Gas shortages likely as winter approaches
ISLAMABAD: Federal Minister for Energy Omar Ayub said during a meeting of the senate standing committee held here today that the problem...
Oil giants cut production as they post massive writedowns
The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and...
Saudi Aramco’s profit plunges, sees signs of oil market recovery
DUBAI: State oil giant Saudi Aramco’s profit plunged 73 per cent in the second quarter of the year, as a slump in...
KP petrol pumps seek permission to facilitate customers without helmets
PESHAWAR: Petrol pump owners in Khyber Pakhtunkhwa (KP) have expressed concerns over the imposition of heavy fines, arrests of petrol pump workers...
NEPRA notifies eight-month variations in fuel charges
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has finally notified adjustments in the approved tariff on account of variations in the...
85pc work on Matiari-Lahore transmission line completed: Asim Bajwa
ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Lt Gen (r) Asim Saleem Bajwa said on Saturday that 85pc...
KP demands Rs1,000 per barrel royalty on oil from centre
PESHAWAR: The Khyber Pakhtunkhwa (KP) government on Thursday demanded the federal government to pay Rs1,000 per barrel royalty on oil being extracted...
CCI directs petroleum ministry to explore possibility of provincial input in OGRA
ISLAMABAD: The Council of Common Interests (CCI) on Thursday directed the Ministry of Petroleum and Natural Resources to explore the possibility of...
Oil prices pull back from five-month highs as rising product stocks weigh
LONDON: Oil prices slipped off five-month highs on Thursday as bearish sentiment about fuel demand undermined support from a weak dollar and...
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...
KP govt incurring Rs5bn annual losses from Ranial Power Project
PESHAWAR: Due to the unavailability of transmission lines, the Ranial Power Project is causing an annual loss of Rs5 billion to Khyber...
Work on 330MW Thar Block-2 power plant in full swing, says Asim Bajwa
Special Assistant to the Prime Minister on Information and Broadcasting Asim Saleem Bajwa on Friday said that the work on the 330...
OGRA notifies increase in LPG prices
The price of locally produced LPG rises Rs18.48 per 11.8kg cylinder
Chinese funding increases coal-fired power generation in Pakistan to record high
While other countries move away from coal-fired power due its negative environmental impact, Chinese funding has increased power generated through coal in...
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)...