Govt in a fix over impending peak electricity season
LAHORE:Â Speaking to Pakistan Today, sources in the ministry have said that a one-off payment of circular debt is strongly being considered by...
Oil prices push up, as Saudi Arabia says production curbs could last into 2019
SINGAPORE: Oil prices rose on Friday, pushed up by Saudi statements that OPEC and Russian led production curbs that were introduced in...
Asia’s LNG market experiencing shakeup as new countries start importing
LAHORE: Asia's LNG market that had long been dominated by Japan and South Korea is undergoing a transformation as Pakistan and Thailand have...
Domestic gas, RLNG share in total power production rises to 43.17 percent
KARACHI: The share of eco-friendly gas and re-gasified liquefied natural gas (RLNG) in power generation has risen to 43.17 percent in February...
Govt decides to re-levy three surcharges on power consumers
ISLAMABAD: The government in line of recommendations made by the International Monetary Fund (IMF) has decided to re-enact three surcharges on power...
Oil prices inch up, as U.S dollar weakness persists
SINGAPORE: Oil prices rose on Thursday, lifted by a surprise draw on U.S. crude inventories as well as ongoing dollar weakness which...
Federal govt to set up Institute of Petroleum Technology in District Karak
PESHAWAR: The federal government will set up the Institute of Petroleum Technology at a cost of Rs2 billion in District Karak approved...
LPGAP calls for consistent pricing policy, facilitation of local maunfacturers
LAHORE:Â The Liquefied Petroleum Gas Association of Pakistan (LPGAP) on Wednesday demanded from concerned authorities to formulate a consistent policy regarding pricing of...
Pakistani rice exporters benefit from increased market access in Indonesia
ISLAMABAD:Â After bilateral negotiations, the Ministry of Commerce was successful in getting greater market access for its exports into the Indonesian market.
According to...
FBR meets PSO leadership, discuss tax compliance and revenue generation
ISLAMABAD:Â As part of the Federal Board of Revenue's (FBR's) taxpayers outreach programme aimed at acknowledging the contribution of taxpayers and offering them...
Accord with ADB inked for power distribution
ISLAMABAD: Economic Affairs Division and the Asian Development Bank (ADB) have signed loan and project agreements worth $260 million for the Second...
LCCI urges SBP to control rapid surge in price of US dollar, fears economic havoc
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded from the State Bank of Pakistan (SBP) to control the rapid...
Govt, Asian Development Bank sign agreements to enhance power transmission
ISLAMABAD:Â Government of Pakistan and Asian Development Bank (ADB) signed loan and project agreements amounting $260 million for the Second Power Transmission Enhancement...
Oil prices inch up, as tensions escalate in Middle East
SINGAPORE: Oil prices edged up on Tuesday, lifted by tensions in the Middle East, although rising output in the United States and...
Govt seeks changes to wheeling regulations to limit sale & purchase of electricity via dedicated feeders
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has been directed by Power Division to limit sale and purchase of electricity into national...