Author: Admin

Iran’s FM to visit Pakistan on Jan 29 following restoration of diplomatic ties

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Pakistan-Iran

ISLAMABAD – Iran’s foreign minister Hossein Amir Abdollahian will arrive in Pakistan on January 29 as Islamabad and Tehran decided to restore diplomatic ties, the Foreign Office (FO) said on Monday. The development comes amid the de-escalation of ties between the neighboring countries following an Iranian air raid in Balochistan, after which Islamabad hits back at Iran’s Sistan-Baluchestan province. In a statement, the Foreign Office said a telephone conversation between two foreign ministers of Pakistan and Iran was held and it has been mutually agreed that ambassadors may return to…

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PPL-funded Women Vocational Training Centre in Punjab commences operations

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funded-Women

Karachi: January 22, 2024: The Pakistan Petroleum Limited-financed Women Vocational Training Centre (WVTC) in District Okara, Punjab has commenced operations. An amount of Rs. 50 million has been allotted by PPL for the project over a five-year period with the first tranche of Rs. 10 million already handed over to Behbud Association of Pakistan (BAP), the implementing partner. The project will impart vocational training to around 3,000 women, enabling them to earn livelihood through sale of their products. PPL, as one of the largest national corporate donors, remains steadfast in pursuing socio-economic empowerment opportunities for underprivileged women…

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NEECA launches Green Hydrogen pre-feasibility study

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666-777

OGRA to fully back launching of Green Hydrogen as new reliable alternative energy option in Pakistan The Oil & Gas Regulatory Authority (OGRA) has held out the firm assurance that it will fully support the introduction of green hydrogen to Pakistan’s energy supply chain to cut harmful hydrocarbon emissions and reduce fuel import bill for the improvement of the environment and economy.This was stated by OGRA Chairman, Masroor Khan while speaking as the chief guest at the recently held ceremony for launching the pre-feasibility study on the introduction of Green…

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Govt to persuade KSA, Sinopec to materialise $10bn green refinery project

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refinery

ISLAMABAD: For the first time, Pakistan has initiated diplomatic endeavours to effectively persuade the Kingdom of Saudi Arabia (KSA) and Sinopec — one of the biggest Chinese companies known for installing refineries — to help materialise the dream of setting up $10 billion state-of-the-art and deep conversion refinery with the capacity to refine crude oil of 300,000 barrels per day (BPD). “Pakistan’s ambassador in Saudi Arabia has been asked to approach the authorities in KSA to facilitate in taking the project forward. The Foreign Office has also been directed to…

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Power, gas: business leader voices concerns over circular debts

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mian-Zahid

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, Mian Zahid Hussain said that it is astounding that the circular debt of the power and gas sectors has reached almost Rs6 trillion. It also indicates that the strategy of reducing the amount of circular debt by increasing tariffs has yet to be successful, and the IMF may seek clarification about it as the figures differs from what the lender was told. He said that even though electricity and gas prices keep…

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