Oil prices firm, as increasing US output emerges for 2018
SINGAPORE: Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts...
Progas challenges ICSID court decision in Pakistan’s favour
ISLAMABAD: A court decision in London which came in favour of Pakistan has been challenged by Progas Pakistan shareholders.
Progas Pakistan which is...
Economic pundits see no end to Pakistan’s economic slide
ISLAMABAD: Pakistan's economy has been on a steady downward slide with no end in sight, some experts say, with the currency dropping,...
Price of petroleum products less in Pakistan as compared to neighbouring countries
ISLAMABAD: Petroleum Minister Jam Kamal on Thursday informed the National Assembly that prices of petroleum products are less in Pakistan as compared...
PGPL to try flowing gas through 2nd LNG terminal today
ISLAMABAD: Pakistan GasPort, the country’s second liquefied natural gas (LNG) import terminal, plans to try injecting gas back into the facility’s onshore...
EETPL, SSGC sign agreement for additional LNG supply
KARACHI: Sui Southern Gas Company (SSGCL) and Engro Elengy Terminal Private Limited (EETPL) entered into an agreement for procurement of additional 200mmcfd...
Managing Director, PLTL criticized for penalizing PGPL
ISLAMABAD: Delays in procurement and earlier commissioning of second Liquefied Natural Gas terminal built by Pakistan GasPort Limited (PGPL), which resulted in...
Proposed tariff regime hasn’t eroded stock prices of SNGPL, SSGC, says: OGRA
ISLAMABAD: The proposed tariff regime for natural gas sector hasn’t eroded share prices of state-owned gas utilities Sui Northern Gas Pipelines (SNGPL)...
Government to lift furnace oil for power plants to ease “jet fuel crunch”
ISLAMABAD: The government on Monday capitulated and principally decided to lift imported and domestic furnace oil for power plants to ease jet...
7th long-term plan of CPEC to launch on December 18th
KARACHI: Planning and Interior Minister Ahsan Iqbal on Tuesday said, seventh-long term plan of China-Pakistan Economic Corridor will be launched on December...
Parliamentary panel gives govt two weeks to clear its stance on circular debt
ISLAMABAD: The Senate’s Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control Tuesday gave two-week time to the Ministry of Power...
Govt released Rs3.612 million for petroleum sector from July-November
ISLAMABAD: The government has released Rs3612.280 million for the Petroleum and Natural Resources Division under the Public-Sector Development Programme (PSDP 2017-18) during...
Pakistan’s first tariff-based auction for solar power project announced in Sindh
KARACHI: The Sindh government has announced to launch a tariff-based auction to develop a 50 megawatt (MW) solar power project in the...
North-South gas pipeline’s BOOT agreement being negotiated
ISLAMABAD: Pakistani and Russian experts are in process of holding negotiations on Build-Operate-Own-Transfer (BOOT) agreement to lay an 1100 kilometre gas pipeline...
Cabinet Committee on Energy agrees on amendments related to power tariff
ISLAMABAD: The Cabinet Committee on Energy on Tuesday decided to introduce suitable amendments in the existing policy framework to address various issues...