Category: Latest News

ISLAMABAD: Pakistan and its international partners are poised to achieve financial close within the next two weeks for the multibillion-dollar Reko Diq copper and gold mining project, securing $3.5 billion in funding to advance one of the country’s most significant resource ventures. Sources confirmed that Pakistan has devised both Plan A and Plan B to ensure smooth execution of the project. Under the primary plan, financing is being arranged through lenders, while construction at the site has already begun, with machinery deployed even ahead of the financial close. A formal…

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KARACHI: The recent greenish discolouration of seawater and reports of glowing waves along Karachi and parts of the Balochistan coast are the result of a naturally occurring, non-toxic bloom of Noctiluca scintillans — commonly known as “sea sparkle” — and not caused by pollution, the World Wide Fund for Nature–Pakistan (WWF-P) clarified on Wednesday. Dismissing concerns about harmful algal blooms or eutrophication, WWF-P explained that the phenomenon is linked to the seasonal proliferation of Noctiluca scintillans, a free-floating marine organism known for its striking bioluminescence at night. According to the…

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Lahore, Pakistan — November 2025, Solis, one of the world’s Top 3 inverter manufacturers, is proud to announce its participation as the Platinum Sponsor of the PSA Cricket Tournament Season III, scheduled to take place from 20th to 23rd November 2025 at the renowned Ghani Institute of Cricket, Lahore. Organized by the Pakistan Solar Association (PSA), the tournament has quickly become one of the most exciting and unifying events in the country’s solar industry. This year, the stage is set for the biggest season yet, featuring 36 teams from leading…

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KARACHI (Nov 26): Sindh Chief Minister Syed Murad Ali Shah hosted a high-stakes meeting with the China-Africa & Asia Economic Trade Cooperation delegation and representatives from Louyang Modern Biology, proposing extensive bilateral and triangular collaboration in biotechnology, agriculture modernisation, and livestock development.The Chief Minister highlighted Sindh as a “growth-ready province” with vast potential, particularly in its 14 million acres of fertile land and expanding industrial zones.The meeting held at CM House was attended by Minister of Transport Sharjeel memon, Home Minister Ziaul Hassan Lanjar, Minister of Fisheries & Livestock Mohammad…

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A meeting was held between the Federal Minister for Petroleum, Ali Pervaiz Malik, the Managing Director of OGDCL, Ahmed Hayat Lak and Munib Hussain, London based Partner at the international law firm, Milbank. The participants reviewed key developments in the energy and resources sector, including the current status of financing for the Reko Diq Copper and Gold Project. Briefing the Minister and the OGDCL leadership, Mr. Hussain,who represents the project’s financiers,shared positive updates on attainment of financial close for the Reko Diq project. The meeting also included discussions on additional…

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