Oil edges up on Saudi output cut and Iran sanctions, but slowing economic growth drags
In July, Saudi Arabia told the producer group of the Organization of the Petroleum Exporting Countries (OPEC) that it had curbed production by 200,000 barrels per day (bpd) to 10.288 million bpd
CNG prices likely to go down in Punjab
Ghiyas Abdullah Paracha, central chairman of the All Pakistan CNG Association (APCNGA) is reported to have said that CNG prices are likely...
Adverse weather causing transmission lines to trip, says power minister
KARACHI: Federal Minister for Power, Omar Ayub Khan on Thursday directed the authorities to investigate the matter of tripping of main transmission lines and...
PM orders investigation of Power Distribution Companies
The power distribution companies will come under the scanner as the Prime Minister Nawaz Sharif has instructed the relevant authorities to conduct...
Iran, Turkey, Russia ink oil cooperation agreement
TEHRAN
A tripartite oil partnership and investment agreement were signed in Moscow between Iran, Turkey and Russia.
The three-party oil deal was sealed between...
Senate panel approves new power bill surcharges to repay circular debt
Consumers to face higher electricity costs as surcharge cap lifted under IMF-aligned fiscal reforms
Weak distribution network blamed for power woes
Two units of Port Qasim with a capacity to generate 1,300MW electricity had developed a technical fault due to which they had ceased supplying power and Balloki power plant with 1,000MW capacity was operational for two days on a test run before going offline in the first week of June
NEPRA approves reduction in power tariff of Rs 1.96/unit
The National Electric Power Regulatory Authority (Nepra) on Thursday approved Rs1.96/unit reduction in the power tariff under fuel price adjustment for the...
Blockchain empowers energy markets, as adoption widens
SINGAPORE: Energy startups have been using blockchain to power electricity sharing in microgrid trials from Texas to Tasmania for a year or...
Rs1.27 per unit power tariff hike likely under April FCA
CPPA-G says power generation in April remained heavily reliant on costly imported fuels
ECC decides to allocate 10 mmcfd gas from Tolang field to SNGPL
The Economic Coordination Committee (ECC) meeting chaired by Finance Minister Ishaq Dar was held on Friday in which the decision to allocate...
At PSO, circular debt stops growing
Consumer spending recovery helps stabilize company; better policy results in at least a stemming of the bleeding; and electric charging stations help prepare for the end of the age of oil
ECNEC approves infrastructure projects before election year
The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved multi-billion rupees worth of mega projects in the transport and...
Government pledges guarantees of Rs175b for construction of third LNG pipeline
Islamabad: The government has pledged to provide guarantees worth Rs175b for building a third Liquefied Natural Gas (LNG) pipeline for provision of...
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...