liquefied natural gas

Objects to participation of only Islamic banks in the process

PTI govt gives 3 of them to Naya Pakistan Housing Authority for building low-cost units

Formula includes costs of local and imported gas that will help overcome shortage

Approves formation of high-level panel for distribution of net hydel profit

Country has over 20% surplus after meeting domestic demand of 5.8m tons

Govt will continue to import LNG to meet demand

Power Division claims decision will place extra burden of Rs471b on consumers

Spot market has developed; its prices are now lower than long-term contract prices

Will join hands with a consortium that has sought letter of intent from PQA

Argues it cannot award contract in absence of firm LNG demand from SNGPL