PM, Chinese Vice President launch four mega CPEC projects
Both the dignitaries unveiled the plaques of the four projects at a ceremony held here during the visit of the Chinese vice president who is here on a three-day visit.
Planning minister underscores need for regional connectivity
Khusro Bakhtiar says timely completion of CASA-1000 project is among top govt priorities
ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has...
Minister vows to end circular debt by Dec 2020
ISLAMABAD: Power Minister Omar Ayub Khan said on Friday that a system of automatic metering is being introduced in the country to bring efficiency...
Govt to ensure provision of electricity to SEZs
PM's adviser says incumbent regime aims to facilitate industrial relocation from China
ISLAMABAD: The federal government has decided to start the electrification...
Petroleum Division grants oil exploration licence to Kuwaiti firm
The Petroleum Division has granted Kirthar Pakistan BV — a subsidiary of Kuwait Foreign Petroleum Exploration Company (Kufpec) — the license for...
Govt likely to further jack up electricity price
The price of electricity is expected to rise by Rs0.57 per unit after the Central Power Purchasing Agency (CPPA) has sent a...
Kekra-1: Exxon Mobil all set to pack up and leave
Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian Sea
Hours after Prime Minister...
Minister vows zero tolerance for gas pilferage
ISLAMABAD: Petroleum Minister Omar Ayub Khan said on Saturday that there would be zero tolerance against gas pilferage and directed the gas companies...
TESCO pays Rs3.4bn in taxes to FBR despite exemption
ISLAMABAD: Tribal Areas Electricity Supply Company (TESCO) paid an amount of Rs3.4 billion to the Federal Board of Revenue (FBR) without putting a...
Court extends suspect’s remand in Karkey rental power case
An accountability court on Thursday extended the physical remand of a major suspect, Laeeq Ahmed Sheikh, until May 20th in the Karkey...
ECC allows 150MW additional power supply to Karachi
Committee approves Rs1.8bn power subsidy for tribal districts
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday allowed an additional supply of 150MW power...
Oil prices ease on surprise rise in U.S. stockpiles, but Middle East tensions support
Brent crude futures were at $70.90 a barrel at 0100 GMT, down 34 cents, or 0.5%, from their last close. Brent closed up 1.4% on Tuesday.
OGDCL discovers gas, condensate in Sindh
ISLAMABAD: The Oil & Gas Development Company Limited (OGDCL) has discovered gas and condensate oil from its exploratory-cum-appraisal well ‘Mangrio–1’ in Nim Block,...
Offshore drilling near Karachi coast completed
ISLAMABAD: Offshore drilling near Karachi coast on Indus G-Block (Kekra-1) has finally been completed after four months of hard work. The drilling was...
Oil tankers ‘sabotaged’ as Gulf tensions soar
Almost all the oil exports of Saudi Arabia, Iraq, UAE, Kuwait, Qatar and Iran itself, at least 15 million barrels per day, are shipped through the Strait of Hormuz.