Category: Highlights

Pakistan, China commit to broaden CPEC horizons

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PAK-CHINA

• Crucial agreement signed to cut cost of cross-country Main Line-1 rail link• Pakistan Refinery inks $1.5bn deal to boost petrol, diesel production• PM Kakar looks to Beijing for help to diversify export basket, expand industrial base ISLAMABAD: Pakistan and China on Wednesday agreed to expand the scope of the multibillion-dollar CPEC infrastructure project, which will now diversify to areas like industrial development, ICT, livelihood projects, mining and mineral exploration, and agriculture. Presently, the corridor is confined to road and rail connectivity and economic zones. Both countries also signed an…

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Pakistan seeks investment in solar parks to cut energy bill

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Pak-China

ISLAMABAD: In order to meet energy requirement of the country, Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday invited China to invest in solar parks to help reduce Pakistan’s energy import bill and support the country’s fight against climate change. “Investments in solar parks would benefit two-fold. On one hand, they will support Pakistan’s endeavours for climate action and also help reduce energy import bill,” the PM said while addressing 3rd Belt and Road Forum (BRF) for International Cooperation conference in China. According to the Prime Minister’s Office (PMO), on…

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PM to attend UN climate moot in UAE

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Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar, who is currently visiting China to attend an international forum, will be visiting the United Arab Emirates (UAE) next month. He will attend the United Nations climate change conference being held at the Dubai Expo Centre. Diplomatic sources told The News on Monday that Pakistan had conveyed UAE authorities its consent to take part in the event. The schedule of the visit is being worked out through diplomatic channels. Prime Minister Kakar, who has visited the United States, the United Kingdom, Saudi Arabia and…

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Saudi Aramco, PSO, TAPI gas pipeline: Oil, gas issues now come under sharper SIFC focus

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PSO-TAPI

ISLAMABAD: The Apex Committee (AC) of Special Investment Facilitation Council (SIFC) has directed Ministry of Foreign Affairs (MoFA) and Petroleum Division to expedite resolution of issues of Saudi Aramco and Pakistan State Oil (PSO) and TAPI gas pipeline, well informed sources told Business Recorder. Minister for Energy Muhammad Ali has already dashed to China direct from Russia, as advance team of caretaker Prime Minister’s visit who has also landed in Beijing . Energy Minister is expected to interact with Bank of China/ Sinopec for establishment of either an oil refinery or…

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‘SIFC initiatives must trickle down to each province’

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SIFC-initiatives

QUETTA: Initiatives taken by the Special Investment Facilitation Cou­n­­­cil (SIFC) at federal level should have a trickle-down effect in each pro­­vin­ce, Caretaker Prime Minister Anwaarul Haq Kakar said on Tuesday. He was speaking in Quetta at Balochistan’s apex committee meeting, also attended by Army Chief Gen Asim Munir, Federal Interior Minister Sarfraz Ahmed Bugti, Balochistan Chief Minister Ali Mardan Khan Domki, his cabinet members and other senior officials. During the meeting, officials briefed the participants on the revised National Action Plan (NAP), law enforcement operations, anti-smuggling and anti-narcotics operations in…

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