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SIFC Supports Shanxi Coal Initiative: China to Finance Coal-to-Chemicals Project in Pakistan

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2 months ago

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The Shanxi Coal and Chemical Industry Group of China intends to invest in technologies for the production of chemicals derived from coal reserves in Sindh, Pakistan. This project, supported by the Special Investment Facilitation Council (SIFC), seeks to improve collaboration between Pakistan and China in energy and industrial advancement.

Shanxi Coal and Chemical, one of China’s major state-owned firms, has made substantial investments in the coal and energy sectors. This project illustrates the increasing cooperation between the two nations.

Pakistan aims to fulfill its energy requirements by augmenting coal-fired production, thereby lowering electricity generation expenses. Petroleum Minister Musadik Malik stated that “Pakistan possesses extensive coal reserves, and this initiative demonstrates our dedication to the effective utilization of our natural resources.”

Pakistan now extracts roughly 7.6 million tons of coal annually from the Thar region, with intentions to augment this to 11 million tons within three years. The efficient utilization of these resources can stabilize the nation’s economy.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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4 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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4 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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