PM Shehbaz had earlier stated that he expected agreements worth $2 billion to be signed A high-level delegation of Saudi investors, led by Minister of Investment Khalid bin Abdulaziz Al-Falih, arrived in Pakistan on Wednesday on a three-day visit, amid Islamabad’s expectations that the two countries will sign bilateral agreements worth $2 billion. Federal Ministers Musadik Malik, Jam Kamal Khan,…
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ISLAMABAD: The task force on gas-related issues is expected to address the delayed implementation of the amended Exploration and Production (E&P) Policy 2002 in a critical meeting today (Wednesday), chaired by Deputy Prime Minister Ishaq Dar. The amended policy, approved by the Council of Common Interests (CCI) on January 26, 2024, allows E&P companies to sell 35% of gas from…
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ISLAMABAD: Pakistan is set to re-profile $15.4 billion of debt tied to electricity projects under the China-Pakistan Economic Corridor (CPEC) during the upcoming visit of the Chinese Prime Minister later this month. A memorandum of understanding (MoU) regarding the debt restructuring is expected to be signed during the visit. The Government of Pakistan has proposed a 5-year extension in the…
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Scientists have developed an artificial plant that not only generates enough electricity to charge a smartphone but also purifies indoor air at a much more efficient rate than natural plants. A team from Binghamton University, New York, originally created this artificial plant for entertainment purposes by using five biological solar cells and photosynthetic bacteria. However, they soon realized its practical…
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Industrial demand fuels China’s dominance in global LNG market Japan’s LNG demand declines amid nuclear restarts and renewables expansionHIROSHIMA: China is projected to remain the world’s leading buyer of liquefied natural gas (LNG) in 2024 and 2025, driven by robust industrial demand, according to Keisuke Sadamori, a director at the International Energy Agency (IEA). After overtaking Japan last year as…
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Strategic shift in Dawood Lawrencepur’s renewable energy investments Reon Energy specializes in solar energy, storage, and electric vehicle solutionsKARACHI: Dawood Lawrencepur Limited (DLL) has announced the transfer of its entire shareholding in Reon Energy Limited (REL) to Juniper International FZ LLC. The transfer, involving 102.6 million shares representing 100% of REL’s capital, was completed on October 7, 2024, under a…
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Saudi delegation to visit Pakistan ahead of SCO meeting Agreements aim to bolster Pakistan-Saudi economic partnershipsISLAMABAD: Pakistan is set to sign agreements worth approximately $2 billion with a Saudi delegation visiting the country from October 9 to 11, Prime Minister Shehbaz Sharif announced on Tuesday. The delegation, led by Saudi Minister for Investment Khalid Bin Abdulaziz Al-Falih, will include representatives…
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PM Shehbaz assures enhanced security for Chinese nationals Finance minister highlights daily economic loss of Rs190 billion due to PTI-led unrest Vows to prevent repeat of 2014 when protests disrupted President Xi’s visitISLAMABAD: Chinese nationals killed in a terrorist attack near Karachi airport were actively engaged in renegotiations with Pakistan’s government regarding Independent Power Producers (IPPs), Finance Minister Muhammad Aurangzeb…
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