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Pakistan floats fresh LNG tender after rejecting costly single bid

2 September 2026 at 11:38

KARACHI: Pakistan LNG Limited has issued a fresh tender on Wednesday to procure a spot LNG cargo for delivery between September 8 and 12, after rejecting the sole bid received for an earlier delivery window as too expensive. The state-owned buyer turned down an offer from BP Singapore at $26.969 per million British thermal units ... Read more

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Pakistan to sign long-delayed refinery deals unlocking more than $6 billion in planned upgrades

2 September 2026 at 07:20

ISLAMABAD: Pakistan is set to sign long-delayed agreements with five oil refineries, unlocking more than $6 billion in planned upgrades to modernize aging plants and cut reliance on fuel imports, officials said. But industry warnings that changes to the financial framework could derail the projects overshadowed the announcement. The agreements with Pak-Arab Refinery Ltd., Pakistan ... Read more

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Fitch assigns Pakistan’s proposed dollar bond ‘B-‘ rating

1 September 2026 at 13:35

KARACHI: Fitch Ratings has assigned a ‘B-‘ rating to Pakistan’s proposed U.S. dollar-denominated bond, with a Recovery Rating of ‘RR4,’ the ratings agency announced. Pakistan plans to use proceeds from the bond for general budgetary and sovereign financing purposes, according to Fitch. The bond rating is aligned with Pakistan’s Long-Term Foreign-Currency Issuer Default Rating, while ... Read more

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FBR collects Rs1.722 trillion in first two months of fiscal year surpassing target

1 September 2026 at 11:44

ISLAMABAD: Pakistan’s Federal Board of Revenue collected Rs 1.722 trillion in taxes during July and August, the first two months of the current fiscal year, exceeding its target of Rs 1.710 trillion by Rs 12 billion, according to FBR sources. The result came despite slowing revenue growth and a decline in income tax receipts. A ... Read more

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Misbah-ul-Haq resigns from Pakistan selection committee

1 September 2026 at 10:41

LAHORE: Former Pakistan captain Misbah-ul-Haq has decided to resign from the Pakistan Cricket Board’s selection committee, sources close to the former cricketer said Tuesday. The sources said Misbah has informed the PCB of his decision and will serve a notice period before formally stepping down from the role. The development comes a day after the ... Read more

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