Author: Admin

Pakistan’s First-Ever ‘Made in Pakistan’ Expo Opens in Jeddah

Admin
Pak-Exhibition

ISLAMABAD: Commerce Minister Jam Kamal Khan on Thursday inaugurated the first-ever ‘Made in Pakistan’ exhibition in Jeddah, marking a milestone in Pakistan-Saudi trade relations. Addressing an audience of Saudi officials, business leaders, and diplomats, the minister emphasized the importance of strengthening economic ties and showcasing Pakistan’s diverse industrial capabilities. According to the Ministry of Commerce, the exhibition features Pakistan’s top-quality products and services, including textiles, sports goods, light engineering, food, and construction materials. Minister Khan expressed gratitude to Saudi Arabia for its support in organizing the event, calling it a…

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Petroleum Minister Advocates Mixed Pricing to Prevent Sectoral Bankruptcy

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musadik-malik

ISLAMABAD: Petroleum Minister Dr. Musadik Malik has warned of potential “isolated bankruptcies” in the petroleum sector unless a weighted average price mechanism is introduced for imported, piped, and wellhead gas. He emphasized that rationalizing electricity rates would encourage a transition in transport, cooking, and heating sectors. Speaking before the National Assembly’s Standing Committee on Petroleum, Dr. Malik criticized the PTI government for contracting additional liquefied natural gas (LNG) cargoes despite declining demand and enforcing a shift of industrial captive power plants (CPPs) to the national grid, a commitment the current…

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$300 million deals in energy, coal, and cement inked between China, Pakistan

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BEIJING: President Asif Ali Zardari on Thursday witnessed the signing of Memorandums of Understanding (MoUs) worth more than $300 million in the energy, coal, and cement sectors in Beijing. The agreements, signed between Pakistani stakeholders and Chinese investors, aim to enhance the country’s industrial growth and energy sustainability. The Energy Department of the Government of Sindh and Ming Yang Renewable Energy (International) Company Ltd. signed an MoU to advance renewable energy projects in the province. Pakistan’s Ambassador to China, Khalil Hashmi, signed on behalf of the Ministry of Energy, while…

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Pakistan, China sign MoUs to enhance cooperation in clean energy, construction

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china pakistan

Pakistan and China signed multiple memorandums of understanding (MoUs) Thursday to enhance cooperation in different fields, including renewable energy, fertiliser and construction. An MoU was signed between Pakistan’s Thatta Cement Company and China’s Qing Gong Construction Group, under which a production line will be set up in Pakistan to increase cement production by 5,000 tonnes per day. Another MoU was signed between Sindh’s Energy Department and China’s Ming Yang Renewable Energy Company. Under the agreement, cooperation will be extended on various renewable energy projects in Pakistan. Murad-led team meets top…

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Oil firms slightly as Trump policies continue to drag on prices

Admin
Oil prices

LONDON: Oil prices edged up on Thursday after Saudi Arabia’s state oil company raised its March crude prices sharply, but the gains barely dented the previous day’s slide in benchmark Brent crude. Brent crude futures rose 28 cents, or 0.4%, to $74.89 a barrel by 1251 GMT. U.S. West Texas Intermediate crude was up 29 cents, also 0.4%, at $71.32. Oil prices had plunged by more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand while investors also weighed up the implications…

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