Minister apprises IMF delegation of power sector reforms

ISLAMABAD: A delegation of the International Monetary Fund (IMF), headed by it's Middle East and Central Asia Director Jihad Azour and mission chief Ernesto Ramirez...

K-Electric reports Rs12.3bn profit for FY18

KARACHI: The Board of Directors of K-Electric Limited recently approved the company’s financial results for the year ended 30 June 2018. During the reporting period,...

NEPRA trashes CASA-1000, urges govt to revisit power supply agreement

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has asked the government to revisit Central Asia-South Asia (CASA-1,000) electricity supply agreement, saying that it...

ExxonMobil, Pakistan’s UGDC ink LNG import deal

ISLAMABAD: ExxonMobil, the world's largest oil and gas company, has inked a deal with Universal Gas Distribution Company Pvt Ltd (UGDC) wherein the company...

‘Pakistan to highlight energy-related opportunities in Japan conference’

ISLAMABAD: Pakistan would highlight the investment opportunities in its energy sector during the upcoming conference in Japan, scheduled to be held from Sept 24th to...

PQA issues provisional LoI for establishment of Energas LNG terminal

ISLAMABAD: The Port Qasim Authority (PQA) has issued a provisional Letter of Intent (LoI) to Energas Terminal (Pvt) Limited (ETPL) for the establishment of a...

Pakistan, Iran sign revised agreement on IP gas pipeline project

The Inter-State Gas Systems (ISGS) and the National Iranian Gas Company (NIGC) have signed a revised agreement on the much-delayed Iran-Pakistan (IP) gas pipeline...

‘500MW solar power plant to be set up in Balochistan’

ISLAMABAD: Power Division Minister Umar Ayub Khan has said that a 500-megawatt solar power plant would be set up in Balochistan with the cooperation...

DISCOs raise power tariff by 70pc for Punjab export industry

LAHORE: The power distribution companies (DISCOs) have raised their electricity tariff for the export-oriented industries of Punjab, charging them up to Rs20 per unit from...

Pakistan, Uzbekistan agree to form JWG on energy

ISLAMABAD: In a meeting with Uzbekistan Ambassador Furqat Sidiqov, Power Division Minister Omar Ayub Khan asserted that Pakistan wanted to take benefit from the...

IESCO billing fraud irks Senate body

ISLAMABAD: The Senate's Standing Committee on Power has expressed serious annoyance over heavy billing fraud in the Islamabad Electric Supply Company (IESCO). The Senate committee met...

AEDB reviews renewable energy policy draft

ISLAMABAD: The 45th board meeting of the Alternative Energy Development Board (AEDB) was held in Islamabad on Friday under the chairmanship of Power Division Minister...

Pakistan to challenge $6.2bn Reko Diq penalty: minister

Power Division Minister Omar Ayub Khan said on Monday that Pakistan has decided to challenge the $6.2 billion penalty in the Reko Diq case,...

Saudi companies urged to invest in Pakistan’s energy sector

ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood has urged the Saudi companies to invest in the power sector in order to get...

Pakistan, Saudi Arabia review progress on energy MoUs

ISLAMABAD: Pakistan and Saudi Arabia have reviewed the progress made on existing memorandums of understanding (MoUs) in the energy sector and discussed possibilities for...

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

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Zuckerberg open to scaling back Libra plan

WASHINGTON DC: Facebook chief executive Mark Zuckerberg opened the door on Wednesday to scaling back plans for its digital coin Libra if it cannot win...