Business
Oil Prices Rise on Iran Supply Disruption Fears
Oil prices rose 1.5 per cent on Thursday, extending gains for a third day, amid concerns the United States could launch military action against Iran. Brent…
Energy
Energy
Power Tariff May Rise by Rs0.48 Per Unit
Electricity prices are likely to increase by Rs0.48 per unit for one month under fuel price adjustment mechanism, following a request submitted to regulator authority. The…
Energy
LESCO Puts Emergency Power Plan for Basant
The Lahore Electric Supply Company (LESCO) has placed its staff on emergency duty to ensure an uninterrupted power supply and handle any emergency during the Basant…
Energy
Wafi Energy And Hyundai Nishat Sign Lubricants Deal
Wafi Energy Pakistan Limited and Hyundai Nishat Motors have signed a strategic agreement for the supply of Shell lubricants for Hyundai vehicles in Pakistan. The contract…
Energy
Federal Minister Reviews Non-Crediting of Units to Net Metering Users
Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari has taken notice of the non-crediting of units to net metering consumers under the directives issued…
Energy
DISCOs Accused of Withholding Solar Credits
Power distribution companies have excluded millions of electricity units generated by solar consumers, leading to bills after units exported to the grid were not adjusted. According…
Energy
Petrol Pumps Must Install Digital Fuel Monitoring
The government has set a strict deadline for petrol pumps to install Automatic Tank Gauging (ATG) systems as part of a nationwide plan to digitalize the…
Energy
Energy Ministry Rejects Circular Debt Claims
The Ministry of Energy has rejected media reports claiming that power sector circular debt increased by Rs 223 billion during the first five months of the…
Energy
Lesco to Triple Authorised Capital to Rs200bn
The Lahore Electric Supply Company plans to increase its authorised capital by 300 percent, from Rs50 billion to Rs200 billion, sources told Business Recorder. The proposed…
Energy
Arbitration Looms Over Iran-Pakistan Pipeline
Pakistan has sought a fresh 10 year extension until 2035 from Iran to start the Iran Pakistan gas pipeline amid potential arbitration penalties risk concerns. The…
