Pak, Kuwait Fund sign agreement to finance Golen Gol Hydropower project

ISLAMABAD: The Government of Pakistan and the Kuwait Fund here on Wednesday signed a Supplementary Loan Agreement of KD 4.5 million (equivalent to $15 million)...

Generator sales spike in Karachi, as power outages return

KARACHI: Generator sales have spiked in Karachi since power outages increased in the last few weeks and the dispute between K-Electric and...

Oil prices dip from 2014 highs, as U.S oil production rises

SINGAPORE: Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by...

Nepra establishes five-member team to investigate K-Electric affairs

ISLAMABAD: National Electric Power Regulatory Authority on Tuesday formed a five-member team to probe K-Electric affairs, it said in an announcement. Taking the...

SSGC seeks govt permission to spread Rs18 billion losses over five-year period

ISLAMABAD: Sui Southern Gas Company (SSGC) has reached out to the authorities to allow it to spread it's Rs18 billion over a...

Govt to supply RLNG to revive 2,500MW power plants

KARACHI: To bolster its power generation capacity to cope with the present power crisis, the government has decided to revive two defunct...

Bangladesh, India sign 130km oil pipeline deal

DHAKA: Bangladesh and India signed an agreement here on Monday on the proposed 130km oil pipeline aimed at pumping Indian oil to...

Brent crude touches $69.04, as US-China trade war threat eases

SINGAPORE: Oil markets rose for a second day on Tuesday, with Brent rising above $69 per barrel on hopes a trade dispute...

OMC’s and refineries refuse to pay fee in absence of formal notification

ISLAMABAD: The dispute between the Oil and Gas Regulatory Authority (OGRA) and oil industry has intensified after the latter refused to pay...

Energy corridor between Pakistan, Tajikistan could improve regional connectivity

ISLAMABAD: A conference held by Tajikistan’s embassy and Centre for Global Studies (CGSS) on Monday emphasized for execution of an energy corridor...

Pakistan’s petroleum consumption rose 9.64 percent during 2016-17: OCAC

ISLAMABAD: A report released by the Oil Companies Advisory Council (OCAC) for the year 2016-17 revealed Pakistan’s petroleum productions consumption grew by...

Oil prices fall, as US trade war with China rattles markets

SINGAPORE: Oil prices dipped on Tuesday, easing after strong gains in the previous session when hopes that trade disputes between the United...

Chinese Investment Promotion Agency keen to develop JVs with Pak companies

ISLAMABAD: Shenzhen Investment Promotion Agency of China on Monday expressed its deep desire in initiating joint ventures with Pakistani counterparts in areas...

Punjab’s 3600 mw RLNG-run power plants fail to produce required electricity

ISLAMABAD: Punjab’s 3600 mw RLNG-run power plants have so far failed to produce the required electricity due to which billions of rupees...

Pakistan signs two MoUs with China for gas pipeline, oil refinery

SANYA: Prime Minister of Pakistan Shahid Khaqan Abbasi and PowerChina Limited's Vice President Li Yanming, on Monday witnessed the signing of a...