Author: Admin

Pakistan, Uzbekistan Set $2 Billion Bilateral Trade Target

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ISLAMABAD: Pakistan and Uzbekistan have set an ambitious target of increasing bilateral trade to $2 billion within the next five years, while direct air connectivity between the two countries is expected to expand to nine weekly flights by October 2026, reflecting growing economic and strategic cooperation. The announcement was made at a reception hosted by the Embassy of Uzbekistan in Islamabad to mark the country’s 35th Independence Day. The event was attended by Federal Minister for Energy Sardar Awais Ahmad Khan Leghari, senior officials, diplomats, parliamentarians and business leaders. Uzbekistan’s…

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Govt blames war, closure of Strait of Hormuz for loadshedding

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ISLAMABAD  –  The federal government on Monday blamed the ongoing Iran-US war and the closure of the Strait of Hormuz for the current power loadshedding. In a press conference, Federal Minister for Energy Awais Leghari and Minister of State for Petroleum Ali Pervaiz Malik said that energy markets are facing severe challenges due to the prevailing situation in the region. The ongoing Iran-US war and the closure of the Strait of Hormuz have led to the current loadshedding. They appealed to the public to bear the hardship for a few…

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Pakistan rejects sole $26.969 LNG bid as too costly amid Qatar supply disruption

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ISLAMABAD: Pakistan has rejected the sole bid for an emergency liquefied natural gas cargo sought amid disrupted supplies from Qatar because the offer was higher than expected, a petroleum ministry official said on Tuesday. State-owned Pakistan LNG Limited (PLL) had sought a spot cargo of 140,000 cubic meters for delivery at Port Qasim in Karachi between Sept. 4 and 8 as Islamabad looks to cover energy requirements amid disruptions caused by the US-Iran conflict. “Yes, the PLL Board rejected the LNG spot bid,” a petroleum ministry official told Arab News…

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Pakistan floats tender for LNG cargo as gas shortage fuels power outages

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Pakistan LNG Limited (PLL) has invited bids for a spot LNG cargo for early September as a shortage of re-gasified liquefied natural gas (RLNG), particularly for power generation, continues to contribute to prolonged electricity outages. PLL issued the tender on August 30 for 140,000 cubic metres of LNG, with a plus or minus 5% tolerance, for delivery at Port Qasim, Karachi, between September 4 and September 8, 2026. The cargo will be delivered on a Delivered Ex-Ship (DES) basis to the Pakistan Gas Port Consortium Limited terminal.  PLL will select…

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Govt apologises to nation for power loadshedding

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ISLAMABAD: The federal government on Monday apologised for load shedding during night hours, attributing the situation to non-availability of contracted LNG from Qatar, which has rendered power plants with a combined capacity of around 5,000 MW unable to operate. In a joint video message, Federal Minister for Power Sardar Awais Ahmad Khan Leghari and Federal Minister for Petroleum Ali Pervaiz Malik explained the reasons behind the shortage of RLNG and the resultant load management across the country, including areas with high distribution losses. “There has been no shortage in supply…

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