Day: October 6, 2022

Minister for power met the representatives of State Grid Chin

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Minister for power met the representatives of State Grid China. In line with the vision of Minister Khurram Dastgir Khan, SGC has shown interest in developing advance metering Infrastructure(AMI) for DISCOs in Pak. SGC has already installed 500 million AMI meters in China ,5 million in KSA.Minister for power applauded the professionalism of State Grid China company that has installed 4000 MW HVDC Matiari Lahore transmission line. The project is a milestone in diversification of national grid with maiden addition of HVDC technology.

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Pakistan and Kazakhstan to focus on developing energy cooperation

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The Ambassador of Kazakhstan to Pakistan H.E. Mr. Yerzhan Kistafin called on Minister of state for petroleum Dr. Musadik Malik here today. Minister warmly welcomed the ambassador and noted the importance of energy cooperation between both the countries. Dr. Musadik appreciated the brotherly relations and long-standing people to people affinity. He further remarked that Pakistan can benefit greatly from the huge energy reserves of Kazakhstan. Not only the immediate energy demands of Pakistan can be met but also Pakistan can serve as a gateway via Gwadar to the energy products…

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Islamic Chamber Collectively Represents $7 Trillion Economy Irfan Iqbal Sheikh

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Karachi (PR): In a message, Mr. Irfan Iqbal Sheikh, President FPCCI, has said that Pakistan needs to expand and enrich its trade promotion activities with the 57-member alliance of Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) – which collectively represents a GDP of $7 trillion. He explained that these countries have huge demand for Pakistani textiles; leather goods; rice, fruits & vegetables, IT services; skilled & semi-skilled workforce; and, we should capitalize on the opportunities to bridge our trade deficit of up to $4 billion / month, which is…

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OPEC+ JMCC Committee Recommends 2 Million Bpd Production Cut

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The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group recommended on Wednesday that the alliance cut 2 million barrels per day (bpd) of production for November, according to various sources after the committee’s meeting ended. The full OPEC+ ministerial meeting begins shortly. Earlier reports suggested that OPEC+ would discuss a production cut of between 500,000 bpd and 1 million bpd at today’s meeting. Most analysts were leaning toward predicting a 1 million bpd cut. Then on Tuesday, more reports emerged that OPEC+ could discuss a cut as deep as…

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China’s Balancing Act In Afghanistan

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In late June, a severe earthquake struck southeastern Afghanistan. In the immediate aftermath of the disaster, the People’s Republic of China (PRC) announced it would provide 50 million RMB ($7.2 million) in emergency aid, including tents, blankets, cots and other sorely needed supplies to the impacted areas (People’s Republic of China Ministry of Foreign Affairs (FMPRC), June 25). Beijing invests in Afghanistan to further its long-term economic, strategic and political interests. Since the U.S. withdrawal last year, China has had an opportunity to advance its interests and deepen its clout…

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