Bangladesh plans to commission a new floating storage and regasification unit by 2028 to import liquefied natural gas (LNG), a government minister said on Friday. Dhaka is also planning to develop a land-based import terminal at Matarbari by 2030, Anindya Islam Amit, state minister for power, energy and mineral resources, said at the LNG Producer-Consumer […]
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KARACHI: A cargo ship carrying around 82,000 tonnes of liquefied natural gas (LNG) from Qatar arrived in Pakistan through the near-closed Strait of Hormuz, reported Anadolu news agency on Thursday. Al Marrouna, carrying LNG from Qatar’s Ras Laffan terminal, transited through the strait on Monday and docked at the Engro LNG Terminal at Port Qasim […]
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The government on Thursday increased the price of petrol by Rs3.05 per litre and that of high-speed diesel (HSD) by Rs5.37 per litre. Following the revision, petrol will retail at Rs370.80 per litre while HSD will cost Rs398.04 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and […]
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KARACHI: Bearish sentiment dominated the Pakistan Stock Exchange (PSX) on Thursday, pushing the benchmark index below 169,000 amid widespread panic selling by nervous investors for the fourth session in a row. Driven by heightened economic uncertainty stemming from high oil prices caused by supply disruptions and intensifying military conflicts in the Middle East, aggressive selling […]
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KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves surged by $1.2 billion to $18.328bn during the week ended on Sept 4. The central bank announced on Thursday that the increase in forex reserves was due to commercial loan proceeds received by the Government of Pakistan. The country’s overall liquid foreign reserves stood at […]
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ISLAMABAD: Amid complaints of inordinate delays in the processing of tax refunds on various pretexts, the Federal Board of Revenue (FBR) on Thursday told a parliamentary panel that it was allowed under the International Monetary Fund (IMF) programme to hold up to Rs390 billion in tax refunds at any time. The disclosure came after Senator […]
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ISLAMABAD: An International Monetary Fund (IMF) mission is due to visit Pakistan on September 23 for a biannual review of the country’s economic performance and implementation of the $7 billion Extended Fund Facility (EFF) and the $1.4bn Resilience and Sustainability Facility (RSF) for the period ending June 30, 2026. Pakistan is currently under a $7 […]
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ISLAMABAD: The National Assembly Standing Committee on Information Technology and Telecommunication on Thursday expressed serious concern over the poor quality of mobile and internet services and decided to summon telecom companies (telcos) to seek direct answers over persistent network problems. The committee was also informed by an official of the Engineering Development Board (EDB) that […]
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• Over 53,000 loans approved, Rs45.4bn disbursed among over 8,700 applicants• Premier assures new AJK prime minister of full federal support ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday ordered the provincial chief secretaries to conduct a comprehensive survey of properties which could be used to facilitate loans under the PM’s Apna Ghar Scheme. Presiding over […]
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