Category: Highlights

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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Ghani Chemical secures gas supply deal with Mari Energies & OGDCL

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Oil prices

Oil prices rose on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what could be an economically damaging trade war. Brent crude futures rose $1.28, or 1.7%, to $76.95 a barrel by 1232 GMT after touching a high of $77.34. U.S. West Texas Intermediate crude futures were up $1.89, or 2.6%, at $74.42 after touching their highest since Jan. 24 at $75.18. Trump’s sweeping tariffs on goods from Mexico, Canada and China kicked…

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Ghani Chemical secures gas supply deal with Mari Energies & OGDCL

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OGDCL

Ghani Chemical Industries Limited (GCIL), a manufacturer of medical and industrial gases and chemicals, has entered into a Gas Sales & Purchase Agreement (GSPA) with Pakistani E&Ps i.e. Mari Energies Limited and Oil and Gas Development Company Limited (OGDCL), for the supply of natural gas. The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “Ghani Chemical Industries Limited (GCIL), Mari Energies Limited (formerly Mari Petroleum Company Limited) and OGDC have entered into a GSPA for supply of 3 mmscfd natural gas during…

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