Category: Highlights

Ahsan Zafar Syed Appointed as President and CEO of Engro Corporation

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Ahsan-Zafar

Engro Corporation proudly announces the appointment of Mr. Ahsan Zafar Syed as its 5th President and CEO, marking a new era of leadership for the company. Mr. Syed, who joined Engro in 1991 as a young engineer, brings over three decades of invaluable experience in operations, project management, and strategic leadership across multiple sectors. During his tenure, Mr. Syed has been instrumental in achieving significant milestones for Engro. Noteworthy among his achievements is the successful execution of the $1.1 billion fertilizer expansion project, showcasing his strategic acumen and operational excellence.…

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PRIVATIZATION, THE WAY FORWARD TO ELIMINATE CIRCULAR DEBT: CEO K-ELECTRIC

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circular-debt-K-electric-ceo

During the ‘7th Leaders In Islamabad Summit’, power sector experts and leaders, including the CEO of K-Electric and the Minister of Energy, Awais Leghari, shared their views on the future of the energy sector in Pakistan. Mr. Moonis Alvi, CEO of K-Electric, said, “Pakistan’s power sector is poised for a significant transformation, with privatization being the way forward to eliminate the circular debt.”

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Pakistan Ranks 5th in ADB Loans and Grants, Receives $1.8 Billion Disbursement in 2023

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Asian-bank

Pakistan has emerged as the fifth-largest recipient of loans and grants from the Asian Development Bank (ADB), receiving a total disbursement of $1.8 billion in 2023. When factoring in co-financing, the disbursement figure rises to $2.353 billion for the same period, according to the ADB’s annual report for 2023 released recently. The report highlighted Pakistan’s significant role in receiving ADB support, particularly in addressing food insecurity and climate resilience challenges. The ADB is actively involved in various projects across Pakistan, ranging from agricultural productivity improvements and food security enhancements in…

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Pakistan Appeals for US Waiver on IP Gas Pipeline Amid Energy Needs

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iran-gas-pipeline

Pakistan is making a case for a US waiver regarding the Iran-Pakistan (IP) gas pipeline to address its pressing energy requirements and avoid potential penalties amounting to $18 billion if Iran opts for arbitration through a France-based mechanism. In a letter addressed to President Joseph R. Biden, an energy and water consultant and adviser to the Centre for Research and Security Studies (CRSS), Arshad H. Abbasi, underscored Pakistan’s strategic alignment with the US historically, particularly during significant global events such as the USSR invasion of Afghanistan. However, Abbasi pointed out…

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Pakistan and Iran to Strengthen Economic and Energy Ties, Emphasize Regional Stability

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Pak-Iran

During President Ebrahim Raisi’s visit to Pakistan, both countries emphasized enhancing economic cooperation and addressing regional challenges. The visit resulted in a joint statement outlining key areas of collaboration and mutual understanding. One significant outcome is the commitment to expedite the Free Trade Agreement (FTA) between Pakistan and Iran, highlighting the importance of economic integration and trade facilitation. Additionally, cooperation in the energy sector, including trade in electricity, power transmission lines, and the IP gas pipeline project, was reaffirmed, underscoring the shared interest in energy security and sustainability. Furthermore, both…

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