Work on Mardankhel gas pipeline commences Â
The mega project is expected to significantly redress energy crisis in the country
ISLAMABAD:Â Days after the successful commissioning of Mardankhel 2...
Wapda signs Rs4.9b contract for construction of Dasu hydropower infrastructures
The contract is scheduled to be completed in about two years. Dasu Hydropower Project will be completed in two stages
Thar coal power plant set for completion by March 2019
ISLAMABAD: Thar coal power plant will be completed by March 2019 and start generating 660MW as most of the work on mining...
Engro says govt has no contractual right to renegotiate LNG agreement
On Thursday, the Information Minister Fawad Chaudhary had announced the government would be conducting an audit of the two LNG deals
Oil prices edge up, but set for weekly loss on stock build, trade row
For the week, U.S. crude was down 3.5 percent, while Brent was 1.1 percent lower, putting both on track for a second consecutive weekly decline
Federal Cabinet decides to renegotiate LNG deals
The information minister said the provinces would reduce their share in the National Finance Commission Award to give 3 percent share for the development of erstwhile FATA
Cabinet endorses gas tariff hike proposed by ECC
ISLAMABAD:Â The federal cabinet on Thursday endorsed a hike in gas tariff and other decisions taken by the Economic Coordination Committee (ECC).
The meeting...
Pakistan to become energy sufficient soon: Omar Ayub Khan
ISLAMABAD: ‘One of the most important countries in the One Belt One Road (OBOR) project is Pakistan. The Karakoram Highway that connects...
U.S. oil edges up after 3 percent drop on big stock build
Signs that Iranian oil exports have been falling more steeply than some in the market expected amid looming U.S. sanctions have underpinned the oil market
Pakistan’s oil imports may touch $20 billion in FY19 if current prices prevail
Shell CEO said if the oil pipeline infrastructure was overhauled in Pakistan, it would contribute to a windfall of $50 to $100 million which would be passed on to consumers
Austrian envoy assures cooperation in clean energy development
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar on Tuesday appreciated the Austrian cooperation in different hydroelectric and energy projects across Pakistan.
The...
ECC to decide electricity tariff hike in next meeting Â
KARACHI: After an increase in the gas tariff, the government has further deferred the increase of electricity by Rs3.75 per unit to...
PCMA calls for joint ventures with Saudi Arabia in petrochemical projects
Pakistan’s chemical imports constitute around 17 percent of the total import bill
Pakistan & Russia reach consensus to augment validity of North-South gas pipeline
The North-South gas pipeline is to be built on the build, operate and transfer (BOT) basis and Pakistan will get control of it after 25 years
Govt to review LNG terminal agreements
The ECC instructed the Petroleum Division to ask for the legal opinion of Law and Justice Division regarding the LNG terminal agreements and know if the government had any recourse to revisit the terms and conditions