Petroleum production increases by 11.62pc
ISLAMABAD: The production of petroleum products witnessed 11.62 per cent increase during the first five months (July-November) of the current fiscal year as...
Donor agencies allegedly bribe govt high ups to enforce secret agenda
ISLAMABAD: The leading donor agencies are sending high officials on foreign tours in order to safeguard and promote their vested agenda in...
Oil slides towards weekly loss on excess supply worries
LONDON: Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as...
Global oil prices for sixth consecutive day, as US output hit record highs
TOKYO: Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit...
Joint audit study fails to evaluate quantum of losses in Qatar LNG deal
ISLAMABAD: A Joint Audit Special Study carried out to investigate the multi-billion-dollar LNG gas deal signed by Pakistan with Qatar has failed...
Government losing Diamar Bhasha dam’s land as execution of project delays
ISLAMABAD: Despite paying around Rs 64.8 billion in terms of compensation of land, the government starts losing the acquired land of Diamar Bhasha...
97.5 percent work concluded on Neelum-Jhelum Hydropower project
ISLAMABAD: Over 97.5 per cent work has already been completed on the strategically important 969 MW Neelum Jhelum Hydropower Project and its wet...
Brent crude touches 2018 low, as oil prices ease
SINGAPORE: Oil prices eased on Thursday, taking Brent crude to a 2018 low, as soaring U.S. output undermined OPEC’s effort to tighten...
WAPDA’s debt surged 331pc by end of December 2016: SBP
KARACHI: A recently released report by State Bank of Pakistan revealed Water and Power Development Authority (WAPDA), debt surged by 331 percent,...
Fatima Energy to be investigated for receiving “special favours”
Islamabad: A four-member committee has been established by cabinet division to investigate misconduct in inter-changeability of Fatima Energy Limited from co-generation policy...
Pakistan to suffer severe LPG crisis if advance tax, regulatory duty not resolved
ISLAMABAD: All Pakistan LPG Distributors Association (LPGDA) Chairman Irfan Khokhar Tuesday underlined the need for withdrawal of 5.5 per cent advance tax...
Byco successfully begins operations at reformer of oil refining complex
LAHORE: A bourse notification filed Tuesday by Byco Petroleum disclosed operations at its reformer of oil refining complex Il (ORC Il) have...
Oil prices tumble 1 percent, as global financial markets turbulent after rout
SINGAPORE: Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled...
ISGSL MD’s 3rd consecutive appointment raises eyebrows
ISLAMABAD: Nepotism is allegedly ruling the roost in Petroleum Division of the Energy Ministry, as Mobin Saulat is appointed as Inter State...
Engro set to benefit from coal extraction, despite environmental concerns
As the rest of the world moves away from non-renewable sources of energy, Engro, Pakistan’s largest private-sector conglomerate, expects to benefit from...