Pakistan LNG Limited has purchased its most expensive LNG spot cargo by approving the procurement at USD 21.88 per MMBtu. The LNG cargo is scheduled to arrive between July 27 and 28 following the board’s approval of the purchase as per bid documents uploaded on PLL website. The tender received only one bid, submitted by TotalEnergies Gas & Power, which offered the cargo at USD 21.88 per MMBt
Pakistan has invited Chinese investors to expand their investments in Pakistan’s ports, logistics, and maritime sectors. Addressing the Regional Transit Trade Hub Initiative in Beijing, organised by Jiang Tonland International Holdings, Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said the government was committed to transforming the country into a regional transit trade
Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the US and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen’s Houthis. Brent crude futures eased 35 cents, or 0.4%, to $88.87 per barrel by 0052 GMT, while US West Texas Intermediate crude for September delivery was steady at $82.47 a ba
Gold prices rose on Tuesday as investors weighed diplomatic efforts to ease the US-Iran conflict, which could temper oil-driven inflation risks and influence the US Federal Reserve’s interest rate path. Spot gold rose 0.9% to $4,042.69 per ounce as of 0345 GMT. US gold futures for August delivery were up 0.8% at $4,047.40. “It looks like gold is trying to find a base somewhere around this (
Massive selling pressure was observed at the Pakistan Stock Exchange (PSX), as the United States and Iran expanded attacks in the Middle East, with the benchmark KSE-100 Index shedding nearly 2,000 points during the opening minutes of trading on Monday. At 9:33am, the benchmark index was hovering at 173,812.83, down by 1,989.95 points or 1.13%. Selling was witnessed in key sectors, includin