Nepra directs K-Electric to decrease tariff by Rs1.172 per unit
The power regulator in its newest calculation shared K-Electric was bound to recommend modification of tariff to transfer of profits founded on an asset base of Rs27.5 billion for FY 2014-15 but failed to submit the request for adjustment
Previous govt gave go-ahead to $1.6b incentives for oil refinery in Hub
Parco executives said a $5 billion investment would yield monetary benefits to the tune of $84 billion in shape of foreign currency savings on imports, a contribution of petroleum levy/sales tax and share in profit for the Pakistani government
LNG prices rise in Asia as heatwave grips Japan
Spot prices for September LNG-AS delivery in Asia were assessed at $9.75 per million British thermal units (Btu), up 25 cents from the previous week
Oil prices dip after three days of gains
Brent futures were down 5 cents at $74.49 a barrel by 0319 GMT, after gaining 0.8 percent on Thursday. They are heading for a near 2 percent gain this week, the first weekly increase in four
K-Electric’s takeover bid by the Chinese hits a snag
ISLAMABAD: The takeover of K-Electric (KE) by Shanghai Electric has apparently hit a snag following the National Electric Power Regulatory Authority’s (NEPRA)...
Shell launches $25 billion buyback plan, second-quarter profits miss
The share repurchase programme promised following the $54 acquisition of BG Group in 2016, is the clearest signal yet that the world’s second-largest oil company has recovered from a bruising three-year downturn in the energy sector
Oil rises after Saudi Arabia suspends shipments through Red Sea lane following attack
Brent crude futures had risen 66 cents, or 0.9 percent, to $74.59 a barrel by 0019 GMT, after gaining 0.7 percent on Wednesday
Painful structural adjustments on macro weaknesses await next government
LAHORE: Structural weakness in Pakistan’s trade account deficit that has swelled commodity prices again, poses critical challenges which cannot be managed by...
NEPRA jacks up power price by Rs0.5 per unit
ISLAMABAD: The already burdened power consumers of the country are to face a hike in power tariff as the National Electric Power...
Oil prices drop on worries about oversupply
Brent crude oil was down 19 cents, or 0.3 percent, at $72.87 a barrel by 0345 GMT, after settling down 1 cent on Monday. U.S. crude was down 21 cents, or 0.3 percent, at $67.68 a barrel
Commercial banks refuse to lend Rs50 billion to PHPL for decreasing circular debt
And the situation of the energy supply chain is dismal as the country’s largest oil marketing company (OMC) Pakistan State Oil is facing a prospect of default due to its receivables ballooning to Rs330 billion
Energy imports surge 23.7 percent on back of oil price rises, rupee devaluation
Imports of petroleum crude surged 66 percent in dollar-denomination and 29 percent in volumetric termsto $4.22 billion and 10.40 million tons, said PBS
Nepra recommends suspending licence on delayed distributed generation
Nepra proposed to limit the distributed generation facility capacity at 150 percent of the approved load of the applicant’s premises
LNG prices slide as demand retreats in Japan, China, South Korea
LNG spot prices for September delivery in Asia were assessed at $9.50 per million British thermal units (Btu), down 50 cents from the previous week
Govt seeking $2 billion funding from AIIB, Swiss bank for construction of dams
After the conclusion of the meeting, Water and Power Development Authority (Wapda) Chairman Lt Gen Muzammil Hussain stated the fund-raising had got a good response from the public which had donated Rs260 million so far