Solar energy adoption could save Pakistan around 6,000MW of electricity
LAHORE: Promotion of solar energy can save up to 6,000 megawatts of electricity of the national grid, besides reducing load from the power distribution system.
Institute of...
Govt pledges gas sector reforms won’t damage SNGPL returns
ISLAMABAD: The government has promised Sui Northern Gas Pipelines Limited (SNGPL) that its proposed gas sector reforms won’t impact the company, shareholders...
Exxon eyes foray into Egypt’s offshore oil and gas reserves
VIENNA: Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and...
Powerful smog
Earlier this month the PM2.5 levels in Lahore went beyond 1,000 micrograms per cubic meter, which is 30 times more than the...
Dewan Motors introduces all-new BMW 5 Series at German CG Karachi
KARACHI: Dewan Motors with German Consul General, Rainer Schmiedchen on Friday evening launched the all-new BMW 5 Series at a dinner at...
Exxon Mobil merging oil refining, marketing divisions to boost profits
TEXAS: Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring...
OGRA starts consultative sessions for review of existing gas tariff scheme
ISLAMABAD: Oil and Gas Regulatory Authority in partnership with World Bank (WB) has launched a series of consultative sessions across Pakistan to...
Wall Street regains composure after initial slide
NEW YORK: Wall Street took investors on a turbulent ride Friday as stock indexes veered into a steep slide that knocked 350...
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...
OPEC cartel decides to extend production cut till end-2018
VIENNA: The OPEC cartel and a group of allied oil-producing nations agreed Thursday to extend crude output cuts until the end of...
Pakistan holding talks with France, Italy & Spain for LNG supplies
ISLAMABAD: Pakistan is in talks to import liquefied natural gas (LNG) from France, Italy and Spain, a senior Pakistani source said, raising...
US Embassy to lead Pakistani delegation on power generation
ISLAMABAD: US Embassy Economic Counselor William Laitinen will be leading a delegation of the Pakistani government and business officials to participate in...
PSO suspends fuel supply to PIA in Karachi and Islamabad, later restored
KARACHI: Pakistan State Oil (PSO) on Thursday suspended fuel supply to the national flag carrier Pakistan International Airlines (PIA) in Karachi and...
Sindh to establish its ‘first-ever’ RLNG power plant
KARACHI: Sindh is in negotiations with the federal government for establishment of its first ever re-gasified liquefied natural gas power plant of...
Oil markets edgier, as OPEC set to meet in Vienna
SINGAPORE: Oil markets opened cautiously on Thursday ahead of the outcome of an OPEC meeting in Vienna later in the day, with...