Ogra denies chairman being replaced

The Oil and Gas Regulatory Authority (Ogra) in a statement has denied its chairman Uzma Adil is being replaced. Apropos to a news...

PEC asks govt to announce Diamer-Bhasha Dam public limited company

The PEC urged the government to float its shares on the stock market for public subscription, which would allow to raise funds for the Diamer-Bhasha dam

Oil prices rise, but still set for weekly fall amid equities rout

OPEC cut its forecast of global demand growth for oil next year for a third straight month, citing headwinds facing the broader economy from trade disputes and volatile emerging markets

Pakistan extended offer of $100 million open oil credit facility by Azerbaijan

The energy ministries from both the countries had reached an inter-governmental agreement in February 2017

Pakistan needs to generate 30pc power on renewable energy in 5-7 years: AEDB

KARACHI: Pakistan should set a target of generating at least 30 per cent of its electricity on the basis of renewable energy...

Oil slumps to two-week lows as markets fall, inventories climb

Brent lost 2.2 percent on Wednesday and on Oct 3rd it hit a four-year high of $86.74

Saudi Arabia to supply about four million barrels of extra oil to India in November: sources

India is Iran’s top oil client after China, though several refiners have indicated they will stop taking Iranian barrels because of the sanctions

ECC forms special committee to resolve stalled K-Electric sale

With Abraaj teetering on the verge of bankruptcy, was Arif Naqvi's meeting with PM Imran Khan meant to extract a return favour for the investment made in PTI's election campaign of 2013, as alleged by his ex-wife Reham Khan

Oil prices rise on signs that Iranian crude exports fall further

Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source

Hascol Petroleum completes acquisition of Marshal Gas’s LPG plant for Rs175 million

In March last year, Hascol Petroleum in partnership with Vitol formed a new company called VAS LNG (Private) Limited that will deal with the activities relating to the LNG sector.

Govt committed to establishing water & hydropower projects

LAHORE: The Federal Minister for Water Resources Muhammad Faisal Vawda said on Monday that the government was committed to constructing water and hydropower...

Oil drops as U.S. considers granting some waivers on Iran crude sanctions

International benchmark Brent crude oil futures were at $83.26 per barrel at 0352 GMT, down 90 cents, or 1.1 percent, from their last close

Kohinoor Power gives approval for merger with Saritow spinning mills

LAHORE: Kohinoor Power Company on Monday announced it had given an approval for its merger with Saritow Spinning Mills Company, which is...

Inject Rs400b into power sector for avoiding shutdown of power plants, says Senate panel

Cumulative receivables till the end of June 2018 ratcheted up to Rs824.3 billion, rising from Rs670 billion in FY17, said the report

Tarbela’s latest units synced with national grid

ISLAMABAD: The hydel resource development in Pakistan takes a giant leap forward, as the third and the last unit of Tarbela 4th...