NAB summons NEPRA over case of unprecedented profits earned by IPPs
ISLAMABAD: The National Accountability Bureau (NAB) Lahore has summoned officials of the National Electric Power Regulatory Authority (NEPRA) to appear Monday, 18 February...
Saudi company ACWA to invest $4bn in Pakistan’s renewable energy sector
ISLAMABAD: Saudi power producing company ACWA Power on Sunday expressed its willingness to invest around $4 billion in Pakistan’s renewable energy sector.
This...
Construction on 427km Machike-Tarujabba oil pipeline to start soon: Sarwar
ISLAMABAD: Minister for Petroleum Ghulam Sarwar Khan has said that construction work on the 427-kilometer Machike-Tarujabba oil pipeline from Sheikhupura to Peshawar would...
Pakistan gets ready to woo Saudi crown prince
Saudi Arabia is reportedly preparing to sign a record investment package with Pakistan, including a $10 billion refinery and oil complex for the strategic Gwadar Port on the Arabian Sea
Sindh, Balochistan face gas shortage, as LNG terminal goes offline for maintenance
To mitigate the fall out from the shortage of gas, SSGC announced an additional 12-hour gas holiday for compressed natural gas (CNG) fuel stations across Sindh on Saturday in order to provide supply gas to domestic and commercial consumers
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)
Petroleum Division likely to table revised gas tariffs before CCoE
The division was given 10 days to submit the findings of inquiry report into inflated gas bills to domestic consumers
ISLAMABAD:...
Power Division directed to form special team to address overbilling woes
The team will visit different locations to listen to the complaints regarding overbilling and will order remedial measures on the spot
ISLAMABAD: A...
Oil prices edge up on hopes for U.S.-China trade breakthrough
U.S. West Texas Intermediate (WTI) crude futures were at $53.76 per barrel at 2338 GMT, up 10 cents, or 0.2 percent, from their last settlement
Foreign banks eye financial advisory role in divestment of two LNG fired-power plants: Report
This divestment would rank as the country’s largest privatization deal since 2005 when Etisalat acquired a controlling stake in Pakistan Telecommunications Limited (PTCL) for $2.6 billion
CCoE gives approval for import of LNG
CCoE has instructed the petroleum division to move forward with the development of the LNG infrastructure needed to transport additional LNG from Port Qasim to Pak Land
SSGC, SNGPL to charge different tariffs for RLNG supply to domestic and industrial consumers
The management committee of SNGPL in a meeting decided to regularize enhanced loads of commercial and industrial consumers on condition they are prepared to bear the bills of enhanced loads to them at RLNG tariff
Govt will require to reduce borrowings from central bank, implement VAT under IMF programme: Report
According to official sources, the IMF will demand to attain a primary balance of budget into surplus, which is presently seeing a huge deficit
PM orders countrywide crackdown against gas theft
ISLAMABAD: Prime Minister Imran Khan on Tuesday ordered countrywide crackdown against gas theft, saying that gas worth Rs50 billion was being stolen annually...
Oil prices rise on OPEC output cuts, as U.S. sanctions bite
Analysts said markets are tightening amid voluntary production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and because of U.S. sanctions on Venezuela and Iran