Category: Popular News

Power Division, QESCO Clash Over Funding for Third-Party Validation of Subsidised Tubewells

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ISLAMABAD: A dispute has emerged between the Power Division and the Quetta Electric Supply Company (QESCO) over the release of funds for third-party validation of subsidised agricultural tubewells in Balochistan, with QESCO raising serious concerns over the consultant’s verification process. On *October 28, 2025, the Power Division instructed all power distribution companies to release payments to **ICore Business Solutions, the firm engaged for third-party verification. However, QESCO has objected, arguing that under *Clause VI of the Memorandum of Understanding (MoU) between the federal and Balochistan governments for the *solarisation of…

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PSO Cleared to Finalise LNG Cargo Diversion Deal with Qatar by November 15

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LNG

ISLAMABAD: The government has authorised Pakistan State Oil (PSO) to finalise a key agreement with Qatar by *November 15, allowing the diversion of up to *24 LNG cargoes in 2026 under a net proceeds differential formula. In a recent meeting, the Petroleum Division informed the Economic Coordination Committee (ECC) that PSO needed approval to conclude discussions with Qatar Energy before the deadline. It proposed authorising PSO and the Petroleum Division to finalise the Annual Delivery Programme (ADP) for 2026 with a cargo range of 24 to 29. The ECC approved…

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Disasters Inflict $3.26tr Damage on Global Agriculture: FAO Report Warns of Mounting Risks and Digital Solutions

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ISLAMABAD: Global agriculture has suffered an enormous $3.26 trillion in losses from disasters over the past 33 years — averaging *$99 billion annually, or nearly *4% of global agricultural GDP — according to the Food and Agriculture Organisation’s (FAO) latest report, Impact of Disasters on Agriculture and Food Security 2025, released on Friday. The report reveals that from *1991 to 2023, disasters destroyed **4.6 billion tonnes of cereals, **2.8 billion tonnes of fruits and vegetables, and **900 million tonnes of meat and dairy, reducing global food availability by *320 kilocalories…

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Pakistan and France join hands to explore opportunities in minerals

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Pakistan and France

ISLAMABAD, November 12,2025: The Government of Pakistan, in collaboration with the Embassy of France in Pakistan, hosted a high-level webinar titled “Pakistan’s Minerals Economy: Gateway to Growth” to highlight the country’s vast mineral resources and promote investment opportunities for French companies and investors in the minerals and mining sector.The event was co-chaired by Federal Minister for Petroleum Ali Pervaiz Malik and French Ambassador to Pakistan Nicolas Galey at the Oil and Gas Development Company Limited (OGDC) Headquarters in Islamabad. Mr. Benjamin Gallezot, Interministerial delegate for supplies of strategic minerals and…

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CM Murad hails German unity as global inspiration, pledges deeper ties

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CM Murad

KARACHI (Nov 12): Sindh Chief Minister Syed Murad Ali Shah lauded the reunification of Germany as a ‘powerful example of determination, hope, and unity’ that transcends deep divisions, inspiring reconciliation, cooperation, and progress worldwide. Addressing a gathering at the German Consulate in Karachi on the occasion of German Unity Day, Mr. Shah underscored Germany’s “long-standing and trusted friendship” with Sindh and Pakistan, highlighting the celebration as a reflection of enduring spirit. The Chief Minister emphasised the critical need for nations to build bridges of cooperation and understanding to confront contemporary…

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