OGRA gives 150 permits for establishment of LPG auto-refueling stations

LPG at the moment constitutes 0.7 percent of the total primary energy supply in Pakistan and its present size of the market is around 1.21 million tons per annum

Thar Coal to add first Megawatt to the national grid this December: CM

Rs7 billion to be spent on Thar Coal infrastructure development 300 MW of wind power to be added to the grid in July Rs11.5 billion solar energy projects planned for next year

AGP unearths massive corruption in accounts of WAPDA, Ministry of Water Resources

ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed misuse of public funds to the tune of billions in the accounts of...

Oil prices slump as Trump announces exit from Iran nuclear deal

As US President Donald Trump announced that the United States will exit the Iran nuclear deal, oil prices tumbled as media speculation...

PAPCO’s $200 million multi-grade pipeline to be functional next year

KARACHI: The Pak Arab Pipeline Company (PAPCO)’s White Oil pipeline will become multi-grade by the second quarter of 2019, Shell Pakistan’s management told...

Pakistan invites Iran for talks over stalled IP gas pipeline

Iran sought $1.2 billion in damages as per the penalty clause from January 1, 2015. As per the agreement, if Pakistan didn't take gas supplies from Iran, it is bound to pay a fine of $1 million per day

Oil prices retreat from 3.5 years high, as market awaits Trump decision on Iran

Brent crude futures were down 63 cents, or 0.8 percent, at $75.54, having jumped 1.7 percent to settle at $76.17 a barrel in the previous session

Govt draws up revisions in legal structure after K-Electric deal

ISLAMABAD: The incumbent government is said to have drawn up revisions in the legal structure surrounding the acquisition of Shanghai Electric of...

Foreign lenders rebuff appeal for transfer of loans to transmission line projects

The power division in its tabled summary demanded Rs9.84 billion via the issuance of sovereign guarantees to be obtained from local commercial banks for connecting new nuclear plants in Karachi to the national grid

Engro corporation to invest $21.375 million in Siddiqsons energy

Siddiqsons Energy Limited is a special purpose vehicle (SPV) established to develop around 330 megawatts of Thar coal-fired power generation facility in Block II, district Tharparkar Sindh on a build, operate and own basis

Pakistan struggling to setup meeting with WB over Kishanganga dam dispute

WB officials say busy schedule of their president is causing problems in setting-up a suitable time for the meeting

Circular debt in power sector threatening entire financial system: Report

Circular debt in power sector has crossed the Rs1 trillion mark

Oil prices hold firm, as Iran tensions keep market on edge

Brent crude oil futures were at $74.94 per barrel at 0035 GMT, up 7 cents, or 0.1 percent, from their last close

Water crunch impacts cotton production in various districts of Sindh

A drought-like situation has arisen in the districts of south-east of Sindh after the Irrigation Department decreased water flows to 3,000 cusecs from 12,000 in the Nara Canal head

WB convenes 8th round of talks with Pak, India over construction of dams

LAHORE: The World Bank (WB) has convened a meeting of the experts of India and Pakistan in Washington on May 21 and...