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Category: Highlights

Pakistan-China Security Cooperation: A Strengthened Partnership for Regional Stability

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Pakistan-China

Pakistan’s commitment to ensuring the safety and security of Chinese nationals in Pakistan has become increasingly significant as terrorist attacks targeting Chinese personnel have intensified in recent years. This commitment was highlighted during the recent visit of Chinese Premier Li Qiang to Pakistan, where the two nations reinforced their determination to combat terrorism, safeguard Chinese nationals, and secure key infrastructure…

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Foreign direct investment in Pakistan energy sector surges to $585.6mn in Q1FY25

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Power-sector

SBP reported a 48 percent increase in FDI, with inflows reaching $771 million in Q1FY25 Foreign direct investment (FDI) in Pakistan’s energy sector, including power and oil and gas exploration, reached $585.6 million during July-September 2024-25 (Q1FY25), a significant increase from $266.3 million in the same period last year (Q1FY24). The power sector remained the largest recipient, followed closely by…

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Government Should announce Winter Package with Power Tariff at Rs. 20 / Unit for Export-Oriented Industries President FPCCI

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fpcci

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has urged the government to announce a comprehensive, effective and multi-sectoral winter package for trade and industry to mitigate and overcome challenges in industrial production. The industries are in a dire need of facilitation, incentivization and cost-cutting measures to meet export targets through competitiveness in the export markets, he added. Atif Ikram Sheikh…

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Trump Edges Harris in Key Swing States as GOP Secures Senate Majority

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Trump-Edges

WASHINGTON: Former President Donald Trump is leading Vice President Kamala Harris in the U.S. presidential election, securing pivotal wins in battleground states as he strengthens his bid for the White House. Trump’s successes in North Carolina, Arkansas, and South Carolina have propelled him to 230 electoral votes, compared to Harris’s 210. The Republican Party has also reclaimed control of the…

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Pakistan Confronts Climate Change Challenges at Sustainable Development Conference

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New-0002

ISLAMABAD: Acting President and Senate Chairman Syed Yousuf Raza Gilani highlighted Pakistan’s struggle with climate change, describing it as a significant obstacle to sustainable development. Speaking at the 27th Sustainable Development Conference (SDC), organized by the Sustainable Development Policy Institute (SDPI) with the Ministry of Climate Change, he emphasized Pakistan’s progress in climate governance. This year’s conference theme, “From Fragility…

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Russian oil and gas revenue jumps 57% m/m in October

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russain oil

MOSCOW: Proceeds from oil and gas sales for Russia’s federal budget in October jumped about 57% from September to 1.21 trillion roubles ($12.35 billion), finance ministry data showed on Tuesday, thanks to the once-a-quarter payment of profit-based oil tax. That’s against a forecast of 1.17 trillion roubles based on Reuters calculations, and down from 1.63 trillion roubles in October 2023.…

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Iran oil prices to China at multi-year high after exports fall

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oil price

SINGAPORE: Discounts on Iranian crude oil sold to China are at their tightest in around five years as lower exports drive up prices amid concerns that Middle East tensions may disrupt supply, trading sources said. The discounts are the narrowest since Chinese independent refiners, known as teapots, stepped in as buyers in late 2019, filling a vacuum left by the…

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Stalemate Persists in Talks with 18 IPPs as Dispute Over Figures Impedes Progress

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Power

ISLAMABAD: Despite the Task Force on Energy’s success in terminating or amending contracts with 13 Independent Power Producers (IPPs), negotiations with the remaining 18 IPPs from the 1994 and 2002 policies remain deadlocked, as both sides contest each other’s financial figures, sources revealed. The Task Force, chaired by Minister for Power Sardar Awais Khan Leghari and comprising key officials from…

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Israel declares emergency for next 48 hrs amid rising tensions with Lebanon

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israel

Israel has declared an emergency for the next 48 hours amid the country’s escalating tensions with Lebanon, according to The Times of Israel. Israel’s Defence Minister, Yoav Gallant, declared an emergency. This comes as a “special situation in the home front,” which enables the IDF Home Front Command to issue restrictions. In emergencies, the legal term “special situation” is used…

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Oil gains over 2% after OPEC+ delays output hike, US election in focus

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Oil-gains

Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while the market braced for a crucial week that includes the U.S. presidential election. U.S. Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls ahead of Tuesday’s Election Day, and the winner might not…

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