Parliamentary panel gives govt two weeks to clear its stance on circular debt
ISLAMABAD: The Senate’s Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control Tuesday gave two-week time to the Ministry of Power...
Govt released Rs3.612 million for petroleum sector from July-November
ISLAMABAD: The government has released Rs3612.280 million for the Petroleum and Natural Resources Division under the Public-Sector Development Programme (PSDP 2017-18) during...
Pakistan’s first tariff-based auction for solar power project announced in Sindh
KARACHI: The Sindh government has announced to launch a tariff-based auction to develop a 50 megawatt (MW) solar power project in the...
North-South gas pipeline’s BOOT agreement being negotiated
ISLAMABAD: Pakistani and Russian experts are in process of holding negotiations on Build-Operate-Own-Transfer (BOOT) agreement to lay an 1100 kilometre gas pipeline...
Cabinet Committee on Energy agrees on amendments related to power tariff
ISLAMABAD: The Cabinet Committee on Energy on Tuesday decided to introduce suitable amendments in the existing policy framework to address various issues...
EETPL signs LSA with SSGC for additional gas
KARACHI: Engro Elengy Terminal Private Limited (EETPL) signed an LNG Supply Agreement (LSA) with Sui Southern Gas Company (SSGC) for the provision...
Oil prices reach two-year peaks, after North Sea pipeline fault
LONDON: Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline...
Dawood Lawrencepur to invest Rs280 million in Reon Energy
LAHORE: A bourse notification on Monday revealed Dawood Lawrencepur Limited’s (DLL) Board of Directors have approved investment of Rs280 million by subscription...
Govt to raise over Rs2 billion by petroleum levy imposition on LPG imports
ISLAMABAD: The government’s decision to levy regulatory duty on locally produced and imported liquefied petroleum gas (LPG) is expected to raise over...
OCAC issues warning of “fuel crisis”
ISLAMABAD: News of fuel crisis is again in the offing as oil companies warned about imminent closure of local refineries over the...
Oil prices slip, as US crude output rises
SINGAPORE: Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase...
IPPs payables rise to Rs205 billion
LAHORE: Independent Power Producers overdue payables (IPPs) owed by the government have swelled to Rs205 billion by the end of November.
The energy...
Iraq, Iran sign Kirkuk oil export contract: Iraqi oil official
DUBAI: Iraq has signed an agreement with Iran to export crude oil from its Kirkuk oilfield with a rate of between 30,000...
PSX saw three IPOs in 2017, five in pipeline for 2018
LAHORE: As the year end looms, Pakistan Stock Exchange has had its fair share of achievements and heartbreaks, but a Topline Security...
FBR levies regulatory duty of Rs4,669 per ton on imported LPG
KARACHI: To fill its coffers, Federal Board of Revenue levied a regulatory duty of Rs4,669 per ton on liquefied petroleum gas (LPG)...