Year: 2025

Poland to boost investment in Pakistan’s oil and gas sector

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Poland-Pak

ISLAMABAD: During a meeting with Finance Minister Muhammad Aurangzeb on Monday, Polish Ambassador Maciej Pisarski reiterated Poland’s strong interest in expanding its footprint in Pakistan’s oil and gas sector, which already holds investments exceeding $100 million.Ambassador Pisarski stated that Poland intends to reinvest locally generated resources into new exploration projects and is looking to share technical expertise and regulatory support with Pakistan. He noted that bilateral trade has surpassed $1 billion, largely in Pakistan’s favor, and expressed Poland’s desire to broaden cooperation into mining and other resource-rich areas.Finance Minister Aurangzeb…

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Experts at LUMS moot address climate and energy hurdles

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New-LUMS

LAHORE: A three-day conference on development economics at the Lahore University of Management Sciences (LUMS) brought together global experts to discuss critical issues, with a special focus on climate and energy challenges facing South Asia.The G²LM|LIC/Path2Dev/BREAD Academic & Policy Conference highlighted key research findings, including studies that found high temperatures and prepaid electricity meters can restrict access for impoverished communities.Other topics explored during the discussions included:Employment and Human Capital: Research suggested that improved information sharing can boost female labor force participation.Education and Health: These areas were underscored as essential for…

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China receives fourth LNG cargo from sanctioned Russian Arctic project

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lpg

BEIJING: A fourth tanker carrying liquefied natural gas (LNG) from Russia’s sanctioned Arctic LNG 2 project has discharged its cargo at a Chinese port. Ship-tracking data from LSEG confirms that the sanctioned Russian tanker Buran arrived at the Beihai LNG Terminal in Guangxi on September 12 and discharged its 166,000 cubic meters of LNG cargo, which was loaded at the Gydan facility in northern Siberia on August 22.This latest delivery brings China’s total LNG intake from the sanctioned project to over 552,000 cubic meters since late August. Meanwhile, a fifth…

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President Zardari seeks to resolve ‘outstanding issues’ with Shanghai Electric after K-Electric deal collapse

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Zardari-Asif

SHANGHAI: President Asif Ali Zardari has invited the Shanghai Electric Power Company to reinvest in Pakistan, assuring that any “outstanding issues” will be resolved amicably and in a spirit of mutual cooperation. The outreach follows Shanghai Electric’s decision to terminate its long-pending offer to acquire a majority stake in K-Electric, citing unfavorable changes in Pakistan’s business environment and the seller’s failure to meet closing conditions.The President’s assurance came during a meeting with Shanghai Electric Chairman Wu Lei in Shanghai, where he also encouraged the company to explore further investments in…

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