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

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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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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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