Hammad Azhar says that the government is taking all possible steps to avert the looming gas crisis in the country.
Azhar says that they have arranged 11 cargoes for the month of November.
He maintains that talks were underway with the companies about the LNG cargoes.
Economy
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Lahore-based startup Zarya — a business-to-business social commerce platform — has raised $1.7 million in pre-seed funding, the company announced…
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.
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.