Author: Admin

BEIJING: China’s revamp of its electricity market, coupled with surging global demand from data centres, is fueling a boom for the country’s energy storage manufacturers, which already dominate the global market. Chinese firms are projected to increase global shipments of lithium-ion battery cells for energy storage by 75% this year, exporting over $65 billion in storage and EV batteries. The surge is driven by domestic renewable energy and data centre demand, supportive government reforms, and international opportunities, including Europe’s aging grids and Middle East renewables. All six of the world’s…

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KARACHI: Fatima Fertilizer Company Limited announced on Monday that Globacore Minerals Limited, in which it holds a 32% equity stake, has entered into a joint venture with Mari Minerals (Private) Limited, a wholly owned subsidiary of Mari Energies Limited. According to a notice submitted to the Pakistan Stock Exchange (PSX), under the agreement Mari Minerals will transfer a 49% working interest in mineral exploration licences EL-322 and EL-323, located in Chagai district, Balochistan, to Globacore. The transfer is subject to all necessary corporate, regulatory, and governmental approvals. Mari Minerals will…

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ISLAMABAD: Pakistan’s largest private-sector refinery, Cnergyico Pakistan Limited, has imported $300 million worth of US crude oil as part of a broader strategy to narrow the bilateral trade gap and support national economic priorities. The company arranged four US-origin cargoes totalling four million barrels. Two cargoes, transported by MT Pegasus and MT Albany, have already been delivered and successfully processed at the refinery. A third cargo of one million barrels of West Texas Intermediate (WTI) crude, aboard MT San Jacinto, is en-route and expected to arrive on January 11, 2026.…

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KARACHI: Reko Diq Mining Company has awarded Finland-based Metso Corporation the remaining major contracts under a frame agreement announced in August 2024 to supply beneficiation and dewatering equipment for its copper-gold project in Pakistan. The newly signed contracts are valued at approximately €70 million, Metso stated on December 22. Of this total, €40 million was recorded in Metso’s Minerals segment order intake for Q3 2025, with the remaining €30 million booked in Q4. The contracts cover a complete beneficiation circuit, including a flotation flowsheet featuring Metso’s TankCell and Concorde Cell…

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The Sindh Assembly on Monday approved the Thar Coal Energy Board (Amendment) Bill, while also unanimously adopting a resolution congratulating the Christian community on the occasion of Christmas. Members from both treasury and opposition benches extended warm greetings to Christians. The congratulatory resolution was moved by Pakistan Peoples Party (PPP) MPA Roma Mushtaq Matto. Special Assistant to the Chief Minister on Minority Affairs Sham Sunder Advani said Christmas symbolises love, peace and religious tolerance. MQM-P MPA Sabir Qaimkhani said Islam is a religion of love and noted that his party…

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