Ogra recommends Rs4.06 per litre hike in petrol prices for January
ISLAMABAD: Oil and Gas Regulator Authority (OGRA) has forwarded summary to the government for raising prices of petroleum products from five to...
Brent crude ends year with 17pc gain, as WTI crude crosses $60
CALGARY: U.S. oil prices closed above $60 a barrel on the final trading day of the year, the first time since mid-2015,...
Unplanned load shedding would not be tolerated: Leghari
ISLAMABAD: A meeting under the chairmanship of Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari was held here in Islamabad...
Oil tankers resume supply to hard areas after increase in freight rates
CHITRAL: The protesting oil tankers have resumed supply to hilly areas after the government accepted their demands and agreed to enhance the...
CPPA authorised to sign interim agreement for four IPPs on RLNG production
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday authorised the Central Power Purchasing Agency (CPPA) to sign an interim agreement on revised...
OGDC makes gas discovery in Baratai block, Kohat, Khyber-Pakhtunkhwa
LAHORE: A bourse notification filed Friday by Oil and Gas Development Company (OGDC) revealed the joint venture of Baratai Block in which...
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...
LCCI opposes suggestions for increase in POL prices
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has demanded the government reject any suggestion for increase in petroleum products (petrol, oil...
NEPRA scales down power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) approved a reduction in power tariff of Rs 3.11 per unit on account of...
Profit, dividend repatriation increased 28.9 percent during July-Nov 2017
KARACHI: State Bank of Pakistan on Wednesday released data pertaining to profit and dividend repatriation on foreign direct investment (FDI) which rose...
Dewan Petroleum given clean chit in Rs36 billion gas pricing dispute
ISLAMABAD: A dispute which erupted after a rise in well-head gas price regarding Dewan Petroleum has been resolved after an arbitrator appointed...
Oil prices steady, as trading activity dries up ahead of new year
SINGAPORE: Oil prices were stable on Thursday with trading activity drying up ahead of the New Year weekend.
Heading into 2018, traders said...
Questions over GE’s power turbines performance being raised in Pakistan
ISLAMABAD/SINGAPORE: General Electric’s flagship gas turbines ran into problems in Pakistan earlier this year, leading to delays and lengthy outages at three newly...
11, 000MW electricity to be added to grid by June 2018: Awais Leghari
ISLAMABAD: Federal Minister for Power Awais Ahmed Leghari on Tuesday said that after the completion of the mega hydel-power project of Neelum...
Second LNG terminal resumes operations, helps to plug critical gas deficit in winters
ISLAMABAD: Beset by troubles since its inception, the second LNG terminal at Port Qasim, Karachi has got fixed and over 400mmcfd of...