Asian shares rise on Wall Street gains amid trade friction
Japan’s benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia’s S&P/ASX 200 gained 0.5 percent to 5,685.50 in early trading
Oil drops as OPEC makes supply cut dependent on Russian support
Oil producers have been hit by a 30 percent plunge in crude prices since October as supply surges just as the demand outlook weakens amid a global economic slowdown
IMF calls for further adjustments in exchange rate and monetary policy
The IMF called for 22% further hike in power tariff to address the problem of circular debt
Federal cabinet approves uninterrupted, subsidised gas for export industry
ISLAMABAD:Â Contrary to the decision of the apex court, the federal cabinet on Thursday approved approximately Rs25 billion worth subsidy for uninterrupted supply...
Pakistan LNG says Gunvor, Trafigura, Vitol qualify to supply spot LNG
Pakistan LNG is seeking three LNG cargoes for delivery over Jan. 21-22, Feb. 3-4 and Feb. 21-22
PGP still interested in establishing Pakistan’s third LNG terminal
The AG chairman declared the terminal will be commissioned in the 1st quarter of 2020
Asian shares skid as Huawei CFO arrest revives trade jitters
Hong Kong’s Hang Seng index tumbled 2.6 percent to 26,117.28 and Japan’s benchmark Nikkei 225 fell 2.1 percent to 21,435.96
Oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting
International Brent crude oil futures were down 7 cents, or 0.1 percent, at $61.49 per barrel
LPG prices not to be increased, says Sarwar
Ghulam Sarwar made a task force under Babar Nadeem, which would make recommendations on issues of oil refineries and would present the recommendations in next CCoE
‘Pakistan can achieve 30pc renewable energy generation by 2030’
As renewable energy is now the cheapest form of electricity generation in Pakistan, the government could reduce its reliance on expensive power...
Asia shares sink after Wall Street sell-off
Hong Kong’s Hang Seng index fell 1.8 percent to 26,765.27 points and the Shanghai Composite Index lost 0.7 percent to 2,845.61
Oil prices slip on global growth concerns, swelling U.S. supply
International Brent crude oil futures were at $60.87 per barrel at 0508 GMT, down $1.21, or 2 percent, from their last close
Oil refineries on verge of closure, as furnace oil imports soar
Pakistan State Oil (PSO) is owed dues of Rs268 billion from power powers for the supply of furnace oil
Federal Cabinet to look into stalled KE- Shanghai Electric deal
Power Division says netting off KE dues is not workable due to a contractual obligation between KE and SSGC as well as KE and NTDC
‘Govt to utilise renewable energy sources to meet growing demand’
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar and Minister for Energy (Power Division) Omar Ayub Khan jointly chaired a meeting on...