Gas infrastructure remains underdeveloped as Rs818bn GIDC awaits intended use
During the last nine years, the federal government has collected Rs818 billion as Gas Infrastructure Development Cess (GIDC), however, it has failed...
Govt committed to producing cheap power to meet growing needs: minister
LAHORE:Â Energy Minister Omar Ayub Khan has said that the government is focusing on alternate resources to produce cheaper power so as to...
Maple Leaf Capital raises stakes in Pioneer Cement to 10.9pc
KARACHI/LAHORE: Maple Leaf Capital Limited, in a notification issued to the Pakistan Stock Exchange (PSX) on Thursday, reported that the company has...
Rift among IPPs puts agreement with govt in jeopardy
The relations of independent power producers (IPPs) have hit a new low due to serious contentions over the recent agreement signed with...
NEPRA okays 86-paisa per unit increase in power tariff
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) on Tuesday approved Re0.86 per unit increase in power tariff on account of fuel cost...
Cabinet likely to approve nominations for PPL’s BoD election
ISLAMABAD: The federal cabinet is expected to approve nominations for election of directors to the board of Pakistan Petroleum Limited (PPL).
According to...
Oil refineries lament lack of inclusion in govt’s Euro-5 pricing formula
Oil refineries on Monday expressed reservations on the pricing formula for Euro-5 standard fuel and said that they were not consulted regarding...
Petro Division terms media reports regarding GIDC judgment as ‘misleading’
ISLAMABAD: The Petroleum Division on Saturday took note of misleading advertisements printed by some newspapers regarding the Supreme Court’s (SC) judgment in...
ECC delays decision on passing of fuel charge adjustments to consumers
ISLAMABAD: The Economic Coordination Committee (ECC) on Thursday failed to take a decision regarding the passing on of Fuel Charge Adjustments (FCA)...
Pakistan, Russia likely to decide fate of 1,100km North South Gas Pipeline next month
ISLAMABAD: Pakistan and Russia may take important decisions during the next month for the transportation of Regasified Liquefied Natural Gas (RLNG) from...
Cement exports fall 9.77pc to $22.9m during July
ISLAMABAD: The exports of cement witnessed a decrease of 9.77 per cent to $22.925 million during July 2020 compared to the exports...
OGRA may carry out UFG audits to verify gas losses
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Tuesday said that it may carry out independent verification of gas losses through unaccounted...
CCPA for Rs0.86 per unit hike in power tariff
ISLAMABAD: Central Power Purchasing Agency (CPPA) on Tuesday on behalf of power distributing companies urged National Electric Power Regulatory Authority (NEPRA) to...
Lucky Cement’s consolidated profit down 40pc to Rs7.32bn
LAHORE: Lucky Cement Limited on Monday released its financial results for the year ended June 30, 2020 announcing a 40 per cent...
Medicinal imports rise 11.6pc YoY in July
ISLAMABAD: The import of medicinal products witnessed an increase of 11.60pc in July 2020 as compared to the corresponding period of last fiscal year.
According...