Petroleum Division seeks ECC go-ahead to revive shelved gas pipeline projects
According to sources, the Petroleum Division will table three options before the Economic Coordination Committee (ECC) to determine the destiny of previously shelved gas pipeline projects
PSX suffered worst monthly decline since May 2010
Karachi: The Pakistan Stock Exchange (PSX) endured its worst month of trading in seven years as continuing political and economic uncertainty plagued...
No violations of law in promulgating ordinance to ratify tax amnesty scheme: Rana Afzal
ISLAMABAD: State Minister for Finance Rana Muhammad Afzal on Monday said that no violation of law has been made by promulgating the...
Break-up monopoly of SNGPL, SSGC & separate distribution from transmission, says: Iqbal Z. Ahmed
When JJVL commenced operations, there was a monopoly of around six companies at that time and now 130 entities existed, crediting itself for the efforts of bringing distribution down to the district level, said Iqbal Z. Ahmed
IEA still sees record 2020 oil demand fall but easing lockdowns helping
LONDON: Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it...
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...
U.S. will not stop Iran exporting oil, Iranian president says
The United States has imposed sanctions on Iran and U.S. officials say they aim to reduce Iran’s oil exports to zero in a bid to curb the Islamic Republic’s missile programme and regional influence
Aramco eyes setting up petrochemical plant in Texas
HOUSTON: Saudi Arabia’s national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in...
Petroleum Division aligns strategy to achieve self-sufficiency in oil, gas
ISLAMABAD: The Petroleum Division has aligned its strategy to achieve self-sufficiency in the oil and gas sector by introducing radical measures and...
Pakistan holding talks with France, Italy & Spain for LNG supplies
ISLAMABAD: Pakistan is in talks to import liquefied natural gas (LNG) from France, Italy and Spain, a senior Pakistani source said, raising...
Pakistan’s PSO awards first fuel oil import tender in two months: sources
PSO still has outstanding tenders to import up to 585,000 tonnes of HSFO in September and again in October, but one trade source that has previously supplied PSO with fuel oil said he expected weak demand to keep the company’s actual import volume limited over the coming months
Mohmand Dam to be completed within five years, Senate told
'The proposed completion time was five years and eight months'
ISLAMABAD:Â Mohmand Dam will be completed within five years' time, as the latest...
Oil prices inch up, as tensions escalate in Middle East
SINGAPORE: Oil prices edged up on Tuesday, lifted by tensions in the Middle East, although rising output in the United States and...
Nepra approves Rs1.86 per unit cut in power tariff
ISLAMABAD: The power regulator refused the request to raise electricity tariff by 44 paisa per unit and directed power distribution companies (DISCOs)...
Work on 34,859MW hydropower projects ‘under way’
Around 22 dams/hydropower projects having cumulative capacity of 34,859 megawatts (MW) are either under construction, ready for construction or under planning.
Upon completion,...