Year: 2025

Sindh CM, China-Africa & Asia Economic Trade team agree on strategic biotechnology; livestock partnerships

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KARACHI (Nov 26): Sindh Chief Minister Syed Murad Ali Shah hosted a high-stakes meeting with the China-Africa & Asia Economic Trade Cooperation delegation and representatives from Louyang Modern Biology, proposing extensive bilateral and triangular collaboration in biotechnology, agriculture modernisation, and livestock development.The Chief Minister highlighted Sindh as a “growth-ready province” with vast potential, particularly in its 14 million acres of fertile land and expanding industrial zones.The meeting held at CM House was attended by Minister of Transport Sharjeel memon, Home Minister Ziaul Hassan Lanjar, Minister of Fisheries & Livestock Mohammad…

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Milbank Updates on Reko Diq Financial close

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A meeting was held between the Federal Minister for Petroleum, Ali Pervaiz Malik, the Managing Director of OGDCL, Ahmed Hayat Lak and Munib Hussain, London based Partner at the international law firm, Milbank. The participants reviewed key developments in the energy and resources sector, including the current status of financing for the Reko Diq Copper and Gold Project. Briefing the Minister and the OGDCL leadership, Mr. Hussain,who represents the project’s financiers,shared positive updates on attainment of financial close for the Reko Diq project. The meeting also included discussions on additional…

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KATI Condemns OGRA’s Gas Price Hike, Urges PM Intervention

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OGRA-GAS

KARACHI: The Korangi Association of Trade and Industry (KATI) has strongly opposed the Oil and Gas Regulatory Authority’s (OGRA) recent decision to raise gas tariffs for Sui Southern Gas Company (SSGC), warning that the move will exacerbate economic pressures on industries and households alike. KATI President Ikram Rajput described the increase as unjustified in the current economic climate, highlighting that it unfairly burdens already struggling manufacturers and consumers. He noted that positive economic developments—such as a reduction in unaccounted-for gas (UFG) losses and declining interest rates—should have supported stable or…

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Nepra Clears Wapda of Any Fault in January 23, 2023 Nationwide Blackout

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has officially exonerated the Water and Power Development Authority (Wapda) from any blame in the delayed restoration of Pakistan’s power system following the countrywide blackout on January 23, 2023. According to Nepra’s report, the total power system collapse occurred at 07:34:43 hours, plunging the nation into darkness. Full restoration was achieved almost 20 hours later, on January 24, 2023. Nepra immediately constituted an Inquiry Committee (IC) to investigate the incident, which included site visits to powerhouses, grid stations, and offices, along with…

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PM Shehbaz Sharif Urges SOCAR to Tap Investment Opportunities in Pakistan’s Oil & Gas Sector

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ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called on Azerbaijan’s state-owned energy giant SOCAR to seize promising investment opportunities in Pakistan’s oil and gas sector, as the country seeks to attract critical foreign capital amid ongoing energy challenges. During a meeting with Mikayil Jabbarov, Azerbaijan’s Minister of Economy, who led an official delegation to Pakistan, Sharif highlighted Azerbaijan’s strategic interest in the White Oil Pipeline Project, a key infrastructure initiative expected to enhance regional energy connectivity. The discussions focused on strengthening economic ties and exploring a Pakistan-Azerbaijan Joint Investment Company…

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