Pakistan is largest beneficiary of Chinese concessional loans
ISLAMABAD: Over $4 billion in concessional loans have been given by China to Pakistan for current infrastructure projects and additional $8b are...
Country’s electricity transmission system still being run on obsolete, risky mechanism
LAHORE: Despite claims and promises of the government, country’s electricity transmission system still is being run on an obsolete and risky mechanism,...
Massive irregularities in LNG supply contract unearthed
ISLAMABAD: A joint audit special study has unearthed several irregularities and raised serious questions over the purchase of Liquefied Natural Gas (LNG)...
Azad Pattan hydro-power project to add 700MW of electricity by 2022
KARACHI: To raise the share of hydropower production in the total energy mix, Pakistan will be adding around 700 megawatts in Azad...
660 megawatt Thar coal-fired power plant to be operational by Dec 2018
KARACHI: An interactive session was organized on Friday by Sindh Engro Coal Mining Company (SECMC) at Governor House, Karachi.
While presiding the session,...
Transboundary dispute with India, root cause of China not financing Diamer-Bhasha Dam
ISLAMABAD: Due to lingering transboundary dispute with India, China has refused to provide financing for Diamer-Bhasha Dam, following in the footsteps of...
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...