PM orders inquiry into power sector; committee formed

ISLAMABAD: In an apparent bid to rectify the wrongdoings of the past and to ensure future security, a nine-member committee has initiated an inquiry...

Power supply to reach 26,000MW by next year, PM told

ISLAMABAD: Prime Minister Imran Khan was informed on Wednesday that for the first time in the country’s history, the target of 23,000 megawatts power supply...

Govt to surpass 2.4pc growth target, says finance adviser

Hafeez Shaikh says govt expects to generate Rs800bn in non-tax revenues Says overall CAD reduced by 73pc due to considerable increase in exports ISLAMABAD: Prime...

Asia’s growing coal use could negate global climate change progress: UN

BANGKOK: Asia's heavy and expanding reliance on coal power risks cancelling out global progress towards preventing catastrophic climate change, a top United Nations official warned...

NEPRA approves tariff hike of Rs1.78 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved 1.78 paisa per unit hike in power tariff under the fuel adjustment formula for...

Govt to introduce new LNG policy next month, says Babar

ISLAMABAD: Special Assistant to the Prime Minister on Petroleum Nadeem Babar on Thursday said that a new policy on liquefied natural gas (LNG) would...

NEPRA asked to hike power tariff by Rs1.93 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has been asked on Thursday to increase the electricity tariff by Rs1.93 per unit. The Central Power...

Iran-Pakistan gas pipeline to be completed by 2024

--Pakistan, Iran will sign a third agreement for the gas pipeline in Turkey next week ISLAMABAD: Pakistan and Iran have decided to complete Iran-Pakistan (IP)...

Power Division posts record increase in revenue

--Statistics indicate efforts against power theft are finally bearing fruit ISLAMABAD: In the first month of the new fiscal year i.e. July 2019, the Power...

Govt waives off Rs208bn GIDC through presidential ordinance

--The amount had already been collected from the people during last five years ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has waived off approximately Rs208 billion...

‘Pakistan’s hydrocarbon reservoirs to deplete 60pc by 2027’

ISLAMABAD: Quoting a recent study about the fast depleting hydrocarbon reservoirs in the country, a senior official privy to the petroleum sector feared that...

AEDB to finalise renewable energy policy draft on 22nd

The Alternative Energy Development Board (AEDB) would hold a consultative meeting with all stakeholders on August 22 for the finalisation of the draft Alternate...

30pc vehicles to go electric in 10 years, says PM’s aide

Pakistan has formulated a new transport policy under which at least 30 per cent of vehicles will go electric by 2030, said PM’s Adviser...

Power sector witnesses Rs121bn increase in revenues

'Govt envisions increasing the share of renewable energy to 20pc by 2025' ISLAMABAD: The power sector revenues have witnessed a significant increase of Rs121 billion...

High energy costs hampering Pakistan’s cement exports

'Increased govt levies are encouraging unscrupulous elements to import under-invoiced Iranian cement' LAHORE: Pakistan has been losing a major share of its market in...

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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...