KAPCO acquires 17.37pc stake in Hubco for Rs22b
KARACHI: According to a bourse notification sent on Friday, Dawood Hercules Corporation has divested 17.37pc of its stake in Hub Power Company...
PM Abbasi directs closure of less-efficient power plants
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Friday directed that less-efficient power plants should be closed and oil-based plants should be converted...
Pakistan Petroleum Limited settles court case with AROL
KARACHI: In a notification sent to the bourse on Friday, Pakistan Petroleum Limited (PPL) announced a settlement of a court case with...
OGDCL profits increase 16.25pc during first quarter of FY 2017-18
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) reported Rs 17.009 billion profit during first quarter of financial year 2017-18 compared to Rs...
Oil prices slightly down as US oil exports rose last week
TOKYO: Oil prices inched lower on Thursday, pressured by an unexpected increase in U.S. crude inventories and as oil output and exports...
PPIB approves 1,250MW LNG, 132MW hydropower projects for Jhang and AJK
ISLAMABAD: Another LNG power project of 1,250-megawatt capacity near Jhang has been approved by Private Power and Infrastructure Board (PPIB) on Wednesday.
Also,...
PPL signs gas sales agreement for Kandhkot
ISLAMABAD: Pakistan Petroleum Limited (PPL) executed a Gas Sales Agreement with Central Power Generation Company Limited (CPGCL) also known as GENCO II...
Hubco obtains $1.5b financing from China Development Bank for 1.32GW power plant
CHENGDU: Pakistan’s Hub Power Holdings Ltd (Hubco) has obtained $1.5b financing from a consortium of banks led by China Development Bank for...
Oil prices near four-week highs, as Saudi Arabia seeks to end supply glut
TOKYO: Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia...
Iran seeks revival of IP gas pipeline project
ISLAMABAD: Iran has again requested Pakistan to revive the Iran-Pakistan (IP) gas pipeline project amidst fierce opposition by Saudi Arabia and the...
Imprisonment up to 3 years for those involved in overbilling and wrong billing
-- NA standing committee approves 'The Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill 2017'
ISLAMABAD:Â Power Division Federal Minister Sardar...
Rs1914.770mn released for petroleum sector to date
ISLAMABAD: The government has so far released Rs 1914.770 million for the Petroleum and Natural Resources Division under the Public Sector Development...
Govt embarks upon programme of capacity expansion to meet growing energy requirements
-- Ansaldo Energia expresses interest in energy and water projects
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi received Ansaldo Energia Chairman Giuseppe Zampini here on...
PSO announces 1st quarter results, reports 33.7 per cent growth
KARACHI: Pakistan State Oil (PSO), the leading energy company in Pakistan, posted its profit of Rs 258.6 billion, up from 33.7 per...
Gaslight at the end of PSX tunnel
The week ending on October 14 had been precarious for the PSX and investors as political tensions gave the market a good...