Author: Admin

KUWAIT: Federal Minister for Petroleum Ali Pervaiz Malik on Monday met with Kuwait’s Minister of Oil, Tariq Sulaiman Al-Roumi, to discuss matters of mutual interest and strengthen bilateral cooperation in the petroleum sector. According to an official statement, the meeting was attended by Sheikh Nawaf Al-Sabah, Chief Executive Officer of Kuwait Petroleum Corporation (KPC), the CEO of Kuwait Foreign Petroleum Exploration Company (KUFPEC), along with senior management from both organisations. The Pakistani delegation included Managing Director of Oil & Gas Development Company Limited (OGDCL) Ahmed Hayat Lak and the General…

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KARACHI: Pakistan International Bulk Terminal Ltd (PIBT) on Monday signed an agreement with Reko Diq Mining Company (RDMC) to handle and export copper-gold concentrates from the Reko Diq project, marking a major milestone in Pakistan’s minerals and logistics sector. The agreement follows PIBT’s execution of a Supplemental Implementation Agreement with the Port Qasim Authority (PQA), which authorises the terminal to handle, store and export copper-gold commodities, including minerals, metals and other natural earth resources, according to a press release. Under the arrangement, PIBT will act as the primary logistics and…

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ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed concerned authorities to accelerate wide-ranging power sector reforms, with a special focus on the privatisation of power distribution companies (Discos) and generation companies (Gencos), terming it a key step towards resolving Pakistan’s energy challenges. Chairing a high-level meeting, the prime minister underscored that privatisation and the creation of a competitive electricity market offered a sustainable, long-term solution to inefficiencies in the power sector. He was informed that expressions of interest (EoIs) for the privatisation of Islamabad Electric Supply Company (IESCO), Faisalabad Electric…

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