LAHORE: The Punjab government has earmarked a huge sum of Rs20.431 billion for the energy sector, aiming to provide affordable energy to all segments of economy. The last fiscal year’s allocation for the sector was Rs10 billion. Out of total allocation, Rs4.555 billion would be spent on ...

Lahore- In a situation when Balochistan is the target of LEJ and BLA terrorists and the people are in a sate of shock due to the scale of devastation, it is downright pinching to see that other than a statement, the Prime Minister Mian Nawaz Sharif, did not come on TV and face the nation. This ...

LAHORE - Punjab Chief Minister Mian Muhammad Shahbaz Sharif on Sunday said that foreign and local experts were being consulted for resolving energy crisis which had caused irreparable loss to national economy and left a negative impact on industrial and agriculture sectors while trade and economic ...

Pakistan and China Friday signed a memorandum of understanding for cooperation in the fields of energy, mass transit, industrial cities and road sector projects. The MoU was signed between Ministry of Water and Power and China-based M/s Norinco International as a company’s delegation headed ...

A five member delegation led by Mr Wang Yitong, Chairman, China North Industries Corporation (NORINCO), called on Prime Minister Muhammad Nawaz Sharif at PM’s Office Thursday.The Chairman, NORINCO congratulated Prime Minister Muhammad Nawaz Sharif on the assumption of his office as the Chief ...

UNITED NATIONS -Pakistan has reaffirmed its commitment at the UN to deal with the country's multi-pronged challenges of poverty, education, energy, population and urbanisation, while seeking international cooperation to accomplish the tasks."Overcoming a shortage of more than 6,000 mw of energy and ...

The United States has assured to help Pakistan overcome energy crisis.The assurance was given by a delegation of the USAID at a meeting with Minister for Water and Power Khwaja Asif in Islamabad on Wednesday.Members of the delegation said 853 million dollars will be provided to the power generation ...

RAWALPINDI : President Rawalpindi Chamber of Commerce and Industry (RCCI) Manzar Khurshid Sheikh has said that current energy mix must be addressed in the upcoming budget and need to reverse it on emergency basis. “1.9m people are paying tax in the country out of 180m population, solid step ...

SIALKOTFederal Minister for Water and Power Khawaja Muhammad Asif said on Saturday that to end energy crisis and unbearable loadshedding of electricity was the top priority of the PML-N government.Talking to the party workers at his residence in Sialkot Cantt, he said that his government was making ...

SIALKOT- Federal Minister for Water and Power Khawaja Muhammad Asif said on Saturday that to end energy crisis and unbearable loadshedding of electricity was the top priority of the PML-N government. Talking to the party workers at his residence in Sialkot Cantt, he said that his government was ...

KARACHI  - Pakistan Fisherfolk Forum (PFF) held a meeting with the Asian Development Bank (ADB) team at its office and discussed concerns of environment conservationists about the proposed power plant in Jamshoro with funding expected from the Government of Pakistan [GoP] and the ADB. The ADB ...

LAHORE - Prime Minister Mian Muhammad Nawaz Sharif on Thursday vowed to take effective measures to utilise available resources to rid the country of crippling energy crisis, badly affecting economy and social life. He was presiding over a meeting on energy situation here at State Guest House where ...

Islamabad -Terrorism and acute energy crisis have emerged as the biggest challenges of Pakistan that have crippled the national economy and all political parties should develop a national agenda through consensus to address these burning issues to bring peace and turn around the economy.This was ...

Laurie Goering - The world has made important progress towards improving energy efficiency and using more renewable sources of power over the last two decades, but the gains have barely been enough to keep up with population growth and surging energy demand, a new UN-backed report suggests.In the ...

LAHORE (PR) :  ABB, the leading power and automation technology group, is set to showcase energy efficient equipment for the oil, gas and power industries.The 11th International Pakistan Oil Gas Energy Exhibition (POGEE) takes place from May 30 to June 1, 2013 at the Lahore Expo ...

