Power ministry contemplating massive hiring to stop electricity theft
Omer Ayub Khan said the financial position in the power sector would be improved with the use of technology, better availability of human resources and through administrative measures
Rs20 billion subsidy provided in petroleum prices since govt came into power: Petroleum minister
Mr Khan stated gas worth Rs45 billion was unaccounted for in the last five years due to pilferage and leakage
Hubco signs financing documents for 330MW coal-fired power project
This is one of the first power projects to use the local lignite at Thar coal block II for power generation
Oracle shares soar as Chinese energy giant takes big stake in its Pakistan power plant
Shares in Oracle Power surged on Thursday after Chinese energy giant Beijing Jingneng Power Company (BJPC) took a majority stake in its...
Pakistan reiterates commitment to energy sector reforms
BEIJING:Â Planning, Development and Reform Minister Makhdum Khusro Bakhtiar has said that the government, besides reducing the losses of distribution companies and managing...
Oil slumps three percent, near lowest in a year as stock markets sink
OPEC and other oil producers including Russia agreed this month to curb output by 1.2 million barrels per day (bpd) in an attempt to drain tanks and boost prices
Omar Ayub for immediate action against power pilferers
'A total of 15,489 cases of theft have been detected since the launch of Power Division's crackdown'
ISLAMABAD: Power Division Minister Omar Ayub...
Asian shares edge higher with Fed meeting in focus
Japan’s Nikkei 225 index added 0.8 percent to 21,536.85 and the Kospi in South Korea gained 0.3 percent to 2,074.51
Oil prices pressured by oversupply, global economic concerns
International Brent crude oil futures were at $60.33 per barrel at 0423 GMT, up 5 cents, or 0.08 percent, from their last close
PM directs secretary to resolve K-Electric’s NSC issue: Report
Also, there is a disagreement between the government and K-Electric over the power utility’s liabilities, which was creating an obstacle to the transfer of 66.4% stake to SEP
Asian LNG prices snap three-week losing streak as winter kicks in
Spot prices for January delivery edged up about 10 cents to around $8.90 per million British thermal units (mmBtu)
Asian shares fall on poor Chinese economic data
Japan’s Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to 2,070.70
Engro Corp divests 29% stake in ETPL to Vopak for $31.378 million
In end-November it was reported Vopak would purchase a total 44% stake in Elengy Terminal Pakistan Ltd, which operates the country's first liquefied natural gas (LNG) import facility
Oil prices fall as investors take profits amid China economy worries
Brent crude oil futures were at $61.09 per barrel at 0353 GMT, down 36 cents, or 0.6 percent, from their last close
Byco in contact with prospective buyers overseas to export surplus furnace oil
Byco is producing only 20,000 barrels per day (bpd) despite possessing a capacity of 155,000 bpd, contributing to under-utilization of the refinery