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…
Karachi, August 12, 2020: Civil society, human rights and labour rights activists on Wednesday welcomed the statement by the Chairman of the Council of Islamic Ideology (CII) Prof. Dr. Qibla Ayaz who has termed the arrest and keeping detained the Chief of Jang Group Mir Shakeelur Rehman by National Accountability Bureau (NAB) as “anti-Shariat and…
Economic analysis reveals the impact on Pakistan’s employment and confidence Karachi, July 09, 2020: ACCA’s Q2 Global Economic Conditions Survey (GECS) published today, reflects the scale of the global recession now under way. Globally, employment indices plummeted to record lows in the latest survey, consistent with the most severe recession in decades. Pakistan is heading…
Delayed petrol imports shaped crisis, Govt lost billions in revenue Masses deprived of the benefit of reduced petroleum prices New pricing formula needed in the changed scenario: Ghiyas Paracha Karachi, June 02, 2020: The All Pakistan Petroleum Retailers Association has demanded a detailed probe into nationwide fuel shortage and asked the authorities to fix the…
Byco Petroleum reported a gross profit of Rs. 11.2 billion but a net loss of Rs 2.67 billion, largely due to weak demand, high exchange rate, inventory losses, and an increase in finance costs. The company is experiencing tough market conditions as the spread of COVID-19 hurts demand but can withstand this period. Karachi, April…