Hascol signs Aviation Operations and & Technical Services agreement with Vitol Aviation B.V
Hascol Petroleum has entered into a five-year aviation operations & technical services agreement with Vitol Aviation B.V Netherlands.This was notified through by...
Cost of electricity production up by 25% owing to rising oil prices
Despite government’s efforts of increasing electricity production in the country, the cost of electricity continues to increase. In January alone, the cost...
PSX sheds 500+ points as international oil price falls below $50/barrel
At about 3 p.m. local time, international crude oil prices fell below $50, reaching a low of $49.24/barrel, the lowest since December...
Hascol Petroleum to set up storage facility in Baluchistan
Hascol Petroleum Limited has announced in a notice sent to the Pakistan Stock Exchange (PSX) that it has entered into a 30-year...
NPLs fall in the last quarter of CY2016
Non-performing loans (NPLs) went down in the last quarter of the calendar year 2016 while small and medium enterprises (SMEs) continued to...
WAPDA signs contracts worth Rs 180 billion for Dasu Hydropower Project
The Water and Power Development Authority (WAPDA) on Wednesday signed two contracts worth Rs 180 billion with the China Gezhouba Group Company...
Power ministry resorts to additional subsidy as circular debt mounts
With energy companies facing a looming default crisis and warning the government of invoking sovereign guarantees, the Ministry of Water and Power...
High quality solar energy maps launch in Pakistan
High-quality solar maps have been launched in Pakistan through a partnered global initiative by Alternative Energy Development Board (AEDB) and the World...
GSP to undertake 3D mineral survey in Sindh, Balochistan
The Geological Survey of Pakistan (GSP) will launch a Rs 663 million 3D mineral survey in potential areas of Sindh and Balochistan to...
TAPI Gas Pipeline project enters practical phase in Pakistan
The multi-billion dollars Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project entered its practical phase in Pakistan after the process of initiating front-end-engineering-and-design (FEED) route...
SNGPL to invest Rs 110.5 b to supply 1200 MMCFD LNG
Sui Northern Gas Pipelines Limited (SNGPL) has decided to import a further 1200 MMCFD LNG for upcoming LNG terminals in the country....
Hascol Petroleum clarifies position amidst circulating rumors
Hascol Petroleum Limited (HPL) has responded to circulating rumors about the company losing an arbitration case in U.K Court against MENA energy...
Sui Northern Gas Pipelines Limited: UFG losses down to 7.75pc
Sui Northern Gas Pipelines Limited (SNGPL) recently released their 1HFY2017 report where the company declared that they have reduced their unaccounted for...
Shahbaz Sharif approves “Khadim-e-Punjab Ujala Programme”
Punjab Chief Minister Muhammad Shahbaz Sharif has approved the “Khadim-e-Punjab Ujala Programme” under which ten thousand schools will be shifted to solar energy...
Saudi Arabia wants oil prices to rise to around $60/barrel in 2017
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the...