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Power plants at mouth of gas fields to produce 1,000MW

ISLAMABAD:  The Ministry of Petroleum and Natural Resources has made a strong case for installation of power plants at the mouth of g...

Free trade pact with Gulf states still a far cry

ISLAMABAD: After a lapse of 10 years, Pakistan is yet to pursue the Gulf Cooperation Council (GCC) for holding third round on conclusi...

Despite power price hikes, inflation falls to 17-month low of 5.8%

ISLAMABAD:  Despite a 25% increase in electricity prices implemented through surcharges and floods disrupting food supplies, inflation h...

Massive increase in gas tariff likely

ISLAMABAD: Amid a controversy over excessive power billing, the government is set to face another wave of public outcry as gas tariff ...

Resolving power crisis: Chalking a plan to set up power plants near gas fields

ISLAMABAD:  In a desperate attempt to overcome the persistent power crisis, the government is working on a plan to set up power plants...

New Islamabad airport close to completion

ISLAMABAD:  More than 90% work on the new Islamabad International Airport (IIAP) has been completed and the facility is expected to be...

Nepra amends licenses of govt-owned power companies

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has made amendments in the licenses of government-owned power sector...

Cotton production target may be missed

ISLAMABAD:  The Cotton Crop Assessment Committee (CCAC) has said that the country may miss the cotton production target this year foll...

Nandipur plant: Power minister protests Punjab’s meddling in affairs

ISLAMABAD: The federal government has voiced its anger over what it calls interference by Punjab in implementing the 425-megawatt Nand...

The green light: Government approves Rs30b worth of projects

ISLAMABAD:  The federal government has approved about Rs30 billion worth of new projects including the construction of a campus of Uni...

Textile, clothing exports fall in July-August

ISLAMABAD: Pakistan’s export of textile and clothing fell by over five per cent in the first two months of the current fiscal year from ...

Pakistan, India: New trade routes will give a push to ties, says diplomat

KARACHI:  Indian High Commissioner Dr TCA Raghavan has called on Delhi and Islamabad to talk about opening more trade routes including...

ADB to support Bhasha dam project

ISLAMABAD: The Asian Development Bank (ADB) has said that despite its limited financing capacity it would support the Diamer-Bhasha dam to...

ADB warns economy could suffer from political impasse

ISLAMABAD: Asian Development Bank (ADB) President Takehiko Nakao warned Wednesday the ongoing political impasse could damage Pakistan...

Pakistan ‘least efficient innovator’ in Asia

ISLAMABAD: A new ‘Creative Productivity Index’ (CPI) developed by the Asian Develop­ment Bank (ADB) and Economic Intelligence Unit (EIU)...

Cost of Nandipur Power Project skyrockets to Rs84 billion

ISLAMABAD: Amidst criticism, the cost of the much-hyped Rs27 billion Nandipur Power Project is now a staggering Rs84bn, making it the mo...

200mmcfd of imported LNG approved for CNG users

ISLAMABAD: Reviving hopes of CNG users, the government   on Thursday   decided to divert a part of liquefied natural gas (LNG) expected ...

Forbes 2000 list: PSO enters elite club of biggest publicly traded firms

ISLAMABAD:  Pakistan’s oil market leader and dominant state-owned company – Pakistan State Oil (PSO) – has joined the prestigious club o...

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