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...
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