Paris: TotalEnergies CEO Patrick Pouyanne has called on Europe to negotiate a free-trade guarantee for US liquefied natural gas (LNG), citing concerns over an increasingly unpredictable global trade environment. His remarks come as US President Donald Trump imposes new tariffs on Chinese imports, prompting Beijing to retaliate with a 15% levy on US LNG and 10% on US crude oil.…
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Islamabad: The government is in the final stages of finalizing the National Minerals Harmonisation Framework 2025, a key initiative aimed at attracting investment in Pakistan’s mineral sector. All provinces, along with Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan, are set to adopt the policy by February 26, 2025. The framework will be formally unveiled at the Pakistan Critical Minerals Summit…
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Islamabad/Beijing: President Asif Ali Zardari met Chinese President Xi Jinping in Beijing on Wednesday, reaffirming the long-standing strategic partnership between Pakistan and China and charting the course for the expansion of CPEC under its second phase. Held at the Great Hall of the People, the meeting focused on enhancing bilateral cooperation, regional connectivity, and shared prosperity through CPEC. Both leaders…
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Islamabad is set to host a two-day international climate conference under DawnMedia’s ‘Breathe Pakistan’ initiative, beginning today at the Jinnah Convention Centre. The event brings together national and international experts to discuss viable solutions for climate resilience and mobilizing climate finance. The conference aims to position Pakistan as a climate-resilient nation by 2047 through collaboration with South Asian countries. Experts…
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Beijing Feb 5 Sindh, China Strengthen Economic Ties with Focus on Infrastructure, Energy, and KCR In a significant step towards economic cooperation, a high-level delegation from the Sindh government, led by Chief Minister Syed Murad Ali Shah, met with top executives of Chinese companies in Beijing on February 5. The meetings focused on major infrastructure and energy projects, paving the…
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Feb 4 (TechRepublic) – Researchers at the University of Waterloo, Canada, have discovered that data centres could slash energy consumption by up to 30% with a minor tweak—rewriting just 30 lines of code in the Linux kernel’s network stack. The study highlights inefficiencies in how servers handle incoming network traffic, paving the way for major energy savings. Optimizing CPU Efficiency…
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Feb 4 (Reuters) – Oil prices fell on Tuesday after U.S. President Donald Trump delayed a decision on steep tariffs for Mexico and Canada, the country’s largest foreign oil suppliers. Meanwhile, concerns over increased OPEC+ production from April added further pressure to prices. Market Movement: Brent crude declined 50 cents (0.7%) to $75.46 per barrel by 0432 GMT.U.S. West Texas…
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Islamabad: In a significant development aimed at stabilizing Pakistan’s economy and ensuring a steady supply of petroleum products, the Kingdom of Saudi Arabia (KSA) has signed a Memorandum of Understanding (MoU) with Pakistan for a $1.2 billion Saudi Oil Facility (SOF) for one year. Under the agreement, Saudi Arabia will provide Pakistan with deferred oil payments at a 6% markup,…
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Lahore: Tariq Electric (Pvt) Ltd, a licensed panel builder and official channel partner of ABB, hosted a prestigious event in Lahore, unveiling ABB’s latest product line and cutting-edge electrical solutions. The gathering brought together senior industry professionals, renowned consultants, and key stakeholders from the energy and electrical sectors. A keynote address by Mr. Sean Barnicle from ABB Italy was the…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is set to hold a public hearing today on the approval of the 220-megawatt SITE Neutral Hybrid Project, a pioneering initiative in Pakistan’s renewable energy sector. K-Electric (KE) will present its stance on the project, which has secured the lowest tariff bid of 3.09 cents per kilowatt-hour (kWh) from Canadian firm JCM…
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