High-level Saudi business delegation arrives in Pakistan on three-day visit

saudi pakistan deal

PM Shehbaz had earlier stated that he expected agreements worth $2 billion to be signed A high-level delegation of Saudi investors, led by Minister of Investment Khalid bin Abdulaziz Al-Falih, arrived in Pakistan on Wednesday on a three-day visit, amid Islamabad’s expectations that the two countries will sign bilateral agreements worth $2 billion. Federal Ministers Musadik Malik, Jam Kamal Khan,…

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Task Force to Approve Mechanism for $5bn Investment in Gas Sector, Including 35% Sale to Private Firms

Asian-bank

ISLAMABAD: The task force on gas-related issues is expected to address the delayed implementation of the amended Exploration and Production (E&P) Policy 2002 in a critical meeting today (Wednesday), chaired by Deputy Prime Minister Ishaq Dar. The amended policy, approved by the Council of Common Interests (CCI) on January 26, 2024, allows E&P companies to sell 35% of gas from…

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Pakistan Prepares Debt Re-profiling Proposal for $15.4bn CPEC Power Projects Ahead of Chinese PM’s Visit

CPEC-Power

ISLAMABAD: Pakistan is set to re-profile $15.4 billion of debt tied to electricity projects under the China-Pakistan Economic Corridor (CPEC) during the upcoming visit of the Chinese Prime Minister later this month. A memorandum of understanding (MoU) regarding the debt restructuring is expected to be signed during the visit. The Government of Pakistan has proposed a 5-year extension in the…

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Artificial Plant Purifies Air and Generates Electricity

Artificial-Plant

Scientists have developed an artificial plant that not only generates enough electricity to charge a smartphone but also purifies indoor air at a much more efficient rate than natural plants. A team from Binghamton University, New York, originally created this artificial plant for entertainment purposes by using five biological solar cells and photosynthetic bacteria. However, they soon realized its practical…

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

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…

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

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…

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

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…

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Slain Chinese Nationals Were Involved in IPP Negotiations, Says Aurangzeb

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…

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

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…

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