SEP resubmits offer to acquire 66.4% stake in K-Electric
On December 21st, as per regulations, Shanghai Electric withdrew its offer due to lapse in the prescribed time period for making a public announcement of the offer
Oil dips on oversupply concerns ahead of Christmas holidays
International benchmark Brent crude futures fell 27 cents, or 0.5 percent, to $53.55 a barrel at 0106 GMT
Lower Asia temperatures and charter rates nudge LNG prices higher
India and Europe drove the LNG demand this week
New agri technology introduced in KP to boost wheat production
The agriculture sector contributes 22% to KP's GDP, however, 31% of KP’s population is food insecure with a high rate of malnourishment
Renewable energy projects devoid of transmission lines
Officials believe that the existing transmission system didn’t have the proficiency to provide electricity from the new renewable plants
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