Day: November 14, 2026

ISLAMABAD: State-owned Pakistan LNG Limited (PLL) has invited bids from reputed international suppliers for the procurement of two liquefied natural gas (LNG) cargoes to meet the country’s gas requirements during the upcoming winter season. According to an international tender floated by the company, the LNG cargoes will be delivered on a Delivered Ex-Ship (DES) basis at Port Qasim, Karachi. The first LNG cargo is scheduled to arrive between December 14 and 16, 2026, while the second shipment is expected during January 9-11, 2027. The latest procurement initiative comes days after…

Read More

ISLAMABAD: Prime Minister Shehbaz Sharif has urged international mining companies to invest in mineral processing, refining and manufacturing facilities in Pakistan, emphasising the need to develop an integrated industrial ecosystem to maximise economic returns from the country’s vast mineral resources. Addressing the Pakistan Minerals Investment Forum 2026 (PMIF26), the prime minister called on international investors to adopt a comprehensive approach to mineral development by extracting, processing and manufacturing resources locally before exporting finished products to global markets. “Mine in Pakistan, process in Pakistan, manufacture in Pakistan and then export to…

Read More

ISLAMABAD: Barrick Mining Corporation has expressed interest in investing in mineral processing industries in Karachi and Gwadar, signalling a potential expansion of its business interests in Pakistan beyond the Reko Diq copper and gold project. The interest was conveyed by a delegation led by Barrick Chairman John Thornton during a meeting with Prime Minister Shehbaz Sharif on Friday, where both sides discussed opportunities to expand investment in Pakistan’s mineral sector and the measures required to attract international mining companies. The proposed investments in Karachi and Gwadar could extend Barrick’s involvement…

Read More

WASHINGTON: The US Federal Aviation Administration (FAA) has lifted a nationwide ground stop following a major communications failure at air traffic control centres that disrupted operations at airports across the country, resulting in thousands of flight cancellations and delays. Transportation Secretary Sean Duffy announced that US airspace reopened at 8:15 p.m. Eastern Time on Friday (0115 GMT Saturday), but cautioned that flight departures would resume gradually and airlines would need time to restore normal operations. “It’s going to be slow,” Duffy told reporters at the White House, warning that the…

Read More

ISLAMABAD: Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir has pledged comprehensive security for Pakistan’s mining sector, assuring local and international investors that the country is taking all possible measures to create a secure and conducive environment for long-term mineral investment. Addressing participants at the Pakistan Minerals Investment Forum 2026 (PMIF26), Field Marshal Asim Munir said Pakistan’s vast mineral resources offered significant opportunities for economic transformation, stressing that safeguarding the entire mining ecosystem was a national priority. He said the security commitment covered every…

Read More