Mega Conglomerate to acquire 15.8 percent stake of Dawood Hercules in Hubco
LAHORE: In another big acquisition news, Mega Conglomerate (Pvt) Ltd is set to acquire 15.8 percent stake that Dawood Hercules Corporation Limited...
Oil prices remain steady, after OPEC’s strict compliance with supply reduction pact
TOKYO: U.S. oil prices extended modest gains on Thursday as OPEC’s strong compliance with a supply reduction pact offset news that U.S....
Power consumers bearing the cost as Disco losses soar to Rs213 billion
ISLAMABAD: Power distribution companies have incurred over Rs213 billion in line losses over the past year, as power consumers bear the brunt...
Government jacks up petrol price by Rs2.98 per litre
ISLAMABAD: The government while passing on the partial increase to the consumers in oil prices on Wednesday passed on Rs 2.98 per litre increase...
OGDCL chairman addresses annual dinner 2018
ISLAMABAD: The annual dinner for officers of Oil and Gas Development Company Limited (OGDCL) was arranged by office bearers of OGDCL Officers’ Association...
Oil prices decline for third straight session, touch $68.33 per barrel
SINGAPORE: Oil prices fell for a third day on Wednesday after data from an industry body showed crude stocks rose more than...
Circular debt: Govt planning to clear power sector arrears yet again
ISLAMABAD: Another effort is afoot by the federal government to clear power sector’s circular debt which has soared to Rs525 billion due...
Petroleum prices may skyrocket to three-year highs
ISLAMABAD: Oil prices of various POL products are set to rally to their highest point since November 2014, with diesel expected to...
DISCOs incurring losses amounting to billions of rupees
LAHORE: PEPCO held a detailed review of the performance of all Distribution Companies during the month of December 2017. The progress of implementation...
OICCI urges government to make consistent policies to attract foreign investment
ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) on Monday said that there would be no load shedding incoming summer...
Only 256 MW added to national grid against allotment of over 41,000 acres land in Sindh
By Aftab Channa
KARACHI:Â In what seems a lethargic attitude of the provincial, as well as the private authorities towards the development of the...
Hascol Petroleum to pay $9.5 million to Mena Energy for out of court settlement
LAHORE: A bourse notification filed Monday by Hascol Petroleum Limited (HPL) announced it reached an out of court settlement with Mena Energy...
Route survey for North-South gas LNG pipeline finalized
ISLAMABAD: The route survey for laying 1100-kilometer gas pipeline from Lahore to Karachi (North-South) has been completed and the Price Negotiations Committee,...
Oil prices remain firm on back of weakening dollar
SINGAPORE: Oil prices held firm on Monday, supported by strong demand, a weak dollar and ongoing supply cuts lead by OPEC and...
WAPDA chairman discusses financing for WAPDA projects with French ambassador
LAHORE:Â The Pakistan Water and Power Development Authority (WAPDA) Chairman Lieutenant General (retd) Muzammil Hussain today called on the French Ambassador to Pakistan...