Power sector receivables jump 10 percent, touch Rs 805 billion
ISLAMABAD: Pakistan’s power sector receivables rose to Rs805 billion by end of January 2018, posting a 10 percent increase in 1st seven...
Chinese firm expresses interest in establishing deep oil refinery in Pakistan
ISLAMABAD: A Chinese state-owned entity has expressed interest in building an up-country deep conversion oil refinery at a cost of $7-8 billion...
PSO-Attock petroleum open country’s most advanced fuel farm at New Islamabad Airport
ISLAMABAD: Pakistan’s most sophisticated fuel farm facility was opened at the New Islamabad International Airport by Adviser to Prime Minister on Aviation...
PM rejects move to eliminate subsidy for industrial consumers
ISLAMABAD: The proposal to hike power prices for industrial consumers by removal of Rs3 per unit subsidy has been rejected by the...
Oil prices dip, set for biggest weekly gains since July 2017
TOKYO: Oil prices edged lower on Friday but are set for their biggest weekly gains since last July following a jump to...
Rs14.8 billion diverted from RLNG-II project to supply gas to underserved areas
ISLAMABAD: Over Rs14.8 billion funds reserved for the building of RLNG distribution network have been diverted for projects to ensure gas supply...
Country’s largest fuel farm inaugurated at new Islamabad airport
ISLAMABAD: Adviser to Prime Minister on Aviation Division Sardar Mehtab Ahmed Khan on Thursday inaugurated Pakistan’s largest and most advanced Fuel Farm Facility at the...
OPEC sees oil markets tighten further even as US shale booms
LONDON: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply...
World Bank set to grant $100 million loan for Sindh solar energy program
LAHORE: The World Bank is set to approve a $100 million loan in May for renewable energy generation via solar in Sindh...
Ogra requested to expedite standardization of manganese content in petrol
ISLAMABAD: The government has been requested by Oil and Gas Regulatory Authority (OGRA) to expedite the move to finalizing standards and specifications...
Brent crude touches $72.25, as tensions over military escalation in Syria rise
SINGAPORE: Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices remained some way off Wednesday’s...
KP endorses FWO for construction of oil pipeline
ISLAMABAD: The Khyber Pakhtunkhwa government has voiced opposition to Inter-State Gas Systems (ISGS) for laying the pipeline from Machike to Taru Jabba...
PSO, Power China in negotiations to setup a $8 billion refinery
KARACHI: The country’s leading oil marketing company Pakistan State Oil (PSO) is in negotiations with Power China to enter into a partnership...
Saudi Aramco signs $44 bn deal to build giant Indian refinery
NEW DELHI: Saudi Aramco on Wednesday announced a $44 billion deal to build a giant refinery complex in India with three Indian...
ADB projects decline in GDP, as trade deficit continues to worsen
ISLAMABAD: According to a new Asian Development Bank (ADB) report, Pakistan’s economy is projected to maintain strong growth in fiscal year (FY) 2018...