Pakistan rejects Trafigura, Gunvor LNG shipments
LONDON: Pakistan LNG Ltd has decided against awarding in a tender three liquefied natural gas (LNG) cargoes due to be delivered by...
Oil prices steady as OPEC expected to extend production cuts
SINGAPORE: Oil markets were stable on Thursday as rising U.S. crude production and inventories were countered by expectations that OPEC will extend...
KPOGCL CFO takes back allegations and leaves job
PESHAWAR: In a bizarre twist, Khyber-Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) Chief Financial Officer left his job and the city last...
Pakistan seeks price reduction in gas tariff of TAPI pipeline
ISLAMABAD: The government is seeking reduction in gas prices from Turkmenistan by linking it with Brent Crude Oil rates under a revised...
Car assemblers facing technical problems due to substandard fuel: PAMA
ISLAMABAD: Honda’s complain regarding substandard fuel being provided by OMC’s has opened a hornet’s nest, as it has led to a creation...
Endeavours to boost installed power capacity, generation bearing fruits
ISLAMABAD: The endeavours made during last four years have helped in boosting installed capacity of electricity in the country through various sources,...
OGRA to suspend license of OMCs based on Honda’s complaint
ISLAMABAD: The Oil and Gas Regulation Authority (OGRA) has received a report from the committee probing sale of adulterated petrol.
It was earlier...
Govt all set to launch media campaign for public to adopt solar energy
ISLAMABAD: Sensing the likely failure in getting rid of the load-shedding, the government is now all set to launch a media campaign...
PM chairs meeting on net hydel profits; issue amicably resolved
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a high-level meeting on the issue of net hydel profits here at the PM’s Office...
Mobile banking taking Pakistan at breakneck speed
ISLAMABAD: Pakistan is now one of the countries with incredible growth in the market of branch-less and mobile banking because of its...
HUBCO signs agreement with PPIB for 330 MW coal project in Thar block
KARACHI: Hub Power Company Limited (HUBCO), the largest independent power producer in Pakistan, has signed the implementation agreement for its one 330...
Nestle to reinvigorate its infant nutrition business
LONDON: Nestle, the world’s largest packaged food company, said on Wednesday it would reorganize its infant nutrition business to try to improve...
Vitol Dubai acquires 1.26m shares of Hascol for Rs126m
LAHORE: One of the world’s biggest independent oil trading entities, UAE-based Vitol Dubai Limited has purchased 1.26m shares of Hascol Petroleum Limited...
FBR extends super-tax on banks for FY 2017-18
ISLAMABAD: Federal Board of Revenue (FBR) has extended the enforcement of super-tax on banking companies for financial year 2017-18.
And FBR issued SRO...
US set to become leader in crude and gas production, says: IEA
LONDON: Oil will continue growing as a source of energy for over two decades, with the U.S. set to become the undisputed...