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KARACHI: The country lost Rs122 billion in last two years due to delayed on spot LNG purchase and production of expensive power through furnace oil, inflicting a colossal sense of foreboding and. ....
National January 23, 2021 KARACHI: Governor State Bank Reza Baqir Friday said it has been decided to maintain interest rate during the Monitory Policy Committee meeting, adding that the SBP is to issue forward guidance. In Geo’s programme ‘Aaj Shahzeb Khanzada Kay Sath’, the SBP governor said the forward guidance was issued to increase the trust of businessmen and investors. He said the Monitory Policy Committee thought to issue the forward guidance as we have been feeling confidence of our economy. He said some have reservations as after entering IMF programme, previous steps might be repeated but through issuing the ‘forward guidance’, we indeed conveying a message that monitory decisions would not be taken like the past. He said some decisions would have been taken to improve current account and physical deficits. ....
National January 23, 2021 KARACHI: Governor State Bank Reza Baqir Friday said it has been decided to maintain interest rate during the Monitory Policy Committee meeting, adding that the SBP is to issue forward guidance. In Geo’s programme ‘Aaj Shahzeb Khanzada Kay Sath’, the SBP governor said the forward guidance was issued to increase the trust of businessmen and investors. He said the Monitory Policy Committee thought to issue the forward guidance as we have been feeling confidence of our economy. He said some have reservations as after entering IMF programme, previous steps might be repeated but through issuing the ‘forward guidance’, we indeed conveying a message that monitory decisions would not be taken like the past. He said some decisions would have been taken to improve current account and physical deficits. ....
Top Story January 16, 2021 KARACHI: Owing to late bidding, Pakistan has got costly LNG in November, December, January, February and now it will also get same costly LNG for the month of March 2021. Pakistan has opened three bids for the import of LNG in March. In Geo TV programme ‘Aaj Shahzeb Khanzada key Sath’ it was informed that from 9th to 10th March the LNG will be available on 22.2pc, while from 16th to 17th March it will be 17.8 percent and from March 22 to March 23 the minimum rate will be 17.19 percent. It means the minimum average rate will be 19 percent, that cost Pakistan on oil prices at least $10. On the other hand, on long-term agreements Pakistan purchasing LNG from Qatar on 13.3pc, from ENI on 11.9pc and from Ganor it cost us on 11.6pc. ....
ISLAMABAD: Special Assistant to Prime Minister on Petroleum Nadeem Babar presented wrong figures before the cabinet on Tuesday.Geo News programme ‘Aaj Shahzeb Khanzada Kay Sath’ host. ....