Government losing Diamar Bhasha dam’s land as execution of project delays
ISLAMABAD: Despite paying around Rs 64.8 billion in terms of compensation of land, the government starts losing the acquired land of Diamar Bhasha...
97.5 percent work concluded on Neelum-Jhelum Hydropower project
ISLAMABAD: Over 97.5 per cent work has already been completed on the strategically important 969 MW Neelum Jhelum Hydropower Project and its wet...
Brent crude touches 2018 low, as oil prices ease
SINGAPORE: Oil prices eased on Thursday, taking Brent crude to a 2018 low, as soaring U.S. output undermined OPEC’s effort to tighten...
WAPDA’s debt surged 331pc by end of December 2016: SBP
KARACHI: A recently released report by State Bank of Pakistan revealed Water and Power Development Authority (WAPDA), debt surged by 331 percent,...
Fatima Energy to be investigated for receiving “special favours”
Islamabad: A four-member committee has been established by cabinet division to investigate misconduct in inter-changeability of Fatima Energy Limited from co-generation policy...
Pakistan to suffer severe LPG crisis if advance tax, regulatory duty not resolved
ISLAMABAD: All Pakistan LPG Distributors Association (LPGDA) Chairman Irfan Khokhar Tuesday underlined the need for withdrawal of 5.5 per cent advance tax...
Byco successfully begins operations at reformer of oil refining complex
LAHORE: A bourse notification filed Tuesday by Byco Petroleum disclosed operations at its reformer of oil refining complex Il (ORC Il) have...
Oil prices tumble 1 percent, as global financial markets turbulent after rout
SINGAPORE: Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled...
ISGSL MD’s 3rd consecutive appointment raises eyebrows
ISLAMABAD: Nepotism is allegedly ruling the roost in Petroleum Division of the Energy Ministry, as Mobin Saulat is appointed as Inter State...
Engro set to benefit from coal extraction, despite environmental concerns
As the rest of the world moves away from non-renewable sources of energy, Engro, Pakistan’s largest private-sector conglomerate, expects to benefit from...
Sindh demands adequate representation on board of new split-up gas companies
ISLAMABAD: In a breakthrough of proposed splitting up of gas distribution companies, the Sindh government has given its conditional nod given provinces...
Oil prices dip, as US dollar surges
NEW YORK: Oil prices fell on Friday as the dollar surged following strong U.S. jobs numbers, though compliance with output cuts by...
Machike-Tarujabba oil pipeline being laid to avoid tragedies like Ahmedpur East
ISLAMABAD: Managing Director Inter State Gas Systems (Pvt) Limited (ISGSL) Mobin Saulat Friday said laying of 427-kilometer Machike-Tarujabba oil pipeline would help...
Govt may withdraw power subsidy to industries
ISLAMABAD: The Rs3 per unit (KWh) subsidy extended to the industrial sector granted by the former Prime Minister Nawaz Sharif in 2015...
Heads of electric supply companies removed over skyrocketing losses
ISLAMABAD: The Power Division has removed from position heads of four electric supply companies of the country for not containing losses in their...