Govt to raise over Rs2 billion by petroleum levy imposition on LPG imports
ISLAMABAD: The government’s decision to levy regulatory duty on locally produced and imported liquefied petroleum gas (LPG) is expected to raise over...
OCAC issues warning of “fuel crisis”
ISLAMABAD: News of fuel crisis is again in the offing as oil companies warned about imminent closure of local refineries over the...
Oil prices slip, as US crude output rises
SINGAPORE: Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase...
IPPs payables rise to Rs205 billion
LAHORE: Independent Power Producers overdue payables (IPPs) owed by the government have swelled to Rs205 billion by the end of November.
The energy...
Iraq, Iran sign Kirkuk oil export contract: Iraqi oil official
DUBAI: Iraq has signed an agreement with Iran to export crude oil from its Kirkuk oilfield with a rate of between 30,000...
PSX saw three IPOs in 2017, five in pipeline for 2018
LAHORE: As the year end looms, Pakistan Stock Exchange has had its fair share of achievements and heartbreaks, but a Topline Security...
FBR levies regulatory duty of Rs4,669 per ton on imported LPG
KARACHI: To fill its coffers, Federal Board of Revenue levied a regulatory duty of Rs4,669 per ton on liquefied petroleum gas (LPG)...
Jet fuel shortage looms, as PSO faces supply crunch
ISLAMABAD: Jet fuel shortage is now on the horizon as poor planning and mismanagement has disrupted refineries and jeopardized their operations.
This follows...
Pakistan & Russia to sign multi-billion dollar off-shore gas pipeline project
ISLAMABAD: Pakistan has agreed upon signing a multi-billion-dollar offshore gas pipeline deal with Russia in coming few weeks.
This happened on the sidelines...
7th JCC meeting details revealed by Chinese diplomat
Karachi: The beans have been spilt, as a full list of several projects and agreements finalized during 7th Joint Cooperation Council (JCC)...
Oil prices fall as US dollar strengthens
SINGAPORE: Oil prices dipped on Friday as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year.
U.S....
PAC directs ministry to address over-billing issue
ISLAMABAD: Public Accounts Committee (PAC) on Thursday directed the Ministry of Power Division, NEPRA to address the issue of overbilling by reducing...
Re-emerging supply, lower demand push down oil refining margins
SINGAPORE: Profits on refining fuel oil have been hammered to multi-month lows over the past two weeks on emerging signs of growing...
Pakistan GasPort to recommence LNG supplies on Dec 8
LAHORE: Pakistan’s second LNG import terminal, established by Pakistan GasPort Consortium Limited (PGPC) at Port Qasim, Karachi, shall recommence gas supplies to...
Oil prices climb as US crude inventories fall
SINGAPORE: Oil prices inched up on Thursday on a decrease in U.S. crude inventories, but rising gasoline stocks and crude production weighed...