Author: Admin

OICCI and PBC Host Saudi Delegation to Explore New Investment Opportunities in Pakistan

Admin
New-Project56

KARACHI: A high-level investors’ delegation from the Kingdom of Saudi Arabia, led by His Highness Prince Mansour bin Mohammad Al Saud, held an interactive session with senior representatives of major multinational and leading local companies at the Overseas Investors Chamber of Commerce and Industry (OICCI). The event was jointly hosted by the OICCI and the Pakistan Business Council (PBC) to strengthen economic cooperation and explore new avenues for trade and investment between the two countries. Addressing the gathering virtually, Finance Minister Muhammad Aurangzeb welcomed the Saudi delegation and noted that…

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Saudi Oil Exports to China Set to Drop to 40 Million Barrels in November

Admin
Oil-Price

SINGAPORE: Saudi Arabia’s crude oil exports to China are expected to decline to around 40 million barrels in November, as Chinese refiners shift toward cheaper spot supplies from other Middle Eastern producers, according to industry sources familiar with the matter. The expected volume marks a sharp drop from approximately 51 million barrels exported in October, reflecting changing market dynamics between the world’s largest oil exporter and biggest importer. Earlier this week, Saudi Aramco kept the official selling price (OSP) for its flagship Arab Light crude to Asia unchanged for November,…

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Kuwait-Pakistan Business Expo 2025 to Promote Bilateral Trade and Investment

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Kuwait-Pak

LAHORE: The Kuwait-Pakistan Business Expo 2025 will be held in Kuwait from December 11 to 13, 2025, aimed at showcasing Pakistani products and strengthening economic, trade, and investment ties between the two brotherly nations. The announcement was made by Muhammad Saleem, head of a four-member Kuwaiti delegation, during a meeting at the Lahore Chamber of Commerce & Industry (LCCI). The meeting was presided over by LCCI President Faheem-ur-Rehman Saigol, with Senior Vice President Tanveer Ahmad Sheikh, Vice President Khurram Lodhi, delegation members Mohammad Siraj, Nadeem Virk, Sylvester Sam, and former…

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Abu Dhabi Awards Contract for 1.5GW Khazna Mega Solar Project

Admin
New-Solar

DUBAI: Abu Dhabi, the capital of the United Arab Emirates and one of the world’s leading oil producers, has awarded a contract for the 1.5-gigawatt (GW) Khazna Solar Photovoltaic (PV) Plant to French energy giant Engie in partnership with Emirati renewable energy leader Masdar. According to the Emirates Water and Electricity Company (EWEC), the Khazna Solar PV project will comprise nearly three million solar panels and is expected to offset more than 2.4 million tonnes of carbon emissions annually. Once operational, it will generate enough clean energy to power approximately…

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KE Warns Power Division’s Tariff Plan Could Trigger Rs100bn Annual Loss

Admin
K-Electric

ISLAMABAD: K-Electric (KE), Pakistan’s only privatised power utility, has cautioned that the tariff revisions proposed by the Power Division could inflict an annual loss of over Rs100 billion, threatening both the company’s financial stability and Karachi’s energy security. In a strongly worded letter addressed to the Secretary Power Division — with copies sent to the Finance Minister and senior NEPRA officials — KE Chairman Mark Gerard Skelton and Chief Financial Officer Aamir Ghaziani warned that the proposed adjustments would severely distort the company’s revenue model. The letter, dated October 7,…

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