OGDCL declares over 15 percent decline in annual profit

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Monday announce financial results and declared over 15 percent decline in annual profit mainly because of lower sales during the year. In its... Read more »

Policy issued for import of petroleum products

ISLAMABAD: The ministry of commerce has issued policy for import of petroleum products through under the new Import Policy Order, 2020. The ministry issued SRO 902(I)/2020 dated September 25, 2020 to notify... Read more »

Gas utility issues disconnection notices to Sindh hospitals

KARACHI: Sui Southern Gas Company (SSGC) on Friday warned Sindh administration of disconnecting gas supply to its hospitals on non-payment of outstanding. The gas utility issued notices to Sindh government hospitals mainly... Read more »

K-Electric experiences cyber-attack

KARACHI: K-Electric Limited, the power utility, has experienced an attempt of cyber-attack causing disruption in its few services, said a statement on Thursday. In a notice sent to Pakistan Stock Exchange (PSX),... Read more »

PSO declares annual loss of Rs6.46 billion

KARACHI: Pakistan State Oil Company Limited (PSO) on Tuesday declared Rs6.46 billion loss for the year ended June 30, 2020, according to financial results of the company submitted to Pakistan Stock Exchange... Read more »

Engro Powergen approves revised IPPs-government MoU

KARACHI: The Board of Directors (BOD) of Engro Powergen Qadirpur in a meeting held on Monday approved the revised terms of Memorandum of Understanding (MoUs) between Independent Power Producers (IPPs) and the... Read more »

K-Electric declares 48 percent decline in profit after tax payment of Rs2.02 billion

KARACHI: K-Electric, the power utility producing and supplying electricity to Karachi city, has paid Rs2.02 billion as taxes during half year (July – December) 2019/2020 which brought down the company’s net profit... Read more »

Domestic oil sales increase by 3 percent in July

KARACHI: The domestic oil sales have registered three percent growth in July 2020 owing to higher demand of furnace oil for power generation and improved economic activities. According to details the total... Read more »

Petrol price increases to Rs103.97 per liter

ISLAMABAD: The government has increased prices of petroleum products effective from August 01, 2020. The price of petrol has been increased by Rs3.86 per liters. According to a statement issued on Friday,... Read more »

KE starts updating information of industrial, commercial consumers for tax purpose

KARACHI: K-Electric has launched updating details of industrial and commercial consumers, which is mandatory under income tax law. The company, which is providing electricity to 2.5 million consumers including residential, commercial, industrial... Read more »