Saudis ready to swing oil market into deficit
MOSCOW: Saudi Arabia is undergoing a truly seismic shift in its economy, politics, and society, all thanks to the oil price crash...
ICCI calls for reducing power losses to save industry from load shedding
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to take urgent measures for reducing power sector...
Khawaja Asif meets Gazprom chairman, agree to enhance cooperation
ISLAMABAD: Foreign Minister Khawaja Muhammad Asif met Gazprom Chairman Alexey Miller in Saint Petersburg, on Thursday, during his official visit to the...
World Bank debars Pak Elektron for 33 months
LAHORE: Pak Elektron (PAEL), its affiliates PEL Marketing (Private) Limited, Kohinoor Power Company (KOHP), and its former general manager have been debarred...
TAPI gas pipeline set to enter Afghanistan From Turkmenistan
ISLAMABAD: Turkmenistan has completed construction of gas pipeline in its section under TAPI project, following which a groundbreaking ceremony is scheduled to...
Oil prices inch up, after unexpected fall in U.S crude stocks
SINGAPORE: Oil prices edged up on Friday, supported by lower U.S. crude inventories, but gains were capped by a surge in U.S....
Pakistan power sector losses will bulge to Rs360 billion in 2018
ISLAMABAD: As the government tall claims of ending power outages continue, Pakistan’s power sector losses are expected to touch Rs360 billion in...
PPL challenges Petroleum Division SRO in IHC
LAHORE: In a notification to the Pakistan Stock Exchange (PSX), Pakistan Petroleum Limited (PPL) has challenged an unnumbered SRO by the Ministry...
FPCCI hails Haroon Akhtar’s statement on coal power projects
ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ghazanfar Bilour has hailed statement of Special Assistant to Prime Minister...
JCR-VIS reaffirms OGDCL’s rating at AAA and A-1 plus
KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the medium to long-term entity rating of Oil and Gas Development Company Limited (OGDCL)...
MOL spends Rs90mn on water supply schemes
PESHAWAR: MOL Pakistan Oil and Gas Company has spent over Rs90 million till date to ensure the provision of clean drinking water...
Government to fully support Thar coal power projects
ISLAMABAD: Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan on Wednesday assured full government support for the timely completion of...
WAPDA completes Harpo Skardu hydropower project feasibility report
ISLAMABAD: Water and Power Development Authority (WAPDA) has completed feasibility report of 34.5MW capacity Harpo Skardu hydropower project.
This was stated by Project...
LPG prices to reduce by Rs15 next month: Irfan Khokhhar
LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Liquefied Petroleum Gas (LPG) Chairman Irfan Khokhhar on Sunday...
OGDCL net sales revenue increases by 18pc to Rs95.960bn
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) net sales revenue increased by 18 per cent to Rs95.960 billion compared to Rs81.081...