Oil prices rise on signs that Iranian crude exports fall further
Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source
Defence & Interior Ministry issue NOC for K-Electric’s sale to Chinese entity
ISLAMABAD: Defence Ministry has given security clearance to Shanghai Electric Power (SEP) for the acquisition of K-Electric.
SEP received no-objection certificates from the...
K-Electric reports rise in profits of 15.53pc
Karachi: In a notification sent to the bourse on Wednesday, K-Electric reported its results for the financial year 2016 ended June 30th.
It...
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...
FIA probes unauthorised imports, operational anomalies in LPG sector
Inquiry initiated after the SIFC requested a thorough investigation based on complaints from individuals in LPG businessÂ
Solar energy adoption could save Pakistan around 6,000MW of electricity
LAHORE: Promotion of solar energy can save up to 6,000 megawatts of electricity of the national grid, besides reducing load from the power distribution system.
Institute of...
FPCCI hails Haroon Akhtar’s statement on coal power projects
ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ghazanfar Bilour has hailed statement of Special Assistant to Prime Minister...
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...
Shell sees potential LNG supply shortage as global demand surges
LONDON: The global Liquefied Natural Gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29...
Govt releases Rs 483m under PSDP against a total budget of Rs 800b
The federal government has released Rs 482.8b (60.4pc), including Rs122b foreign aid, for different development projects under the Public Sector Development Programme...
Power ministry allegedly responsible for power sector’s growing circular debt
Power sector owes Rs 227.3b to PSO
PSO maintains uninterrupted supplies to the power plants despite perpetual defaults of payments
The menace...
Government reimposes electricity surcharge, as circular debt soars
LAHORE: The government has imposed a surcharge on electricity consumers to pay off liabilities owed to power producers and to finance the...
OGDCL pondering acquisition of exploration & production company abroad
Karachi: Oil and Gas Development Company (OGDC) is pondering on acquiring an exploration and production company in Africa or the Middle East...
Saudi visit highlights Pakistan’s search for investment
The largest deal signed on Sunday, a $10 billion refinery to be developed in the port of Gwadar by Saudi Aramco, will take up to five years to develop. But smaller deals, including the acquisition of two liquefied natural gas plants, alternative energy projects and food and agriculture investments should bear fruit more quickly
US envoy, minister discuss energy cooperation between Pak, US
ISLAMABAD: US Ambassador in Pakistan David Hale on Wednesday called on Power Division Federal Minister Sardar Awais Ahmed Khan Laghari here.
During the...