Load shedding expected to increase in coming months
LAHORE: Well placed sources in the Lahore Electric Supply Company (LESCO) have claimed that the city will face increased power outages in...
Pakistan requests Karkey to withhold details about ICSID penalty
Islamabad: Karkey Karandeniz, which was awarded damages worth $700m by the International Centre for Settlement of Investment Disputes (ICSID) last month, has...
Byco commissions country’s largest isomerisation plant
KARACHI: Byco's wholly owned subsidiary, Byco Isomerisation Pakistan (Private) Limited has commissioned the country's largest isomerisation plant.
Byco has employed a superior technology...
‘Rs51bn recovered from power sector in four months’
ISLAMABAD:Â Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51...
G20 energy ministers to hold video conference on Friday
Energy ministers from the Group of 20 major economies will convene an extraordinary meeting by video conference on Friday “to ensure energy...
Oil and gas sector to be focus of attention in today’s ECC meeting
Islamabad: The first meeting of the reconstituted Economic Coordination Committee (ECC) has been called on Tuesday, by the PM Shahid Khaqan Abbasi.
The...
Rising gas imports likely to increase pressure on forex reserves
The government is increasingly relying on gas imports to meet energy needs of various sectors, as a slowdown is witnessed in oil...
ICCI calls for decrease in sales tax on POL products
ISLAMABAD:Â The business community here on Tuesday urged the government to withdraw increases in sales tax on some petroleum products, since the price...
SHC seeks govt, OGRA reply in petroleum price hike case
KARACHI:Â The Sindh High Court (SHC) on Monday has sought comments from the Ministry of Petroleum, and the Oil and Gas Regulatory Authority...
Satpara dam project to be handed over to G-B Government
ISLAMABAD: Satpara Dam project would be handed over to the government of Gilgit-Baltistan within six months as per framework decided by WAPDA...
Electricity access to least developed countries could bring them out of poverty: UN report
BANGKOK: The world’s least developed countries need access to electricity if they are to break out of poverty, according to a U.N....
France to provide €180m loan for NTDC projects in Sialkot, Arifwala, and Vehari
Loan will support NTDC in its transmission mandate to provide reliable and efficient power supply in major cities of Punjab
Feasibility study underway to set up gas storage facilities: SAPM
ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar said on Friday that the government has initiated a feasibility study...
Govt mulls decreasing electricity, gas distribution deficit
ISLAMABAD:Â The Pakistan Tehreek-e-Insaf (PTI) government is mulling to decrease the widening deficit of electricity and gas distribution in a bid to control...
Govt raises GST on petrol and high-speed-diesel
Islamabad: With the government keeping  the prices of petroleum products unchanged for August, it has decided to hike general sales tax (GST)...