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China moves to overcome energy shortages in Pakistan
27 Apr, 2022
Beijing: The Fourth Construction Co. Ltd (FCC) of China National Chemical Engineering Group Corporation (CNCEC) has signed an EPCF contract with with Daewoo Gas to set up a new LNG terminal in Pakistan. With a nameplate capacity of 2.5 million tons per annum (mtpa) of LNG, this project will ...
First mega hydropower project under CPEC started water storage
23 Nov, 2021
China says Karot hydropower project, after commissioning, would provide stable and low price energy and help optimize the energy supply mix of Pakistan besides helping the country to achieve sustainable development. This has been stated by Chinese Foreign Ministry Spokesperson, Zhao Lijian while ...
SC declares Rs 417 billion GIDC amount payable Aug 13, 2020
13 Aug, 2020
ISLAMABAD- The Supreme Court on Thursday rejected the appeals of the companies and directed them to pay Rs 417 billion Gas Infrastructure Development Cess (GIDC) amount to the government. A three-member special bench of the court headed by Justice Mushir Alam and comprising Justice Faisal Arab ...
Can Indian Navy be checkmated by Pakistan and Chinese Navies in Indian Ocean in Near Future?
5 Feb, 2020
MOSCOW - The Indian Navy received a meagre $3.7 billion for naval modernisation from the country’s annual budget which was presented to the parliament on 1 February. This is just slightly up on the $3.6 billion last year, as India's navy struggles to counter the Chinese Navy’s growing influence ...
In positive economic development, Pakistan Foreign Exchange reserves to witness $1 billion increase
10 Dec, 2019
ISLAMABAD - In positive economic development, Pakistan Foreign Exchange reserves to witness $1 billion increase. The Economic Affairs Division of Pakistan has signed an agreement with the Asian Development Bank (ADB) worth $1.3 billion for budgetary support and reforms. Hammad Azhar, Minister ...
Saudi foreign minister lashes out at Iranian Foreign Minister claims
22 Sep, 2019
RIYADH - Any loans to Iran or engagement by the international community represent “appeasement,” Saudi minister of state for foreign affairs Adel al-Jubeir claimed, accusing Iran of aggressive behaviour. Iran’s recent warnings to Saudi Arabia are “ridiculous” and ...
World largest Oil Refinery in Saudi Arabia hit with Iranian cruise missiles?
16 Sep, 2019
RIYADH - The weapons used to strike Saudi oil facilities were Iranian-made, the Riyadh-led coalition said Monday, heightening fears of regional conflict after the US hinted at a military response to the assault. The weekend strikes on Abqaiq –- the world's largest oil processing facility –- ...
Drastic rise in the prices of petroleum products on cards in Pakistan
16 Sep, 2019
ISLAMABAD - A Drastic rise of over Rs 10 in the prices of petroleum products in Pakistan on cards following the rise of the international crude oil prices. The prices of petroleum products in Pakistan are likely to go up by up to Rs12 owing to an increase in the international market following an ...
Despite blaming Tehran for masterminding Saudi attack, Trump to meet Rouhani
15 Sep, 2019
*WASHINGTON: *The White House said on Sunday President Donald Trump may still meet his Iranian counterpart Hassan Rouhani, despite the United States accusing Iran of ‘masterminding’ drone attacks on Saudi Arabian oil facilities. White House counsellor Kellyanne Conway did not rule out the ...
US levels serious allegations against Iran over Saudi Arabia attacks
15 Sep, 2019
WASHINGTON - United States levels serious allegations against Iran over Saudi Arabia attacks. The United States has accused Iran of launching attacks on the global energy supply amid calls for de-escalation. In a tweet on Sunday, US Secretary of State Mike Pompeo said that Tehran is behind ...
