Skip to main content

Fuel suppliers fight shy of cash-starved Pakistan

Pakistan has failed to buy LNG from international markets in its first attempt in around a year as suppliers have not responded to the cash-strapped country’s tenders to purchase six shipments for October-to-December delivery. Bloomberg cited traders with knowledge of the matter to report that several overseas banks weren’t accepting letters of credit -- a pledge by a lender to repay funds if the buyer can’t – from Pakistani counterparts to purchase LNG, making suppliers reluctant.

Pakistan has failed to buy LNG from international markets in its first attempt in around a year as suppliers have not responded to the cash-strapped country’s tenders to purchase six shipments for October-to-December delivery. Bloomberg cited traders with knowledge of the matter to report that several overseas banks weren’t accepting letters of credit -- a pledge by a lender to repay funds if the buyer can’t – from Pakistani counterparts to purchase LNG, making suppliers reluctant. from Times of India https://ift.tt/X6lpY1n
Labels:

Comments

Post a Comment

Popular posts from this blog

Airtel-Tata DTH merger talks fail, Airtel informs BSE

Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. from Times of India https://ift.tt/gt5oqs7
Post a Comment
Read more

'Google is training a model that could run on Apple’s servers', as iPhone maker explores ...

Apple is reportedly in talks with Google to license its Gemini AI model for a future version of Siri, signaling a potential shift in Apple's AI strategy. The company is also evaluating its own AI models and external technologies, including those from Anthropic and OpenAI, as part of a revamped Siri project. Apple is reportedly in talks with Google to license its Gemini AI model for a future version of Siri, signaling a potential shift in Apple's AI strategy. The company is also evaluating its own AI models and external technologies, including those from Anthropic and OpenAI, as part of a revamped Siri project. from Times of India https://ift.tt/UGRQpaF
Post a Comment
Read more

From 'I love you' to trade talk: What Jerry Jones said about Micah Parsons

Dallas Cowboys traded Micah Parsons to Green Bay Packers. This move frees up 19 million dollars. Cowboys now have 42 million dollars in cap space for 2025. This allows them to sign other players. They can extend contracts of DaRon Bland and Tyler Smith. Jerry Jones mentioned Parsons could bring resources in a trade. Dallas Cowboys traded Micah Parsons to Green Bay Packers. This move frees up 19 million dollars. Cowboys now have 42 million dollars in cap space for 2025. This allows them to sign other players. They can extend contracts of DaRon Bland and Tyler Smith. Jerry Jones mentioned Parsons could bring resources in a trade. from Times of India https://ift.tt/dWALCNq
Post a Comment
Read more