ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) on Tuesday allowed release of Rs10 billion as subsidy and government bank guarantee up to Rs50 billion for Liquefied Natural Gas (LNG).
ISLAMABAD: Pakistan on Monday approved a rate of $9 per MMBTU for supply of LNG to export sector across the country. The country’s apex economic coordination body approved the rates to provide competitive environment to the export sector at par with regional economies. READ MORE: NEPRA to conduct public hearing on KE’s petition on July […]
ISLAMABAD: As Pakistan is facing with severe natural gas shortage for the last couple of years, it has started relying heavily on Liquefied Natural Gas (LNG), however, the government needs to explore other energy sources to save environment as well as financial spending on the LNG import. There are other green energy options like solar […]
KARACHI: Prudent planning and strategic thinking. Pakistan State Oil (PSO) has enabled considerable savings and created value for end users by taking the following steps: As of today, PSO has scrapped the spot tender for October 22-23, 2021, and replaced it with cargo under the long-term contract from Qatar Gas using contractual provisions and prudent […]
KARACHI: Pakistan’s domestic oil sales have jumped up by 26 percent to 1.97 million tons, which is the highest since May 2018. Analysts at Topline Securities said that oil sales are also up 1 percent Month on Month (MoM), whereas oil sales during the first two months of the fiscal year 2021/2022 clocked in at […]
KARACHI: Pakistan State Oil (PSO) has clarified reports about purchase of Liquefied Natural Gas (LNG) on higher prices. In a statement on Sunday the company clarified that: No cargo from long-term supply contract in September has been dropped or canceled by PSO as reported by certain media outlets. As per the Annual Delivery Plan (ADP) […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday demanded the government of withdraw its decision of increasing duty and taxes on CNG sector. In a statement FPCCI President Mian Nasser Hyatt Maggo said that the sales tax on LNG for CNG sector has been increased from 5 per cent to 17 […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved imposition of 10 percent regulatory duty on import of cotton. The decision has been taken on a summary moved by the Ministry of National Food Security and Research. The ECC which met with Dr Abdul Hafeez Shaikh, Advisor to the Prime Minister on […]
Islamabad – Federal Minister for Maritime Affairs, Syed Ali Haider Zaidi, commended the Port Qasim Authority on Tuesday for its strategic management in handling the docking of LNG ships at berths. Zaidi emphasized that this proactive approach has played a crucial role in mitigating the impending gas crisis.
KARACHI: At least two liquefied natural gas (LNG) ships have arrived for the first time at Port Muhammad Bin Qasim.