CCoE for enhancement of oil storage capacity
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Friday asked the concerned ministry to take necessary steps and enhance the national storage...
Hascol Petroleum clarifies position amidst circulating rumors
Hascol Petroleum Limited (HPL) has responded to circulating rumors about the company losing an arbitration case in U.K Court against MENA energy...
Orient Power Co all set to pay off SNGPL’s Rs800m in major ‘power’ war
ISLAMABAD: Orient Power Company (Private) Limited is ready for an out-of-court settlement with Sui Northern Gas Pipelines Limited (SNGPL) to clear approximately...
Mini-budget to have negative revenue impact of Rs6.8 billion during remainder of FY18-19
Despite the major shortfall of Rs 158 billion during the past six months, the FBR has kept the tax collection target unchanged at Rs 4,386 billion for this financial year ending June 2019
Lakhra power plant to be made operational, says Shibli Faraz
ISLAMABAD: The leader of the house in the Senate Shibli Faraz Tuesday said the government will make functional the Lakhra Power Plant,...
Local LPG production touched 1.918m tons in last three years
Islamabad: Local production of Liquefied Petroleum Gas (LPG) remained over 1.918 million metric tons (mmt), imports 0.840 mmt, sales 2.559 mmt during...
Oil extends losses as economic slowdown concerns return
Oil extended losses on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi...
Chinese company plans to invest $9bn in KE by 2030
ISLAMABAD: Shanghai Electric Power Company (SEPC) Chairman Yundan Wang said on Friday that his company was planning to invest $ 9 billion...
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...
Power Division set to clear circular debt through Rs200bn Sukuk
Govt formulates plan to make payments to 79 IPPs and GENCOs
LPG dealers hike price by Rs10 per kg without OGRA notification
ISLAMABAD: Dealers of liquefied petroleum gas (LPG) have raised the price of the commodity by Rs 10 per kg even though the...
Asian shares fall as investors await new Fed leader
TOKYO: Asian stock markets were mostly lower on Thursday as investors awaited President Donald Trump’s announcement on his choice to lead the...
Baloki power plant connected to national grid: NTDC
Lahore: The Baloki (RLNG) based power plant of 1,200 megawatt capacity has been connected to the national grid said the National Transmission...
AEDB allows 18 entities to set up 653MW power plants
ISLAMABAD: The Alternative Energy Development Board (AEDB) has issued the letter of support (LOS) and the letter of intent (LOI) to 18...
‘Govt to overcome circular debt by Dec 2020’
ISLAMABAD: Prime Minister Imran Khan on Monday chaired a high-level meeting wherein he was apprised that the government had set a target...