Author: Admin

Pakistan Must Act Fast to Unlock \$8bn Mining Potential

Admin
National-Resources

KARACHI: Pakistan’s mining sector holds the key to transforming the national economy, with the potential to boost annual revenues from the current \$2 billion to as high as \$6–8 billion by 2030, if the country harnesses its vast untapped mineral reserves. Speaking at the Natural Resources and Energy Summit 2025 on Wednesday, Shamsuddin A. Shaikh, CEO of National Resources Ltd (NRL), underlined that Pakistan sits on one of the world’s richest mineral belts yet contributes only 0.15% to global mineral output and 2–3% to national GDP. Of the 92 known…

Read More

Oil edges down as investors assess Russia supply risks

Admin
Oil price

LONDON: Oil prices eased on Wednesday, after rising more than 1% in the previous session, as investors assessed Russian supply risks following Ukrainian drone attacks on energy infrastructure. Brent crude futures were down 27 cents, or 0.4%, to $68.20 a barrel by 1249 GMT, while U.S. West Texas Intermediate crude futures were down 31 cents, or around 0.5%, to $64.21 a barrel. The benchmarks settled more than 1% higher in the last trading session due to concerns that Russian supplies may be disrupted by Ukrainian attacks. Russia’s oil pipeline monopoly Transneft had…

Read More

14th IEEEP Fair 2025 Kicks Off at Karachi Expo Centre

Admin
New-Project28

KARACHI: The 14th International Electrical & Electronics Engineering Fair (IEEEP Fair 2025) opened its doors on Tuesday at the Expo Centre Karachi. Scheduled from September 16 to 18, 2025, the event is organised by the IEEEP Karachi Centre in collaboration with Badar Expo Solutions. This year’s edition features over 200 local and international exhibitors, showcasing innovations and solutions from the electrical, electronics, and renewable energy sectors. The fair serves as a vital platform for industry professionals, investors, and technology providers to explore emerging trends, forge partnerships, and drive growth in…

Read More

Reko Diq Secures $5.5bn IFI Commitments, Paving Way for Construction in 2025

Admin
Reko-Diq

ISLAMABAD: Pakistan’s flagship Reko Diq copper-gold project has secured over $5.5 billion in financing commitments from leading international financial institutions (IFIs), well above its actual requirement of $3.74 billion. The $7.48 billion venture, located in Balochistan’s Chagai district, is being developed under a 50:50 debt-to-equity model, with construction set to begin in December 2025 and commercial operations targeted for 2028. The US Export-Import Bank has pledged about $1 billion, while the Japan Bank for International Cooperation (JBIC) will provide $300 million. Denmark’s export credit agency has also offered guarantees to…

Read More

KAPCO Begins Commercial Operations of 495MW Power Plant

Admin
KAPCO-Denies

KARACHI: Kot Addu Power Company Limited (KAPCO) has commenced commercial operations of its 495-megawatt power plant, following the successful completion of the Initial Tested Capacity (ICT) and Initial Heat Rate Test (HRT) on September 12, 2025. The Independent Engineer has formally issued the test certificate, confirming compliance. The development activates the Tripartite Power Purchase Agreement (TPPA) signed on June 4, 2025, after approval by the National Electric Power Regulatory Authority (NEPRA). With the tests concluded, the TPPA became effective from September 13, 2025, marking the plant’s Commercial Operation Date (COD).…

Read More