Month: July 2022

Pakistan Businesses Forum (PBF) says country is facing severe economic challenge with unprecedented loss of value of our currency against dollar on a daily basis. Prime Minister Shehbaz Sharif should immediately activate the National economic council on the lines of NCOC and on-board all political parties, he said adding services chief’s of the armed forces should also to be made a part of it, so as to make day to day decisions on Pakistan’s economy. “It’s now and never. One must understand survival of the economy is imperative.” PBF Senior…

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The ECC “approved RLNG rate at $9 per mmBtu, all-inclusive to five export-oriented sectors across Pakistan for existing gas connections,” said an official statement, adding the ECC also recommended to the federal cabinet to raise the tariff of indigenous gas for export-oriented sectors at Rs1,350 per mmBtu and general industry at Rs1,550 per mmBtu. This will mostly apply in Sindh where the current price for export and general industry stands at Rs820 and Rs853 per mmBtu, respectively, showing an increase of almost 65pc and 82pc. The RLNG to five export…

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Pakistan Postal Services on Monday issued a commemorative postage stamp of Rs 20 on the completion of 100 years of successful operations of Attock Refinery Limited (ARL). ARL, a pioneer of crude oil refining in this part of the world is a member of the Attock Group of Companies, the only fully integrated group covering all segments of Oil and gas industry from exploration, production and refining to marketing of petroleum products, besides being also engaged in power generation, manufacturing and trading of cement and other entrepreneurial activities. Following discovery…

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The maritime sector is the bedrock of Pakistan’s economy as more than 90% of our trade is carried out by seas. Pakistan has huge maritime potential and its economic development is intrinsically linked to the development of maritime sector. Lack of awareness about the maritime sector keeps us away from utilizing the blue benefits. Pakistan Navy, as a major stakeholder, is shaping the maritime mindset across the country to create the necessary awareness to harness the potential of our blue economy. To this end, the Pakistan Navy under the auspices…

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Bangladesh will not buy liquefied natural gas (LNG) on the spot market in the coming months due to a steep rise in prices, two sources with direct knowledge of the matter said on Wednesday. The south Asian country has not bought any spot LNG cargoes this month despite the country returning to frequent “load-shedding”. “There is no plan to import spot LNG cargoes in the next two months,” one government official said. Petrobangla is in charge of LNG imports in Bangladesh, which include daily imports of about 300-400 million cubic…

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