Month: July 2020

China and Iran draw up military and trade partnership in defiance of Trump administration

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Iran and China have quietly drafted a sweeping economic and security partnership that would clear the way for billions of dollars of Chinese investments in energy and other sectors, undercutting the Trump administration’s efforts to isolate the Iranian government because of its nuclear and military ambitions. The partnership, detailed in an 18-page proposed agreement, would vastly expand Chinese presence in banking, telecommunications, ports, railways and dozens of other projects. In exchange, China would receive a regular — and, according to an Iranian official and an oil trader, heavily discounted —…

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Will build biggest dam in Pakistan’s history’: PM Imran kicks off construction work at Diamer-Bhasha Dam

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Prime Minister Imran Khan on Wednesday vowed to build the “biggest dam in Pakistan’s history” after kicking off construction work at the Diamer-Bhasha Dam project, adding that the project will also benefit the people living in Gilgit-Baltistan (GB). The prime minister made the remarks while addressing a public gathering in Chilas. Earlier, the PM had visited the site of the dam along with Chief of Army Staff Gen Qamar Javed Bajwa and Federal Minister for Water Resources Faisal Vawda, where they were briefed on the mega project. In a tweet…

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Venezuela Restarts Gasoline Output At Only Operating Refinery

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Venezuela’s state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world’s largest oil reserves that is experiencing severe gasoline shortages, sources with knowledge of the matter told Reuters. PDVSA’s refinery Cardon, capable of processing 310,000 barrels per day, was hit by a fire last week and people with knowledge of the operations told Reuters on July 6 that gasoline production was halted because the fire had affected the catalytic cracking unit. The refinery has since resumed production of gasoline, according…

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40 acres of Hawkes Bay land to be given to KE

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KARACHI: As much as 40 acres of land at Hawkes Bay Beach will be allotted to K-Electric (KE) to set up a 500 kilowatt grid station. The decision was made during a meeting chaired by Energy minister Imtiaz Ahmed Shaikh on Tuesday. Directing KE officials to begin working on the project at the earliest, the minister maintained that the Sindh government was taking every possible step to aid the relevant institutions in providing electricity to the citizens of Karachi. The meeting also discussed issues pertaining to the land reserved for…

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