OGRA permits private-sector entities use of state-owned gas pipelines
The approval of the network code by Ogra will open the market to deregulation, intensify competition and end the hegemony of state-owned gas utilities
SBP to purchase Rs111 billion Ijara Sukuk with three-year maturity period
The acquisition of the issue by the central bank would assist Islamic Banks in coping with surplus liquidity and resources
ADB, Pakistan sign $284m agreement for power transmission enhancement
NTDC is the implementing agency of the tranche 3 project under the existing Multi-tranche Financing Facility (MFF) amounting to $810 million
USAID, WAPDA sign $78m implementation letter for Mangla refurbishment
MIRPUR:Â Pakistan Water and Power Development Authority (WAPDA) and United States Agency for International Development (USAID) on Wednesday signed Project Implementation Letter (PIL)-2...
Gas shortfall:Â PM orders immediate inquiry against top management of SNGPL, SSGC
ISLAMABAD: Prime Minister Imran Khan has ordered the initiation of an immediate inquiry against the managing directors (MDs) of Sui Northern Gas...
SSGC faces 230mmcfd shortfall of gas
ISLAMABAD:Â Sui Southern Gas Company has been receiving 1,200mmcfd indigenous gas in December, which was 1,280mmcfd in December 2017. This shortfall of 80...
‘Pakistan can save $8.4bn per annum through power sector reforms’
WB report says almost a fifth of Pakistan’s electricity is lost to poor infrastructure, faulty metering and theft
ISLAMABAD:Â Pakistan's power sector suffers...
Renewable energy policy to be unveiled by March 2019: Power Minister
The power minister stated twenty-one power generation projects founded on Thar coal and hydro were underway for producing affordable electricity in Pakistan
Oil prices rise on Asian stock rally, OPEC-led cuts
International Brent crude oil futures were at $60.86 per barrel at 0543 GMT, up 66 cents, or 1.1 percent, from their last close
PPIB extends deadline of financial close for two CPEC power projects
Similarly, a nine-month extension was granted to the 300MW Gwadar coal-based power project to reach its financial close by August 2019
Eleven IPPs contravene merit order, generate electricity using costlier furnace oil
Officials said the IPPs in contravention of the merit order utilized costlier furnace oil in November 2018 instead of the cheaper fuel, which cost the consumers extra money
Govt mulling to float sukuk bonds for financing circular debt
The sukuk issuance is planned for later this month, subject to the stakeholders reaching an agreement on the terms and conditions
Hubco completes acquisition of 37% stake in ThalNova
In April 2016, ThalNova had been granted a power generation licence for establishing a 330-megawatt coal-fired power plant at Thar coal mine south, Sindh
Oil prices rise on Libyan export interruption, but markets remain weak
International Brent crude oil futures were at $60.19 per barrel at 0336 GMT, up 19 cents, or 0.3 percent, from their last close
Govt dismisses demand to provide Rs6.6 billion subsidy on local sugar sale
Another request of the sugar industry to permit state-owned Trading Corporation of Pakistan (TCP) to procure 20,000 tons of sugar from the millers was also rejected by the government