Oil rebounds 1% as investors take stock of banking crisis
RIYADH: Oil prices rebounded by about one per cent on Friday after a meeting between Saudi Arabia and Russia calmed markets amid...
NEPRA imposes fine of Rs5m on Genco-III for power breakdowns
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs5,000,000 on M/s Northern Power Generation Company Limited GENCO-III,...
Previous govt made Rs72 billion illicit payment to power producers: AGP
The ECC meeting was apprised the sub-committee on circular debt had called the non-adjustment of liquidity damages by the Minister of Water and Power (MoWP) against claims of Independent Power Producers (IPPs) of Rs22.91 billion as illegal
Show cause notices issued to 7 OMCs for overcharging in AJK
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) is reported to have issued show-cause notices to as many as seven top oil...
World Bank likely to give $200m loan for renewable energy project
The World Bank has initiated the process to approve a load of $200m for increasing the installed generation capacity of renewable energy...
Oil drops on Iran sanction exemptions, economic concerns
International Brent crude oil futures were down 28 cents, or 0.4 percent, at $72.89 a barrel
KSE-100 index closes on a flat note
The Pakistan Stock Exchange (PSX) KSE-100 index lost 3.42 points or 0.01pc to close at 49,016.79. Trading at the bourse remained range-bound today in...
Hike in petroleum prices will make life difficult for masses, says FPCCI
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s President Ghazanfar Bilour has said the second hike in the petroleum...
‘Imposition of Rs80bn arrears unjustified’, exporters complain to NA body
-- Power Division asked to take up tariff issue with ECC
-- Textile millers to observe strike on Feb 10 if issues remain...
Pakistan will seek US waiver on IP gas project, says Petroleum Minister
Musadik Malik expresses concerns over proposed gas price hike
Oil prices retreat from 3.5 years high, as market awaits Trump decision on Iran
Brent crude futures were down 63 cents, or 0.8 percent, at $75.54, having jumped 1.7 percent to settle at $76.17 a barrel in the previous session
Wapda seeks 98pc rise in hydel generation tariff
KP demands 390pc increase in net hydel profit, Wapda seeks rise of 98pc in hydel tariff per unit
Islamabad: The Khyber-Pakhtunkhwa (KP) government has...
Energy sector debt out of control
ISLAMABAD: For the first time in the history of the country, circular debt in the power sector has crossed a staggering figure of Rs977 billion.
According...
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...
Shanghai Electric rescinds offer to buy 66.4 pc holding in KE: sources
KARACHI
China’s Shanghai Electric Power Company has most probably withdrawn an offer to buy 66.4 per cent stakes of K-Electric Limited after the...