ENI unable to deliver February LNG cargo to Pakistan, declares force majeure
ENI said that the delivery of a liquefied natural gas (LNG) cargo to Pakistan LNG Limited that was scheduled for February has been disrupted due to an event of force majeure. The Italian major has a 15-year deal to supply Pakistan LNG with one cargo a month from 2017 to 2032. “February LNG delivery disruption…
Adil Aziz
Exporters to ensure consignments shipped within 45 days: ECC
The Economic Coordination Committee (ECC) of the Cabinet directed exporters to ensure the consignments are shipped within 45 days of quota allocation. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet. Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for…
Global growth to slow to 1.9% in 2023, warn UN economists; Pakistan’s prospects ‘challenging’
Senior UN economists warned that intersecting crises are likely to add further damage to the global economy, with growth set to slow from three per cent in 2022 to 1.9 per cent this year, and that prospects for Pakistan, Bangladesh and Sri Lanka were “more challenging” that other South Asian countries. This will be one…
Pak-Russia to sign low-cost oil accord in March, ‘holistic energy security plan’ by year-end: Musadik
Minister of State for Petroleum Dr Musadik Malik said Pakistan would sign an agreement with Russia in March to get inexpensive crude oil besides a ‘holistic energy security plan’ by the year-end, which would be beneficial for both countries. “In March, all commercial terms of the agreement will be finalized with Russia, following which low-cost…
US partners with KP, FAO to boost agricultural livelihoods
U.S. Embassy Deputy Chief of Mission, Andrew Schofer, joined U.S. Embassy Director of International Narcotics and Law Enforcement (INL) Lori Antolinez, Food & Agriculture Organization (FAO) Representative Florence Rolle, and KP Special Secretary of Agriculture Department Janat Gul to celebrate the successful completion of a $477,876 project to benefit the citizens of Khyber Pakhtunkhwa. The project…
Microsoft scrambles to fix global outage
MICROSOFT Corp said it was investigating a networking issue that impacted multiple services including Teams and Outlook, with outage reports saying the platforms were down for thousands of users globally. Microsoft did not disclose the number of users affected by the disruption, but data from outage tracking website Downdetector showed more than 3,900 incidents in India and…
Tentative target of Rs 1,819 billion agri- loans set for FY 2023-24: Governor SBP
Governor State Bank of Pakistan (SBP) Jameel Ahmed said the tentative target of agricultural loans was likely to be set at Rs 1,819 billion in the coming financial year 2023-24. He said this while addressing the launching ceremony of ‘Youth Business and Agri-loans scheme”, here, adding in the ongoing financial year 2022-23, the target of…
PM launches Youth Business, Agri loans scheme
Prime Minister Muhammad Shehbaz Sharif launched PM’s Youth Business and Agri-loans scheme which would provide opportunities to the youth to earn their livelihood through different business and agriculture initiatives. Addressing the launching ceremony, the prime minister said that Pakistan was passing through difficult times and resolved that he would sacrifice all his political career and life…
Over 60,000 flowers of different colours to be displayed in 3-day Marigold Festival
Administrator Karachi Dr. Syed Saifur Rehman said that over 60,000 flowers of different colors will be displayed during a three-day Marigold Festival scheduled to begin on January 27 at Frere Hall. The Administrator said this while reviewing the arrangements for the 3rd Marigold Festival at Frere Hall. The Administrator Karachi said that Marigold Festival has…
SAP highlights Importance of Data Protection & Digital Transformation through Cloud Migration for Businesses
Saquib Ahmad, Country Managing Director, SAP Pakistan, recently held a discussion with the media for highlighting the role of cloud migration and the transformation that it will bring to businesses. Cloud migration is essential to ensure digital transformation and manage applications and data in the most cost-effective, efficient, and secure IT environment. SAP has a…