Category: Highlights

ECC okays $3b loan guarantee for N-plant

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dollars

Pakistan on Tuesday approved issuing $3 billion worth sovereign guarantees against a Chinese loan for a nuclear power plant and also stamped an operator-favoured State Support Agreement for the outsourcing of the Islamabad International Airport. The Economic Coordination Committee (ECC) of the outgoing cabinet took these decisions but left a decision for the import of at least one million metric tons of wheat for the caretaker government. Finance Minister Ishaq Dar, who may have some role in the interim setup, chaired the ECC meeting. After the meeting, the Ministry of…

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Barrick open to Saudi stake in Reko Diq

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barrick

TORONTO: Barrick Gold Corp is open to bringing in Saudi Arabia’s wealth fund as one of its partners in Pakistan’s Reko Diq gold and copper mine, Barrick CEO Mark Bristow told Reuters in an interview on Tuesday. He also dismissed a June media report that Barrick was in talks with fellow Canadian miner First Quantum Minerals on a possible acquisition as a “rumour”. Barrick Gold owns a 50 per cent stake in Pakistan’s Reko Diq mine, with the remaining 50pc owned by the governments of Pakistan and the province of Balochistan. Barrick…

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Sindh Governor, Local Govt Minister to jointly confer awards to 86 organizations for excellence in safeguarding environment

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AEEA-NFEH

The outstanding performance of 86 local and multinational companies and industries in the arena of environmental protection will be recognized at the 20th Annual Environment Excellence Awards-2023 here at a hotel on August 9 (Wednesday). The National Forum for Environment and Health (NFEH) is organizing the event.Sindh Governor, Kamran Khan Tessori, and Sindh Local Government Minister, Syed Nasir Hussain Shah, as the chief guests on the occasion, will jointly give the awards to the successful companies in recognition of their hard work to reverse the phenomenon of environmental degradation. Out…

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‘CPEC is a transformative force for region’

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China-Pakistan

Gwadar Port and the completed Phase one of the Gwadar Free Trade Zone, stand as testaments to CPEC’s achievements BEIJING: The Pakistan Ambassador to China, Moinul Haque, extolled the China-Pakistan Economic Corridor (CPEC) as a transformative force for Islamabad and the entire region, fostering peace, prosperity, and growth. Haque highlighted CPEC’s alignment with Pakistan’s development agenda, lauding it as an inclusive and coordinated paradigm benefitting all segments of society. Commemorating CPEC’s decade-long journey, Pakistan hosted an event in Islamabad, drawing a congratulatory message from President Xi Jinping. The Gwadar Port…

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Chinese PV modules take freight train to help making a greener Central-Asia

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LONGi-Green

XI’AN, Aug. 3 (China Economic Net)- On August 3, the China-Europe (Xi’an-Tashkent) LONGi -ENERGY CHINA 1GW photovoltaic freight train departed from Xi’an. Loading with LONGi’s 20MW PV modules, the Chang’an train will head to Uzbekistan to help the green energy transition in Central Asia. “The shipment of modules to Uzbekistan, as the first overseas PV power generation project after the China-Central Asia Summit, actively responding to the Belt and Road Initiative. In the future, LONGi will strive to participate in the construction of new energy in Central Asia,” noted Mr.…

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