Pakistan State Oil (PSO) is seeking a liquefied natural gas (LNG) cargo for delivery in April through a tender after a five-year contract with commodity trader Gunvor expired in December, three industry sources told Reuters. If awarded, this will be the state-owned company’s first spot purchase in about three years, two of the sources said. مزید پڑھیں

Cryptocurrency Dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter “for a while”. Dogecoin jumped to $0.05798 according to data on blockchain and cryptocurrency website Coindesk. Musk first tweeted “Doge” and immediately followed it مزید پڑھیں

FAW Group is looking at acquiring Brilliance China Automotive Holdings for about $7.2 billion in a two-stage deal that would see BMW’s main Chinese partner taken private, two people with direct knowledge of the matter told Reuters. Brilliance shares soared by as much as a quarter in value following the news. The potential acquisition by مزید پڑھیں

In a major development, the Oil and Gas Development Company Limited (OGDCL) has announced the discovery of gas and condensate reserves in district Hyderabad of Sindh province. As per details, the OGDCL as the operator (95 percent) and Government Holding (Private) Limited (5%) has discovered gas and condensate from its exploratory well Sial-1, which is مزید پڑھیں

The government on Sunday announced that the price of petrol for February will go up by Rs2.70 per litre. According to a notification by the Prime Minister Office, light diesel oil will also see a rise in price by Rs3, high speed diesel will cost Rs2.88 dearer and kerosene will be priced Rs3.54 more expensive مزید پڑھیں

The energy ministry has announced contracts with 18 new independent power producers (IPPs) including wind power units, for cheaper electricity in the country. According to the details on the development shared by sources, the government team has had successful deals with 18 new IPPs, including Kot Addu Power Company (KAPCO) for 1600 Mega Watt generation, مزید پڑھیں

The prices of petroleum products in Pakistan are likely to go up yet again from February 1. The Oil and Gas Regulatory Authority (OGRA) has sent a summary of the prices of petroleum products in which it has proposed an increase of Rs12 per litre for petrol and Rs10 per litre for diesel, say sources مزید پڑھیں

The Oil and Gas Regulatory Authority (OGRA) has Thursday approved an upward revision in the Sui Southern Gas Company (SSGC) tariffs by almost Rs40 per mmbtu which will translate in the consumer bills of Balochistan and Sindh. Petroleum regulator OGRA in its decision today has agreed to the hike in utility prices requested by SSGC. مزید پڑھیں

Japan’s Toyota Motor overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder. Toyota said on Thursday its group-wide global sales fell 11.3% to 9.528 million vehicles in 2020. That compared مزید پڑھیں

With divergent financing priorities, Pakistan has asked the World Bank to focus its next five-year funding under Country Partnership Framework (CPF) on basic areas where the country lagged like human capital, poverty alleviation, stunting, revenue mobilisation and economic reforms. This was conveyed to a World Bank team led by Country Director Najy Benhassine on Monday مزید پڑھیں