Diesel oil price hiked by Rs4/liter; prices of other POL products kept unchanged

ISLAMABAD: The government has increase the price of high speed diesel oil by Rs4 per liter. The prices of other POL products have been kept unchanged for next fortnight with effect from... Read more »

OGDCL announces gas discovery in Balochistan

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Friday announced discovery of natural gas from its well located in the province of Balochistan. In a communication sent to Pakistan Stock Exchange... Read more »

Prices of petrol, diesel reduced for next fortnight

ISLAMABAD: The federal government on Sunday decided to reduce prices of petroleum products for next fortnight effective from November 16, 2020. A statement issued by the finance division said that the price... Read more »

HUBCO issues Sukuk wroth Rs6bn for capital requirements

KARACHI: The Hubco Power Company Limited (HUBCO) has issued Sukuk worth Rs6 billion for financing the ongoing capital requirement of the company. In a communication sent to Pakistan Stock Exchange (PSX) on... Read more »

Pakistan urgently needs solar, wind energy expansion to lower power cost: WB

ISLAMABAD: The World Bank (WB) on Tuesday launched a study suggesting that Pakistan should quickly implement a major scale-up of solar and wind generation. Variable Renewable Energy (VRE) Integration and Planning Study... Read more »

Electricity tariff reduced up to 50pc on additional usage to promote industries

ISLAMABAD: The government on Tuesday announced up to 50 percent reduction in electricity tariff on additional usage to promote industries in the country. Prime Minister Imran Khan announced a relief package for... Read more »

Govt. slashes prices of petrol, HSD

ISLAMABAD: The government on Saturday announced reduction in prices of petrol and High Speed Diesel (HSD) effective from November 01, 2020. In a notification issued by the ministry of finance said that... Read more »

Ogra imposes penalty of Rs10 million on Hascol Petroleum

KARACHI: Oil and Gas Regulatory Authority (OGRA) has imposed a penalty of Rs10 million and suspended the marketing license of the company for Khyber Pakhtunkhwa. Hascol Petroleum Limited in a communication sent... Read more »

Hubco plans generating Rs6 billion through Sukuk

KARACHI: The Hub Power Company Limited (Hubco) through its wholly owned subsidiary, Hub Power Holdings Limited, is in the process of finalizing issuance of Sukuk, a statement said on Monday. This represents... Read more »

World Bank to finance $1.15 billion for two power projects

ISLAMABAD: The World Bank will provide a concessional financing to support Pakistan’s two power projects. Prime Minister Imran Khan today witnessed the signing ceremony of two financing agreements worth $ 1.15 billion... Read more »