PPL signs gas sales agreement for Kandhkot
ISLAMABAD: Pakistan Petroleum Limited (PPL) executed a Gas Sales Agreement with Central Power Generation Company Limited (CPGCL) also known as GENCO II...
ADB smart meter project hits snags
Islamabad: The $400m smart meter project championed by Asian Development Bank (ADB) has hit snags, as the scheme is said to be...
ECC okays power tariff hike of Rs0.30 per unit
The Economic Coordination Committee (ECC), in its meeting held under the chair of Adviser to Prime Minister on Finance and Revenue Dr...
Dawood Hercules selling its shareholding in Hubco to acquire 45 percent stake in Edotco Pakistan
KARACHI: Dawood Hercules Corporation Limited (DHCL) is selling its 14.91 percent stake in Hubco and is planning to use its proceeds to...
Six OMCs granted permission to operate in 2018-19: OGRA report
ISLAMABAD: The annual report for Oil and Gas Regulatory Authority’s (OGRA) performance for the year 2018-19, was issued on Tuesday.
According to the...
Shanghai Electric mulls acquiring 66.4pc stake in K-Electric
KARACHI: K-Electric (KE) has received a fresh Public Announcement of Intention (PAI) from Shanghai Electric to acquire 66.4 per cent voting shares...
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...
AEDB signs agreement for 11 wind power projects
Alternative Energy Development Board (AEDB) has signed an agreement for the construction of 11 wind power projects which would generate 550 megawatts...
Petrol, diesel sales remain robust across July and August despite public outcry
Both soar year-on-year whilst furnace oil takes poundingÂ
Water crunch impacts cotton production in various districts of Sindh
A drought-like situation has arisen in the districts of south-east of Sindh after the Irrigation Department decreased water flows to 3,000 cusecs from 12,000 in the Nara Canal head
OGDCL profits increase 16.25pc during first quarter of FY 2017-18
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) reported Rs 17.009 billion profit during first quarter of financial year 2017-18 compared to Rs...
Oil prices dip from 2014 highs, as U.S oil production rises
SINGAPORE: Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by...
Oil import bill grows by around 15% to $7.6 billion in July-December FY18-19
According to PBS data, imports from approximately all of the categories leaving agricultural and petroleum groups contracted in the first half of current FY18-19
Vopak acquires 29 percent stake in ETPL for $38 million
Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.
Oil extends losses as economic slowdown concerns return
Oil extended losses on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi...