A liquefied natural gas tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. — ReutersPLL invites bids from global LNG suppliers.First cargo delivery scheduled May 12-14.Second shipment planned for May 24-26.ISLAMABAD:…
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FinMin says Pakistan’s economy stabilising, expects 3.5% GDP growth this year
An undated image of Finance Minister Muhammad Aurangzeb speaking during an interview. — AFP/FileSays inflation has fallen to single digits, policy rates have eased.Highlights forex reserves cover good for 2.5 months of imports.All 3 rating agencies have upgraded Pakistan’s…
No more net metering as govt shifts to net billing
A technician fixes new electricity meters at a residential building in Karachi. — AFP/FileElectricity drawn from grid to be charged at consumer tariffs.Agreement term cut to five years from earlier seven years.Govt ends one-to-one offset model for neutralising bills.
ISLAMABAD:…
Economy maintains trajectory of stabilisation, growth despite floods: ministry
Representational image of people buy pulses and grains at a wholesale market. — AFP/File Exports rise 10%, remittances climb 7% in July–August.LSM sector posts 9% year-on-year growth in July.CPI inflation drops to 3% in August compared to 9.6% last year.