PM urges foreign firms to avail exploration opportunities in Pakistan
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday urged the foreign companies to exploit the vast exploration opportunities in Pakistan as the...
Oil companies warn for halting operations to produce POL products
KARACHI: Almost all the oil refineries including Byco and Parco in Pakistan warned the government to stop production of Furnace Oil in...
Siemens Gamesa to supply 50 MW turbine generators for zephyr power
KARACHI: Â Siemens Gamesa will be supplying 25 units of G114 2.0 MW Wind Turbine Generators for Zephyr Power (Pvt.) Limited, which will...
NEPRA approves Rs 2.23 per unit cut in power tariff
ISLAMABAD: Good news for already burdened masses, National Electric Power Regulatory Authority (NEPRA) has approved Rs2.23 per unit reduction in the power...
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....
Asian stock markets flat, as Fed plots interest rate rise in US
TOKYO: Asian stock markets were largely flat on Thursday with investors in the U.S. markets going on a Thanksgiving holiday and the...
Oil prices slightly down, as US crude reaches two-year highs
SINGAPORE: Oil prices eased on Thursday, with U.S. crude dipping away from two-year highs reached the day before, but the shutdown of...
Tainted officer gets appointed to post of director general HDIP
ISLAMABAD: Controversial appointments seem to be a forte of the present government as it appointed a tainted officer, Muhammad Azam to the...
Refineries in crisis mode, as govt ponders ban on import of furnace oil
ISLAMABAD: Likelihood of a ban on import of furnace oil is under consideration by the government due to topped up storages and...
Induction of new power plants, electricity generation cost jacks up to 24pc
LAHORE: The average electricity generation cost has been swelled up to 24 per cent following the induction of new plants, a high-level...
AEDB approves certification regulation for net-metering
ISLAMABAD: The Alternative Energy Development Board (AEDB) has accorded approval to certification regulations for solar powered net metering in the country to...
LPG distributors association announces country-wide shutter-down strike on December 9
ISLAMABAD:Â The Liquefied Petroleum Gas Distributors Association of Pakistan (LPGDAP) has announced to hold a shutter-down strike on December 9, 2017, in all...
Oil prices stable, as rising US output hits OPEC cuts
SINGAPORE: Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC-led production cut was canceled out...
Circular debt exceeds Rs750b, as power sector faces liquidity crunch
ISLAMABAD: Circular debt in power sector has exceeded Rs750b out of which Rs421b falls in ambit of governments definition of circular debt...
PM Shahid Khaqan Abbasi inaugurates Pakistan’s 2nd LNG terminal
KARACHI: Pakistan expects the first cargo of liquefied natural gas (LNG) for its new terminal to be delivered on Friday, Prime Minister...