Rs7.5b released to CPPA for partial payment of circular debt

PSO supplied 750,000 tons of fuel to power plants during this peak consumption seasonIslamabad: With the circular debt mounting, the Ministry of Finance on...

Govt starts power generation from two ‘illegal’ RPPs

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) government has secretly granted permission for generation of electricity to those two rental power projects, which were declared as...

Ministry of information and technology seeks government approval to test 5G

MoIT forwards draft proposal to cabinet for 5G testingIslamabad: With 5G the next buzz in mobile internet technology, the Ministry of Information and technology...

Quaid-e-Azam solar power plant to be privatized

Quaid-e-Azam solar power project had attracted Rs3.8b investment from the Govt.of PunjabLahore: Quaid-e-Azam Solar Power Plant of 100MW capacity owned by the Punjab government...

IMC issues recall for 2,700 Toyota Corollas in Pakistan

IMC issues recalls for 2,700 Toyota Corolla's under "special service campaign."Karachi: The Indus Motor Company (IMC) on Thursday issued a recall under a special service...

Auto-parts industry on brink of collapse

Increase in regulatory duties hurting auto-parts industry, on the brink of collapse and endangering 200,000 jobs Karachi: Regulatory duties imposed by the government in the...

Government to spend Rs37.97m on appraisal of coal reserves

Rs37.97m to be spent on appraisal of coal reservesIslamabad: The government will spend Rs37.97 million more on the appraisal of huge coal reserves confirmed...

Wapda seeks 98pc rise in hydel generation tariff

KP demands 390pc increase in net hydel profit, Wapda seeks rise of 98pc in hydel tariff per unitIslamabad: The Khyber-Pakhtunkhwa (KP) government has demanded a...

Pakistan FDI inflows increase 56pc due to CPEC: UN report

Pakistan FDI inflows increase 56pc due to CPECIslamabad: A United Nations (UN) report entitled ‘World Investment Report 2017: Investment and the Digital Economy’ was...

Rs41b approved by ECC to pay IPPs and PSO’s outstanding dues

Rs41b approved by ECC for payments to IPPs and PSOIslamabadThe circular debt and power outages issue continues to create nightmares for the government. On...

13 coal power plants on the verge of completion

IslamabadSix power generation projects based on indigenous coal with cumulative capacity of 4,290 megawatts and seven projects based on imported coal with cumulative capacity...

LNG imports from Qatar unaffected says: Shahid Khaqan Abbasi

LNG imports from Qatar to continueKarachiShahid Khaqan Abbasi, Minister for Petroleum and Natural Resources on Wednesday gave a statement clarifying that LNG imports from...

Kohat cement to establish grey cement production line

KarachiIn a notification sent to the Pakistan Stock Exchange (PSX) on Tuesday, Kohat Cement has decided to establish a grey production cement line at...

IPPs payables reach Rs191b, may shut down their power plants

IslamabadThe IPPs Advisory Council (IPPAC) has claimed that till May 15th the figure of payables has reached Rs191b and if the payment isn't made...

Crude oil production stands at 24.2 mbl in nine months

Pakistan’s domestic crude oil production stood at 24.2 million barrels (mbl) in first three quarters of the current fiscal year as compared to 24...

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Former PSX chairman Richard Morin breaks his silence

The former CEO of the Pakistan Stock Exchange (PSX) Richard Morin has come out swinging against rumours surrounding his abrupt resignation as the boss...

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