General Electric contemplating sale of its industrial engine business
BOSTON: General Electric is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion,...
Parliamentary panel dismisses KP industry’s claim of gas overbilling
ISLAMABAD: A parliamentary panel dismissed Khyber-Pakhtunkhwa industries claim of overbilling after Sui Northern Gas Pipeline’s (SNGPL), managing director promised to resolve the...
Govt allows PSO to import furnace oil for power sector after three-month ban
ISLAMABAD: The government lifted a three-month ban on import of furnace oil as it directed state-owned Pakistan State Oil to ensure import...
U.S crude oil consolidates gains, as dollar slips to three-year low
TOKYO: U.S. crude extended gains in subdued trade on Friday as the dollar slipped to a three-year low, with many Asian markets...
Senate approves setting up of tribunal to challenge Nepra decisions
ISLAMABAD: A key legal change has been approved by a senate body to clip the powers wielded by National Electric Power and...
Sindh Lakhra Coal Mining Company gets exploration license
KARACHI: Sindh Chief Minister Syed Murad Ali Shah while presiding over the Sindh Coal Authority's (SCA) 30th board meeting here at the...
Hi-Tech Lubricant gets OGRA nod to seek NOCs for setting up 26 petrol pumps
LAHORE: A bourse notification filed Thursday by Hi-Tech Lubricants Limited (HTL) announced it had received permission from Oil and Gas Regulatory Authority...
Opposition parties gang-up, call for making LNG deal with Qatar public
ISLAMABAD: Calls for making the multibillion dollar LNG deal that Pakistan made with Qatar be made public are rising as the countries...
Oil prices consolidate gains, driven up by weakening dollar
SINGAPORE: Oil prices on Thursday extended gains from the previous session, pushed up by a weak dollar and by comments from Saudi...
Hascol enters into joint operations agreement with Total Parco
LAHORE: A bourse notification filed Thursday by Hascol Petroleum revealed it had entered into a joint operations agreement with Total Parco Pakistan...
Asia’s surging gas demand opens opportunity for LNG projects
NUSA: Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for...
Govt terminates ADB sponsored AMI meter scheme
ISLAMABAD: Pakistan has refused to go-ahead with Asian Development Bank supported $5 billion drive of installing Advanced Metering Infrastructure (AMI) meters across...
Govt gives go-ahead for IGA with Italy, Oman for LNG import
ISLAMABAD: The government on Tuesday gave go-ahead to inking of inter-governmental agreements (IGAs) with Italy and Oman for import of liquefied natural...
CPPA-G conversion to independent power operator to be decided in March
ISLAMABAD:Â Process for conversion of Central Power Purchasing Agency-Guarantee (CPPA-G) from its current role of billing and financial agent of distribution companies to...
Progas shareholders ordered to deposit $553,000 security payment for case revival
LONDON: A British Court on Friday ordered shareholders of defunct liquefied natural gas company Progas Pakistan to submit a $553,000 security payment...