The Planning Commission has asked the government to replace the expensive liquefied petroleum gas (LPG) with relatively cheaper liquefied natural gas (LNG), increase domestic natural gas prices and take immediate steps to implement cross-border gas pipelines — like Iran-Pakistan, and Turkmenistan-Afghanistan-Pakistan-India (Tapi) projects — to achieve energy sustainability. In a detailed polic
The federal government has revised incentives in the recently approved brownfield refining policy, capping the utilisation of funds to be collected from tariff protection at 22 per cent for the import of used refining equipment and 25pc for new equipment to upgrade infrastructure. The outgoing government approved the new policy earlier this month under which existing refineries will be provided
Stock trading began on a negative note on Thursday but saw a rebound in subsequent hours. JS Global said buying activity observed, especially in oil stocks, in the later part of the session. According to Arif Habib Ltd, refinery stocks also received strong demand in the second half of the session. Attock Refinery Ltd, National Refinery Ltd and Pakistan Refinery Ltd resumed their upside after
I HATE to be the bearer of bad news all the time. But circumstances don’t permit otherwise. In the last monetary policy statement of July 31, the State Bank said “inflation is likely to remain on downward path over the next 12 months”. But it is difficult to see how this will happen. There are a couple of reasons to believe why inflation may have peaked. First is what they call the “base effect
Pakistan’s total debt and liabilities surged by 29 per cent, or Rs17.332 trillion in FY23 to reach Rs77.104tr during FY23, compared to Rs59.772tr in FY22, according to the State Bank of Pakistan’s latest data released on Wednesday. However, the gross external debt of the country declined by $6 billion during the same fiscal year, reaching $124.3bn compared to $130.3bn in FY22. The SBP report