8 C
Islamabad
Thursday, January 17, 2019
Home Energy

Energy

Return News is Pakistan's 1st energy, industries, agriculture, business, industry, market and economy news aggregator. It brings Pakistan focused news from various national and international newspapers and news channels. For latest updates about economy and business landscape of Pakistan, please follow us.

LAHORE: The share of fossil fuel-based power generation has jumped by a whopping 38 percent since 2014-15, owing mainly to stagnation/reduction and no significant expansion in hydroelectric generation, The News learnt on Tuesday. Country’s hydroelectric share in energy mix has fallen from 32 percent in 2013 to 29 percent in...
KARACHI: Pakistan’s economy and the energy sector are currently betting on a new oil and gas discovery, as a consortium of foreign and local companies have started offshore spud work some 230 kilometres from Karachi where reserves are likely to be more than the Sui field. An exploration fleet consisting...
ISLAMABAD:  Following expansion in the power distribution network, the Pakistan Tehreek-e-Insaf (PTI) government is working on a plan to split the distribution companies in order to better deal with the consumers. Minister for Power Division Omar Ayub Khan on Tuesday told the Senate Standing Committee on Power that a committee was...
ISLAMABAD:  Prime Minister Imran Khan is set to seek liquefied natural gas (LNG) credit facility as well as revision in the agreed gas price from Qatar in an effort to support the Pakistan’s balance of payments during upcoming visit to the Gulf Arab nation. Saudi Arabia and the United Arab Emirates...
ISLAMABAD:  Lack of coordination among companies importing liquefied natural gas (LNG) also contributed to the recent gas crisis in the country, a report submitted to the prime minister states. Premier Imran Khan has directed that instead of giving foreign contracts to several companies, only one should be given the responsibility. According to...
ISLAMABAD:  Pakistan might face its worst gas crisis in the upcoming years as the Pakistan Tehreek-e-Insaf (PTI) government looks set to follow the same path as their predecessor to execute the politically motivated gas schemes, mainly in the constituencies of the Pakistan Muslim League-Nawaz (PML-N) parliamentarians. The PML-N government had formed...
ISLAMABAD: Hoping to overcome prevailing gas shortage, the government on Tuesday decided to announce a new power policy along with a 25-year composite energy strategy this month. This was the crux of a meeting of the Cabinet Committee on Energy presided over by Prime Minister Imran Khan. The meeting took...
KARACHI  :  In order to increase exports and ease the pressure on international payments, the Pakistan Tehreek-e-Insaf (PTI) government has decided to reduce power tariff for the exporters – an incentive that will improve Pakistan’s competitiveness in the global market. The Ministry of Energy (Power Division) has issued a notification, saying...
KARACHI:  Despite assurance from Prime Minister Imran Khan of uninterrupted gas and electricity supplies, the export-oriented textile industry is facing energy blackouts, said All Pakistan Textile Mills Association Sindh-Balochistan Region Chairman Zahid Mazhar in a statement issued to mediapersons. He said, “The low gas pressure is equivalent to having no gas...
KARACHI:  Sui Southern Gas Company (SSGC) released the much-awaited financial results for the year ended June 30, 2017, posting a consolidated profit of Rs1.47 billion against a loss of Rs5.86 billion in the preceding year. The turnaround in earnings was realised with a massive cut in gas development surcharge, gas losses,...

Opinion

nfc asad

Asad: between rock and a hard place

The beleaguered Finance Minister gets no respite. He is constantly in the line of fire; at times under friendly fire as well. He puts...