Category: Highlights

German Chamber of Commerce to Establish Presence in Pakistan Irfan Iqbal Sheikh

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irfan-ali-sheikh

Karachi Irfan Iqbal Sheikh, President FPCCI, has informed that, in a landmark development, H. E. Mr. Rudiger Lotz, Consul General of Germany in Karachi, has apprised the apex body that German Chamber of Commerce & Industry (DIHK) is expected to establish its office in Pakistan – and, that reflects the importance Germany attaches to the trade, industrial and economic relations with Pakistan. It is pertinent to note that H. E. Mr. Rudiger Lotz paid a high-profile and detailed visit to FPCCI Head Office to offer German support to Pakistan in…

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Pakistan Mineral Summit: PM Calls for Putting Country On Path Of Development

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Shahbaz-Sharif

Prime Minister Muhammad Shehbaz Sharif has stressed the need for making untiring efforts and hard work to realize the dream of our forefathers to put the country on path of development and prosperity. Addressing the inaugural session of “Pakistan Minerals Summit” in Islamabad today, he said today is the day to learn lesson from the past and move forward in unison. He said the story of Pakistan journey of seven five years is heart wrenching, but if we convert the speeches and presentations made in the summit into action in…

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Govt hikes petrol, diesel prices by Rs19

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Ishaq-Dar

Finance Minister Ishaq Dar on Tuesday announced a massive hike of Rs19 in petrol and diesel prices, taking them to Rs272.95 and 273.40 per litre, respectively. In televised remarks, the finance minister said that the price of high speed diesel (HSD) and petrol in the international market had increased over the last 15 days. He said that the government had checked the “working” of Oil and Gas Regulatory Authority (Ogra) until the late hours of the night. “The delay in the announcement, the basic reason was that we were looking…

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Russian oil imports face port, refinery, currency constraints

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Russian-oil

KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say. The cash-strapped South Asian nation became Russia’s latest customer snapping up discounted crude that has been banned from European markets due to Russia’s war on Ukraine. Its first cargo arrived in June and a second is now under negotiation. It is targeting 100,000 bpd of imports from Russia, compared with…

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CPEC moves into second phase with ‘simple’ celebration

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Pak-China-1

ISLAMABAD: China and Pakistan decided to accelerate the second phase of the China-Pakistan Economic Corridor, hailing the progress on development initiatives in the decade since the project’s launch in 2013. In a special ceremony held to commemorate 10 years of CPEC on Monday, six new documents were signed for joint cooperation. The celebrations, however, were kept simple out of respect for the victims of the Bajaur terrorist attack. Earlier in the day, Chinese Vice Premier He Lifeng, who is on an official visit to attend the celebrations as a special representative…

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