Natural Gas Markets Beyond COVID-19

In a less spectacular fashion than oil, international natural gas prices have fallen. The explanation goes far beyond low demand related to the COVID-19 pandemic or demand in general. It relies on a much larger and more complicated array of factors that include supply and demand and oil pricing. Disentangling those various considerations can be helpful when trying to assess future…

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Innovation Can Unlock Faster Growth and Development in Asia and Pacific

MANILA, PHILIPPINES (3 April 2020)— Fostering greater innovation would bring faster and more inclusive economic growth in Asia and the Pacific, according to the theme chapter of the Asian Development Outlook (ADO) 2020 released by the Asian Development Bank (ADB) today. “Developing Asia invests 2.1% of its gross domestic product in research and development, but there are wide variations across countries,” said ADB…

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JS Bank bags 2 awards in Asiamoney Awards 2020

Karachi- 2nd April, 2020: Reflecting Pakistan’s growing stature in the international financial space, JS Bank, one of the country’s fastest growing financial institutions won the ‘Best bank for SMEs’ and ‘Best bank for CSR’ awards at the Asiamoney Awards 2020. The Bank has won the Asiamoney Best Bank for SME award in 2019 as well. 2019 was a year of growth and development at JS…

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Talks with LNG terminal cos

ISLAMABAD: Cabinet Committee on Energy (CCoE) has constituted a sub-committee to deliberate the matter on a summary moved by the Petroleum Division regarding negotiations with the LNG terminal companies. Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting of the CCoE on Thursday. On a summary of the Petroleum Division regarding negotiations with the LNG terminal companies,…

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Govt, IPPs gear up for crucial capacity payment talks

ISLAMABAD: Faced with increasing liabilities in the energy sector, a cabinet committee on Thursday decided to engage with private investors in the Liquefied Natural Gas (LNG) terminals and power projects to renegotiate terms of their capacity payments, return on equity and exchange rate indexation. A meeting of the reconstituted Cabinet Committee on Energy (CCoE) led by Planning Minister Asad Umar…

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Pakistan economy to loose 2.5 trillion due to coronavirus: report

ISLAMABAD: The federal government on Thursday worked out the impact of losses of pandemic COVID-19 virus on some sectors of the national economy and shared the initial assessment that total losses stood at the whopping figure of Rs 2.5 trillion, reported The News. Official estimates first time shared with a selected group of reporters in the aftermath of the outbreak of…

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