Oil prices decline for third straight session, touch $68.33 per barrel
SINGAPORE: Oil prices fell for a third day on Wednesday after data from an industry body showed crude stocks rose more than...
Circular debt: Govt planning to clear power sector arrears yet again
ISLAMABAD: Another effort is afoot by the federal government to clear power sector’s circular debt which has soared to Rs525 billion due...
Petroleum prices may skyrocket to three-year highs
ISLAMABAD: Oil prices of various POL products are set to rally to their highest point since November 2014, with diesel expected to...
DISCOs incurring losses amounting to billions of rupees
LAHORE: PEPCO held a detailed review of the performance of all Distribution Companies during the month of December 2017. The progress of implementation...
OICCI urges government to make consistent policies to attract foreign investment
ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) on Monday said that there would be no load shedding incoming summer...
Only 256 MW added to national grid against allotment of over 41,000 acres land in Sindh
By Aftab Channa
KARACHI:Â In what seems a lethargic attitude of the provincial, as well as the private authorities towards the development of the...
Hascol Petroleum to pay $9.5 million to Mena Energy for out of court settlement
LAHORE: A bourse notification filed Monday by Hascol Petroleum Limited (HPL) announced it reached an out of court settlement with Mena Energy...
Route survey for North-South gas LNG pipeline finalized
ISLAMABAD: The route survey for laying 1100-kilometer gas pipeline from Lahore to Karachi (North-South) has been completed and the Price Negotiations Committee,...
Oil prices remain firm on back of weakening dollar
SINGAPORE: Oil prices held firm on Monday, supported by strong demand, a weak dollar and ongoing supply cuts lead by OPEC and...
WAPDA chairman discusses financing for WAPDA projects with French ambassador
LAHORE:Â The Pakistan Water and Power Development Authority (WAPDA) Chairman Lieutenant General (retd) Muzammil Hussain today called on the French Ambassador to Pakistan...
AEDB keen on exploiting Balochistan’s wind energy promise
ISLAMABAD: The Alternative Energy Development Board (AEDB) on Thursday in its board meeting reached a consensus to tap wind energy potential present...
Oil prices fall, as dollar back-pedals decline
NEW YORK: Oil retreated late on Thursday as the U.S. dollar rebounded from early losses and strengthened, denting support for the latest...
Pakistan failed to devise specification of manganese additive in petrol
ISLAMABAD: Pakistan has still not formally revised the specifications of fuels and due to which increased content of manganese in gasoline has...
Circular debt obstructing investment in Pakistan’s refinery sector, says: Chairman Hascol
LAHORE: One of Pakistan’s leading oil marketing companies, Hascol Petroleum Limited has been operating in Pakistan since 2005 and succeeded in opening a...
Pakistan Oilfields earnings disappoint, profits increase by paltry 2.26 percent during July-December 2017
LAHORE: Pakistan Oilfields Limited on Wednesday announced its half-yearly earnings till December 31st, 2017, reporting an increase of 2.26 percent in profits...