ISLAMABAD: With supply shortages and unsustainable average cost of gas, the government is going to withdraw subsidised gas rates of $6.5 per unit for the industrial sector as first part …
LNG
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EconomyLatest Updates
Winter is coming: Pakistan, brace yourself for an early gas crisis this year
by Umar Sohailby Umar SohailGas crisis in Pakistan around the corner as LNG trading companies willfully default on agreement for November. Under term agreement with Pakistan LNG Limited, Italy-based ENI was to deliver an …
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EconomyLatest Updates
Winter is coming: Pakistan, brace yourself for an early gas crisis this year
by Umar Sohailby Umar SohailGas crisis in Pakistan around the corner as LNG trading companies willfully default on agreement for November. Under term agreement with Pakistan LNG Limited, Italy-based ENI was to deliver an …
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday firmed up charging an additional Rs2.51 per unit fuel cost to consumers for electricity they consumed in September so that …
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Drop comes in wake of global commodity price hike that lifts demand for dollar
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EconomyLatest Updates
Winter is coming: Major gas crisis expected again in Pakistan
by Umar Sohailby Umar SohailGas deficit looms large as PLL fails to procure eight LNG cargoes. Energy ministry official says prices of LNG in spot market have increased mainly because of high demand by …
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Health & FitnessInternationalLatest Updates
16 LNG cargoes partially exempted from PPRA rules
by Umar Sohailby Umar SohailCargoes given exemption under section 21 of PPRA Ordinance, 2002, in “national interest”
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EconomyLatest Updates
Tarin unveils steps to curb imports ahead of IMF talks
by Umar Sohailby Umar SohailISLAMABAD: Conceding concerns over heating up of Pakistan economy, Finance Minister Shaukat Tarin on Wednesday announced steps — regulatory duties and cash margins — to curb imports ahead of negotiations …
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The previous record of the highest LNG price was that of $15.93 per unit (22.13pc of Brent) from Qatar Petroleum for Aug 29-30 delivery
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ISLAMABAD: State-run Pakistan State Oil (PSO) on Thursday got a better offer for Liquefied Natural Gas (LNG) from longtime friendly supplier Qatar Petroleum (QP) for delivery in the last week …