Year: 2025

Pakistan, ADB Sign $730m Agreements to Strengthen Power Grid and Reform State-Owned Enterprises

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Asian-bank

ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have signed two major initiatives worth a combined $730 million aimed at strengthening the country’s power transmission network and accelerating reforms in the state-owned enterprises (SOEs) sector. According to an official statement issued on Thursday, the second Power Transmission Strengthening Project involves financing of $330 million, while the Accelerating SOE Transformation Programme is valued at $400 million. The initiatives are designed to ease overloading of existing transmission lines, improve energy reliability and enhance operational efficiency in key public-sector entities. At the start…

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Russia Delays LNG Expansion Targets Amid Sanctions Pressure

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China-LNG

MOSCOW: Russia has postponed by “several years” its plan to achieve an annual liquefied natural gas (LNG) production capacity of 100 million tonnes, Deputy Prime Minister Alexander Novak said on Thursday, citing the impact of Western sanctions on the country’s energy sector. Speaking to state broadcaster Rossiya-24, Novak said sanctions imposed over the conflict in Ukraine—particularly those targeting new projects such as Arctic LNG 2—have disrupted Russia’s long-term ambitions. Moscow had aimed to secure around 20 per cent of the global LNG market by 2030–2035, up from about 8 per…

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CM Murad reviews $1.319bn ADB-assisted projects, orders faster execution of BRT Red LineADP portfolio shows 67% contract awards, 38% cumulative disbursement

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New-Project104

KARACHI (Dec 24): Sindh Chief Minister Syed Murad Ali Shah presided over a high-level meeting to review the Asian Development Bank’s (ADB) portfolio in Sindh as of December 2025, expressing satisfaction over the scale of ongoing development cooperation while calling for faster implementation and improved disbursement. The meeting, held at CM House, was attended by Provincial Ministers, Dr Azra Fazal Pechuho, Syed Sardar Shah, Jam Khan Shoro, Zulfiqar Shah, CM’s Special Assistant on Public Health Saleem Baloch, PSCM Agha Wasif, Chairman P&D Najam Shah, SMBR Khalid Hyder Shah. The Chief…

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Government Committed to Inclusive Growth and Interfaith Harmony, Says Ali Pervaiz Malik

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New-Project103

Islamabad: December 24,2025 Federal Minister Ali Pervaiz Malik graced Christmas Celebrations today as chief guest and reaffirmed Commitment to Inclusivity and Interfaith Harmony. Oil & Gas Development Company (OGDC) organized a special event to celebrate Christmas, bringing together Christian employees from the Petroleum Division, OGDC, Pakistan Petroleum Limited (PPL), Government Holdings (Private) Limited (GHPL), and Pakistan LNG Limited (PLL). Addressing the gathering, the Federal Minister appreciated the dedication and hard work of the workforce that serves the country day and night. He stated that the Christian members of the petroleum…

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Unity Foods appoints Amir Shehzad as new CEO in planned leadership transition

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New-Project102

Unity Foods Limited has announced the appointment of Amir Shehzad as the new Chief Executive Officer, marking a carefully planned leadership transition undertaken with the full support and cooperation of Wilmar International. The transition underscores the Company’s continued commitment to strong governance, operational stability, and long-term value creation.As part of this transition, Farrukh Amin has stepped down as Chief Executive Officer and assumed the role of Non-Executive Director on the Board. In this capacity, he will continue to contribute to Unity Foods’ strategic direction and growth, ensuring continuity and institutional…

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