Govt mulls selling 10pc OGDCL shares
The federal government on Thursday mulled over the plan to sell out 10 per cent shares of the Oil and Gas Development...
Cabinet likely to freeze electricity tariff till June 2020
ISLAMABAD: The federal cabinet is likely to grant an approval to an action plan devised by the Power Division to keep the...
Additional Rs120bn collected in revenue of energy sector, Omar tells Senate
ISLAMABAD: Minister for Power Division Omar Ayub Khan on Monday informed the Senate that Pakistan Tehreek-e-Insaf (PTI) government had collected Rs120 billion...
New POL taxes may burden masses with Rs25bn
ISLAMABAD: The federal government has almost made a ‘record increase’ in the ratio of taxes imposed on the petroleum products, which in...
OGRA reduces domestic LPG cylinder price by Rs150
The Oil and Gas Regulatory Authority (Ogra) on Sunday reduced the Liquefied Petroleum Gas (LPG) price by Rs150 per 11.8 kilogram for...
Saudi Aramco shares hit lowest since IPO, down over 2pc
DUBAI: Shares of Saudi Aramco (2222.SE) hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in...
Govt mulls deregulating LNG sector to facilitate textile industry
'Import of LNG at competitive rates will help textile millers rationalise their production costs'
NTDC gets Rs6.4bn for construction of 220kV substation, transmission lines at Jhimpir
LAHORE: In order to induct 956MW power from wind power projects to the system, the National Transmission and Despatch Company Ltd (NTDC)...
Muhammad Taha assumes charge as PSO MD
ISLAMABAD: Syed Muhammad Taha on Wednesday assumed charge as the Pakistan State Oil’s managing director/chief executive officer (CEO).
He is known for his...
LPG price surges Rs50 to Rs180 per kg
KARACHI: All Pakistan liquefied Petroleum Gas (LPG) distributors increased on Wednesday the price of LPG by Rs50 per kilogram amid closure of...
Recent slide in global oil prices will benefit Pakistan’s economy
KARACHI: As the number of coronavirus cases rose outside China, oil slid more than five per cent at its session low on...
Ayub claims country offers $100b investment opportunities in energy sector
ISLAMABAD: Federal Minister for Energy Omar Ayub Khan has claimed that Pakistan offers around $100 billion investment opportunities in the energy sector,...
17 new oil and gas exploration blocks await security clearance
ISLAMABAD: The Petroleum Division has forwarded a case of around 17 onshore oil and gas exploration blocks to the quarters concerned for...
TAPI gas pipeline to be completed by 2023, SC told
ISLAMABAD: The Supreme Court (SC) was informed on Tuesday that the Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project would be completed by 2023.
A three-member bench...
PSO’s half-year profit surges by 51.4%
KARACHI: The Pakistan State Oil Limited (PSO), the largest player in the local oil market, has seen a Substantial increase in its...