Year: 2024

China to Retain Top Spot as World’s Largest LNG Buyer in 2024-25, Says IEA

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New-IAEA

Industrial demand fuels China’s dominance in global LNG market Japan’s LNG demand declines amid nuclear restarts and renewables expansionHIROSHIMA: China is projected to remain the world’s leading buyer of liquefied natural gas (LNG) in 2024 and 2025, driven by robust industrial demand, according to Keisuke Sadamori, a director at the International Energy Agency (IEA). After overtaking Japan last year as the top LNG importer, China is expected to see a 16% rise in gas demand by 2025. The IEA also highlighted India’s growing LNG consumption, set to increase by 9%…

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Dawood Lawrencepur Transfers 100% Stake in Reon Energy to Juniper International

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Reon-Energy

Strategic shift in Dawood Lawrencepur’s renewable energy investments Reon Energy specializes in solar energy, storage, and electric vehicle solutionsKARACHI: Dawood Lawrencepur Limited (DLL) has announced the transfer of its entire shareholding in Reon Energy Limited (REL) to Juniper International FZ LLC. The transfer, involving 102.6 million shares representing 100% of REL’s capital, was completed on October 7, 2024, under a Share Purchase Agreement dated March 22, 2023, according to a notice to the Pakistan Stock Exchange (PSX). Reon Energy provides solar energy solutions, energy storage, electric vehicle charging, and digitalization…

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Pakistan to Sign $2 Billion Agreements with Saudi Arabia, Says PM Shehbaz

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Shahbaz-Sharif

Saudi delegation to visit Pakistan ahead of SCO meeting Agreements aim to bolster Pakistan-Saudi economic partnershipsISLAMABAD: Pakistan is set to sign agreements worth approximately $2 billion with a Saudi delegation visiting the country from October 9 to 11, Prime Minister Shehbaz Sharif announced on Tuesday. The delegation, led by Saudi Minister for Investment Khalid Bin Abdulaziz Al-Falih, will include representatives from both government agencies and the private sector, signaling enhanced economic cooperation between the two nations. During a federal cabinet meeting, PM Shehbaz highlighted recent economic progress, crediting support from…

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Slain Chinese Nationals Were Involved in IPP Negotiations, Says Aurangzeb

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Muhammad-Aurangzeb

PM Shehbaz assures enhanced security for Chinese nationals Finance minister highlights daily economic loss of Rs190 billion due to PTI-led unrest Vows to prevent repeat of 2014 when protests disrupted President Xi’s visitISLAMABAD: Chinese nationals killed in a terrorist attack near Karachi airport were actively engaged in renegotiations with Pakistan’s government regarding Independent Power Producers (IPPs), Finance Minister Muhammad Aurangzeb revealed on Tuesday. The talks aimed at restructuring debt to lower power tariffs. Prime Minister Shehbaz Sharif pledged to bolster security for all Chinese workers in Pakistan, emphasizing the necessity…

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Uzbekistan appoints new ambassador to Pakistan Alisher Tukhtaev has been appointed as the new Ambassador of Uzbekistan to Pakistan.

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new-Ambassador

According to the information agency “Dunyo”, Tukhtaev has already arrived in Islamabad to assume his duties. Prior to this appointment, Tukhtaev served as an advisor to the Minister of Foreign Affairs of Uzbekistan. His extensive experience also includes roles at the Institute for Strategic and Interregional Studies under the President of Uzbekistan, as well as within the Presidential Administration. Tukhtaev succeeds Oybek Usmanov, who led the Uzbek Embassy in Pakistan from 2021 to 2024. The transition marks a continuation of Uzbekistan’s diplomatic engagement with Pakistan, a key partner in the…

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