Category: Highlights

Pakistan and China Sign 32 MoUs to Boost Trade and Investment

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Pak-china

ISLAMABAD: In a significant move to enhance bilateral trade and investment, Pakistan and China have signed 32 memorandums of understanding (MoUs). The agreements were formalized during Prime Minister Shehbaz Sharif’s visit to China, where he led a delegation of 100 businessmen aiming to explore new avenues for economic collaboration. An official announcement from the Commerce Ministry on Wednesday highlighted that Minister for Board of Investment Aleem Khan and Minister of Commerce Jam Kamal engaged with CEOs of major Chinese enterprises. Aleem Khan emphasized that this visit presents an excellent opportunity…

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COP29 Joins Forces with IRENA to Monitor UAE Consensus Energy Goals Set at COP28

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New-COP29

Azerbaijan and IRENA Partner to Track Progress Towards Renewable Energy and Efficiency Targets by 2030 Abu Dhabi, United Arab Emirates / Baku, Azerbaijan, 5 June 2024 – The incoming COP29 Presidency, represented by Azerbaijan, has announced a strategic partnership with the International Renewable Energy Agency (IRENA) to monitor the progress towards tripling renewable energy capacity and doubling energy efficiency by 2030. These ambitious goals were established in the ‘UAE Consensus’ during COP28. This collaboration was formalized by Azerbaijan’s Minister for Energy, Parviz Shahbazov, and IRENA’s Director-General, Francesco La Camera, during…

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Pakistan Among Most Vulnerable to Climate Change: President Zardari

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Asif-Zardari

ISLAMABAD: President Asif Ali Zardari emphasized that Pakistan is one of the countries most severely impacted by climate change. In his message on World Environment Day, Zardari highlighted the country’s exposure to various climate phenomena such as floods, droughts, heatwaves, and forest fires. “Today, we commemorate World Environment Day to raise awareness about land degradation, desertification, and droughts,” said Zardari. He noted Pakistan’s commitment to addressing environmental challenges through initiatives like the Green Pakistan Programme, which has achieved significant progress in afforestation and ecosystem restoration. Zardari also mentioned the National…

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Sindh Investment Dept, Swiss Business Council agree to promote trade, facilitate Swiss investment in Sindh

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KARACHI: Sindh Investment Department (SID) and Swiss Business Council (SBC) have signed an MoU to promote trade and investment in the province. SID, Government of Sindh’s primary investment has been active in facilitating investments and this partnership with Swiss Business Council aims to create the requisite nexuses crucial to further tap the trade and investment opportunities in Pakistan and Switzerland whilst encouraging links and cooperation in economic, cultural, and educational fields.Talking on the occasion, Georg Steiner, Ambassador of Switzerland to Pakistan, emphasized the importance of a collaborative approach in fostering…

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OGDCL Announces Production Commencement from Chanda-7 Well in Kohat & Production Revival from Kunnar-8 Well in Hyderabad

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OGDCL-Project

ISLAMABAD, June 03, 2024: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest Exploration and Production company, has announced the commencement of production from the Chanda-7 well in Kohat, Khyber Pakhtunkhwa, and successful revitalization of the Kunnar-8 well located in Hyderabad, Sindh to enhance oil and gas production.Chanda-7, a new development well, has been successfully tested, completed, and brought into production utilizing OGDCL’s in-house expertise. The well is currently producing 305 barrels per day (BPD) of oil and 2.5 million standard cubic feet per day (MMSCFD) of gas. Furthermore, 3.0…

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