Category: Latest News

ISLAMABAD: Shaheen Energy (Pvt) Ltd (SEPL) and China’s Anton Oilfield Services Group have signed a memorandum of understanding (MoU) to explore investment opportunities worth approximately Rs20 billion in Pakistan’s gas sector over the next three to five years. According to a statement issued by Shaheen Energy, the proposed investment will focus on opportunities emerging from government policy reforms, particularly the framework allowing third-party gas sales and projects in the upstream gas sector. Under amendments to the Petroleum (Exploration & Production) Policy 2012, introduced through a statutory regulatory order in 2024,…

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ISLAMABAD: Pakistan has been named the incoming chair of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) for 2027, marking the country’s first return to the position since 1953, the Ministry of Economic Affairs said on Friday. Federal Minister for Economic Affairs Ahad Khan Cheema, who also serves as Pakistan’s governor to the World Bank, was formally announced as the incoming chair during the plenary session of the 2026 WBG-IMF Annual Meetings in Bangkok, Thailand. The annual meetings, held from October 12…

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Advanced vacuum systems improve battery recycling efficiency, recover valuable raw materials and support a more sustainable circular economy. Vacuum technology is playing an increasingly important role in lithium-ion battery recycling, helping recover valuable materials while improving process safety and energy efficiency. Leybold, a specialist in vacuum technology, provides solutions for several stages of battery manufacturing and recycling, including slurry degassing, electrode drying, battery filling, leak testing and the safe drying of battery cells before material recovery. According to Leybold, mechanical recycling can achieve recovery rates of up to 95%, depending…

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Islamabad: October 16,2026 The impression conveyed in a recent news article regarding the proposed LPG allocation mechanism is inaccurate. The transparent mechanism for the disposal of locally produced LPG through a competitive process remains a priority of the Government, as it would ensure a level playing field for the industry and address the existing capture whereby locally produced LPG is concentrated among a few market players. The Petroleum Division has submitted a set of measures to improve the supply position in the market. One of these measures is the disposal…

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• Sindh – Chinese companies sign 35 MoUs; special desk established for investors with 10-year tax exemptions.• “Karachi will replicate Shanghai’s economic success modelSHANGHAI (Oct 15): In a significant push to boost bilateral economic ties, Sindh Chief Minister Syed Murad Ali Shah has stated that the recently concluded second Sindh Investment Conference in Shanghai- held after a 12-year hiatus- will usher in a new era of Chinese investment, job creation, and industrial modernisation in the province. Addressing the media following the Shanghai conference, CM Murad Ali Shah highlighted that the…

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