Asian stock markets down, following declines on Wall Street
HONG KONG: Asian shares sank Friday, following declines on Wall Street after a proposed delay to U.S. tax cut plan dented investor...
Pakistan-Malaysia sign IGA for LNG supply
ISLAMABAD: Pakistan on Thursday signed an Inter-Governmental Agreement (IGA) with Malaysia for provision of LNG supply at a ceremony held at Prime...
Govt imposes Rs 4,669 per ton levy on locally-produced LPG
ISLAMABAD: Apparently to benefit the importers at the cost of people using LPG as fuel, the government has notified imposition of petroleum...
Bifurcation of MEPCO, LESCO and PESCO after decisions by respective BODs: Awais LaghariÂ
ISLAMABAD: Power Division Federal Minister Sardar Awais Ahmed Khan Laghari has directed that bifurcation of MEPCO, LESCO and PESCO must be decided by the...
Watershed management helped to raise Mangla’s life to 269 years
LAHORE: Pakistan Water and Power Development Authority (WAPDA) Chairman Lt Gen (R) Muzammil Hussain on Wednesday visited Mangla Watershed Management Project to...
Oil prices steady but questions raised over recent bull run
SINGAPORE: Â Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC...
OCAC warns of legal action against Honda Pakistan
ISLAMABAD: Honda Pakistan on Wednesday was issued a warning by Oil Companies Advisory Council (OCAC) to take back its complaint about sale...
US envoy, minister discuss energy cooperation between Pak, US
ISLAMABAD: US Ambassador in Pakistan David Hale on Wednesday called on Power Division Federal Minister Sardar Awais Ahmed Khan Laghari here.
During the...
Power Division Minister orders inquiry against Rs2.45bn loss by Jamshoro Power Company
ISLAMABAD: Taking serious notice of Rs 2.45 billion loss allegedly registered by the Jamshoro Power Company (777 MW Jamshoro Power Plant) in...
Oil Tankers and Contractors Association to go on strike from Nov 13
KARACHI: All Pakistan Oil Tankers Association (APOTA) Chairman Yousuf Shahwani has said that the countrywide strike will start from November 13.
Yousuf Shahwani...
Market Daily: KSE100 gains 18.45 points as Sharif family is summoned by the court
LAHORE: The Pakistan Stock Exchange (PSX) ended around its open levels. The KSE 100 index jumped up 231.68 points to intraday high...
New oil, gas reserves discovered in Attock
ATTOCK: Pakistan Oilfields Limited has discovered new oil and gas reserves at TAL Block, increasing the hydrocarbon reserves of the country.
POL has...
Senate sub-committee for judicious fund utilisation in gas producing districts
ISLAMABAD: Sub-Committee on the Senate Standing Committee on Energy Monday underlined the need for judicious utilisation of development funds in oil and...
Oil prices reach two-year highs, as markets tighten, Saudi crackdown
SINGAPORE: Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented...
The cost of surplus power
Prime Minister Shahid Khaqan Abbasi recently said that the country would experience an electricity surplus in the region of 2,400-3,400 MW by...