Day: August 27, 2021

The LNG spot rates are hovering around $16/mmbtu. The Pakistan LNG Limited (PLL) has received bids for October and November deliveries at an average of $19.92/mmbtu and $19.39/mmbtu, respectively. For context, the average LNG spot price for PLL cargoes in October and November last year was $5.38/mmbtu. The PLL is yet to issue final evaluation report for the tenders floated for September 2021. It Is not clear whether PLL has received even one single bid for the five delivery windows for September at all. Recall that PLL had advertised for…

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The government has devised a concrete strategy to ensure access to affordable, reliable, sustainable and indigenous electricity for all by 2030. According to the three-year performance report of the government released on Thursday, it inherited multiple challenges in the power sector, including system constraints, fast rising circular debt, inefficiencies driven by corruption, theft, growing burden of tariff non-rationalisation and the lack of policy decisions leading towards shattering of confidence of foreign investors. Under the government’s vision, the most efficient and consumer-centric power generation, transmission and distribution system was being developed.…

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On 15 August the Taliban took over Kabul and declared their rule over Afghanistan. Taliban spokesperson Zabihullah Mujahid said at his first press conference that the Taliban would continue trading with neighbouring countries and steps would be taken to promote trade. Business people and traders in Pakistan widely welcomed the announcement and the Pakistan stock exchange (PSX) and the country’s bilateral trade with Afghanistan saw a short term sudden rise.  According to Spectrum Research, the local bourse settled the last week on a positive note by adding 430 points as…

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