Work on Bhasha and Mohmand dams to commence in 2017: minister
Minister for Water and Power Khawaja Asif on Wednesday said that the groundbreaking ceremonies of two massive reservoir construction projects, the Diamer-Bhasha...
PSX sheds 500+ points as international oil price falls below $50/barrel
At about 3 p.m. local time, international crude oil prices fell below $50, reaching a low of $49.24/barrel, the lowest since December...
Oil Tanker Association threatens strike on October 23rd if demands not met
Islamabad: Another oil-tanker strike is in the offing, as an association of oil tankers threatened to go on strike from October 23rd.
According...
PSO receivables stand above Rs306bn
ISLAMABAD: Rebirth of the menace of circular debt has been causing the cash-flow constraints for Pakistan State Oil (PSO) as receivables of...
Oil prices claw up, but register first weekly decline in six weeks
NEW YORK: Oil rebounded more than 2 percent on Friday after falling for five straight session as a major U.S. crude pipeline...
HDIP suffers Rs370mn revenue loss on account of CNG stations inspection
ISLAMABAD: The Hydrocarbon Development Institute of Pakistan (HDIP) suffered Rs 370.130 million loss in its revenue on account of inspection of compressed...
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...
Khawaja Asif meets Gazprom chairman, agree to enhance cooperation
ISLAMABAD: Foreign Minister Khawaja Muhammad Asif met Gazprom Chairman Alexey Miller in Saint Petersburg, on Thursday, during his official visit to the...
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...
Pakistan’s largest refinery project contract awarded to TechnipFMC
The project will be managed and operated by a wholly-owned subsidiary, PARCO Coastal Refinery Limited (PCRL).
CCoP fails to reach decision over K-Electric deal
One of the main pending problems was the degree to which Shanghai Electric would record the liabilities in its balance sheet after successful takeover of K-Electric
Oil prices rebound on expected stockpile drop
OPEC is due to meet in Vienna on June 22 to decide whether the group and non-OPEC members, including Russia, will raise production to ease concerns over potential supply shortfalls from Iran and Venezuela
NEPRA to approve modification in FIPL’s generation license
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is set to take up proposed modifications in the power generation license of Fimcotex...
OGDCL makes oil & gas discovery at Chanda oilfield in Kohat
The block is operated by OGDC with 72 percent stake along with 17.5 percent and 10.5 percent stake of GHPL and ZPCL respectively
Oil prices rise 1% ahead of U.S. sanctions against Iran
SINGAPORE: Oil prices rose by 1 percent on Thursday, pushed up by the prospect of tighter markets due to U.S. sanctions against...