Category: Latest News

Pakistan Reconsiders TAPI Pipeline as LNG Surplus Undermines Viability

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TAPI-gas

ISLAMABAD: Pakistan is rethinking its commitment to the $13 billion Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline after global consultancy Wood Mackenzie advised delaying gas intake from Turkmenistan until at least 2031, citing an oversupply of imported LNG. A senior Energy Ministry official confirmed that the recommendation has triggered urgent deliberations within the Petroleum Division, with options ranging from formally deferring commitments to considering a withdrawal from the project. Pakistan is already struggling to manage long-term LNG contracts amid a sharp decline in domestic gas demand. Officials say Islamabad is also reassessing TAPI’s…

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PM Shehbaz Secures $4.2bn Chinese Investment, Calls Beijing a Role Model for Development

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New-Project11

BEIJING: Prime Minister Shehbaz Sharif has hailed China’s development as a model for Pakistan, reaffirming that the country remains fully open to Chinese investors. Addressing the second Pakistan–China Business-to-Business (B2B) Investment Conference in Beijing, he termed the gathering a milestone in attracting multi-billion-dollar investments and strengthening economic cooperation. The premier lauded the decades-long Pakistan–China friendship, recalling that President Xi Jinping’s 2015 visit to Islamabad laid the groundwork for the China–Pakistan Economic Corridor (CPEC), which has since transformed infrastructure, energy, agriculture, and industry in Pakistan. He invited Chinese industries to establish…

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Leghari, ADB Delegation Discuss Energy Reforms, Privatization and Green Financing

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Asian-Development-Bank

ISLAMABAD: Federal Minister for Energy Sardar Awais Ahmad Khan Leghari held talks with an Asian Development Bank (ADB) delegation led by Director of Energy Joonho Hwang on Thursday, focusing on reforms, privatization, and clean energy initiatives in Pakistan’s power sector. The minister said the government has prioritized structural reforms, including the privatization of three Distribution Companies (DISCOs) in the first phase under the Public-Private Partnership (PPP) model. He acknowledged ADB’s longstanding support in promoting PPP frameworks and integrated energy planning, adding that both technical assistance and investment will be critical…

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Norway Conducts First Real-World Electric Cargo Plane Test Flight

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New-Project9

STAVANGER: Norway has taken a major step toward zero-emission aviation with the first real-world test of an electric cargo flight between Stavanger and Bergen, airport operator Avinor announced on Thursday. The Alia aircraft, built by US manufacturer Beta and operated by Bristow Norway, completed the 160-kilometre journey in 55 minutes, simulating a cargo route in southeastern Norway. “This is the first time an electric plane has flown the trade route between Stavanger and Bergen. Everything went very well,” said Avinor director Karianne Helland Strand. The test, conducted under visual flight…

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Policy Uncertainty Undermines Pakistan’s Green Investment Prospects

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New-Project8

KARACHI: Pakistan’s fragile economy is struggling to attract sustainable investment as policy instability, weak governance, and mounting climate risks erode investor confidence, according to a joint report by the Association of Chartered Certified Accountants (ACCA) and the Pakistan Business Council (PBC). The study warns that despite government pledges to pursue export-led growth and sustainable development, Pakistan lags in embedding sustainability into its economic framework. Foreign direct investment remains scarce, with green financing even harder to secure due to political uncertainty, regulatory unpredictability, and perceptions of fragile returns on long-term projects.…

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