Jet fuel shortage looms, as PSO faces supply crunch
ISLAMABAD: Jet fuel shortage is now on the horizon as poor planning and mismanagement has disrupted refineries and jeopardized their operations.
This follows...
Pakistan & Russia to sign multi-billion dollar off-shore gas pipeline project
ISLAMABAD: Pakistan has agreed upon signing a multi-billion-dollar offshore gas pipeline deal with Russia in coming few weeks.
This happened on the sidelines...
7th JCC meeting details revealed by Chinese diplomat
Karachi: The beans have been spilt, as a full list of several projects and agreements finalized during 7th Joint Cooperation Council (JCC)...
Oil prices fall as US dollar strengthens
SINGAPORE:Â Oil prices dipped on Friday as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year.
U.S....
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...