Saindak project: SML-MCC lease contract period may be extended to 2037 ISLAMABAD: The government is likely to extend lease contract period of Saindak copper-gold project between Saindak... Updated 09 Feb, 2022 09:16am
Markets 218 co-generation units: PD finalises proposal for conducting efficiency audit ISLAMABAD: The Petroleum Division has finalised a proposal to conduct efficiency audit of 218 co-generation units... Updated 08 Feb, 2022 11:11am
Markets Determination of RLNG for KE plant: PD suggests amendments to Second Schedule of PL Ordinance ISLAMABAD: The Petroleum Division is said to have proposed amendments to the Second Schedule of Petroleum Products... Published 02 Feb, 2022 04:45am
Markets Gross Calorific Value tolerance: PD proposes alteration in power plants’ gas turbines ISLAMABAD: The privatisation process of two RLNG-fired power plants appears to have hit snags as Petroleum Division... Published 29 Jan, 2022 06:05am
Print Two urea fertilizer plants on SNGPL system: MoI&P needs Rs5bn subsidy for RLNG supply ISLAMABAD: Ministry of Industries and Production (MoI&P) is to seek supplementary grant of Rs 5 billion to ... Updated 27 Jan, 2022 09:55am
Business & Finance Circular debt: SNGPL blames fertilizer sector, domestic consumers ISLAMABAD: Sui Northern Gas Pipeline Limited (SNGPL) has termed fertilizer industry and domestic consumers as key... Published 27 Jan, 2022 04:05am
Markets Imported gas: govt encouraging companies to build onshore underground storage facilities ISLAMABAD: The federal government is encouraging the state-owned gas companies as well as private companies to build... Published 25 Jan, 2022 05:03am
Print Captive power plants: Power Div urged to initiate energy efficiency audit ISLAMABAD: Petroleum Division has requested Power Division to initiate efficiency audit of energy being consumed by... Updated 24 Jan, 2022 09:50am
Print Rs41bn supplementary grant: Petroleum Div faces resistance ISLAMABAD: Petroleum Division is reportedly facing resistance to smooth sailing of its proposal on supplementary... Updated 17 Jan, 2022 09:46am
Print KE seeks govt’s help in inking GSA with SSGCL ISLAMABAD: Karachi Electric (KE) has sought Petroleum Division’s help in finalization of Gas Supply Agreement ... Updated 14 Jan, 2022 09:49am
Print Surrender forex in interbank market: ECC approves cash incentive to ECs ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved fiscal incentive of ... Updated 01 Jan, 2022 09:40am
Print Loan for Sui gas companies: MoF urged to extend Rs24.19bn sovereign guarantee ISLAMABAD: Petroleum Division has requested Ministry of Finance (MoF) to extend sovereign guarantee amounting to... Updated 31 Dec, 2021 10:13am
Print Tarin starts playing role in revival of TSML? ISLAMABAD: Prime Minister’s Advisor on Finance and Revenue Shaukat Tarin is said to have started playing his role... Updated 24 Dec, 2021 10:21am
Pakistan Ali Raza Bhutta made secretary PD ISLAMABAD: The federal government has notified on Tuesday Power Division Secretary Ali Raza Bhutta as new secretary... Published 22 Dec, 2021 06:13am
Print CNG sector to remain shut till Feb 15: Gas load-shedding management plan approved ISLAMABAD: The Cabinet Committee on Energy (CCoE) has approved gas load management plan (2021-22), under which the... Updated 17 Dec, 2021 03:54pm
Print PD suggests conversion of FOTCO to fuel jetty ISLAMABAD: The Petroleum Division has reportedly proposed conversion of FOTCO to a purely furnished products/fuels... Published 16 Dec, 2021 04:00am
Business & Finance CCoE all set to mull over revised oil refining policy ISLAMABAD: The Cabinet Committee on Energy (CCoE) is all set to consider revised Oil Refining Policy 2021, along ... Published 16 Dec, 2021 04:00am
Markets CCoE to discuss proposal on oil import, port constraints ISLAMABAD: The Cabinet Committee on Energy (CCoE) headed by the Minister for Planning, Development and Special... Published 15 Dec, 2021 06:34am
Print Petroleum Div secy transferred ISLAMABAD: In a surprise move, the federal government, on Saturday, removed Dr Arshad Mahmood, a grade 22 officer... Published 12 Dec, 2021 04:19am
Print Approval to SME policy delayed: Gas from UEP’s fields to SSGCL approved by ECC ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved allocation of gas under commercial... Updated 11 Dec, 2021 10:03am
Markets Furnace oil: refineries make formal request to petroleum division ISLAMABAD: Local refineries reminded the Petroleum Division Thursday that they are supplying over 11 million MT per... Published 10 Dec, 2021 04:29am
Print Govt alarmed at depleting gas reserves Prime Minister Imran Khan directs long, medium and short-term plans be prepared to face the looming challenge Updated 07 Dec, 2021 03:22pm
Print Refineries: Petroleum Div has shared info on deemed duty with CCoE ISLAMABAD: The Petroleum Division has shared information on deemed duty of refineries with the Cabinet Committee on... Updated 04 Dec, 2021 10:08am
Markets Issue of RLNG supply to export-oriented industries: Federal govt accused of meting out ‘step-motherly treatment’ to Karachi KARACHI: The PM must stop repeated discrimination with the export industries of Karachi on supply of RLNG and direct... Published 03 Dec, 2021 04:31am
Print ECC grants increase in OMCs’, petrol dealers’ margin ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved enhancement of 71... Updated 02 Dec, 2021 09:27am
Pakistan Local refineries tell govt they’re heading towards ‘forced shutdown’ ISLAMABAD: Local refineries have asked the federal government to take immediate measures for High Sulphur Furnace ... Published 01 Dec, 2021 03:52am
Markets SSGC decides to suspend gas supply to CNG sector KARACHI: In adherence to Ministry of Energy (Petroleum Division), government’s approved gas load management plan... Published 30 Nov, 2021 05:23am
Print Cabinet meets today with heavy political, economic agenda ISLAMABAD: The Federal Cabinet, scheduled to meet on Tuesday (today), will discuss country’s political and ... Updated 30 Nov, 2021 11:00am
Markets Gas supplies to CPPs of Sindh, Balochistan to be discontinued KARACHI: In adherence to Ministry of Energy (Petroleum Division), Government of Pakistan’s priority order for gas... Published 28 Nov, 2021 05:38am
Markets Permanent licences: PD asks Ogra to expedite work on renewal cases of POL importers ISLAMABAD: On the recommendations of Federal Tax Ombudsman Dr Asif Mehmood Jah, Ministry of Energy (Petroleum... Published 27 Nov, 2021 05:08am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?