15 projects of alternative energy to be completed by Nov 2018: Sardar Awais
ISLAMABAD: Power Minister Sardar Awais Ahmed Khan Leghari on Friday said 15 projects of alternative energy will be completed by November 2018,...
Puma Energy expands operation in Pakistan
KARACHI: Puma Energy, the globally integrated midstream and downstream energy company, has successfully concluded an agreement with the Chishti Group to acquire...
NTDC energises Port Qasim Transmission Line to evacuate power from Bin Qasim Coal Power Plant
ISLAMABAD: National Transmission and Despatch Company (NTDC) has energised the first phase of 500kV double circuit quad bundle transmission line from Port...
Asian shares fall as investors await new Fed leader
TOKYO: Asian stock markets were mostly lower on Thursday as investors awaited President Donald Trump’s announcement on his choice to lead the...
NEPRA rejects application of Nishat Energy to establish coal-fired power plant
ISLAMABAD: National Electric Power and Regulatory Authority (NEPRA) has rejected the application of Nishat Energy Limited (NEL) for the grant of generation...
Brent crude prices touch two-year highs
SINGAPORE: Brent crude oil prices were near two-year highs on Wednesday as OPEC has significantly improved compliance with its pledged supply cuts...
Saudi Arabia could jack-up crude prices in December
RIYADH: Top oil exporter Saudi Arabia will hike December crude prices for customers in Asia to levels last seen in 2013 or...
Asian stock markets rise on optimism over global economic growth
TOKYO: Asian shares were higher Wednesday on optimism about global economic growth following gains on Wall Street.
KEEPING SCORE: Japan’s benchmark Nikkei 225...
PPIB Board allows execution of IAS, SIAs for power projects on Thar coal
ISLAMABAD: A meeting of Private Power and Infrastructure Board (PPIB) on Tuesday allowed execution of Implementation Agreements (IAs) and Supplemental to Implementation...
PSO receivables stand above Rs306bn
ISLAMABAD: Rebirth of the menace of circular debt has been causing the cash-flow constraints for Pakistan State Oil (PSO) as receivables of...
Petrol prices likely to go up Rs2.49
ISLAMABAD:Â Oil and Gas Regulatory (OGRA) has suggested the federal government increase per litre cost of petroleum goods by Rs 15.99 and consumers...
Exxon Mobil’s exit to jeopardise Pakistan’s LNG plans
ISLAMABAD/LONDON: Exxon Mobil has pulled out of a major project in Pakistan, in a potential blow to plans to boost imports of...
Saudi prince backs extension of OPEC production cuts
RIYADH: Saudi Arabia’s crown prince says his country supports extending an agreement by major oil producers to limit output beyond next March.
Crown...
Exxon, Chevron profits surge as global oil prices rise
DALLAS: Buoyed by higher oil prices, profits are soaring at Exxon Mobil and Chevron.
Exxon said Friday that it earned nearly $4 billion...
Technology giants Microsoft, Google and Amazon lead stock rally
NEW YORK: Some of the biggest companies in the world had their best day in years Friday as Microsoft and Alphabet soared...