United Energy to buy Kuwait Energy for $651m
Founded in 1992, United Energy acquired BP’s assets in Pakistan in 2011 for $775 million and has since invested heavily in that country,
Nimir approves Rs2b investment for expansion of caustic soda and other plants
LAHORE: Nimir Industrial Chemicals Limited has given go-ahead to a capital investment of Rs2 billion for the expansion of its caustic soda...
Water shortfall projected at 35-40 percent before start of Rabi season
Till September 20th, Balochistan faced the highest water shortfall of around 44 percent, Punjab 20 percent, Khyber-Pakhtunkhwa (KP) 21 percent and Sindh 16 percent
Gas price hike may push urea prices up to Rs128 per kg
The FMPAC spokesman said profits had touched their lowest ebb in the last six years irrespective of record revenues attained by major players
ECC postpones power tariff increase decision till next meeting
As a whole, these surcharges generate Rs100 billion per annum to service power sector loans and subsidies for the poor which ensures a uniform power tariff across Pakistan
Total PARCO, NH&MP join hands to ensure road safety
SHEIKHUPURA:Â Reinforcing a shared commitment to enhancing road safety on national highways and motorways, Total PARCO Pakistan Limited (Total PARCO) and the National...
Pakistan, Russia set to sign $10bn gas pipeline deal
The pipeline will be completed in three to four years
In a major breakthrough, Pakistan and Russia will sign a $10 billion offshore...
Khushhali Bank partners Greenlight Planet to address Pakistan’s energy constraints
HYDERABAD: Khushhali Microfinance Bank (KMBL), Pakistan’s largest microfinance bank, has partnered with Greenlight Planet, a global leader in solar home energy products, with...
‘Hike in gas tariff to increase price of cooking oil by Rs5 per kg’ Â
PVMA says higher prices of ghee will expand the epidemic of malnutrition in the country.
ISLAMABAD: Pakistan Vanaspati Manufacturers Association (PVMA) said on...
Brent oil jumps to four-year high near $81
LONDON:Â Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure...
Xiaomi in trouble after admitting it puts ads in phones
A Reddit user recently shared his experience of seeing more-than-frequent advertisements in Xiaomi’s MIUI app, which also includes the music application and...
USCS leads Pakistani delegation to solar power trade show
KARACHI:Â The United States Commercial Service (USCS) is leading a 15-member delegation of Pakistani companies to the Solar Power International (SPI) trade show,...
Scottish boat-like tidal turbine produces 3 GWh cheap electricity all year round
GLASGOW: Scotland’s Scotrenewables Tidal Power has shared the figures of its tidal energy 2MW prototype called SR2000, which has generated more energy in the past...
World oil demand, refining growth to peak in 2035 — Unipec
Improved energy efficiency and technological changes, including the rise of renewables, meant global oil demand growth would slow in coming years before...
Oil could rise to $100 by 2019 as global markets tighten, merchants warn
SINGAPORE: Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against...