Mohmand Dam to be completed within five years, Senate told

'The proposed completion time was five years and eight months' ISLAMABAD: 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: 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 Rs3.02m 

DI KHAN: 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

NEPRA approves 56 paisa per unit hike in power tariff

'Consumers will face a burden of approximately Rs4.2bn due to the increase' ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved Rs0.57...

Neelum-Jhelum Project starts power generation: WAPDA

'The project will supply 4.6bn units of inexpensive electricity to the national grid in 2019-20' A detailed inspection of Neelum-Jhelum power project has been...

Russian oil output down in January, misses global deal target

Rosneft, the world’s largest oil producer by output, reduced its production by 0.1 percent last month from December, while second-largest Russian oil producer Lukoil saw production cuts of 0.8 percent

PLL successfully arranges additional LNG cargoes for March and April

Four LNG cargoes will arrive here in Pakistan in March and five are scheduled for the month of April to meet the energy requirements