Category: Latest News

Pakistan invites Chinese investment in ports, logistics sectors

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Chinese investment

Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has invited Chinese investors to expand investment in Pakistan’s ports, logistics and maritime sectors. He was addressing the Regional Transit Trade Hub Initiative in Beijing today. The Minister said maritime institutions, including the Karachi Port Trust, Port Qasim Authority, Gwadar Port Authority and the Pakistan National Shipping Corporation, are implementing reforms to develop the country into a modern maritime, logistics and industrial hub serving regional markets. Reaffirming Pakistan’s commitment to strengthening bilateral ties with China, he called for closer cooperation to build…

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StarCharge, Bahum Global sign MoU to support Pakistan’s electric vehicle ecosystem

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ev-charging

Government says upcoming battery storage policy will promote local EV manufacturing, charging infrastructure, technology transfer and foreign investment StarCharge, StarCharge Energy Pakistan and Bahum Global Ltd signed a memorandum of understanding (MoU) on Tuesday to support the development of Pakistan’s electric vehicle ecosystem. Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan witnessed the signing and said the government was working to accelerate the shift towards electric mobility. He said the forthcoming Battery Energy Storage System Policy would support local manufacturing, attract foreign investment and help…

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Petroleum Minister, KUFPEC Discuss Expanding Energy Cooperation

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Islamabad, July 21, 2026: Federal Minister for Petroleum Ali Pervaiz Malik met with Mr. Tareq Ebrahim, Vice President Operations of Kuwait Foreign Petroleum Exploration Company (KUFPEC), to discuss opportunities for expanding cooperation in Pakistan’s petroleum sector. The Minister described Kuwait as one of Pakistan’s closest friends, highlighting the two countries’ more than 50-year partnership in the energy sector. He reaffirmed the Government’s commitment to further strengthening this longstanding relationship. Mr. Tareq Ebrahim thanked the Minister for his support in facilitating investment opportunities and said KUFPEC sees strong potential for expanding…

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OGRA Approves Export of 160,000 Tonnes of Furnace Oil by Three Refineries

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OGRA

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has granted approval to three major local refineries to export a combined 160,000 metric tonnes (MT) of surplus furnace oil during the current month, following in-principle clearance from the National Committee on Management of Crises (NCMC). According to separate notifications issued by the regulator, Pakistan Refinery Limited (PRL) has been authorised to export 50,000 MT of furnace oil, Pak-Arab Refinery Limited (PARCO) has received approval to export 60,000 MT, while National Refinery Limited (NRL) has been permitted to export 50,000 MT of…

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