K-Electric profit slips in July-Sept quarter
The Board of Directors of K-Electric Limited (KE), in its meeting held recently at the KE head office, approved the company's financial...
$139bn bonanza in pipeline for oil services providers in Middle East
LONDON: GCC and global oil services and equipment providers are cashing in on an upswing in capital spending in Middle Eastern oil...
Karachi Electric: Financial misstatements?
The name of the electric company has been making the rounds in several newspapers after a former board member wrote a letter to the Pakistan Stock Exchange (PSX) concerning Karachi electric. In response the company has initiated a case against the former for defamation
Brent crude touches four-year high, as Iran sanctions loom
Benchmark Brent crude oil futures rose to as much as $83.27 a barrel and were at $83.21 at 0339 GMT, up 48 cents, or 0.6 percent from their last close
Explore public-private partnership for RLNG-III project: ECC
ISLAMABAD: The petroleum division has been asked by Economic Coordination Committee (ECC) for financing Rs175 billion RLNG-III pipeline via public-private partnership.
The pipeline...
LNG is the future and only option to save foreign exchange for Pakistan: Iqbal Z Ahmed
By 2020, it is anticipated the country’s LNG imports will rise to 30 million ton
Inject Rs400b into power sector for avoiding shutdown of power plants, says Senate panel
Cumulative receivables till the end of June 2018 ratcheted up to Rs824.3 billion, rising from Rs670 billion in FY17, said the report
Govt-owned shares in OGDCL to be divested by 10pc to attract international investment
ISLAMABAD: The Privatisation Commission undertook a proposal of divestment of 10 percent shares of the Oil and Gas Development Company Ltd (OGDCL)...
Parliamentary panel on energy directs Ministry of Energy and Nepra to resolve deadlock
Islamabad: A local newspaper has reported that proposed changes in Regulation of Generation, Transmission and Distribution of Electric Power Bill 2017 has...
Second LNG terminal set to commence operations by November 24th
ISLAMABAD: Preparations are complete for the opening of Pakistan’s 2nd Liquefied Natural Gas (LNG) terminal at Port Qasim as Pakistan LNG Terminals...
PSO receivables balloon to Rs345 billion
According to PSO, receivables include Rs268.5 billion from the power sector, Rs43.9 billion from Pakistan International Airlines (PIA) and government and Rs32.6 billion from the Sui Northern Gas Pipeline Limited (SNGPL)
Government reimposes electricity surcharge, as circular debt soars
LAHORE: The government has imposed a surcharge on electricity consumers to pay off liabilities owed to power producers and to finance the...
Mitsubishi keen to enhance investments in Pakistan, PM told
PM reiterates his commitment to creating a business-friendly environment for foreign investors
ISLAMABAD:Â Kimihide Ando, the chief executive of Japan's largest trading company,...
Govt allows private sector to promote LNG
As per sources in the Ministry of Petroleum and Natural resources, private sector organizations will be permitted to market imported gas under...
Govt plans to adopt environment friendly fuel, might face resistance from refineries
The government is looking to upgrade fuel used in Pakistan to a more environment friendly Euro-5 standard in a bid to counter...