Circular debt surges to Rs1080b from Rs106b in 2008
ISLAMABAD: A meeting of the Senate Special Committee on Circular Debt was held here in Parliament House under the Chairmanship of Senator...
Caretaker govt fails in recommending gas prices proposed by OGRA
ISLAMABAD: Two state-owned gas utilities, SNGPL and SSGCL are facing with severe financial constraints while the caretaker government has so far not...
$10b Pak-Russia offshore gas pipeline deal under negotiations
ISLAMABAD: Bilateral negotiations are in progress to finalise a Memorandum of Understanding (MoU) for an offshore pipeline deal, aimed at supplying gas...
Wapda chairman reviews Mohmand Dam progress
LAHORE: The Water and Power Development Authority (Wapda) says that it is working on various options to start construction work on the...
Petroleum prices kept unchanged
ISLAMABAD:Â The caretaker government has decided to retain the prices of petroleum products at the current level during the month of August 2018.
Ignoring...
Fall in demand forces ministry to stop additional LNG import
ISLAMABAD:Â In the absence of firm orders for liquefied natural gas (LNG) from power producers and weak demand from Sui gas companies, the...
Ogra proposes increase of Rs2.75, Rs3 in prices of petrol & diesel
LAHORE: The Oil and Gas Regulatory Authority has forwarded a summary to the power division recommending an increase in prices of several...
Oil prices decline on oversupply concerns as OPEC output increased in July
For the month, Brent futures are set to drop 6.2 percent, the most since July 2016, while WTI futures set to decline 5.9 percent to, the biggest monthly drop since March 2017
Interim government contemplating to keep oil prices unchanged
The second proposal involves increasing prices of high-speed diesel (HSD) and petrol by Rs2.10 as determined by Ogra and a final decision in this regard will be taken on Tuesday
NEPRA blames previous govt for power underutilisation in industry report
ISLAMABAD: The failure of the power ministry to efficiently utilise new power plants developed under the leadership of the previous government has...
Oil prices mixed; Brent eases as trade tensions weigh
Brent crude futures fell 5 cents to $74.24 a barrel, after notching up a 1.7 percent weekly increase last week, the first gain in four weeks
Nepra saddled by additional Rs112 billion circular debt in FY17
The report stated capacity payments to private power companies stood at Rs280 billion in FY16, rising to Rs350 billion in FY17 and Rs490 billion in FY18 respectively
$4.5b credit financing facility extended by IDB to boost oil imports
During the last financial year 2017-18, the ITFC had extended four facilities for crude oil imports valuing at $870 million, according to EAD statistics
Balloki Power Plant starts operations
Balloki Power Plant can add up to 1,230 megawatts to the national grid, the equivalent power needed to supply up to 2.5 million Pakistani homes.
PLL’s inefficiencies cause losses to the tune of Rs.1.8b
ISLAMABAD: The country has faced a loss of approximately Rs1.8 billion in two months (May and July 2018) as Pakistan Liquefied Natural Gas Limited...