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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Pakistan, China sign MoUs to enhance cooperation in clean energy, construction
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…
Read MoreOil firms slightly as Trump policies continue to drag on 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…
Read MoreZardari, Xi Pledge to Expand CPEC and Strengthen Strategic Ties
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…
Read MoreSindh, China Strengthen Economic Ties with Focus on Infrastructure, Energy, and KCR
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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