PPL discovers hydrocarbons in Adhi South, Rawalpindi district
LAHORE: In a notification sent to the Pakistan Stock Exchange (PSX), Pakistan Petroleum Limited (PPL) notified the bourse that the company has...
PM inaugurates Nashpa Oil and Gas, LPG project with high hopes
KARAK: Prime Minister Shahid Khaqan Abbasi here Thursday arrived at Karak district and inaugurated Neshpa Oil and Gas and LPG project.
Upon arrival,...
Adviser to PM on finance meets representatives of foreign banks
ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail held a meeting with senior representatives of various foreign banks based in Pakistan,...
$1490mn worth agreements signed for 990MW Thar coal power projects
ISLAMABAD: The implementation agreements of two Thar coal-based power generation projects totaling 990 MW were signed on Thursday at the Private Power...
Govt to reduce duty on solar batteries
LAHORE: The government is planning to reduce duties on lithium batteries to promote their usage in solar power plants, reported a private...
Government approves Rs93bn for energy sector
LAHORE: The federal government on Wednesday approved financing worth Rs93 billion for the energy sector, at a meeting of the Economic Coordination...
Finland ready to help Pakistan in health, energy and forest sectors
ISLAMABAD: The Roving Ambassador-designate of Finland to South Asia Harri Kämäräinen along with Honorary Consul of Finland in Pakistan Asad Ansari visited Islamabad...
Daniyal Aziz: PSM privatisation to continue, liabilities to be settled
ISLAMABAD: Federal Minister for Privatisation Daniyal Aziz chaired a high-level meeting with the officials of Sui Southern Gas Company Limited (SSGCL), National...
Petroleum prices in Pakistan still lowest in South Asia: Senate told
ISLAMABAD:Â Following the recent hike in petroleum prices, States and Frontier Regions Minister Abdul Qadir Baloch said petroleum prices in Pakistan are still...
Exxon Mobil struggles in wake of major investment write-down
HOUSTON: Exxon Mobil Corp’s $200 million write-down last month on abandoned ventures in Russia - once its next big frontier - points...
PARCO conducting detailed feasibility study on Khalifa coastal oil refinery project
ISLAMABAD:Â Pak-Arab Refinery Company (Parco) is in the process of preparing a comprehensive feasibility study on the Khalifa Coastal Oil Refinery project, which...
Oil prices fall, as key advocate of free trade in U.S government resigns
SINGAPORE: Oil prices fell on Wednesday, pulled down by weaker share markets after a key advocate for free trade in the U.S....
Dawood Hercules selling its shareholding in Hubco to acquire 45 percent stake in Edotco Pakistan
KARACHI: Dawood Hercules Corporation Limited (DHCL) is selling its 14.91 percent stake in Hubco and is planning to use its proceeds to...
OGRA to recover stolen Rs18bn from consumers
LAHORE: The Oil and Gas Regulatory Authority (OGRA) is looking to burden gas consumers with payments amounting to Rs18 billion to cover...
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...