Category: Latest News

HANGZHOU: Prime Minister Shehbaz Sharif held a series of high-level meetings with senior executives of major Chinese companies in Hangzhou as part of his official visit to China, focusing on investment opportunities and enhanced bilateral business cooperation in renewable energy, electric mobility, energy storage, and healthcare sectors. During his engagements with China’s corporate leadership, the Prime Minister met representatives of Sheng Huo Neng Yuan Ke Ji Company, CATL, StarCharge, and Xiuzheng Pharmaceutical Group. In a meeting with Agnes Siu, CEO of Sheng Huo Neng Yuan Ke Ji Company, discussions focused…

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SINGAPORE: Several vessels carrying Middle Eastern oil and liquefied natural gas (LNG) have resumed transit through the Strait of Hormuz, heading toward Pakistan, China, and other Asian destinations despite ongoing regional tensions and severe disruptions to maritime traffic. According to shipping data from LSEG and Kpler, LNG tanker Fuwairit crossed the Strait of Hormuz on Monday and is expected to deliver its cargo to Pakistan on Tuesday. The Bahamas-flagged vessel had loaded LNG at Qatar’s Ras Laffan Industrial City around March 28. The vessel is owned by Mitsui O.S.K. Lines,…

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BEIJING: China is exploring long-term commodity procurement agreements and sector-specific investment partnerships with Pakistan across mining, agriculture, textiles, and value-added exports, as both countries move to deepen economic cooperation and expand bilateral trade. The discussions took place during a series of high-level business meetings held between Pakistan’s Commerce Minister Jam Kamal Khan and leading Chinese companies during his official visit to China. According to an official statement, the engagements focused on attracting Chinese investment and enhancing Pakistan’s export footprint in priority sectors including textiles, agriculture, mining, chemicals, e-commerce, food processing,…

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ISLAMABAD: The government has decided to establish a dedicated “Wapda Security Force” to safeguard major water infrastructure projects and personnel working on them, particularly Chinese engineers and workers engaged in strategic hydropower developments across Pakistan. The proposed force will be created under the Wapda Security Force Act, 2026, which has already been forwarded to parliament for approval. According to the statement of objects and reasons, the force is being constituted to ensure the protection and security of critical infrastructure managed by the Water and Power Development Authority. The move comes…

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KARACHI: Committing to curbing illegal electricity connections and power theft while accelerating infrastructure upgrades for SITE industries, newly appointed K-Electric Chief Executive Officer Syed Muhammad Taha pledged significant improvements in the utility’s service delivery and vowed the swift resolution of the long-standing grievances of industrialists during a visit to the SITE Association of Industry, where he was accompanied by senior company officials. The CEO is pursuing technological upgrades encompassing improvements in outage management systems, electronic monitoring and the gradual modernization of distribution infrastructure. He added that the Multi-Year Tariff (MYT)…

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