Calls grow for govt to invoke force majeure in LNG deal with Qatar
ISLAMABAD: Amid slow demand for costly liquefied natural gas (LNG) deal due to lockdown in the country in the wake of fast...
Shell sees potential LNG supply shortage as global demand surges
LONDON: The global Liquefied Natural Gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29...
Maple Leaf to boost WHR plant capacity to 25MW
LAHORE: The Maple Leaf Cement Factory Limited (MLCF) announced the opening of a letter of credit (LC) related to the expansion of...
CPPA approaches Nepra to approve tariff refund of Rs1.71 for July
Islamabad: Central Power Purchasing Agency (CPPA) on Thursday submitted an application for tariff refund of Rs1.71 for July 2017 to National Electric...
Cabinet approves TAPI joint implementation plan (JIP) to accelerate gas pipeline project
In a significant development, Pakistan's federal cabinet has granted approval for the Turkmenistan, Afghanistan, Pakistan, and India (TAPI) Gas Pipeline Project's Joint...
JS Group acquires 48% stake in coastal power company
ISLAMABAD:Â The JS Group has acquired 48% shares in Habibullah Coastal Power Company (HCPC), an independent power producer which has recently won a...
Chinese companies to invest $35b in 19 power projects
Chinese companies will be investing $35 billion in 19 power projects which will generate 12,134 MW of electricity under the China-Pakistan Economic...
Iraq plans to sell oil through Iran if talks with Kurds fail
Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a...
Oil slides on China trade slump, but crude imports remain high
International Brent crude oil futures were at $59.91 per barrel at 0403 GMT, down 57 cents, or 0.9 percent from their last close
NTDC expresses dismay at imposition of Rs10mn fine by regulator
LAHORE: National Transmission and Despatch Company Limited (NTDC) expressed its disappointment and dismay at the imposition of fine amounting to Rs 10...
Iranian oil minister calls Trump’s order to OPEC insulting
"Mr Trump sends every day a new message that creates uncertainty in the market," Iranian Oil Minister Bijan Zanganeh said in an interview with state television.
Oil prices stabilize, after Trump’s tweet criticizing OPEC
NEW YORK: Oil prices edged up on Friday, stabilizing after an earlier slide driven by U.S. President Donald Trump’s criticism of OPEC’s...
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...
Oil price slump is part of broader Asian pullback
But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar
Rs838.88mn collected for Bhasha, Mohmand dams fund: SBP
ISLAMABAD: The fund dedicated to the construction of Diamer Bhasha and Mohmand dams has so far received over Rs839.88 million from various...