Leader of PML-N‚ Ahsan Iqbal MNA-elect has said that the top priority of the new government would be to address the energy crisis in the country.Addressing a news conference after a meeting of party leaders here in Lahore on Wednesday‚ he expressed the hope that PML-N would succeed to ...

LAHORE - A delegation of the KfW Development Bank, Germany, headed by Dr Claudia Loy called on Wapda Chairman here on Monday and discussed with him the matters relating to financing of various hydropower projects.The KfW Development Bank is providing 97 million Euros for the construction of 122 ...

Pakistan has a special Energy Law, in which the Government of Pakistan agrees to pay a minimum agreed monthly payment to all power producers for the contract period, even if no power is supplied, this means that if the power plant is not operating, Pakistan would still pay the energy bill. In 2008, ...

LAHORE - The budget for the year 2013-14 must focus on energy sector as the country’s economic revival hinges on availability of cheaper and uninterrupted power and gas supply. This was the crux of a pre- budget forum on ‘Budget 2013-14: Expectations and Apprehensions’ held at ...

Energy is a prerequisite for economic development of a country. Pakistan is facing severe energy crisis for a couple of years fatally affecting its industries and power generation capacities. So, for reducing the increasing magnitude of energy shortage, a multi-billion dollars project “IP gas ...

LAHORE : Business community has congratulated Mian Muhammad Nawaz Sharif, Mian Muhammad Shahbaz Sharif, Hamza Shahbaz Sharif and recently elected parliamentarians on Pakistan Muslim League Nawaz platform on their historic triumphs in elections 2013 and hoped that PML-N governments in Centre and ...

Leader of the opposition in Senate, Senator Ishaq Dar met US Ambassador Robin Raphel in his chamber at Parliament house here Wednesday.Both sides discussed bilateral issues and emphasized the need for further enhancing cooperation in various fields. Dar stressed the need for US assistance in ...

Reportedly, Mian Nawaz Sharif is visualising a drastic cut in the period of the enervating power outages within barely 30 days of his assumption of the charge as Prime Minister. Talking to a private TV channel, he said that overcoming energy crisis would be his first priority and work would be ...

      Islamabad Prime Minister Justice (r) Mir Hazar Khan Khoso has directed the Finance Ministry to immediately release Rs22.5 billion to the Water and Power Ministry for provision of fuel to the thermal power plants to overcome the electricity crisis in the country. The direction ...

LAHORE - Caretaker Federal Minister for Water and Power Dr Musadiq Malik said shortage of funds and mismanagement were responsible for loadshedding.Addressing a joint press conference with Federal Minister for Gas and Petroleum Sohail Wajahat Ali Siddiqui at Wapda House here on Sunday, he said ...

ISLAMABAD - The PSO’s efforts to set up state-of-the-art oil refinery in Khyber Pakhtunkhwa, having capacity to process 40,000 barrel per day, would go a long way in meeting the growing energy needs. The facility, expected to be fully commissioned by 2016-17, will be set up through a ...

ISLAMABAD - Experts at a conference underlined the need for taking solid steps to effectively explore and utilize natural resources especially coal to meet the country’s growing energy needs. Presenting Energy Vision 2030 at a conference organized by IPRI and Hanns Seidel Foundation, ...

lahore - The Pakistan Economy Watch and the All Pakistan Anjuman-e-Tajiran on Friday observed that business community wants Shahbaz Sharif as energy minister to resolve energy crisis. “We have full faith in skills and selflessness of the former chief minister Punjab who can resolve the crisis ...

LONDON -Global oil prices slid on Wednesday as traders awaited the latest inventories report from leading world consumer the United States. In London early afternoon deals, Brent North Sea crude for delivery in June dipped 32 cents to $102.28 a barrel.New York's main contract, West Texas ...

lahore - Saghir Tahir, a civil engineer and an expert in energy conservation, has stressed upon the need of introducing energy codes, saying the government should also focus on energy conservation along with exploration. Talking to TheNation here on Tuesday, Tahir held that the past governments in ...