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...
Govt to hold new round of bidding for petroleum exploration blocks
ISLAMABAD: The government under immense pressure from provinces has finally decided to hold a fresh round of bidding for petroleum exploration blocks...
Gasport, FBR locked in dispute over Rs1.5 billion custom duty payment
ISLAMABAD: The second LNG gas terminal which has been a bone of contention and controversy since its inauguration last month is now...
New SME policy to provide Rs6 billion for solar, hydro, wind energy projects
KARACHI: The government has made Rs6 billion available at a subsidized rate of 6 percent for renewable energy projects for hydro, solar,...
WAPDA introduces revised daily wages, contingent based appointment policy
ISLAMABAD: The Pakistan Muslim League-Nawaz government has approved the revision in the daily wages and contingent based appointment policy for Water and...
Blockchain empowers energy markets, as adoption widens
SINGAPORE: Â Energy startups have been using blockchain to power electricity sharing in microgrid trials from Texas to Tasmania for a year or...
Government accepts provinces demand to share oil and gas data
ISLAMABAD: The government according to sources has acceded to Khyber Pakhtunkhwa’s demand of providing it access to real-time oil and gas production...
IRSA to cut water supply to provinces from December 25Â
ISLAMABAD: Electricity load shedding might increase amid chilling weather as the Indus River System Authority (IRSA) has decided in consultation with the...
IRSA to close canals from Dec 26 to Jan 30 for de-silting
ISLAMABAD: The Indus River System Authority (IRSA) has decided in consultation with the provinces to close the canals for annual maintenance and...
PetroChina to acquire storage facilities, petrol pumps in Pakistan
BEIJING: PetroChina’s oil and gas trading arm aims to buy petrol stations and fuel storage facilities, setting up business in Pakistan, West Africa,...