Gas 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 LNG cargo on November 26-27 and Singapore-based GUNVOR on November 19-20.
High-level meeting being held today (Monday) with officials from energy, petroleum and powers divisions to strategise way forward.
Economy
Tarin said, “There are certain conditions in the IMF agreement that require constitutional amendments and such changes cannot be effected because we lack a two-thirds majority in the parliament.”
ISLAMABAD: The government may increase petroleum prices by up to Rs8 per litre for the next 15 days if it…
Reza Baqir says the SBP is working with the government, banks, and other stakeholders to ensure sustainable growth.
The government and the IMF would soon announce the agreement to resume the $6 billion loan programme, says the SBP chief.
Says Pakistan’s economy has performed much better than predicted by the IMF last year.
Reaffirm commitment to Pakistan Stream Gas Pipeline project.
Inflation is projected to edge up in FY22 with the domestic electricity tariff hikes announced in October 2021, and higher oil and commodity prices before moderating in FY23.
ISLAMABAD: Recording fiscal deficit during the first two months of the current fiscal year unchanged at 0.9 per cent of…
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday firmed up charging an additional Rs2.51 per unit fuel cost…