Govt dismisses demand to provide Rs6.6 billion subsidy on local sugar sale

Another request of the sugar industry to permit state-owned Trading Corporation of Pakistan (TCP) to procure 20,000 tons of sugar from the millers was also rejected by the government

With PM taking personal interest will the K-Electric deal finally materialize?

On news of SEP’s delegation meeting with the PM, led to a surge in selling and buying of K-Electric shares and it ended Friday as the market volume leader with 13.90 million shares traded

Turkmenistan requests Pakistan to initiate work on TAPI pipeline from 2019

Turkmengaz was nominated as consortium leader in August 2015 with 85% shareholding and Pakistan, India and Afghanistan having 5% shares each

Karkey’s efforts to get court verdict enforced may cause financial doom for Pakistan

After the court ruling, Karkey visited Germany, US and UK to get the verdict enforced against Pakistan and this puts the country's foreign assets at risk of being taken over as security to enforce the court's verdict and pay the damages to the Turkish company

PLL convinces Gunvor to supply rescheduled LNG cargo in December

PLL has also called tenders for supply of additional LNG cargo's to the country during January and February 2019, said sources

Asia oil and LNG markets are both swamped, so why are prices poles apart?

Oil markets moved from backwardation in October into contango from November due to an emerging glut & LNG markets are also clotted, with several tankers storing the fuel sitting off the region’s energy trading hub of Singapore

OPEC yet to agree final deal as Iran seeks exemptions: sources

VIENNA: Iran appears to be the main obstacle for an OPEC oil output deal on Friday as the group’s leader Saudi Arabia has yet...

GE’s push to fix power turbine problem goes global

GE is setting aside $480 million to repair its 9HA, 7HA and 9FB model turbines as it restructures its power business

E&P entities made 13 oil and gas discoveries in past four months

Oil and Gas Regulatory Authority had given permission to gas companies to issue 0.3 million gas connections for the current years against the demand of 0.6 million

Asian shares rise on Wall Street gains amid trade friction

Japan’s benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia’s S&P/ASX 200 gained 0.5 percent to 5,685.50 in early trading

Oil drops as OPEC makes supply cut dependent on Russian support

Oil producers have been hit by a 30 percent plunge in crude prices since October as supply surges just as the demand outlook weakens amid a global economic slowdown

IMF calls for further adjustments in exchange rate and monetary policy

The IMF called for 22% further hike in power tariff to address the problem of circular debt

Federal cabinet approves uninterrupted, subsidised gas for export industry

ISLAMABAD: Contrary to the decision of the apex court, the federal cabinet on Thursday approved approximately Rs25 billion worth subsidy for uninterrupted supply of gas...

Pakistan LNG says Gunvor, Trafigura, Vitol qualify to supply spot LNG

Pakistan LNG is seeking three LNG cargoes for delivery over Jan. 21-22, Feb. 3-4 and Feb. 21-22

PGP still interested in establishing Pakistan’s third LNG terminal

The AG chairman declared the terminal will be commissioned in the 1st quarter of 2020

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PM likely to sack entire economic squad

Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance...

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No duty payable on phones being used on roaming for less...

For these phones to be registered, Mr Azhar said it can be done at either the airports or in any of the Customs houses across the country and phones aren’t detained during the process of registration/duty payments