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World

Reuters
Dec 20, 2024

Trump wants EU to buy more US oil and gas or face tariffs

The European Commission said it was ready to discuss with the president-elect how to strengthen an already strong relationship, including in the energy sector.

Pakistan

Web Desk
Dec 14, 2024

Govt terminates agreements with six more IPPs

The IPPs whose tariff revisions have been approved include JDW, Chiniot Power, Hamza Sugar, Al-Moiz Power Plant, Thal Industries, and Chenar Energy.

Business

Web Desk
Sep 28, 2024

Textile sector warns of crisis as govt redefines gas supply priorities

The government has revised its gas supply priority order, placing domestic and commercial consumers at the top, while industries have been relegated to the last priority.

Business

Web Desk
Aug 27, 2024

AGP audit report exposes Rs4.5 trillion losses in Pakistan’s power sector

The Auditor General of Pakistan (AGP) has uncovered widespread financial mismanagement and losses amounting to Rs4.5 trillion in the country’s power sector, further exacerbating the ongoing energy crisis.

Business

Web Desk
Jun 25, 2024

Govt to launch $10 billion oil refinery project to address energy crisis

The government, in collaboration with the Special Investment Facilitation Council (SIFC), has taken a significant step towards tackling the nation’s energy crisis.

Business

Web Desk
Mar 13, 2024

Rising LPG prices burden Pakistanis amidst inflation woes

The burden on Pakistan’s citizens, already strained by soaring inflation, has intensified as cooking costs escalate

Business

Web Desk
Feb 21, 2024

Energy affordability plummets as tariffs reach new highs

The power sector in Pakistan is facing a critical situation as industrial power tariffs surge to approximately 17 cents per kWh.

Pakistan

Web Desk
Jan 07, 2024

Outages worsen: no gas and electricity for Rawalpindi citizens

Rawalpindi residents are grappling with an enduring gas pressure issue, further exacerbated by frequent electricity outages.

Business

Web Desk
Oct 13, 2023

Pakistan plans to import up to one million tonnes of Russian oil every year

Caretaker Energy Minister, Mohammad Ali, revealed that Pakistan is considering entering into a long-term agreement to purchase between 0.7 million and 1 million tonnes (equivalent to 20,000 barrels per day) of Russian oil annually.

Business

Web Desk
Oct 11, 2023

Threefold increase in gas prices expected

The government is preparing to announce a significant gas price increase of up to 200 per cent, effective from October 1, according to sources familiar with the matter.