Oil prices decline, on back of weak Chinese, Japanese industrial data
TOKYO: Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower...
Rift among IPPs puts agreement with govt in jeopardy
The relations of independent power producers (IPPs) have hit a new low due to serious contentions over the recent agreement signed with...
Second LNG terminal to be completed by 15th November says: PM
Lahore: A local newspaper reported that the country’s second LNG terminal will be open by November 15th, said Prime Minister Shahid Khaqan...
Wapda demands Rs13 as tariff for Neelum-Jhelum
Consumers to cough up Rs49bn a year over two decades to pay off debts
ISLAMABAD: Neelum-Jhelum Hydropower Company – a subsidiary of the...
IPPs explain profits, operations in second advert
As part of its public awareness campaign, the Independent Power Producers (IPPs) Advisory Council has published its second advert in leading newspapers...
Oil prices consolidate gains, driven up by weakening dollar
SINGAPORE: Oil prices on Thursday extended gains from the previous session, pushed up by a weak dollar and by comments from Saudi...
Haroon Rashid to lead Shell in Pakistan
Haroon Rashid has been appointed as Shell Pakistan Limited’s (SPL) Chief Executive Officer and Managing Director with effect from July 01, 2018.
Oil industry seeking foreign currency exposure to be included in pricing of petroleum products
During the meeting last week, the oil industry had put forward the case for a continuation of 7.5% deemed duty on diesel refining and rise to 9% despite the Senate standing committee on petroleum order to scrap the deemed duty
Govt-owned shares in OGDCL to be divested by 10pc to attract international investment
ISLAMABAD: The Privatisation Commission undertook a proposal of divestment of 10 percent shares of the Oil and Gas Development Company Ltd (OGDCL)...
Law ministry delay hinders Privatisation Commission from appointing financial advisers
The commission was seeking the board’s go-ahead for hiring financial advisers for the privatisation of two LNG-fired power plants namely 1,230-megawatt Haveli Bahadur Shah and 1,233MW Balloki
LPG prices to reduce by Rs15 next month: Irfan Khokhhar
LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Liquefied Petroleum Gas (LPG) Chairman Irfan Khokhhar on Sunday...
Oil prices rise 1% ahead of U.S. sanctions against Iran
SINGAPORE: Oil prices rose by 1 percent on Thursday, pushed up by the prospect of tighter markets due to U.S. sanctions against...
Gov’t decision to lift moratorium on new gas connections hailed
Pakistan Businessmen and Intellectuals Forum (PBIF) Friday hailed the government's decision to lift moratorium on new gas connections.
The decision would help masses...
Oil prices retreat from 3.5 years high, as market awaits Trump decision on Iran
Brent crude futures were down 63 cents, or 0.8 percent, at $75.54, having jumped 1.7 percent to settle at $76.17 a barrel in the previous session
U.S. oil extends gains after crude inventories fall
U.S. commercial crude oil inventories fell by 5.8 million barrels in the week to Aug. 17 to 408.36 million barrels, the Energy Information Administration (EIA) said on Wednesday