2020 LNG demand holds steady despite COVID-19, set for growth as global economies recover

Karachi, February 27, 2021: Global liquefied natural gas (LNG) trade increased to 360 million tonnes in 2020, according to Shell’s latest annual LNG Outlook published today, despite the unprecedented volatility caused by the COVID-19 pandemic which resulted in lockdowns around the world. Though marginal, the increase in volume reflects the resilience and flexibility of the…

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KSE-100 closed decrease on 0.8pc

Karachi, February 27, 2021: The market remained on the back foot for most of the week, finally ending down on 45,865  levels (down 0.8 Percent WoW). A correction was on the cards, given the week coincided with the futures’ rollover. Nonetheless, activity retained its buoyance of recent weeks, relatively unchanged at an average of 589 million/day…

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Pak widening trade deficit can be restrained through ‘import deletion’ under PPP: PAAPAM

Karachi, February 27, 2021: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has asked the government to give the export industry status to the local vending industry, which is fully capable of bridging the huge gap of ever-rising trade deficit not only through enhancing exports but also controlling unbridled imports through ‘import deletion’…

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Indus Motor Declares Rs 4.8 Bn Profit After Tax for First Half FY20-21

Karachi, February 26, 2021: The Board of Directors of Indus Motor Company (IMC) released its financial results for the half-year ended December 31, 2020. IMC’s combined sales of Completely Knocked Down (CKD) and Completely Built-up Units (CBU) units increased by 82 percent to 26,362 units against 14,453 units sold in the same period last year. The Company…

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