Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Board of Revenue (FBR) has formed a committee comprising officers of both Inland Revenue and Customs to curb smuggling of petroleum products, which has been causing irreparable…
KARACHI: Engro Powergen Thar (EPTL) has announced that electricity from the first unit was successfully pumped into the system, realizing the nation’s dream of producing electricity through Thar coal.EPTL –…
KARACHI: From Jan 2020, International Maritime Organization (IMO) will enforce new emissions standards to curb pollution i.e. ships are required to use fuel oil with a sulfur content of less…
ISLAMABAD: Siemens has expressed interest in partnering with Pakistan for developing energy landscape of the country, i.e. a mix of conventional and renewable energy projects. Chairman of Siemens will be…
ISLAMABAD: The meeting of Cabinet Committee on Energy (CCOE) was held, chaired by Finance Minister Asad Umar, here today. The Committee considered various proposals to make recovery on fast track…
KARACHI: During February 2019, PVC and PTA margins went down by 19.1% and 13.4% to USD 381/ton and USD 115/ton, respectively. However, PSF margins registered an increase of 4.3% to…
KARACHI: Three solar power projects have approached National Electric Power Regulatory Authority (NEPRA) seeking tariff for their generation facilities of a cumulative 130 MW being developed with a cumulative investment…
ISLAMABAD: Pakistan and Turkmenistan inked the finalized version of the Host Government Agreement on the Turkmenistan Afghanistan Pakistan India (TAPI) Gas Pipeline network in Islamabad on Tuesday. Turkmenistan Government also…
ISLAMABAD: Pakistan and Turkmenistan will establish a working group to discuss and finalize negotiations on electricity transmission line from Turkmenistan to Pakistan via Afghanistan. The decision was taken in a…
KARACHI: Economic Coordination Committee (ECC) has approved proposal of Ministry of Energy based on request by Pakistan Petroleum Ltd for allocation of up to 9 mmcfd gas from Fazl X-1…
KARACHI: Engro Corporation announced the appointment of Ahsan Zafar Syed as the Chief Executive Officer of Engro Energy Limited (EEL) – a wholly owned subsidiary of Engro Corporation Limited (ECORP).…
KARACHI: Ministry of Energy on Friday issued a Rs200 billion ‘Pakistan Energy Sukuk’, which, according to a statement shared by Meezan Bank Limited (MBL), is “the first of its kind”.…
KARACHI: The government has increased the prices of petroleum products, in the range of Rs2.5 to Rs4.75 per litre for the month of March 2019. The price of Motor Spirit…
ISLAMABAD: The Cabinet Committee on Energy (CCoE) in its meeting chaired by Finance Minister Asad Umar on Wednesday, approved proposals from Power Division providing for all future Renewable Energy investments…
KARACHI: Pakistan LNG Limited and Pakistan LNG Terminals Limited, both operating under the governance of Ministry of Energy (Petroleum Division), have invited bids for internal audit services to audit the…
KARACHI: InfraCo Asia Development Pte. Ltd (InfraCo Asia), a company of the Private Infrastructure Development Group (PIDG), is hoping to open up future private sector investment in small hydropower projects…
KARACHI: Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tonnes to…
KARACHI: Oil & Gas Development Company (OGDC) unveiled its quarter ended December 31, 2018 (2QFY19) profit after tax at Rs30.02 billion (EPS – Rs 6.98) versus Rs19.66 billion (EPS –…
KARACHI: National Electric Power Regulatory Authority (NEPRA) has awarded a 25-year levelized tariff of Rs5.846/kWh for Burj Capital’s Burj Wind Energy Pvt Ltd’s 13.8MW power plant. Burj wind Energy had…
LONDON: Oracle Power PLC has raised £500,000 to help fund its share of the pre-development project work at its electricity plant in Pakistan. Along with Chinese energy giant Beijing Jingneng…