14.3% of electricity is still produced using coal
KARACHI: Due to decreasing imports, RLNG’s share dropped from 18.9% percent in August 2021 to 12.5% in August 2022, with coal’s contribution to power generation remaining same at 14.3%. The cost of RLNG in the power basket increased from Rs14.91/kWh in August 2021 to Rs24.72/kWh in August 2022, according to statistics. According to Muhammad, the […]
The lubricant oil sector is prepared to enter Gwadar Free Zone Phase II
9 OCT., GWADAR- In a significant milestone, a subsidiary of the Chinese firm Hengmei Technological Grease Company has decided to create a lubricant mixing factory in Phase II of the Gwadar Free Zone. After signing the sub-lease agreement, Hengmei Technological Grease Company, which has already been registered and incorporated with the Security and Exchange Commission […]
Tang International Education Group and National Skills University Islamabad sign a memorandum of understanding
9 October, ISLAMABAD (China Economic Net) – At the end of September, Tang International Education Group and National Skills University (NSU), Islamabad, signed a memorandum of understanding (MoU) on the development of the China-Pakistan International Industrial Academic Integration Alliance and a dual-degree collaborative education program. The founding vice chancellor of NSU Islamabad, Professor Dr. Muhammad […]
The Ministry of Foreign Affairs reacted to the Prime Minister of Pakistan’s heartfelt thanks to China for helping Pakistan combat floods
Mao Ning, the spokesperson for the foreign ministry, led a routine news conference on October 9. When questioned by reporters, Prime Minister Shabazz of Pakistan remarked that his country was extremely appreciative of the help given to Pakistan’s flood victims by the Communist Party of China, the Chinese government, the Red Cross, the brother provinces, […]
Projects authorized for Rs. 600 billion
The federal cabinet on Friday authorized 12 large-scale development projects for Rs 600 billion despite a limited economic outlook and the withdrawal of energy subsidies for the general public. These projects, which mostly pertain to the energy and communications sectors, were authorized by the Executive Committee of the National Economic Council (Ecnec) at its meeting, […]
Rupee best performing currency
The erratic rupee of Pakistan, which achieved the highest rise of 3.9% over five working days to Rs 219,924 to the dollar on anticipation of substantial inflows of foreign cash, was dubbed the “world’s greatest performing currency” in the week that concluded on Friday. In a brief analysis of currency movements, Tahir Abbas, Head of […]
Chinese Ambassador to Pakistan Nong Rong Meets with Pakistani Minister of State for Foreign Affairs Hina Rabbani Khar
Nong Rong, the Chinese ambassador to Pakistan, met with Hina, the Pakistani minister of state for foreign affairs, on October 5, 2022, to discuss flood relief efforts in Pakistan and ties between China and Pakistan. Shiraj, the director general of the Pakistani Ministry of Foreign Affairs’ China Department, was in attendance. Ambassador Nong thanked the […]
UN General Assembly passes resolution in support of Pakistani citizens affected by floods
On July 7, the United Nations General Assembly adopted a resolution supporting the Pakistani government and the flood-stricken Pakistani people. The resolution calls on all members of the international community—particularly donor nations, international financial institutions, and pertinent international organizations—as well as the private sector and civil society to fully support and assist the government of […]
Cultural Contradiction: Pakistan and China
If a local female approaches you to shake your hands when you arrive in Pakistan and you decline, don’t interpret this as a “welcome.” A large number of nations border my country, including Singapore, South Korea, Thailand, and Russia, among others. Pakistan must be brought up while discussing a neighboring nation that is geographically close […]
7 dead in building fire in Pakistan’s Punjab province
On Friday, a large fire broke out in a five-story structure in the popular Bazar neighborhood of Pakistan’s Punjab province, killing seven family members, including four children. This information has been given by the emergency room. Lahore. On Friday, a large fire broke out in a five-story structure in the popular Bazar neighborhood of Pakistan’s […]