DISCOs seek periodical adjustments in consumer-end tariff
ISLAMABAD: Power distribution companies (DISCOs) including IESCO, FESCO and LESCO has sought from the National Electric Power Regulatory Authority (NEPRA) to approve...
Oil prices rise; still set for third weekly drop on oversupply
Brent oil rose 7 cents to $72.65 a barrel by 0354 GMT, after rising to $73.04 earlier in the day.
Differences between Ogra and oil industry hampering oil storage mechanism
In 2017, Ogra had stopped over a dozen oil marketing companies (OMCs) from widening their retail outlet networks because of their failure to establish comparable storage capacity needed under government rules
Vopak acquires 29 percent stake in ETPL for $38 million
Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.
Pepco commences investigation into IESCO scam
As per the documents, the auditors during their investigation of IESCO’s records uncovered misappropriation of Rs53.9 million dues to unneeded expenditures on the construction of a duct line
Finance, climate change ministers, highlight causes and impact of urbanisation
ISLAMABAD: In the launching ceremony of the State of Pakistani Cities report under the agenda of 'Role of Cities in National Economic...
Yet another power tariff increase in the works
ISLAMABAD:Â After a respite of several months, electricity consumers are now bracing for another tariff increase on account of fuel cost adjustment for...
PTCL group’s revenue grows 4pc to Rs60.7bn
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the mid-year ended June 30, 2018, and an interim dividend...
Rs.70 power price hike proposed by power companies
ISLAMABAD: Power companies all across the country have proposed a hike of Rs.70 per unit in electricity prices, under fuel adjustment charges...
Byco commissions country’s largest isomerisation plant
KARACHI: Byco's wholly owned subsidiary, Byco Isomerisation Pakistan (Private) Limited has commissioned the country's largest isomerisation plant.
Byco has employed a superior technology...
Oil prices decline on potential supply hikes; Trump-Putin eyed
Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second straight week
Oil edges lower, set for big weekly decline
Brent crude eased 36 cents, or 0.5 percent, to $74.09 by 0326 GMT. On Thursday it gained $1.05 a barrel, rebounding from a session low of $72.67. It is heading for a weekly fall of nearly 4 percent
LNG prices rise, as rupee depreciation and global commodity prices bite in
For Pakistan State Oil (PSO), import cost is 10.11 per mmbtu and Pakistan LNG Limited (PLL) at $10.4 per mmbtu
US soon to leapfrog Saudis, Russia as top oil producer
The United States led the world in oil production for much of the 20th century, but the Soviet Union surpassed America in 1974, and Saudi Arabia did the same in 1976, according to Energy Department figures
Brent oil gains $1 to claw back some losses
Brent crude rose $1.31, or 1.8 percent, to $74.71 by 0242 GMT after slumping 6.9 percent on Wednesday