|Bid||0.9750 x 0|
|Ask||1.0200 x 0|
|Day's Range||0.9600 - 1.0100|
|52 Week Range||0.7900 - 1.0100|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||15.30|
|Forward Dividend & Yield||0.03 (2.62%)|
|1y Target Est||N/A|
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Pakistan risks scaring off investment from global energy giants eyeing one of Asia's fastest-growing energy markets if it pursues renegotiation of contracts for two liquefied natural gas terminals, an architect of its energy policy said. Shahid Khaqan Abbasi, who ended a nine-month stint as premier in late May, championed a vast LNG infrastructure to ease energy shortages that throttled economic growth and brought hours of darkness every day for nearly a decade. The second terminal was built by Pakistan's Associated Group and energy trading firm Trafigura.
Pakistani conglomerate Engro Corp Ltd said on Friday it had "no obligation" to renegotiate a contract with the government for imported liquefied natural gas (LNG), a day after the new petroleum minister said it would seek new terms. A spokesman for Engro said the total contract, to process and supply up to 600 million cubic feet of LNG per day for 15 years, is currently worth about $228,000 per day or about $83 million per year. Engro's stance sets up a potential conflict with the new government of Prime Minister Imran Khan, who has promised to scrutinize for corruption all deals made by the previous administration of ousted premier Nawaz Sharif.