Day: November 13, 2026

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb has described Pakistan’s minerals and mining sector as a potential game-changer for the national economy, saying it could emerge as one of the country’s leading drivers of sustainable, export-led economic growth and foreign investment. Addressing the two-day Pakistan Minerals Investment Forum (PMIF) 2026 in Islamabad on Thursday, Aurangzeb said the government was pursuing deep structural reforms to move the economy away from repeated cycles of short-lived, consumption-driven expansion followed by balance of payments crises. He identified privatisation, public finance management, pension and tariff reforms,…

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ANTALYA: Around 67 per cent of Pakistanis believe it is already too late to contain climate change, significantly higher than the global average of 42 per cent, highlighting growing public pessimism about the world’s ability to address the climate crisis. The findings of the WIN Worldviews Survey 2026 come as Pakistan urges the international community to increase climate financing and support vulnerable countries in strengthening their resilience against climate-related disasters. Addressing the COP31 summit in Antalya, Türkiye, on Thursday, Prime Minister Shehbaz Sharif called for grant-based climate finance and a…

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HARIPUR: Civil works to plug the crater caused by the collapse of a weak rock mass at the intake pit of the Tarbela 5th Extension Hydropower Project (T-5) are progressing around the clock, as engineers, contractors and project workers work to restore normal operations. According to official sources at the project site, teams are making efforts to complete the emergency repair work and resume routine construction activities as soon as possible, with the civil works and dewatering operations expected to take approximately one week. The incident occurred on Monday morning…

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KARACHI: Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) have reaffirmed their 50-year energy partnership, agreeing to continue petroleum product supplies from Kuwait to Pakistan and expand cooperation across various segments of the energy value chain. Under the understanding, both organizations will continue existing arrangements for the supply of gas oil (diesel) and jet fuel to Pakistan, while also working to improve commercial terms and conditions in line with prevailing market conditions. The agreement was reached during a visit by a PSO delegation to Kuwait, led by Chief Executive…

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ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a series of bilateral meetings with leading international mining companies and investors on the sidelines of the Pakistan Minerals Investment Forum (PMIF), reaffirming Pakistan’s commitment to attracting foreign investment and strengthening international partnerships in the minerals sector. The minister held separate meetings with Mr. John Thornton, Chairman of Barrick Mining Corporation, accompanied by the company’s senior leadership; Mr. Andrew Neilson, Chief Executive of Scottish mining and engineering company Weir; Mr. Ibrahim El Gazzar, Head of Metals and Minerals (MENA) at Singapore-based…

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