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:Â 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
Saudi visit highlights Pakistan’s search for investment
The largest deal signed on Sunday, a $10 billion refinery to be developed in the port of Gwadar by Saudi Aramco, will take up to five years to develop. But smaller deals, including the acquisition of two liquefied natural gas plants, alternative energy projects and food and agriculture investments should bear fruit more quickly
‘Gwadar refinery to help Pakistan achieve autarky in petroleum sector’
ISLAMABAD:Â A state-of-the-art oil refinery and petrochemical complex, being established at Gwadar deep seaport with around $11 billion Saudi investment, would open new...
NEPRA likely to increase power tariff by Rs1.93 per unit
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is likely to approve Rs1.9 per unit increase in power tariff under the head...
NAB summons NEPRA over case of unprecedented profits earned by IPPsÂ
ISLAMABAD: The National Accountability Bureau (NAB) Lahore has summoned officials of the National Electric Power Regulatory Authority (NEPRA) to appear Monday, 18Â 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...