Day: January 13, 2026

Pakistan, Saudi Arabia Deepen Mining Cooperation, Explore Joint Investment Opportunities

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New-Project15

Press Release : January 13,2026 Federal Minister for Petroleum Ali Pervaiz Malik is in Riyadh leading Pakistani delegation at the Future Minerals Forum (FMF) 2026, hosted by the Ministry of Industry and Mineral Resources of the Kingdom of Saudi Arabia. On the sidelines of the Forum, Ali Pervaiz Malik held a meeting with H.E. Bandar Ibrahim Al-Khorayef, Saudi Minister of Industry and Mineral Resources. Discussions focused on strengthening bilateral cooperation in the mining and minerals sector, exploring joint investment opportunities, and enhancing collaboration across the mineral value chain.The Saudi Minister…

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LESCO Issues Over 124,000 New Power Connections in Six Months, Boosts Solar Net Metering

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New-LESCO

LAHORE: The Lahore Electric Supply Company (LESCO) provided 124,437 new electricity connections between July and December 2025, underscoring its ongoing efforts to enhance consumer access and service delivery. According to LESCO officials, the newly issued connections included 119,511 domestic, 4,224 commercial, 605 industrial and 92 tube-well connections. The figures reflect steady growth in demand across residential and business sectors within LESCO’s jurisdiction. In addition to conventional connections, LESCO also made significant progress in renewable energy integration. During the same period, 129,979 net metering connections were successfully installed, adding around 1,900…

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Pakistan Seeks Out-of-Court Settlement to Shelve Iran–Pakistan Gas Pipeline

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gas-pipeline

ISLAMABAD: Pakistan has informed Iran of its intention to shelve the long-delayed Iran–Pakistan (IP) gas pipeline project through an out-of-court settlement, while keeping the option open to revive the project if a waiver from United States sanctions can be secured, sources said on Monday. The IP gas pipeline has remained stalled since 2014 due to US sanctions on Iran, despite Tehran granting Pakistan extensions of more than a decade to meet its contractual obligations. Iran has also initiated legal proceedings against Pakistan for failing to execute the project within the…

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PM Pushes for ‘Export Emergency’ to Achieve $60bn Exports by 2029

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Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif has formed a high-level committee to examine a proposal for declaring an “export emergency” as Pakistan seeks to double its export earnings to $60 billion within four years by removing structural and administrative bottlenecks, Planning Minister Ahsan Iqbal said on Monday. Addressing a press conference, Iqbal said the committee, chaired by Deputy Prime Minister and Finance Minister Ishaq Dar, would review wide-ranging proposals aimed at boosting exports. He noted that the planning ministry had recently briefed the country’s civil and military leadership on strategies to…

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Gas Shortages Deepen Winter Hardships for Karachi Residents

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Gas-Supply

KARACHI: The gas crisis gripping Karachi for the past four days worsened on Monday, leaving several neighbourhoods without any gas supply and others struggling with critically low pressure, further intensifying the winter ordeal for residents. With minimum temperatures dropping to 8.1 degrees Celsius, according to the Met Office, office-goers, students and families continued to suffer from cold kitchens and disrupted daily routines. Residents across the city said the cold spell once again exposed serious flaws in the gas utility’s distribution system, turning routine household life into a daily struggle. “How…

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