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May 23, 2018 12:00 AM NAB chief orders various complaint verifications

ISLAMABAD: Chairman National Accountability Bureau Justice (retd) Javed Iqbal on Tuesday ordered complaint verification against the Petroleum Division and other federal ministries for establishing companies allegedly in violation of law. The complaint verification was initiated on the complaint filed in the NAB that two years back, the Ministry of Petroleum 1

May 16, 2018 12:00 AM ExxonMobil eager to bring LNG supplies to Pakistan

Islamabad: ExxonMobil LNG Market Development, Chairwoman, Emma Cochrane, has said that Pakistan was a key strategic market for ExxonMobil and the company was eager to bring LNG supplies to fuel the country’s strong projected growth, says a press release. Whilst delivering her speech on LNG Market Development, during GEO, Board of Investment Conference 3

April 24, 2018 12:00 AM Pakistan, Iran agree to discuss IP gas line project

ISLAMABAD: Pakistan and Iran have agreed to discuss the way forward for implementation of IP gas line and to this effect the authorities concerned of both the countries will hold curial parleys in Tehran either by end of the current month or in early next month. The way forward will be worked out for materializing the project in the presence of US sanctions 14

April 14, 2018 1:15 AM Iran eyes CPEC with growing interest after port visit

KARACHI: Iran’s Minister for Roads and Urbanisation Abbas Akhoundi expressed keen interest in exploring avenues available under the China-Pakistan Economic Corridor (CPEC). The minister is leading a high level Iranian delegation which visited Karachi Port Trust (KPT) on Friday. Akhoundi also showed interest in transshipment cargo handling. He said that Iran is keen to work with Pakistan 3

April 4, 2018 12:00 AM Oil sales fall 7pc to 1.79MT

KARACHI: Oil sales fell seven percent year-on-year to 1.79 million tons in March due to a sharp decline in furnace oil sale, although consumption of retail fuels continued to increase on growing auto demand and infrastructure activities, brokerage reports said on Tuesday. Furnace oil sales slid 43 percent to 367,524 tons in March over the same month 13

April 2, 2018 12:00 AM Imminent verdict against them panics Sharifs: Imran

LAHORE: Predicting an end to the ‘mafia’ ruling the country, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said his party will safeguard the rights of all people including minorities after coming to power. Addressing the party activists at different camps, set up by the PTI in connection with its ongoing membership campaign, Imran Khan said here on Sunday 12

March 25, 2018 12:00 AM Sui Northern faces Rs20 billion loss

ISLAMABAD: The Sui Northern Gas Pipeline Limited (SNGPL) has landed in deep water after failure in the recovery of full price of costly RLNG which was extended to the residential sector to the Punjab in the winter season for 90 days. The RLNG of almost 250 million cubic feet per day was provided to the residential sector for the three months in the winter 8

March 19, 2018 12:00 AM Loadshedding may mar summer due to delay in RLNG power plants

ISLAMABAD: Pakistan LNG Limited (PLL) has exposed that three RLNG power plants of 3600 MW for Punjab, already delayed too much, will still not be available in near future, as only one is to be functional in April. It means that the country may not be rid of loadshedding this summer. “The scheduled imports of RLNG in the month of April as per the demand 5

February 19, 2018 2:26 AM Consumers charged higher than actual fuel cost

ISLAMABAD: Power distribution companies charged about Rs3 per unit higher than the actual fuel cost in January as a petition has been filed in the Natio­nal Electric Power Regu­la­tory Authority (Nepra), seeking approval of fuel adjustment for a month. In its petition, the Central Power Purchasing Agency-Guarantee (CPPA-G) repor­ted to Nepra that it had charged 12

February 11, 2018 12:00 AM Ogra supports indigenous gas production to bridge shortfall

KARACHI: Oil and Gas Regulatory Authority (Ogra) is pursuing a plan to encourage local gas production as the gap between supply and demand is expected to reach over six billion cubic feet/day (bcfd) within a decade, suggested an official document. “Consumer addition is increasing the gap between demand and supply (of gas) day by day,” Ogra said in the state 13