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
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...