Oil prices sustain gains as markets move towards rebalancing
Tokyo: Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major...
Planning Integration
Last week’s announcement of Pakistan inaugurating a steering committee dedicated to integrated energy planning (IEP) – with the US support – is...
Humiliation continues: Pakistan slapped with another Rs11b partial penalty in IPP case
Islamabad: Humiliation seems to be becoming a new norm, as a local newspaper reported that London Court of Arbitration (LCA) has slapped...
Oil prices inch upwards ahead of key OPEC meeting
Seoul: Oil prices edged higher on Friday as the market waited to see whether major oil producers would extend supply cuts beyond...
LCCI laments increase in gas and electricity tariffs
Lahore: A local newspaper reported that Lahore Chamber of commerce and Industry (LCCI) criticized National Electric Power and Regulatory Authority and Oil...
OCAC reassures public about non-shortage of petrol
Karachi: Oil Companies Advisory Council (OCAC) on Thursday said there were adequate stocks of POL products in the country and ruled out...
Pakistan requests Karkey to withhold details about ICSID penalty
Islamabad: Karkey Karandeniz, which was awarded damages worth $700m by the International Centre for Settlement of Investment Disputes (ICSID) last month, has...
OGRA jacks up gas prices to meet revenue requirements of gas companies
ISLAMABAD
The Oil and Gas Regulatory Authority (OGRA) while setting the estimated revenue requirement of gas utilities has approved Rs 60 per Million...
Asian stocks fall, as dollar rises after Fed statement
Hong Kong: Asian shares were mostly lower while the dollar strengthened Thursday after the Fed said it would start trimming its bond...
OGRA sets UFG benchmark rate at 6.3pc for SNGPL and SSGC
Islamabad: A local newspaper reported Oil and Gas Regulatory Authority (OGRA) had permitted state-owned gas utilities to recover 6.3pc unaccounted-for-gas (UFG) losses...
Pakistan to pay $5.6 million monthly interest in Karkey RPP case
Islamabad: Aside the hefty $700m penalty slapped by ICSID last month in connection with Karkey Karadeniz case, Pakistan will also be paying...
KfW to keep providing assistance for development of water and hydro-electric projects in Pakistan
Lahore: A local newspaper reported that German financial institution KfW will keep providing assistance in the development of water and hydroelectric power...
Karkey awarded $700m damages in rental power plant case
Islamabad: A local newspaper reported that Turkish entity Karkey Karandeniz Eelktrik Uretim As, has been awarded damages worth $700m over the rental...
K-Electric posts Rs32.75bn profit
KARACHI
K-Electric (KE) held its 106th Annual General Meeting (AGM) for the FY 2016, chaired by Independent Director Khalid Rafi, in the presence...
Global oil prices fall slightly on news of rising US shale output
Singapore: Oil markets dipped on Tuesday, pulled down by rising U.S. shale output and fears that another hurricane hitting the Caribbean could...