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 ...

ISLAMABAD -  The Eni Pakistan, in a joint venture with the PPL and KUFPEC, recently made a new discovery of the gas, showing potential to efficiently meet the country’s energy needs. “The production testing gas flowed 33 million cubic feet per day is highlighting an excellent ...

ISLAMABAD : A special duty cell has been established in Finance Division during election-2013 to monitor continuous supply of energy during polls. Dr Khaqan Hassan Najeeb, Director General (ERU) is the focal person of the Cell. The Cell No of the Focal Person is (0307-5555455). The Cell will be ...

Turkmenistan wants to help in energy sectorISLAMABAD (INP): Turkmenistan has abundant natural gas resources and is interested to help Pakistan in energy sector for improving its economy and bringing the two countries further closer. These remarks were made by Atadjan N Movlamov, Ambassador of ...

LONDON  - Global oil prices edged lower on Wednesday in cautious trading before publication of the latest inventories report in the United States.Brent North Sea crude for delivery in June dropped 54 cents to $103.86 per barrel in London early afternoon deals. New York’s main contract, ...

Islamabad - Federal Minister for Water and Power, Dr Musadik Malik has said that the matters related to alternative energy projects should be finalized as early as possible so that the projects are completed without any further delay.He made these directions while presiding over a meeting of ...

Islamabad - Centuries-old historical and cultural links between the brotherly people of Pakistan and Tajikistan provide a strong basis for further enhancing their economic, commercial and trade relations.These remarks were made by Gononov S.Sherali, Ambassador of Tajikistan in Pakistan while ...

lahore -  Widening energy demand-supply gap is posing a major challenge to Pakistan economic health, which is estimated to have curtailed GDP growth by 200bps in last few years, financial experts said.After a brief tilt toward expensive imported oil in FY11 though the reliance on indigenous ...

lahore - The Buksh Foundation and LPP held inauguration of ‘Lighting a Million Lives’ project. This event celebrated the completion of the first phase of the LAML project in district of Lodhran, whereby 4 villages were electrified in this phase; impacting 2,500 individuals directly ...

islamabad - Pakistan Institute of Development Economics (PIDE) published an analysis on manifestos of Pakistan’s political parties titled, “A Socio-Economic Assessment of Manifestos: Election 2013”.This analytical review presents a broad overview of the parties’ take on ...

islamabad - Caretaker Federal Minister for Water and Power Dr Musadik Malik has said that Pakistan has great potential of renewable energy and policies should be devised to attract the investors in this sector by facilitating them. He added that the AEDB should play its role as a one-window ...

ISLAMABAD : The annual Oil & Gas Forum-2013 will be held here on May 30 with focus on implementation of sectoral policy and to find practical solutions to challenges of energy requirements in the country. Shamrock Conferences International will organize the Forum with theme on "Exploring and ...

lahore - In a bid to challenge the PML-N claim over the provincial capital in general polls, The PTI on Thursday launched second round of its election drive under the leadership of party chief Imran Khan. The PTI has been successful in staging good power shows in NA-124, 125, 126 and 130 of the ...

ISLAMABAD/SARGODHA - Former premier Nawaz Sharif asserted on Wednesday his party had the vision and agenda to deal with the plethora of issues facing the country, imploring to the masses to vote the PML-N to power to put Pakistan on the path of progress and development. “We have the vision, ...

islamabad - A three-member committee comprising Federal Ministers for Petroleum, Water and Power and Adviser on Finance has been constituted to review the energy situation and give its recommendations with a view to improve the power situation in the country.This decision was taken by Prime ...

islamabad - A four-member delegation of USAID, led by Jonathan M Conly, called on Federal Minister for Water and Power Dr Musadik Malik on Thursday and discussed various matters of cooperation in power sector, improvements in Discos and financing for power projects.A statement issued by the power ...

islamabad - Former Federal Minister, Dr Asim Hussain on Tuesday claimed that former government had taken effective steps to meet the demand of electricity in the country.Hydel power plants were producing 6000 MW electricity in Pakistan, he added.He stressed on the need to utilize the coal for ...

The PPP is naturally apprehensive about the adverse impact of the unprecedented loadshedding during its tenure on its electoral fortunes in the coming elections. In frustration, it is making desperate efforts to mislead the nation through expensive full-page advertisements that “if the PML-N ...

karachi - Urgent steps are needed to safeguard confectionary industry as if government not took the serious measures thousands of workers will become jobless.Chairman All Pakistan Confectionary Association Javaid Abdullah has said loadshedding and gas curtailment badly affected the industry while ...