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Last update: Fri, 30 Sep 2016 09am

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Qatargas and Global Energy Group on Thursday commemorated a 20-year long-term LNG (Liquefied Natural Gas) Sale and Purchase Agreement (SPA). Prime Minister of Pakistan Nawaz Sharif witnessed the ceremony held at the Prime Minister's House. Qatari delegation was led by Saad Sherida S J Al-Kaabi, President & CEO, Qatar Petroleum, Khalid Khalifa Al-Thani, CEO, Qatargas, and senior management of Qatargas, along with Federal Ministers and senior government officials of Pakistan, Heads of Diplomatic Mission Chiefs have attended.

The China-led Asian Infrastructure Investment Bank (AIIB) approved loans totalling $320 million to energy projects aiming to ease severe power shortages in Myanmar and Pakistan, the bank said on Thursday. A $300-million loan will fund expansion of a hydropower project in Pakistan, co-financed with the World Bank, and a loan of $20 million went to a power plant in Myanmar co-financed with other lenders, the bank said in a statement.
After starting on a strong positive note Thursday, Pakistan Stock Exchange came under selling pressure after mid-session due to rising tensions on Pak-India border, analysts said. Initially, the benchmark KSE-100 index, for the first time in its history, hit 40,861.80 points intra-day high, up 506.78 points. However, cross-border conflict between Pakistan and India invited selling after mid-session that pushed the market into negative territory and at the end of the session, the KSE-100 index closed at 40,295.52, down 59.50 points.
After starting on a strong positive note Thursday, Pakistan Stock Exchange came under selling pressure after mid-session due to rising tensions on Pak-India border, analysts said. Initially, the benchmark KSE-100 index, for the first time in its history, hit 40,861.80 points intra-day high, up 506.78 points. However, cross-border conflict between Pakistan and India invited selling after mid-session that pushed the market into negative territory and at the end of the session, the KSE-100 index closed at 40,295.52, down 59.50 points.
Pakistani lawmakers have urged the government to take any unilateral violation of Indus Water Treaty (IWT) 1960 as an act of war and the country's armed forces must be ready to launch surgical strikes on Indian water installations in case of any violation. This was recommended during a meeting of Senate Standing Committee on Water and Power convened to discuss "Indus Water Treaty 1960 in the backdrop of statements of Indian leadership regarding unilateral revocation of the Treaty, its repercussions, Pakistan's stance and preparedness to combat a war-like situation".
A meeting of the Executive Committee of the National Economic Council (Ecnec) is likely to be held today (Friday) to consider and approve five projects of energy, water as well as development and transport sectors. Sources said Finance Minister Ishaq Dar has convened a meeting of the Ecnec to consider five projects. The meeting would be submitted energy sector project of 7th secondary transmission line and grid stations (STG) project and Golan Gol Hydropower Project (106 MW) (revised) for consideration and approval.
The Danish tax authority said on Thursday it had paid an anonymous source almost six million kroner (0.81 million euros, $0.9 million) for leaked data from the Panama Papers on hundreds of Danes. The government justified the payment earlier this month saying it needed to take all necessary measures to catch tax evaders.