PAC directs ministry to address over-billing issue
ISLAMABAD: Public Accounts Committee (PAC) on Thursday directed the Ministry of Power Division, NEPRA to address the issue of overbilling by reducing...
Re-emerging supply, lower demand push down oil refining margins
SINGAPORE: Profits on refining fuel oil have been hammered to multi-month lows over the past two weeks on emerging signs of growing...
Pakistan GasPort to recommence LNG supplies on Dec 8
LAHORE: Pakistan’s second LNG import terminal, established by Pakistan GasPort Consortium Limited (PGPC) at Port Qasim, Karachi, shall recommence gas supplies to...
Oil prices climb as US crude inventories fall
SINGAPORE: Oil prices inched up on Thursday on a decrease in U.S. crude inventories, but rising gasoline stocks and crude production weighed...
Second LNG terminal disruption could cause gas shortage
KARACHI: A recently inaugurated second LNG terminal at Port Qasim, Karachi has suffered a major technical fault in its underground pipeline, resulting...
PSO ceases fuel oil imports citing drop in domestic demand
ISLAMABAD: Pakistan State Oil (PSO) has suspended imports of fuel oil after an abrupt drop in domestic demand as the country turns...
Non-viable KE tariff will retard industrial sector’s growth in Karachi: FPCCI
KARACHI: Karachi is home to some of the largest industries in Pakistan and makes a significant contribution to the country’s Gross Domestic...
Power Division suspends senior officials on violation of load shedding schedule
ISLAMABAD: Taking cognizance of the issue of violation of power load shedding management schedule being faced in many parts of the country,...
Energy ministry lifts ban on recruitment in BS-1 to BS-16 in power sector
ISLAMABAD: Good news for those aspiring to get a job in power sector should get ready to secure an opportunity as Ministry...
CDWP approves Attabad power project
GILGIT: The Central Development Working Party (CDWP) has formally approved Attabad power project of 32.5MW costing Rs 9.75 billion and has referred...
Ahsan for private sector to capitalize business opportunities under CPEC
ISLAMABAD: Minister for Interior, Ahsan Iqbal on Tuesday said private sector must play the role of an engine of growth under China...
Engro Elengy Terminals to reduce gas deficit of Pakistan by 30pc
KARACHI: As the conversion of fuel from diesel to liquefied natural gas (LNG) has started showing positive changes in the energy sector,...
Port Qasim Plant to provide cheapest electricity among all CPEC projects
KARACHI: Port Qasim Coal-Fired Power Plant has become the cheapest power generation unit among all power plants installed under the game-changing China-Pakistan...
Oil prices inch upwards, on expected fall in US crude stocks
SEOUL: Oil markets rose in early Asian trade on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after...
CDWP approves 17 projects worth Rs19.2bn
ISLAMABAD: The Central Development Working Party (CDWP) approved 17 projects of worth Rs 19.2 billion and forwarded 7 mega projects of worth...