Day: November 27, 2025

Prime Minister Shehbaz Sharif and Bahrain’s Crown Prince and Prime Minister Prince Salman bin Hamad Al Khalifa have agreed to raise bilateral trade to US$1 billion within three years — a significant step toward strengthening economic and strategic cooperation. The agreement was reached during a meeting at Qasr Al-Qudaibiya in Manama, where both leaders placed economic partnership at the forefront. Current trade stands at over US$550 million, with momentum expected to grow through the near-finalisation of the Pakistan–GCC Free Trade Agreement and recent visa relaxations aimed at boosting business mobility.…

ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik has cautioned that Pakistan is already bearing severe human and economic costs due to delayed climate action. He was speaking at a panel discussion titled “Climate Resilience: Who Pays the Price for Delay?” organised by the Pakistan Business Council. Malik highlighted the staggering toll of climate-induced disasters, noting that around 4,700 people have lost their lives in the last four major floods — a number exceeding casualties from any war in Pakistan’s history. Nearly 18,000 individuals have suffered…

ISLAMABAD: Pakistan and its international partners are poised to achieve financial close within the next two weeks for the multibillion-dollar Reko Diq copper and gold mining project, securing $3.5 billion in funding to advance one of the country’s most significant resource ventures. Sources confirmed that Pakistan has devised both Plan A and Plan B to ensure smooth execution of the project. Under the primary plan, financing is being arranged through lenders, while construction at the site has already begun, with machinery deployed even ahead of the financial close. A formal…

KARACHI: The recent greenish discolouration of seawater and reports of glowing waves along Karachi and parts of the Balochistan coast are the result of a naturally occurring, non-toxic bloom of Noctiluca scintillans — commonly known as “sea sparkle” — and not caused by pollution, the World Wide Fund for Nature–Pakistan (WWF-P) clarified on Wednesday. Dismissing concerns about harmful algal blooms or eutrophication, WWF-P explained that the phenomenon is linked to the seasonal proliferation of Noctiluca scintillans, a free-floating marine organism known for its striking bioluminescence at night. According to the…