New Delhi, April 14 (IANS) Pakistan’s benchmark KSE-100 Index witnessed sharp volatility this week, plunging in early trade on Monday after US-Iran talks failed to yield a breakthrough, before staging a strong rebound a day later on hopes of renewed diplomacy.The index tumbled nearly 4,800 points within minutes of the market opening on Monday — reflecting panic selling across sectors.During early trade on the same day, the gauge was trading at 162,396.21, down 4,795.16 points, or 2.87 per cen…
Latest Sui Northern Gas Pipelines Limited News & Updates
New Delhi, March 21 (IANS) Pakistan will continue to pay over $15 million a month in capacity and utilisation charges to its LNG terminals even after QatarEnergy declared force majeure earlier this month, according to a new report.According to the report by The News International, Pakistan is making daily payments of about $538,535 to the two terminals despite the suspension of LNG production from March 2.Federal Minister for Petroleum, Ali Pervaiz Malik, reportedly criticised the agreements, de…
Islamabad, Feb 21 (IANS) Pakistan’s gas sector incurs losses of up to 30 billion Pakistani rupees annually due to theft and system inefficiencies, with lawmakers warning that the financial burden ultimately falls on consumers, local media reported on Saturday. A Pakistani parliamentary panel was informed of the losses during a meeting of the National Assembly Standing Committee on Energy, chaired by Syed Mustafa Mahmood. The gas officials briefed the committee that Sui Northern Gas Pipelines Lim…