Category: Highlights

Pakistan and Uzbekistan on Wednes­day agreed to finalise bilateral Preferential Trade Agree­ment (PTA) within three months to further boost bilateral trade volume. At the 6th meeting of the Uzbek-Pakistani Intergo­v­ernmental Commission on Trade-Economic and Scientific-Technical Cooperation (IGC) held in Tashkent, both sides agreed to form joint working groups on agriculture, information technology, education and mineral sectors to boost cooperation, said a news release issued here. The meeting was co-chaired by Deputy Prime Minister and Minister of Investments and Foreign Trade Sardor Umurzakov and Commerce Adviser Abdul Razak Dawood. Mr Umarzakov…

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German Ambassador to Pakistan Bernhard Schlangheck called on Federal Minister for Energy Muhammad Hammad Azhar on Wednesday. The federal minister while appreciating the recent signing of Implementation Agreement (IA) for GIZ Pakistan’s Renewable Energy and Energy Efficiency II (REEE II) 8.1 million euros project, said that the cooperation between Pakistan and Germany in the energy sector has witnessed considerable growth. He informed that a major milestone in the energy transition in Pakistan is the new Renewable Energy (RE) Policy approved by Council of Common Interest (CCI) which aimed for a…

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Global trade in LNG in 2020 remained essentially unchanged from 2019, averaging 46.9 billion ft3/d compared with 46.7 billion ft/d in 2019, according to the recently released The LNG Industry: GIIGNL Annual Report 2021 by the International Group of Liquefied Natural Gas Importers (GIIGNL). This 0.4% annual increase in LNG trade occurred despite the COVID-19 pandemic that reduced global natural gas demand. Between 2015 and 2019, global LNG trade expanded by 45%, posting record growth in both 2018 and 2019. This expansion primarily resulted from liquefaction capacity additions in Australia,…

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Saudi Arabia’s Ambassador to Pakistan Nawaf Bin Said Al-Malki inaugurated on Tuesday a solar project to provide energy to 1,240 schools, benefiting more than 135,000 students annually. The project, which is funded by Saudi Arabia through the Saudi Fund for Development, is part of the Kingdom’s efforts to support development projects in the education sector. It is the first project the Saudi Fund for Development has carried out in cooperation with the British Ministry of Foreign Affairs and Development (FCDO). Managed and supervised by the United Nations Office for Project Services (UNOPS),…

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Both the countries have already signed a memorandum of understanding (MoU) on industrial cooperation and now in the upcoming meeting of the JCC, it is likely to be taken to the next level, the China Economic Net (CEN) reported on Monday. The JCC is the highest decision-making body of CPEC, which is co-chaired by Pakistan’s minister for planning and China’s National Development and Reforms Commission (NDRC) chairman.   To implement CPEC, China and Pakistan have set up a ministerial-level JCC on CPEC Long Term Planning. Initially, there were 7 joint working…

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