Oil prices sustain gains as markets move towards rebalancing
Tokyo: Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major...
Pakistan to take another $1.4 billion loan to curb power sector arrears
Electricity shortages have eased in the last 12 months but years of mismanagement and funding shortfalls for subsidies have led to accumulated power sector payment arrears, or “circular debt”, soaring to 1.4 trillion rupees ($10.1 billion)
Govt takes steps to reduce circular debt, pays off Rs142bn to IPPs
ISLAMABAD: In a momentous move to lower the stock of circular debt, the government has successfully cleared pending dues amounting to Rs.142...
Imported RLNG share in power production rises to 27 percent for April
Power generation from natural gas exhibited a fall in April, touching 16 percent in April against 21 percent in March and 24 percent in February
Sundays possible price reduction raise fears of inventory losses for OMCs
With the fortnightly price update on the horizon, OMCs have resorted to giving discounts for petrol and diesel
Low gas pressure continues to impact KE’s generation capability
K-Electric (KE) continues to be challenged by low gas pressure from the Sui Southern Gas Company (SSGC), said Karachi’s sole energy provider...
Oil prices dip, as US dollar surges
NEW YORK: Oil prices fell on Friday as the dollar surged following strong U.S. jobs numbers, though compliance with output cuts by...
IMF calls government to relinquish its role of notifying electricity rates
IMF delegation asked authorities to undertake further revisions to the Nepra Act to ensure automatic notification of quarterly, annual and multi-year tariffs ascertained by the regulator on the lines of monthly fuel price adjustment announced directly by Nepra
Six-year transformation led by Dawood Hercules doubles Hubco generation capacity
LAHORE: Leading investment holding company Dawood Hercules Corporation has headed a six-year turnaround at Hubco during which the company invested in major...
Oil tankers resume supply to hard areas after increase in freight rates
CHITRAL: The protesting oil tankers have resumed supply to hilly areas after the government accepted their demands and agreed to enhance the...
Experts call for targeted policy measures to unlock Pakistan’s renewable energy potential
Emphasize the imperative to devise concrete strategies to bridge the delivery gap in financing green energy initiatives
K-Electric says committed to serving Karachi, seeks govt’s support
K-Electric has expressed gratitude to Sindh Governor Imran Ismail, Planning and Development Minister Asad Umar and Special Assistant to Prime Minister Shahzad...
Participants oppose gas price increases for SNGPL and SSGCL
ISLAMABAD: Opposing SNGPL’s and SSGCL’s plea to increase their gas prices for the financial year (FY) 2018-19, participants of OGRA’s hearing have...
PTI govt foregoes Rs125b to textile, fertilizer, power industries
---Previous govt had missed its actual GIDC collection target by an average 56pc
ISLAMABAD: The incumbent government has forgone approximately Rs125 billion to...
Pak businesses should get benefits from special economic zones under CPEC: Chinese Ambassador
ISLAMABAD: Ambassador of China to Pakistan, Yao Jing has said that the business community of Pakistan should get benefits from special economic...