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Industry

  • SNGPL Refuses to Sell RLNG Without Recovery Mechanism For Arrears

    Sui Northern Gas Company Limited (SNGPL) has refused to sell Regasified Liquefied Natural Gas (RLNG) to domestic and commercial consumers unless a mechanism is approved by the federal government, Business Recorder reported on Monday. The Economic Coordination Committee (ECC) had decided in its meeting held on July 3, 2020, that OGRA will provisionally allow the recovery of…

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  • Singaporean Company Places Lowest Bids to Pakistan LNG Tenders

    Pakistan has received bids for two cargoes of liquefied natural gas (LNG) of 140,000 meters each from multinational commodity trading company Gunvor Singapore, a national daily reported. In response to an international tender issued by the state-owned Pakistan LNG Limited (PLL) in September, Gunvor Singapore placed the lowest bids at 14.2277 percent for 8-9 November…

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  • Plastic imports increase 3.78% in two months

    The imports of plastic materials into the country has witnessed an increase of 3.78 percent during the first two months of current financial year 2020-21, as compared to the imports of last year. According to the Pakistan Bureau of Statistics, Pakistan imported plastic materials of worth 330.486 million dollars during July-August (2020-21) as compared to…

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  • World Bank Cuts Pakistan’s GDP Growth Rate for FY21 to Just 0.5%

    External financing could be compounded by difficulties, for Pakistan, in rolling-over bilateral debt from non-traditional donors and tighter international financing conditions, given the “anemic” economic outlook of Pakistan, with a growth rate of just 0.5% in the current fiscal year, as per the World Bank’s biannual flagship report “the South Asia Economic Focus”, released on…

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  • Economic Indicators Showing Positive Growth: Shibli

    Federal Minister for Information and Broadcasting Senator Syed Shibli Faraz said that all the economic indicators were showing positive growth which manifested the fact that the present government had put the economy in the right direction. Speaking at the Meet the Editors program at the Secretariat of the Council of Pakistan Newspaper Editors (CPNE), he…

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