KARACHI: Gas supply to Karachi Electric Supply Corporation (KESC) is likely to be curtailed from more than 200 mmcf per day to 115 mmcf per day for at least ten days starting from the night between Friday and Saturday due to annual maintenance of gas processing facility at Kadanwari gas field. Sources at the gas [...]
KARACHI: Europe’s largest oil company, said Power Gas Limited bids to acquire a 67.9 percent stake in its liquefied petroleum gas unit in Pakistan Shell Gas LPG Ltd disclosed the offer in a filing Friday to the Karachi Stock Exchange Ltd. JS Private Equity Fund LLC and Jamshoro Joint Venture Limited also bid for the [...]
SINGAPORE: Oil prices extended gains in Asian trade Thursday, boosted by improving demand and strong company earnings results in the United States, the world’s biggest energy user, analysts said. New York’s main contract, light sweet crude for delivery in May rose 25 cents to 86.09 dollars a barrel. Brent North Sea crude for May was [...]
KARACHI: Investors displayed confidence on Pakistani bonds in world markets, as the insurance premium rate on five-year bonds edged down 26 percent to 6.5 percent, Geo News reported Thursday. According to Credit Market Analysis (CMA), which organises and structures CDS (credit default swaps), bond quotes and valuation data, if the government of Pakistan sells five-year [...]
KARACHI: Pakistan has decided to purchase 0.7 million tonne sugar on deferred payment from Dubai to maintain buffer stock. To this effect, Federal Secretary Finance Suleman Siddique has left for Dubai for negotiation and settlement of the deal. Sources in Ministry of Finance said that the Economic Coordination Committee (ECC) of the Cabinet had approved [...]
