Category: Popular News

PM Shehbaz’s China visit to mark formal launch of CPEC-II

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New-Project2

ISLAMABAD: The government on Tuesday announced that Prime Minister Shehbaz Sharif’s upcoming visit to China later this month will mark the formal launch of the second phase of the China­-Pakistan Economic Corr­idor (CPEC-II), focused on industrial cooperation, after a delay of about five years.“Prime minister’s upcoming visit will mark the formal launch of CPEC Phase-II, with both sides expected to set clear priorities and agree on tangible, measurable outcomes,” said an official announcement quoting Planning Minister Ahsan Iqbal, focal person on the multi-billion-dollar bilateral initiative, as saying at a high-level…

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Pakistan Plays Its Trump Card in Global Minerals Race

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Reko-Diq

ISLAMABAD: Pakistan is positioning itself as a key player in the global minerals race, eyeing lucrative deals with major powers including the United States and China. With mineral reserves estimated at $8 trillion, Islamabad is seeking strategic partnerships to unlock its vast potential in copper, gold, rare earths and other resources. The US administration has shown growing interest in Pakistan’s minerals sector, aligning with Washington’s recent push to secure rare earths worldwide. A minerals conference hosted in Islamabad earlier this year drew interest from global investors, with both Beijing and…

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Govt Plans to Lift Ban on Gas Connections with Higher Fees, LNG-Based Tariffs

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LNG-rates

ISLAMABAD: The government is set to lift the long-standing ban on new gas connections, but at a significantly higher cost — with consumers charged at imported LNG rates of around Rs3,900 per million British thermal unit (mmBtu) and a fourfold increase in connection fees. A summary prepared by the petroleum division has been submitted to the federal cabinet, proposing 120,000 new connections in the first year. Priority will be given to applicants who had previously paid fees or demand notices but were denied service due to the moratorium. About 250,000…

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Govt announces petroleum prices for next fortnight

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ISLAMABAD: The federal government on Friday announced new petrol and diesel prices for the next fortnight, According to a notification issued by the Ministry of Finance, the price of petrol will remain unchanged at Rs264.61 per litre, while high-speed diesel has been reduced by Rs12.84 per litre to Rs272.99. The notification further stated that the price of kerosene oil has been cut by Rs7.19 per litre, bringing it down to Rs178.27, while light diesel has been reduced by Rs8.20 per litre to Rs162.37. Petrol Price in Pakistan Today Prices w.e.f…

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Pakistan Hails IWT Ruling as Victory in Water Dispute with India

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Pak-Ind

ISLAMABAD: Pakistan has welcomed an international court ruling directing India to strictly follow the Indus Waters Treaty (IWT) in the design of hydroelectric power projects on rivers allocated to Pakistan, calling it a clear endorsement of Islamabad’s stance. The Hague-based Permanent Court of Arbitration (PCA), in a decision posted Monday, affirmed its jurisdiction over the dispute and ruled that India’s projects on the Western Rivers must conform “strictly” to the treaty’s technical specifications, rather than to ideal engineering practices. Pakistan’s Attorney General Mansoor Usman said the verdict largely upheld Pakistan’s…

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