Category: Highlights

There are few things that can put a dampener on the cement industry’s very ceremonious year so far and what does seem as one of the many prosperous years to come. Cement companies should be very happy with themselves. Despite the dark clouds of Covid-19, the sector—bolstered by government policies—has sold more cement than ever before and still has 16 percent more capacity left to consume. After going through an expansion phase that was only recently completed, the industry is revving for another capacity enhancement spree (potentially going up to…

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THE China-Pakistan Economic Corridor (CPEC) has now brightened the chances of regional connectivity especially with Central Asian States. It has become an engine of growth. It has become an essential fuel of energy generation in which hydropower has outperformed other sources of energy.https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-3324216479772415&output=html&h=60&slotname=1758957544&adk=1226786057&adf=2643393648&pi=t.ma~as.1758957544&w=468&lmt=1622656044&psa=1&format=468×60&url=https%3A%2F%2Fpakobserver.net%2Fcpec-corridor-of-knowledge-by-zulkafil-h-khan%2F&flash=0&wgl=1&uach=WyJXaW5kb3dzIiwiNi4xIiwieDg2IiwiIiwiOTEuMC40NDcyLjc3IixbXV0.&dt=1622656818718&bpp=13&bdt=6148&idt=1444&shv=r20210525&cbv=%2Fr20110914&ptt=9&saldr=aa&abxe=1&cookie=ID%3D2deb3ce0df582199-22c8ffa23aa70026%3AT%3D1617042922%3ART%3D1617042922%3AS%3DALNI_Mbwd2vPoV9H2OpRAYvgq0SostNkLw&prev_fmts=728×90%2C0x0&nras=1&correlator=1157557665382&frm=20&pv=1&ga_vid=367642796.1617042914&ga_sid=1622656820&ga_hid=673744508&ga_fc=0&u_tz=300&u_his=1&u_java=0&u_h=800&u_w=1280&u_ah=756&u_aw=1280&u_cd=24&u_nplug=3&u_nmime=4&adx=183&ady=1262&biw=1264&bih=685&scr_x=0&scr_y=0&eid=42530671%2C31060975&oid=3&pvsid=3396830579704454&pem=349&eae=0&fc=896&brdim=0%2C0%2C0%2C0%2C1280%2C0%2C1280%2C756%2C1280%2C685&vis=1&rsz=%7C%7CoeEbr%7C&abl=CS&pfx=0&fu=0&bc=31&ifi=2&uci=a!2&btvi=1&fsb=1&xpc=slsPI6jqhL&p=https%3A//pakobserver.net&dtd=1475 It has become an instrument for massive industrialization. Last but not the least, it has accelerated the pace of industrialization in the country. While inaugurating the China-Pakistan Economic Corridor, President Xi-Jinping, said: “Friendship between China and Pakistan is based on trust and mutual support and we have…

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Federal Minister for Finance and Revenue, Shaukat Fayyaz Ahmed Tarin, on Tuesday, said that government would increase the GDP growth to 6-7 per cent in next couple of years to make Pakistan a regionally competitive economy. He chaired the second meeting of the Economic Advisory Council (EAC) at the Finance Division. The finance minister welcomed the participants and highlighted the objective of the formation of Economic Advisory Council, which is the promotion of evidence based policy formation and reforms with the effective consultation and feedback from all important stakeholders. He…

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A planned 1100-kilometre pipeline is intended to transport imported regasified natural gas from a liquefied natural gas terminal in Port Qasim near Karachi to Kasur in Punjab province. The new protocol introduces recent changes to the project, agreed by the two countries, to reduce Russia’s controlling stake in the project to 26% and pass operatorship into local hands. The Russian stake will be held by a special purpose vehicle, with a preliminary agreement in place that this be formed by three Russian companies, two of which are pipeline suppliers. These…

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Chinese oil and gas enterprises have set up an alliance on methane emission control amid China’s efforts to meet its 2060 carbon-neutral target. The alliance was jointly initiated by PetroChina, Sinopec and CNOOC, with the National Pipeline Network, Beijing Gas, China Resources Gas, and ENN Energy as its founding members. The alliance will focus on promoting technology and experience exchange in the field of methane emission control between alliance members and with other domestic and overseas enterprises, bolstering research and the adoption of methane emission control standards, and pushing for…

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