Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright
PSO profits decline 19% to Rs4,181m in 1st quarter FY19
PSO posted a gross profit of Rs10.91 billion in the first quarter of FY19, gross margins were recorded at 3.89% in the first quarter of FY19 against 3.55% in prior year
Oil dips as markets remain cautious on trade concerns
Front-month Brent crude oil futures were at $77.56 a barrel at 0430 GMT, 6 cents below their last close
Balochistan not cooperating over finalization of Rs86b discount in electricity bills
The power division in writing informed the ECC that the Balochistan government had not offered any comments despite constant reminders
Comprehensive design for Pakistan’s first 765kV high-voltage transmission line to be ready by December
The high-voltage transmission line owned by the National Transmission and Dispatch Company (NTDC), will provide evacuation of electricity from the Dasu hydropower project and added to the national grid and supply to consumers via 132kV and 11kV distribution systems of the power distribution companies
NEPRA grants license for 11.80MW hydel power plant in KP
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) has granted the power generation licence to Pakhtunkhwa Energy Development Organization (PEDO) for its 11.80MW...
OGDCL shorlists names for next chief
ISLAMABAD: The Board of Directors (BoD) of the Oil and Gas Development Company Limited (OGDCL) has shortlisted three names for the position...
‘Govt introducing advance tech to curb line losses’
ISLAMABAD: Power Minister Omar Ayub Khan has said that Pakistan Tehreek-e-Insaf (PTI) government, under the dynamic and visionary leadership of Imran Khan,...
Pakistan requests UAE to give deferred payment facility for oil imports: Shah Mehmood Qureshi
The foreign minister said the UAE delegation had expressed an interest in establishing an LNG terminal in Pakistan
Lack of LNG import causes Rs12bn loss to Pakistan in six months
Sources say influential furnace oil lobby has been holding sway over the entire power division
Asia stocks, S&P futures slide as investors flee risk amid growth fears
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1 percent, erasing tiny gains made in the opening hour and hitting its lowest level since February 2017
Oil prices drop as focus shifts to oversupply
Brent crude futures were down 51 cents, or 0.7 percent, at $76.38 a barrel by 0331 GMT. The global benchmark is on course for a weekly loss of over 4 percent
Govt holds NEPRA responsible for power tariff hike
Finance Minister Umar says tariff increase will generate additional Rs130bn, will not affect 70pc consumers
Asserts no conditions attached to Saudi bailout,...
Oil prices fall one percent amid global stock market slump
Markets have been hit hard this month by a range of worries, including the Sino-U.S. trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy
Govt raises power rates a day after Saudi bailout
ECC approves increase in tariff for consumers using more than 300 units, allows five per cent decrease in electricity rates for...