Distribution companies seek 63 paisa per unit power tariff hike
NEPRA has called a hearing on 23rd January to consider the proposed adjustment for December 2018
ISLAMABAD:Â Power distributing companies (DISCOs) have asked...
Oil prices rise on Venezuelan supply concerns following U.S. sanctions
The gains followed a 2-percent price jump in the previous session when markets first digested the U.S. sanctions on Venezuela’s oil exports
PM extends gas connections to areas of influential politicians
Prime MinisÂter Nawaz Sharif has relaxed the moratorium on gas connections for 55 constituencies of influential politicians and federal ministers since May...
2015-16 gas consumption and production figures released by OGRA
According to a report published by Oil and Gas Regulatory Authority (OGRA), Balochistan produced 17pc of the total natural gas in the country;...
UNIDO organises Biomass Policy Stakeholder workshop
The United Nations Industrial Development Organisation (UNIDO) in collaboration the Alternative Energy Development Board (AEDB) organised a stakeholder workshop pertaining to biomass...
NEPRA approves Rs 1.82/unit cut in power price
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved a reduction in power tariff by Rs 1.82 per unit on account of...
Saudi Arabia’s $300 billion privatization program hits snags
RIYADH: Saudi Arabia’s $300-billion privatization program was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his...
Oil prices peak, as US production falls
SINGAPORE: U.S. oil prices hit their highest levels since mid-2015 on the last trading day of the year as an unexpected fall...
Oil prices decline, on back of weak Chinese, Japanese industrial data
TOKYO: Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower...
PLL negotiating LNG deal with Azerbaijan’s oil company
ISLAMABAD: Pakistan LNG Limited (PLL) is negotiating the supply of Liquefied Natural Gas from State Oil Company of Republic of Azerbaijan (SOCAR)...
Oil inches down but Brent ends week firmer on Iran concerns
* Brent hits third straight weekly rise, WTI falls this week
* Prices set for 5-6 pct monthly gain on fears over Iran sanctions
Govt releases Rs150 bn to IPPs without pre-audit checks
ISLAMABAD:Â Sources close to the Power division have revealed that the Ministry of Power has released around Rs150 billion to Independent Power Producers...
Oil prices mixed; Brent eases as trade tensions weigh
Brent crude futures fell 5 cents to $74.24 a barrel, after notching up a 1.7 percent weekly increase last week, the first gain in four weeks
Circular debt in power sector surges to record high of Rs1.155 trillion
Line losses were recorded at 18.3 percent against an allowed limit of 16.3 percent, with the additional cost of Rs196 billion per annum passed unfairly onto consumers
Asian stocks gain after Fed chief hits rate rises may slow
The Shanghai Composite Index rose 0.6 percent to 2,605.27 and Tokyo’s Nikkei 225 advanced 0.9 percent to 22,378.46