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...
Govt announces equal distribution of electricity
ISLAMABAD: Minister for Power Division Sardar Awais Ahmad Leghari has declared five thousand two hundred ninety-seven feeders as load shedding free from...
Petroleum crude exports increase by 52.76pc
ISLAMABAD: Country’s petroleum crude exports increased by 52.76 per cent during the first quarter of the current fiscal year (July-September) as compared...
Oil prices drop, remain close to their highest since mid-2015
TOKYO: Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their highest...
Solar energy adoption could save Pakistan around 6,000MW of electricity
LAHORE: Promotion of solar energy can save up to 6,000 megawatts of electricity of the national grid, besides reducing load from the power distribution system.
Institute of...
Govt pledges gas sector reforms won’t damage SNGPL returns
ISLAMABAD: The government has promised Sui Northern Gas Pipelines Limited (SNGPL) that its proposed gas sector reforms won’t impact the company, shareholders...
Exxon eyes foray into Egypt’s offshore oil and gas reserves
VIENNA: Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and...
Powerful smog
Earlier this month the PM2.5 levels in Lahore went beyond 1,000 micrograms per cubic meter, which is 30 times more than the...
Dewan Motors introduces all-new BMW 5 Series at German CG Karachi
KARACHI: Dewan Motors with German Consul General, Rainer Schmiedchen on Friday evening launched the all-new BMW 5 Series at a dinner at...
Exxon Mobil merging oil refining, marketing divisions to boost profits
TEXAS: Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring...
OGRA starts consultative sessions for review of existing gas tariff scheme
ISLAMABAD: Oil and Gas Regulatory Authority in partnership with World Bank (WB) has launched a series of consultative sessions across Pakistan to...
Wall Street regains composure after initial slide
NEW YORK: Wall Street took investors on a turbulent ride Friday as stock indexes veered into a steep slide that knocked 350...