ADB $900m loan faces bureaucratic hurdles and procedural delays
Islamabad: A local newspaper reported that $900m Asian Development Bank (ADB) funding approved for Pakistan has been affected by bureaucratic hurdles and...
Monster of circular debt resurfaces, goes beyond Rs729bn
ISLAMABAD
Despite tall claims of good governance by Pakistan Muslim League-Nawaz (PML-N) government, the menace of circular debt has resurfaced once again to...
Chinese entity to setup coal-fired power plant in Gwadar
Karachi: National Electric Power Regulatory Authority (NEPRA) has accepted the application of China Communications Construction Company Limited (CCCC) for setting up a...
Gasoline consumption went up during FY 2016-17
Islamabad: Gasoline consumption went up during last financial year 2016-17, according to a senior finance ministry official reported a local newspaper.
The official attributed...
Global oil prices near 5-month highs on forecasts of rising demand
New York: Brent oil prices held near five-month highs on Friday, and were on track for the biggest weekly gain since late...
SNGPL shuns KPMG report on UFG losses
Islamabad: Sui Northern Gas Pipelines Ltd (SNGPL) has shunned KPMG Taseer Hadi and Co’s report pertaining to unaccounted for gas (UFG) losses...
Petrol shortage feared as stocks fall to alarmingly low level
Islamabad: A local newspaper reported that falling stocks of POL products could lead to a shortage over the next few days.
All POL stocks...
PM directs power ministry, heads of DISCOs to improve efficiency
ISLAMABAD
Prime Minister Shahid Khaqan Abbasi Friday directed Ministry of Power and the heads of the power distribution companies (DISCOs) to come up...
OGDCL profits disappoint as increase of 6.3pc reported for FY 2016-17
Karachi: In a notification sent to the bourse on Friday, Oil and Gas Development Company Ltd announced its results for the financial...
Pakistan Petroleum Ltd profits surge by 107pc for FY 2016-17
Karachi: In a notification sent to the bourse on Friday, Pakistan Petroleum Limited (PPL) announced its results for the financial year 2016-17...
Senators raise questions over perks being granted to PSO MD
 Islamabad: Senators on Wednesday questioned the salary, allowances and perks being  enjoyed by Pakistan State Oil (PSO) Managing Director Imranul Haque.
During the...
KPMG report suggests OGRA to permit 7.1pc UFG allowance for SSGC and SNGL
Karachi: Consultant KPMG Taseer Hadi and Co hired by Oil and Gas Regulatory Authority to provide independent advice for the proposed breakup...
SSGC intensifies effort to control natural gas theft
KARACHI
Spurred on by the Gas Theft Control and Recovery Act 2016, passed by the current National Assembly, SSGC has intensified its efforts...
Govt finalises plan to end electricity crisis prior to elections 2018
ISLAMABAD
The federal government has finalised a plan to end electricity crisis prior to next general elections in the country by rationalising the...
OGDCL, MOL Group sign MoU on strategic cooperation
ISLAMABAD
The Oil and Gas Development Company Limited (OGDCL) and MOL Group have announced forming a strategic cooperation initiative for evaluating future potential...