Category: Popular News

Hycarbex American Energy’s JV with Pakistani Firms a Boost for Exploration Sector, says Ali Pervaiz Malik

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ISLAMABAD, October 01,2025 In a significant development for Pakistan’s energy landscape, a high-level meeting was held today between Mr. Ali Pervaiz Malik, the Federal Minister for Petroleum, and senior leadership from the international and local energy sector to discuss the revival of Peshawar Block. The Minister met with Mr. Pierce Onthank, Chief Executive Officer of Hycarbex-American Energy, and Mr. Faheem Haider, CEO of Mari Energies, at the Ministry of Petroleum. The executives briefed the Minister on a landmark transaction wherein Mari Energies has partnered with Hycarbex American Energy Inc, and…

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Trump secures Netanyahu’s agreement to Gaza peace proposal, but doubts remain

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WASHINGTON/CAIRO/JERUSALEM, Sept 29 (Reuters) – President Donald Trump secured Israeli Prime Minister Benjamin Netanyahu’s backing on Monday for a U.S.-sponsored Gaza peace proposal to end a nearly two-year-old war in the Palestinian enclave, but questions loomed over whether Hamas would accept the plan. Speaking at a joint White House press conference, Trump said they were “beyond very close” to an elusive peace deal but he warned the Islamist group that Israel would have full U.S. support to take whatever action it deemed necessary if the militants reject what he has offered.

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CPEC Enters Phase-II: Pakistan, China Unveil Decade-Long Roadmap as JCC Concludes in Beijing

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Payment issue with Chinese IPPs remains unresolved; focus shifts to industrialisation, ML-1, and Gwadar development ISLAMABAD: The 14th Joint Cooperation Committee (JCC) meeting of the China-Pakistan Economic Corridor (CPEC) concluded in Beijing on Friday, ushering in Phase-II of the landmark initiative with a comprehensive roadmap for the next decade. However, the long-standing issue of capacity payments to Chinese Independent Power Producers (IPPs) remained unresolved, as Islamabad sought an extension in repayment timelines. Federal Minister for Planning Ahsan Iqbal, in his closing remarks, hailed CPEC Phase-II as a “corridor of industrialisation,…

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PAC Panel Warns PSO to Clear Rs150m Dues to SWO or Face FIA/NAB Action

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ISLAMABAD: The management of Pakistan State Oil (PSO) has been given four weeks to settle a Rs150 million liability with the Staff Welfare Organization (SWO), failing which the matter will be referred to the Federal Investigation Agency (FIA) or the National Accountability Bureau (NAB) for recovery. The ultimatum came on Friday during a meeting of the Public Accounts Committee’s (PAC) sub-committee, chaired by Tariq Fazal Chaudhry, which was reviewing audit reports of the Establishment Division for fiscal years 2003-04 and 2008-09. The dispute revolves around a 14,256 sq. ft. SWO-owned…

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Denmark to Launch 3-Year Strategic Energy Cooperation in Pakistan from January 2026

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ISLAMABAD: Denmark is set to roll out a three-year Strategic Sector Cooperation (SSC) programme in Pakistan’s energy sector from January 2026, focused on low-carbon development, cost-efficient NDC implementation, and expanding renewable energy integration. In a letter to the Power Division, Danish Chargé d’Affaires to Pakistan, Peter Emil Nielsen, lauded the Division’s support in hosting the high-level Danish Energy Agency (DEA) delegation on August 18, 2025, which kick-started preparations for the SSC covering 2026–2028. During the five-day mission, the DEA and Danish Embassy engaged with ministers, government partners, energy companies, NGOs,…

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