Category: Highlights

PM Shehbaz Sharif to Attend World Governments Summit in UAE

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Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif will undertake a two-day official visit to the United Arab Emirates (UAE) from February 10-11 to participate in the World Governments Summit (WGS) in Dubai. Invited by UAE Vice President, Prime Minister, and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, the premier will join global leaders, policymakers, and business figures to discuss governance, innovation, and international cooperation. This marks PM Shehbaz Sharif’s second visit to the UAE since assuming office in March 2024. Accompanied by a high-level delegation, including Deputy Prime Minister and…

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Ahsan Iqbal Proposes Global Environment Tax on Polluting Nations

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ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has urged the United Nations (UN) to impose a ‘global environment tax’ on countries responsible for excessive pollution. Speaking at the Breathe Pakistan International Conference on Friday, Iqbal suggested that funds generated from this tax should support nations disproportionately affected by climate change, particularly those in the Global South. He emphasized Pakistan’s commitment to environmental sustainability, citing the Uraan Pakistan initiative as a key step toward climate resilience. Punjab’s Senior Minister Marriyum Aurangzeb, addressing the conference via video link, stressed the…

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Global LNG: Asian spot LNG prices at two-month high tracking EU gas rally

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LNG

LONDON: Asian spot liquefied natural gas (LNG) prices hit a two-month high this week, tracking a rally in European gas prices, despite subdued Asian demand due to healthy inventories. The average LNG price for March delivery into north-east Asia was at $14.90 per million British thermal units (mmBtu), the highest since early December and up from $13.80/mmBtu last week, industry sources estimated. “Bullish prices are expected to continue in the week ahead supported by colder weather and supply disruptions at the 16.3 mtpa (million tonnes per annum) North West Shelf…

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Chinese turbine maker strikes Pakistan wind power pact

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wind power

Mingyang will supply one hybrid wind, solar and energy storage facility and another wind farm under terms of deal Mingyang has struck a deal to supply two wind power projects in Pakistan during a visit of the country’s president to China. Pakistan’s President Asif Ali Zardari witnessed the signing of a strategic cooperation agreement between Mingyang and the energy department of the southern province of Sindh, the OEM announced today.

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$300 million deals in energy, coal, and cement inked between China, Pakistan

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BEIJING: President Asif Ali Zardari on Thursday witnessed the signing of Memorandums of Understanding (MoUs) worth more than $300 million in the energy, coal, and cement sectors in Beijing. The agreements, signed between Pakistani stakeholders and Chinese investors, aim to enhance the country’s industrial growth and energy sustainability. The Energy Department of the Government of Sindh and Ming Yang Renewable Energy (International) Company Ltd. signed an MoU to advance renewable energy projects in the province. Pakistan’s Ambassador to China, Khalil Hashmi, signed on behalf of the Ministry of Energy, while…

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