Exxon Mobil, Energas planning to setup 3rd LNG terminal in Port Qasim
ISLAMABAD: Exxon Mobil in partnership with a consortium of Pakistan’s biggest businesses is planning to build Pakistan’s third import liquefied natural gas...
Power ministry orders inquiry against overbilling
ISLAMABAD: Ministry of Power Division has ordered an inquiry against Hyderabad Electric Supply Company (HESCO) Chief Executive on sending high electricity bills...
Pakistan’s foreign exchange position stable: spokesman finance division
ISLAMABAD: The Finance Division Spokesman has said that the foreign exchange position of Pakistan is stable and the news titled "Pakistan's net...
PIAF rejects government’s plan to raise gas prices
LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has rejected plans by the government to increase gas prices by 5 to 7 per...
Energy sector debt out of control
ISLAMABAD: For the first time in the history of the country, circular debt in the power sector has crossed a staggering figure of Rs977 billion.
According...
IMF’s concerns about the economy are correct, Miftah Ismail
ISLAMABAD:Â Speaking to media at the Ministry of Finance, Advisor to the Prime Minister on Finance, Revenue and Economic Affair Division Miftah Ismail...
FDI jumps to 15.6pc, adding $262.5 mn from last year
KARACHI: Foreign Direct Investment (FDI) in the first eight months of 2017-18 amounted to $1.94 billion, up 15.6 per cent or $262.5...
Govt to focus on high growth rate, controlled inflation in next budget: Miftah Ismail
ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail Friday said the government will mainly focus on setting the target for a...
Summer load-shedding to persist, despite increased power supply
LAHORE: Despite increasing power supply, consumers are expected to face power outages during the upcoming summer months, reported a private news outlet.
The...
PPIB gives extension for financial close of Matiari-Lahore transmission line
ISLAMABAD: An extension has been given in timelines for achieving financial close of various power projects including the high-voltage direct current (HVDC)...
Thar Energy limited to receive equity injection from Fauji Fertilizer, CMEC
LAHORE: In a stock exchange notification forwarded to the bourse by Hubco on Thursday revealed the company had entered into a shareholder...
Pakistan needs to tap potential of off-grid solar industry
ISLAMABAD:  An energy conference organized by the International Finance Corporation (IFC) on Wednesday saw participants emphasizing on taking advantage of Pakistan’s off-grid...
Oil prices steady on back of robust global demand
SINGAPORE: Oil prices held steady on Thursday, supported by healthy global demand but capped by the relentless rise in U.S. production that...
NTDC on verge of default, as it battles severe financial crunch
LAHORE: The National Transmission and Despatch Company (NTDC) is on the verge of default as it halted all payments to its contractors,...
Vitol partnering with Total on setting up LNG import facility in Karachi
LONDON/ISLAMABAD/DHAKA: Vitol is targeting Southeast Asia’s booming liquefied natural gas (LNG) markets to boost sales and catch up with rival commodity traders...