ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar on Friday said the recently signed accords between Pakistan and China would open up new opportunities of employment and economic development for the people of Gilgit-Baltistan. The prime minister expressed the views in a meeting with Chief Minister GB Gulbar Khan at the PM House. They discussed the memorandum of understanding signed during the…
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China-Pak JV aims to remove hurdles preventing transition to alternative fuels BEIJING: Pakistan’s Senate Chairman Muhammad Sadiq Sanjrani, along with a delegation, witnessed the signing of a landmark memorandum of understanding (MoU) in Beijing. The MoU, inked on October 25 between TGOOD, a leading Chinese company, and the REC Group of Pakistan, aims to promote environmentally friendly electric vehicles (EVs)…
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Solar energy market expected to grow from 1.3GW in 2023 to 9.77GW by 2028 BEIJING: “The Green Silk Road is an important tool that can help us all pull out of the dead ends of the past and set us on a new pathway that benefits people and planet alike,” United Nations Secretary-General Antonio Guterres emphasised in his speech at…
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• Pakistan joins China’s moon programme• Kakar offers Friday prayers in Xinjiang• Khunjerab border crossing to operate throughout the year ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar returned home on Friday evening after a whirlwind five-day China trip that took him to places where only few foreign dignitaries before him visited, and one that saw Islamabad and Beijing ink over…
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ISLAMABAD: In order to meet energy requirement of the country, Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday invited China to invest in solar parks to help reduce Pakistan’s energy import bill and support the country’s fight against climate change. “Investments in solar parks would benefit two-fold. On one hand, they will support Pakistan’s endeavours for climate action and also…
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ISLAMABAD: The Executive Committee of SIFC has directed Petroleum Division to prepare ‘Merit Order’ for supply of gas to industry, fertilizer, power generation, commercial, and domestic consumers, economic benefits of which will be reviewed by the caretaker Minister for Finance, sources close to Secretary Petroleum told Business Recorder. Caretaker Finance Minister, Minister for Industries and Production and Minister for Energy as…
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Investment in solar PV construction hit ~$15.8 billion in the first half of 2023, outpacing other power generation sources. Despite land constraints in coastal regions, provinces like Henan and Shandong lead in distributed solar PV installations, with the nation halfway through its five-year solar installation target. China’s solar sector is set to break records in the coming years . When…
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KARACHI: Directorate of Post Clearance Audit (South), Karachi has unearthed a complex web of deceit and fiscal fraud involving fictitious solar panel companies, which reportedly transferred Rs 73 billion out of Pakistan. According to details, the Directorate during the sectoral audit of solar panel imports assigned by the Federal Board of Revenue (FBR), identified significant irregularities and violations in the…
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ISLAMABAD: Pakistan is likely to again float proposals to Chinese government for renegotiation on contracts of power projects established under CPEC on the pattern of other IPPs or to purchase 1200-MW electricity from Pakistan for onward supply to power deficient Afghanistan. This idea is under active consideration at the highest level due to rising exceptional capacity payments, which has choked…
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Prime Minister Muhammad Shehbaz Sharif has stressed the need for making untiring efforts and hard work to realize the dream of our forefathers to put the country on path of development and prosperity. Addressing the inaugural session of “Pakistan Minerals Summit” in Islamabad today, he said today is the day to learn lesson from the past and move forward in…
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