Freeport LNG retracts force majeure, widening losses for gas buyers – sources

U.S. gas exporter, Freeport LNG, has retracted the force majeure it initially declared after an explosion in June, a development that could cost its buyers billions of dollars in losses, a document showed and three trading sources said. Force majeure is a notice used to describe events outside a company’s control, such as a natural disaster, which usually releases it…

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IMF programme to resume before month-end: Miftah

Finance Minister Miftah Ismail has said the IMF programme would be resumed before the end of August, which should bring macroeconomic stability while improvement in power crisis might help post balance of payment surplus in months ahead. “Macroeconomic stability was forthcoming with the IMF programme resuming before end of August as all conditionalities have been met,” the minister said at…

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POL price challenge

petrol

The government is said to be mulling changing the pricing mechanism for petroleum products. The immediate concern is how to handle the PKR volatility while pricing motor gasoline (MOGAS) and high speed diesel (HSD). In the latest fortnightly price revision, the government changed the formula of using last day of exchange rate to the average during the period. Now the…

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National Conference on Waste Management on August 16th

National Forum for Environment and Health (NFEH) with association of Sindh Government is holding National Conference on “Waste Management Challenges and Opportunities” on August 16 at local hotel Karachi. This was announced by President Naeem Qureshi in the meeting of NFEH Advisory Committee held at NFEH Office. Naeem Qureshi said conference and colorful award ceremony will be held on August…

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