Pakistan, Russia Agree to Set Up New Steel Mill in Karachi to Bolster Bilateral Ties

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ISLAMABAD: Pakistan and Russia have agreed to collaborate on establishing a new steel mill in Karachi, marking a significant step forward in strengthening bilateral industrial cooperation. The decision was reached during a follow-up meeting between Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, and a Russian delegation led by Denis Nazaroof. The Russian side reaffirmed its commitment to support Pakistan’s steel sector and invited Pakistani representatives to an upcoming industry exhibition in Moscow. This follows earlier discussions in September 2024 between Russia’s Deputy Minister for…

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MariEnergies Secures 10 New Onshore Exploration Blocks in DGPC Bid Round

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ISLAMABAD: Mari Energies, formerly known as Mari Petroleum Company Limited, has provisionally secured 10 onshore exploration blocks in Pakistan following the recent competitive bidding round conducted by the Directorate General of Petroleum Concessions (DGPC) on April 30, 2025. In a notice to the Pakistan Stock Exchange (PSX), the company confirmed that it will independently operate seven of the awarded blocks, while the remaining three will be developed through joint ventures (JVs). These JV arrangements include partnerships with Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Prime…

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Türkiye Reaffirms Unwavering Support for Pakistan, Says President Erdogan

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ISLAMABAD: Turkish President Recep Tayyip Erdogan has reaffirmed Türkiye’s steadfast support for Pakistan, vowing to stand by the country in both good and challenging times, as it has in the past and will continue to do in the future. In a post on X (formerly Twitter), President Erdogan highlighted the deep-rooted ties between the two nations, calling the Türkiye-Pakistan brotherhood “one of the best examples of true friendship” that is rarely seen globally. He emphasized Ankara’s commitment to Pakistan’s peace, stability, and prosperity. Erdogan also commended Pakistan’s “sensible and patient”…

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DISCOs Fail to Meet Loss Reduction Targets, ECC Expresses Alarm

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ISLAMABAD: Pakistan’s Economic Coordination Committee (ECC) has raised serious concerns over the persistent failure of power distribution companies (DISCOs) to reduce transmission and distribution (T\&D) losses, despite recent governance reforms and the reconstitution of their boards. During a recent meeting, the ECC expressed dismay over the inability of DISCOs to meet their assigned loss reduction targets. Of particular concern was the performance of Lahore Electric Supply Company (Lesco), whose losses have reportedly increased over the past year. The committee emphasized the urgent need for comprehensive reforms to curb inefficiencies and…

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Operation Bunyanum Marsoos: 11 Soldiers Martyred, 78 Injured in Defense of Pakistan

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Rawalpindi: In a tragic escalation of hostilities, 11 soldiers of Pakistan’s armed forces embraced martyrdom and 78 others sustained injuries while valiantly defending the nation against India’s unprovoked and reprehensible attacks, the Inter-Services Public Relations (ISPR) confirmed. The offensive, which also claimed the lives of 40 civilians — including 7 women and 15 children — and injured 121 others, has drawn widespread condemnation. The fallen heroes from the Pakistan Army include *Naik Abdul Rehman, **Lance Naik Dilawar Khan, **Lance Naik Ikramullah, **Naik Waqar Khalid, **Sepoy Muhammad Adeel Akbar, and *Sepoy…

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