Category: News & Announcement

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar on Monday stressed the need for resolving the circular debt issue by revamping the entire power sector, including tariff setting, efficiencies of power generating units, supply chain network and payment recoveries. If this is not done, the future of energy sector would remain at stake, the FPCCI chief warned and urged the power ministry to identify system constraints, communicate targets to all the concerned departments to initiate up-gradation of transmission system on war footing. In this…

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ISLAMABAD: China-Pakistan Economic Corridor (CPEC) projects have not only remained unscathed by the Covid-19 pandemic but Pak-China bilateral cooperation has increased during this period, officials and think tank representatives said on Thursday. They were speaking at a webinar on ‘New Oppor­tunities and Challenges of China-Pakistan Cooperation in the Post-Epidemic Era’, which was participated in by experts of Chinese and Pakistani think tanks. The webinar was organised by Pakistan-China Institute. Chinese Ambassador Yao Jing spoke about the cooperation between the two countries during the pandemic and said his country’s assistance for…

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Chairman CPEC Authority Lt. General (retd) Asim Saleem Bajwa has said that the 306 kilometers Sukkur-Hyderabad Motorway (M-6) will promote the socio-economic development of interior Sindh. The M-6 motorway is approved in the Executive Committee of the National Economic Council (ECNEC) on BOT basis. Chairman further underlined that M-6 will enhance motorway connectivity by linking East Balochistan to entire Motorway network in Pakistan. Chairman China-Pakistan Economic Corridor (CPEC) Authority Lt. General (retd) Asim Saleem Bajwa has said that the 306 kilometers Sukkur-Hyderbad Motorway (M-6) will contribute to construction boom. Asim…

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Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote in an article in the Russian magazine Energy Policy. Since Russia began LNG exports in 2009 with the Sakhalin-2 project, its exports of LNG have increased 4.5 times, Novak said. While Russian gas export monopoly, Gazprom, has been busy launching new pipelines east and west – the Power of Siberia to China and TurkStream to Turkey – Russia’s largest private…

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The Pakistan Meteorological Department on Thursday predicted rain and thunder in Karachi from tomorrow in a second spell of downpour this season. The department’s director, Sardar Sarfaraz, said the spell would last a day or two and would be preceded by dusty winds. “Initially we had said that the second spell would start from July 15 but then the situation changed and it appeared that it would start after July 20. “[However], a similar low pressure area has developed almost in the same place as in the first spell, around…

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