Ogra awards $370 million oil pipeline contract to FOC
In violation of the rules laid down by ECC which clearly state any oil pipeline project has to ratified by the federal cabinet, OGRA awarded the licence to Frontier Oil Company
Neelum Jhelum project’s power intake system completed
ISLAMABAD: The Power intake system of Neelum Jhelum Hydropower Project at dam site has been completed with the operationalisation of the third...
Massive overhaul required for prevailing flood forecasting mechanismÂ
LAHORE: Pakistan was not able to acquire the monsoon monitoring capability following the lack of required skilled manpower and modern forecasting equipment...
NEPRA reduces tariff control period for five years in reviewed order for MSW power projects
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued a reviewed order with respect to the upfront tariff determination for Municipal...
Slippage in billing collection and other factors causing rise in circular debt
A loan facility of up to Rs431 billion for Discos was arranged by PHPL/CPPA-G on part of Discos for FY17 as a term finance facility
Brent crude drops more than $1 after U.S. softens stance on Iranian sanction waivers
Washington will consider requests from some countries to be exempted from sanctions it will put into effect in November to prevent Iran from exporting oil, U.S. Secretary of State Mike Pompeo said on Tuesday
IESCO top brass making efforts to save officials involved in fraud
Also, IESCO suffered losses of Rs222 million in twenty-three other contracts in which the contractor was granted favour by the project director
SBP explains collection mechanism for Dams Fund, banks to contribute as well
On media queries, Shamsul Hasan clarified that arrangement had also been made at banks to receive donations in Diamer-Basha and Mohmand Dam Fund from abroad.
Do not blame OPEC, oil producer group says of Trump criticism
Global oil prices have climbed steadily this year, helped by rising demand, and topped $80 per barrel in May for the first time in 3-1/2 years
Oil prices climb over escalating worries of supply shortages
Brent crude had added 32 cents, or 0.4 percent, to $78.39 per barrel by around 0303 GMT, following a 1.2-percent climb on Monday
SNGPL, SSCGC facing default prospects due to non-clearance of dues by power sector
To ensure appropriate figure of RLNG demand is put forth to Pakistan LNG Limited (PLL) for July-September 2018, the Power Division has been asked to provide a proper confirmation to off-take from RLNG volumes on a take or pay basis
PEC opposes reshuffle plan for power companies
The parliamentary panel had stopped the authorities from the installation of transformers across Pakistan till the elections on July 25th
Construction work on Diamer Basha, Mohmand Dams to start in fiscal year 2018-19
WAPDA chairman briefed PM about the issues of water and hydropower sectors in the country. The prime minister was also apprised of WAPDA projects, particularly Diamer Basha and Mohmand Dams.
Supreme Court orders forensic audit of oil import mechanism
ISLAMABAD: The Supreme Court on Sunday ordered a thorough analysis of the petroleum products import mechanism in the country by examining that...
New Delhi annoyed over energy deal between Pakistan, Maldives
A deal struck between Pakistan and Maldives has reportedly left New Delhi confused and unsettled, leading to a further deterioration in relations...