With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. Entirely financed by China to the tune of $240 million, it’s anyone’s guess when New Gwadar International Airport will open for business. Located in the coastal city of Gwadar and completed in Oct 2024, its a stark contrast to the impoverished, restive southwestern BalochistanFor the…
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Islamabad — Pakistan and Azerbaijan have signed agreements and memorandums of understanding (MOUs), chiefly about trade and energy, during a visit to Azerbaijan by Pakistani Prime Minister Shehbaz Sharif. Sharif arrived Sunday in the Azerbaijani capital, Baku, for a two-day visit to hold talks with President Ilham Aliyev and other top officials. In a post on social media, the Pakistani…
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Pakistan’s power transmission system serves as the backbone of the electricity sector, facilitating the transfer of electricity from power generation plants to consumers across the country. However, despite significant investments in generation capacity, the transmission network remains outdated, inefficient and increasingly strained, preventing the effective delivery of electricity where it is needed the most. The country has invested heavily in…
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LONDON: Oil prices steadied on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq. Brent futures were up 13 cents, or 0.2%, at $74.56 barrel by 1103 GMT while U.S. West Texas Intermediate crude futures added 11 cents, or 0.2%, to $70.51.…
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LAUNCESTON: Asia’s imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly two years in February, while Europe’s are set to surge to the second-highest on record. The weakness in Asia shows buyers are shunning expensive spot cargoes, with prices at least 50% higher than what they were this time last year. A milder-than-usual winter…
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Lahore, Pakistan, February 21st, 2025 – To support the development of a pipeline of feasible projects in Pakistan for international carbon markets, the Supporting Preparedness for Article 6 Cooperation (SPAR6C) program has announced its intention to provide technical assistance to the Lakhodair Landfill in Punjab province of Pakistan. The announcement was made as part of a visit from representatives of…
Read MoreIslamabad, Pakistan, February 18, 2025 – Prominent government leaders from Pakistan and Germany met during a high-level bilateral meeting organized at the Ministry of Climate Change and Environmental Coordination (MoCC&EC), to discuss shared goals for strengthening Pakistan’s carbon market rules and regulations, policies, integrity and infrastructure. This bilateral meeting was held under the patronage of Secretary (In charge) MoCC&EC, Ms.…
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In a recent statement, Chinese Ambassador to Pakistan HE Jiang Zaidong highlighted the significant strides made in China-Pakistan relations, especially in light of the recent high-level visits between the two countries. President Asif Ali Zardari’s state visit to China earlier this month, following Prime Minister Shehbaz Sharif’s visit in June of last year and Premier Li Qiang’s visit to Pakistan…
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ISLAMABAD – China Three Gorges South Asia Investment Ltd. has launched the Karot Hydropower Project Report 2025, detailing the successful operations of the Chinese power initiative under the China-Pakistan Economic Corridor (CPEC). The report was unveiled at the one-day International Conference on ‘Regional Connectivity & Pakistan: Emerging Opportunities,’ hosted by the Pakistan-China Institute in Islamabad. It emphasizes the significant benefits…
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