Second unit at Neelum-Jhelum hydro project commences power production
LAHORE:Â In a major development on the power generation front, the second unit of Neelum-Jhelum hydroelectric power project has started generating power to...
Shell likely to invest $15m in retail stations to meet enhanced demand
KARACHI:Â Shell Pakistan has planned to invest $15 to $16 million in its retail stations in the wake of expectations of an increase...
Pakistan aiming to sign cheaper fresh LNG import deals
With LNG replacing furnace oil in power plants, Pakistan is anticipating savings of around $2 billion annually through more efficient power generation...
Oil prices slip on expectations of rising OPEC, Russian supplies
Brent crude futures, the international benchmark for oil prices, were at $78.05 per barrel at 0021 GMT, down 29 cents, or 0.4 percent, from their last close
Bahria Foundation to establish RLNG terminal at Sonmiani
Sources revealed the previous government had given go-ahead to the gas pipeline project from Sonmiani to Nawabshah by ISGS on condition that Bahria Foundation conducts the feasibility study as the leader of the project
China’s tariffs on U.S. oil would disrupt $1 billion monthly business
China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.
Oil prices steady as focus turns to potential supply hike
Benchmark Brent crude oil was down 20 cents at $75.74 a barrel by 0750 GMT, after falling 80 cents on Thursday
Board of PLTL rebuffs proposal to merge it with PLL
The board of both GHLPL, PLTL refused to give approval to this proposal and requested reasons as to why the PLL chief sought to merge PLL & PLTL
Local petroleum production up by 12.98pc in ten months
ISLAMABAD: The production of petroleum products witnessed 12.98 per cent increase during the first ten months (July-April) of the current fiscal year...
Oil prices ease, as US production breaks another record
Brent crude futures, the international benchmark for oil prices, were at $76.46 per barrel at 0046 GMT, down 28 cents, or 0.4 percent, from their last close
Pakistan imported 10 million tons LNG in last three years
LNG imports have resulted in savings of $3 billion to the national exchequer
Rupee depreciation, rising global oil prices justify increase in petrol prices: OICCI
FPCCI lambasted the government for increasing prices of petroleum products and taking short-term decisions on the excuse of economic stabilization
Circular debt falls to Rs499 billion
A decrease in circular debt has been attributed to the timely notification of new tariff by Nepra which allowed Discos to collect additional Rs90 billion revenue in May 2018
CPEC to play immense role in development of remote regions: Secretary planning
ISLAMABAD:Â The Secretary Planning, Development and Reform (PD&R), Shoaib Ahmad Siddiqui has said that the China Pakistan Economic Corridor (CPEC) being a...
Oil prices fall on prospects of increasing supplies
Brent crude futures, the international benchmark for oil prices, were at $75.65 per barrel at 0329 GMT, down 23 cents, or 0.3 percent, from their last close