3,582 Covid-19 infections with a positivity ratio of 7.19pc recorded: NCOC
ISLAMABAD: Pakistan, Tuesday, recorded 3,582 Covid-19 infections with a positivity ratio of 7.19 percent taking the national tally to 1,043,277 since the pandemic outbreak, the National Command and Operation Centre (NCOC) Covid-19 data revealed.


Country’s reserves likely to increase by $2.8bn
ISLAMABAD: The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion (about SDR 456 billion) to boost global liquidity, which according to Fitch Ratings could bolster Pakistan’ reserves by $2.8 billion.


Nepra allows KE to hike tariff
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday agreed, in principle, to allow Karachi Electric (KE) to increase tariff under monthly Fuel Cost Component (FCA) of six months (January–June) 2021.


Lt-Gen Asim Bajwa (retd) quits: Mansoor appointed SAPM to ‘fast-track’ CPEC projects
ISLAMABAD: Lieutenant-General Asim Saleem Bajwa (retd), on Tuesday resigned from his position as the chairman China-Pakistan Economic Corridor (CPEC) Authority after the appointment of Khalid Mansoor as Special Assistant to the Prime Minister (SAPM) on CPEC Affairs.


Gas supply to fertiliser plants may be restored from Sept 1
ISLAMABAD: The government is expected to restore gas supply to fertiliser plants from September 1 to ensure adequate production of urea for the upcoming sowing season.


Pakistan reaches 1 mln shots a day after warning unvaccinated face penalties
Pakistan hit a target on Tuesday to vaccinate one million people a day against COVID-19, making strides in its inoculation campaign just weeks away from a deadline for workers in public-facing roles to obtain vaccination certificates.


Oil rises as markets expect further fall in inventories
LONDON: Oil prices rose on Tuesday on expectation of a further decline in US oil inventories, recouping some losses from the previous session due to lingering concern over rising cases of the Delta coronavirus variant.


Gwadar to become trade hub in near future: Alvi
ISLAMABAD: The government has procured four liquefied natural gas (LNG) cargoes at the highest-ever rates at $15.19-$15.49 per mmBtu for the month of September. The state-owned Pakistan LNG Limited (PLL) first cancelled the tender of eight cargoes for September and October, arguing that the rates were higher at $13.78 per mmBtu, but now it has procured four cargoes at the highest-ever rates.


Mogas posts highest-ever sale of 0.81m tons in July
KARACHI: Motor Gasoline (Mogas) recorded highest-ever sale of 0.81 million tons in July 2021, which is 14 percent higher on year-on-year basis. This is 7 percent higher on month-on-month basis.


Heavy rains and holidays hit cement demand in July 2021
LAHORE: Monsoon rains and holidays on account of Eid-ul-Azha during the month of July 2021 seriously affected the cement demand because of which the sector posted a negative growth of 19.41 percent. The total cement despatches in July 2021 were 3.899 million tons against 4.838 million tons during July 2020.


PSO to re-tender RLNG cargo: Ogra withdraws pricing notification
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has withdrawn its RLNG monthly pricing notification issued on August 2 after the Pakistan State Oil (PSO) decided to re-tender a RLNG cargo.