Local-LNG blending resolved, exports expected to boost by $3bn

MG News | November 14, 2023 at 10:19 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 14, 2023 (MLN): The cabinet has resolved the issue of blending local and liquefied natural gas (LNG) for new and old exporters which is expected to contribute an additional $3 billion to exports this year, Gohar Ijaz, Caretaker Federal Minister for Commerce and Industries said in a post on X (formerly Twitter).

“Alhamdulillah, the disparity between new and old exporters regarding the blending of local and LNG has been resolved, as per the recent decision of the cabinet.“ he stated.

The minister said that the resolution of this issue is a significant development that will unleash the 100% capacity of the export industry set up under the Temporary Economic Refinance Facility (TERF).

To note, the TERF scheme was launched by the government in 2020 to provide concessionary refinance for setting up of new industrial units.

Alhamdulillah, the disparity between new and old exporters regarding the blending of local and LNG has been resolved, as per the recent decision of the cabinet.

This resolution is a significant development that will unleash the 100% capacity of the Export Industry set up under…
— Dr Gohar Ejaz (@Gohar_Ejaz1) November 13, 2023

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,755.00	64,485.00 62,835.00	80.00 0.13%
BRENT CRUDE	86.91	89.90 85.80	-3.47 -3.84%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.40	87.23 83.20	-3.31 -3.77%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%