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...
SHC grants bail to 5 suspects allegedly involved in Rs63bn oil scam
The Sindh High Court (SHC) on Wednesday granted bail to the five suspects arrested by the National Accountability Bureau (NAB) over their...
ECC clears IT ministry’s proposal for approval of NTC budget estimates
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday cleared the Ministry of Information Technology’s (IT) proposal regarding approval of budget...
Urdu version of AAOIFI’s Shariah Standards launchedÂ
KARACHI: The Islamic banking industry of Pakistan, in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and contribution from...
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
PIBTL working on setting up LPG import facility at Port Qasim
Port Qasim Authority (PQA) Chairman Asad Rafi Chandna said it was working to develop another natural ship navigation channel
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
Landlords found evading taxes, sent notices by FBR
It has come to the fore, that three out of four people who were declaring agriculture as the source of income aren’t paying tax on agriculture income in provinces
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
Pakistan’s energy sector asked to adopt EU’s safety regime
KARACHI:Â It is high time for the oil and gas sector of a developing country like Pakistan to adapt to most updated, stringent,...