Shandong Xinxu proposes refinery upgrade, offshore exploration, equipment manufacturing ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik has met with Hou Jianxin, Chairman of China’s Shandong Xinxu Group, to discuss expanding cooperation and investment opportunities in Pakistan’s energy sector, according to a statement issued on Thursday. Jianxin expressed strong interest in investing across Pakistan’s energy…
Officials discuss speeding up key energy project, expanding cooperation in industry, transport, investment Iraq and Jordan have agreed to accelerate implementation of the Basra-Aqaba Strategic Oil Pipeline Project, one of the two countries’ largest joint energy investments, according to a statement from the Iraqi prime minister’s office. The agreement was reached on Thursday during a…
Letter says party should publish the names of all those candidates who will be its supported candidates ISLAMABAD: Senior jailed leaders of the Pakistan Tehreek-e-Insaf (PTI) on Thursday urged the party leadership to participate in the upcoming Azad Jammu and Kashmir (AJK) elections, asking the party to field PTI-backed candidates despite the legal uncertainty surrounding…
FPCCI links proposal to upcoming Solar & Storage Expo, cites need to cut energy costs LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for a special concessional financing scheme at 3% markup for solar battery purchases, as the Pakistan Solar Association prepares to host the Solar & Storage Expo 2026…
Difficult mountainous terrain has complicated rescue efforts, but operations remain underway At least 30 people died when a passenger bus travelling from Quetta to Peshawar plunged into a deep ravine. PHOTO: EXPRESS QUETTA: At least 40 people were killed and eight others injured when a New Mekhtar passenger coach travelling from Quetta to Peshawar plunged into…
ISLAMABAD: At least 16 people have lost their lives and 38 were left injured across the country in rain- and flood-related incidents over the past week. According to the National Disaster Management Authority (NDMA), Khyber Pakhtunkhwa emerged as the worst-hit province. The NDMA, in its latest situation report covering the period from June 26 to…
Oil prices edged up on Friday before a long holiday weekend in the US, as wary optimism held over efforts to secure peace in the Middle East between the United States and Iran. Brent futures climbed 46 cents, or 0.64%, to $72.26 a barrel as of 0407 GMT. West Texas Intermediate was up 32 cents,…
A billboard depicting Iran’s late Supreme Leader Ayatollah Ali Khamenei and Iran’s Supreme Leader Ayatollah Mojtaba Khamenei at Valiasr Square in Tehran, Iran. Photo: Reuters The body of Iran’s supreme leader Ali Khamenei, who was killed in US-Israeli strikes, arrived at Tehran’s Grand Mosalla religious complex ahead of his funeral, state media reported on Friday….
ISLAMABAD: The federal government has disclosed that the Main Line-1 (ML-1) railway project has been removed from the China-Pakistan Economic Corridor (CPEC) framework and will now seek financing from the Asian Development Bank (ADB) and other international financial institutions. The revelation came before the Senate Standing Committee on Economic Affairs, which also sought explanations regarding…
There are apprehensions that some exporters keep part of their proceeds overseas by understating the value of their goods or bringing some as exports of services to avoid income tax, according to sources. photo:file ISLAMABAD: The government has missed the export target by a wide margin of $5.2 billion, as receipts during the last fiscal…