Category: Highlights

Pakistan to Import 12,000 MW of Solar Panels as Part of Renewable Energy Push

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ISLAMABAD: Pakistan is set to import 12,000 megawatts of solar panels this year as part of its efforts to increase reliance on renewable energy, the Senate Standing Committee on Climate Change revealed during a meeting chaired by Senator Sherry Rehman. The committee discussed the Pakistan Trade Control of Wild Fauna and Flora (Amended) Bill 2024, with PPP Senator Shahadat Awan advocating for wildlife concerns to be addressed in relation to human life. The Ministry of Climate Change also outlined plans to have 30% of vehicles in Pakistan powered by electricity…

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Karachi’s Business Leaders Demand Immediate Action on Deteriorating Infrastructure

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Business-Leaders

KARACHI: Economists, architects, traders, and business leaders have urged the Chief Justice of the Sindh High Court (SHC) and the Sindh government to address the city’s crumbling infrastructure, overflowing sewerage, and rampant pollution, which have severely impacted business districts and markets. Speaking to The Express Tribune, they criticized the city’s governing bodies, including the Karachi Metropolitan Corporation (KMC) and other development authorities, for widespread corruption, mismanagement, and inaction. They called for a comprehensive master plan to rebuild the damaged roads, control encroachments, and repair the collapsed sewerage system. Architect Arif…

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Indian Billionaire Ratan Tata Passes Away at 86

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Ratan Tata, the former chairman of the Tata Group, who transformed the Indian conglomerate into a global powerhouse through a series of landmark acquisitions, passed away at the age of 86. The Tata Group announced his death in a statement on Wednesday. Sources had earlier confirmed that Tata had been in intensive care at a Mumbai hospital. After earning a degree in architecture from Cornell University, Tata returned to India in 1962 and joined the group founded by his great-grandfather. He held various positions, notably at Tata Motors and Tata…

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High-level Saudi business delegation arrives in Pakistan on three-day visit

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saudi pakistan deal

PM Shehbaz had earlier stated that he expected agreements worth $2 billion to be signed A high-level delegation of Saudi investors, led by Minister of Investment Khalid bin Abdulaziz Al-Falih, arrived in Pakistan on Wednesday on a three-day visit, amid Islamabad’s expectations that the two countries will sign bilateral agreements worth $2 billion. Federal Ministers Musadik Malik, Jam Kamal Khan, and Abdul Aleem received the delegation at the Noor Khan Airbase. The Foreign Office (FO) announced on Monday that Saudi Arabia’s Investment Minister Khalid bin Abdulaziz Al-Falih would visit Pakistan with…

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PPL/ PPL ASIA and Midland Oil Company (MdOC) reach amicable settlement on   Block-8 in Baghdad, Iraq, on October 6, 2024

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Karachi, October 7, 2024: The settlement between Pakistan Petroleum Limited (PPL) Asia E&P B.V., a subsidiary of PPL, and Midland Oil Company (MdOC) marks the conclusion of their Exploration, Development and Production Service Contract (EDPSC) for Block-8, Iraq, which expired in May 2022. Efforts to resolve the lingering settlement from 2022 involved addressing longstanding disputes and claims between the parties. PPL Asia’s commitment to finding a resolution demonstrates sustained negotiations and legal efforts, culminating in an agreement signed on October 6, 2024, by PPL’s MD/CEO Mr. Imran Abbasy and MdOC’s…

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