Category: Highlights

Pakistan, China sign MoUs to enhance cooperation in clean energy, construction

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china pakistan

Pakistan and China signed multiple memorandums of understanding (MoUs) Thursday to enhance cooperation in different fields, including renewable energy, fertiliser and construction. An MoU was signed between Pakistan’s Thatta Cement Company and China’s Qing Gong Construction Group, under which a production line will be set up in Pakistan to increase cement production by 5,000 tonnes per day. Another MoU was signed between Sindh’s Energy Department and China’s Ming Yang Renewable Energy Company. Under the agreement, cooperation will be extended on various renewable energy projects in Pakistan. Murad-led team meets top…

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Oil firms slightly as Trump policies continue to drag on prices

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Oil prices

LONDON: Oil prices edged up on Thursday after Saudi Arabia’s state oil company raised its March crude prices sharply, but the gains barely dented the previous day’s slide in benchmark Brent crude. Brent crude futures rose 28 cents, or 0.4%, to $74.89 a barrel by 1251 GMT. U.S. West Texas Intermediate crude was up 29 cents, also 0.4%, at $71.32. Oil prices had plunged by more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand while investors also weighed up the implications…

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Zardari, Xi Pledge to Expand CPEC and Strengthen Strategic Ties

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Zardari-china

Islamabad/Beijing: President Asif Ali Zardari met Chinese President Xi Jinping in Beijing on Wednesday, reaffirming the long-standing strategic partnership between Pakistan and China and charting the course for the expansion of CPEC under its second phase. Held at the Great Hall of the People, the meeting focused on enhancing bilateral cooperation, regional connectivity, and shared prosperity through CPEC. Both leaders emphasized the importance of high-level exchanges, people-to-people linkages, and cultural collaborations to further strengthen the China-Pakistan Community of Shared Future in the New Era. President Zardari reiterated Pakistan’s unwavering commitment…

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Sindh, China Strengthen Economic Ties with Focus on Infrastructure, Energy, and KCR

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China

Beijing Feb 5 Sindh, China Strengthen Economic Ties with Focus on Infrastructure, Energy, and KCR In a significant step towards economic cooperation, a high-level delegation from the Sindh government, led by Chief Minister Syed Murad Ali Shah, met with top executives of Chinese companies in Beijing on February 5. The meetings focused on major infrastructure and energy projects, paving the way for enhanced bilateral partnerships. The delegation included Senior Minister Sharjeel Inam Memon, Provincial Minister Syed Nasir Hussain Shah, Senator Saleem Mandviwalla, and Pakistan’s Ambassador to China, Khalil Hashmi. Key…

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Pakistan Secures $1.2 Billion Saudi Oil Facility as Inflation Hits Nine-Year Low at 2.4%

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Saudi-Oil

Islamabad: In a significant development aimed at stabilizing Pakistan’s economy and ensuring a steady supply of petroleum products, the Kingdom of Saudi Arabia (KSA) has signed a Memorandum of Understanding (MoU) with Pakistan for a $1.2 billion Saudi Oil Facility (SOF) for one year. Under the agreement, Saudi Arabia will provide Pakistan with deferred oil payments at a 6% markup, with the facility expected to become operational in March 2025. This arrangement will help Islamabad meet its external financing obligations under the International Monetary Fund’s (IMF) $7 billion Extended Fund…

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