Day: July 15, 2026

Pakistan pledges more security for China-run copper and gold mine after insurgency warning

Admin
gold price

Pakistan has pledged extra security for its largest operating ​Chinese-run copper ⁠and gold mine after the operator warned that worsening militant ‌violence could force it to ‌halt production within a month, a senior minister told Reuters on Wednesday. The warning from Saindak Metals Limited, the joint venture behind the Saindak mine in Balochistan province, highlights growing ‌security risks for Chinese investments in Pakistan’s mineral-rich southwest, where separatist attacks have intensified and ⁠disrupted other major projects. “We have directed the provincial authorities and all concerned security agencies to beef up deployment…

Read More

China’s power use rises 5.3% in H1, showing strong economic activity

Admin
solar

China’s electricity consumption, a key barometer of economic activity, rose 5.3 percent year-on-year to 5.09 trillion kilowatt-hours in the first half of 2026, according to the National Energy Administration (NEA) on Wednesday. Electricity consumption saw an uptick with households consuming more electricity during the summer heat and as the country’s digital industries continued to gain momentum. China’s peak electricity load climbed to a record high of 1.518 billion kilowatts on Friday, a record for the year, according to the National Development and Reform Commission (NDRC), China’s top economic planner.  The…

Read More

Petrol shortage fears grow in Pakistan, including Karachi

Admin
petrol

KARACHI: Fears of a petrol shortage have emerged across Pakistan, including Karachi, after oil dealers claimed that oil marketing companies (OMCs) have started limiting the supply of petroleum products amid rising global oil prices, ARY News reported. According to Sindh Petroleum Dealers Association President Amir Khan, OMCs have imposed allocations on all petrol pumps, resulting in reduced fuel supplies. He said the situation could lead to shortages if the issue is not addressed. Pakistan Petroleum Dealers Association Vice Chairman Tariq Hassan also warned that the reduced supply to petrol pumps could…

Read More

Govt Approves Rs10bn Grant for Thar Coal Rail Connectivity Project

Admin
coal-railway

ISLAMABAD: The federal government has approved a Technical Supplementary Grant (TSG) of Rs10 billion as budgetary cover for the Thar Coal Rail Connectivity Project, a key initiative aimed at transporting indigenous Thar coal to power plants and major industrial consumers across Pakistan. The project is being implemented by the Ministry of Railways (MoR) in collaboration with the Government of Sindh under a Memorandum of Understanding (MoU) and a Joint Venture (JV) Agreement. It was previously approved by the Executive Committee of the National Economic Council (ECNEC) under the Public Sector…

Read More

Saindak Copper-Gold Project Warns of Possible Shutdown Amid Security Concerns in Balochistan

Admin
New-Project235

ISLAMABAD: Pakistan’s largest Chinese-operated copper and gold mining project has warned that worsening security conditions in Balochistan could force it to suspend operations within a month if disruptions to the transportation of essential supplies continue. According to a Financial Times report, Saindak Metals Limited (SML) has informed the Ministry of Energy that the deteriorating law and order situation in the province has severely affected the movement of critical project cargo. In a letter to the ministry, the company’s managing director warned that continued logistical disruptions could make uninterrupted operations at…

Read More