ECC gives go-ahead to revisions in OGRA ordinance 2002
The ECC also gave go-ahead to exemption from regulatory duty on import of dry fruits, vegetables and fresh fruits from Afghanistan which was proclaimed by PM Abbasi on his visit to Kabul recently
Oil prices dip from multi-year highs
Outside OPEC, soaring U.S. crude oil production may also help fill Iran’s supply gap, hitting another record last week by climbing to 10.7 million barrels per day
Senate panel gives nod to revision in GIDC bill
CNG industry was said to have already paid Rs19b under GIDC and now Rs12b will be paid for the period of Jan 2012 to May 22nd,2015.
OGRA gives 150 permits for establishment of LPG auto-refueling stations
LPG at the moment constitutes 0.7 percent of the total primary energy supply in Pakistan and its present size of the market is around 1.21 million tons per annum
Thar Coal to add first Megawatt to the national grid this December: CM
Rs7 billion to be spent on Thar Coal infrastructure development
300 MW of wind power to be added to the grid in July
Rs11.5 billion solar energy projects planned for next year
AGP unearths massive corruption in accounts of WAPDA, Ministry of Water Resources
ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed misuse of public funds to the tune of billions in the accounts of...
Oil prices slump as Trump announces exit from Iran nuclear deal
As US President Donald Trump announced that the United States will exit the Iran nuclear deal, oil prices tumbled as media speculation...
PAPCO’s $200 million multi-grade pipeline to be functional next year
KARACHI: The Pak Arab Pipeline Company (PAPCO)’s White Oil pipeline will become multi-grade by the second quarter of 2019, Shell Pakistan’s management told...
Pakistan invites Iran for talks over stalled IP gas pipeline
Iran sought $1.2 billion in damages as per the penalty clause from January 1, 2015. As per the agreement, if Pakistan didn't take gas supplies from Iran, it is bound to pay a fine of $1 million per day
Oil prices retreat from 3.5 years high, as market awaits Trump decision on Iran
Brent crude futures were down 63 cents, or 0.8 percent, at $75.54, having jumped 1.7 percent to settle at $76.17 a barrel in the previous session
Govt draws up revisions in legal structure after K-Electric deal
ISLAMABAD: The incumbent government is said to have drawn up revisions in the legal structure surrounding the acquisition of Shanghai Electric of...
Foreign lenders rebuff appeal for transfer of loans to transmission line projects
The power division in its tabled summary demanded Rs9.84 billion via the issuance of sovereign guarantees to be obtained from local commercial banks for connecting new nuclear plants in Karachi to the national grid
Engro corporation to invest $21.375 million in Siddiqsons energy
Siddiqsons Energy Limited is a special purpose vehicle (SPV) established to develop around 330 megawatts of Thar coal-fired power generation facility in Block II, district Tharparkar Sindh on a build, operate and own basis
Pakistan struggling to setup meeting with WB over Kishanganga dam dispute
WB officials say busy schedule of their president is causing problems in setting-up a suitable time for the meeting
Circular debt in power sector threatening entire financial system: Report
Circular debt in power sector has crossed the Rs1 trillion mark