Pakistan, IMF yet to agree upon specifics of reform agenda: Report
As per Finance Ministry spokesman Dr Khaqan Najeeb, discussions were ongoing with the IMF regarding energy financing flows, energy sector reforms, fiscal consolidation and debt profile
Pakistan expected to ink $12 billion investment deals with Saudi Arabia
Dawood said it was possible that an agreement for a $3 billion oil facility on deferred payments will also be signed during the Crown Prince’s visit
Non-berthing of PSO cargo reduces RLNG supply to 220 mmcfd: SNGPL
Total RLNG available was 600 MMCFD at this time and the weather condition at the port may become more severe by Tuesday and resultantly berthing of Pakistan LNG Limited upcoming cargo may get into difficulty
Balochistan received Rs23.9bn oil and gas royalty in five years
ISLAMABAD: Balochistan has been given Rs23.9 billion royalty on account of oil and gas during the last five years.
According to the official...
Mohmand Dam to be completed within five years, Senate told
'The proposed completion time was five years and eight months'
ISLAMABAD:Â Mohmand Dam will be completed within five years' time, as the latest...
Energy sector reforms imperative for economic sustainability: Sarwar
--Minister says existing oil refineries will have to reconfigure themselves in order to reduce the production of furnace oil
--says prices offered to...
Saudi Crown Prince’s visit to bring major investment in Pakistan
Saudi Arabia and its Gulf partner, the UAE, have already deposited $3 billion each in Pakistan’s central bank to help resolve a balance of payments crisis and shore up its declining rupee
ICSID admits Pakistan’s application for revision of award conferred in Karkey case
In October, the government of Pakistan (GoP) had sought the court to throw out the Karkey Karadeniz suit seeking to confirm an $846 million arbitral award stemming from a rental power project
FESCO initiates night operation against power pilferage
FAISALABAD:Â The task forces of Faisalabad Electric Supply Company (FESCO) have initiated night raids to detect power pilferage across the region.
The teams checked...
Govt urged to facilitate transportation of coal as demand increases
'Govt should provide a dedicated cargo rail track to connect Port Qasim with other cities, as it will minimise pollution and...
PESCO task forces remove 266 direct hooks, recover Rs3.02mÂ
DI KHAN:Â The task forces of Peshawar Electric Supply Company (PESCO) on Wednesday conducted raids in Bannu, Swat and Peshawar circles and recovered...
PLL invites bids for supply of six LNG cargos in May & June
Four LNG cargos will be supplied in May, while the remaining two are likely to be imported in June, said sources
FESCO catches 198 power pilferers, imposes Rs1.19m fine
FAISALABAD: Faisalabad Electric Supply Company (FESCO) has caught 198 power pilferers red-handed from its region during the first four days of the...
Kuwait sees risk of oil supply shortage in 2019 due to Venezuela
Hashem said OPEC+ actions should help re-balance the oil markets this year but he also warned of the impact of underinvestment in the oil industry which could cause a supply crunch by 2025
Oil prices edge up as market eyes tighter supply
International Brent crude oil futures were at $62.72 a barrel, also up 21 cents or 0.4 percent, after closing down 0.4 percent in the previous session