Govt issues Rs200bn ‘Pakistan Energy Sukuk’
In order to resolve the country’s circular debt, the federal government has issued the first Pakistan Energy Sukuk of Rs200 billion.
The Sukuk...
878km HVDC transmission line project achieves financial close
The Matiari-Lahore transmission line is scheduled to commence commercial operations by March 2021
The facility will primarily be utilised to transmit...
Omar Ayub Khan inaugurates training simulator at NTDC
LAHORE: Energy (Power Division) Minister Omar Ayub Khan and Embassy of Japan Deputy Chief of Mission Yusuke Shindo jointly inaugurated the Technical Services...
Pakistan may turn to Islamic banks for second $1.4 billion loan: official
The arrears, known as “circular debt”, stand at more than 1.4 trillion rupees ($10.1 billion)
Asia’s surging fuel exports depress refining industry profits
Since 2006, the Asia-Pacific has been the world’s biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India
Asian shares mostly lower as investors watch trade talks
Japan’s benchmark Nikkei 225 slipped 0.5 percent to 21,368.54 in morning trading and Australia’s S&P/ASX 200 gained 0.5 percent to 6,170.30
Oil prices fall as U.S. crude output hits record 12 million bpd
International Brent crude futures were at $66.87 per barrel at 0326 GMT, down 20 cents, or 0.3 percent, from their last close
SSGC, SNGPL to collect additional Rs150 billion after changes in gas slab usage
According to an official, the government is mulling a plan to either bring in a separate tariff for the winter season which lasts three months or revise the existing slabs in order to provide relief to domestic gas consumers
‘Govt committed to developing systematic, cost-effective energy sector’
Minister says lack of integrated energy planning in the past affected the country's energy sector and consequentially its economic growth
ISLAMABAD: Planning Minister Makhdoom...
NEPRA approves Rs1.8 per unit power tariff hike
The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs1.80 per unit in the tariff for all power distribution...
Oil slips away from 2019 highs as surging US supply undermines OPEC cuts
OPEC-member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia in March as part of the effort to tighten markets
Pakistan Railways seeks government go-ahead for economical oil transportation
During the presentation, the Ogra chairperson shared that levelized tariff for oil transportation via the pipeline to be laid by Frontier Oil Company would be Rs2,406 per ton, which constituted 88% of the existing road tariff
Brent oil eases from 2019 highs as markets await trade talks outcome
Traders said the slight downward correction was driven by concerns about the health of the global economy this year
12th JMC meeting between Pakistan, UAE gets delayed
Pakistan has suggested signing an economic framework agreement to prioritize areas of cooperation, which is expected to be reached during the 12th JMC
Pakistan to receive $21 billion investment from Saudi Arabia over next five years
Saudi Fund of Pakistan is poised to invest $1 billion in five hydropower projects, including Diamer-Bhasha and Mohmand dams over the next two to three years