Category: highlights

Oil prices stable as tariff and Ukraine uncertainty dominates sentiment

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Oil falls

LONDON: Oil prices were little changed on Monday after registering a monthly loss for the first time since November, while investors await the outcome of efforts to end the Russia-Ukraine war and repercussions from U.S. tariffs. Brent crude rose 11 cents, or 0.15%, to $72.92 a barrel by 1105 GMT while U.S. West Texas Intermediate crude was up 3 cents, or 0.04%, at $69.79. Ukrainian president Volodymyr Zelenskiy said on Sunday that he believed he could salvage his relationship with U.S. President Donald Trump. However, he said talks needed to…

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China’s Two Sessions and it’s impact on Pakistan-China relations

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Pakistan-China relations

Pakistan views China’s Two Sessions —the annual gatherings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC)—as a pivotal event for the future of bilateral cooperation. These sessions provide Pakistan with key insights into China’s economic, regional and global priorities, which directly have the positive impact on the trajectory of the China-Pakistan relationship, especially within the context of the China-Pakistan Economic Corridor (CPEC). Each Two Sessions meeting concentrates on three main strategic priorities that China aims to achieve: economic growth, social harmony and international strategic…

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India must double renewable capacity additions to meet 2030 clean-energy targets, report says

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double renewable capacity additions

India must double renewable capacity additions to meet 2030 clean energy targets report say February 27, 2025 India must double its annual solar and wind capacity additions over the next five years to meet its 2030 clean-energy targets, despite record additions in 2024, Global Energy Monitor (GEM) said in a report on Wednesday. India added nearly 28 gigawatts (GW) of solar and wind capacity in 2024, with solar power additions accounting for 70% of total additions, according to the country’s renewable energy ministry. The country has set a target to…

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Pakistani, Chinese firms sign strategic pact for EVMs in Pakistan

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Electric-Car

Shanghai Launch Automotive Technology Co., Ltd. (LAUNCH) and Yousuf Dewan Companies (YDC) who are pioneer electric vehicle assembly company in Pakistan, have officially signed a Memorandum of Understanding (MoU) in Beijing.Pakistani cuisine recipes  This agreement marks a significant step in bringing advanced electric vehicle (EV) technology to Pakistan and promoting sustainable mobility solutions in the region.  In the signing ceremony, Khan Muhammad Wazir, Science Councilor, and Idrees Gigi, Director Projects of YDC along with senior officials from LAUNCH marked the official commencement of this exciting partnership.  The two sides thanked…

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KAPCO’s power plant to remain in system till 2027

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Power-Plants

Pakistan’s power producer Kot Addu Power Company Limited (KAPCO) on Tuesday informed that the National Electric Power Regulatory Authority (NEPRA) has approved the inclusion of its power plant in the Power Acquisition Plan (2023-2027) for distribution companies. The IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX). KAPCO stated that progress has been made on the renewal of the company’s Power Purchase Agreement (PPA) following negotiations with the National Task Force on Implementation of Structural Reforms (Power Sector). “Due to system requirements, the NEPRA has already…

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