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Pakistan may suffer another gas crisis in September or October


Pakistan may suffer another gas crisis in September or October
By
Pakistan has refused to buy LNG as the gas was offered at a higher cost.
PLL has not uploaded the details of the bids it received on its official website, raising several eyebrows.
ISLAMABAD: The country might be hit by a brewing LNG crisis again during September and October due as the government has not bought eight spot LNG cargoes for the said months, The News reported.
The government refused to procure the LNG as the gas was offered at a higher cost in the range of $13.787-$16.0 per MMBTU (per million British thermal units), according to the publication. ....

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Stocks fall on economic red flags


Stocks fall on economic red flags
July 10, 2021
Stocks shed a good deal of gains made a day earlier as an anaemic economic outlook coupled with a global rout sent investors fleeing to safety, traders said.
KSE-100 Share Index lost 489.72 points or 1.02 percent to close at 47,563.45 points at Pakistan Stock Exchange (PSX). The index oscillated between a high of 48,053.17 points and a low of 47,546.01 points.
Ahsan Mehanti, analyst at Arif Habib Corp said the losses were led by scrips across the board on concerns over weak economic outlook.
Weak global equities, rupee instability, uncertainty on EU GSP plus status on human right issues, concerns over non-disbursement of $400 million World Bank loan delayed because of weak IMF ties shook investor sentiment, Mehanti said. ....

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