Connect with us

Latest News

The massive Chinese EV company indicates interest in investing in Pakistan

Published

on

The biggest electric car manufacturer in China, BYD, has indicated interest in investing in Pakistan to produce cutting-edge electric vehicles with the help of Mega Conglomerate Private Limited, a local partner.

This occurs while Pakistan is implementing energy-efficient transportation methods and lowering its carbon footprint to promote cleaner air.

Through this program, Pakistan’s auto sector would develop and consumers will have easier access to green products.

Unmute BYD will produce electric cars locally in Pakistan, allowing the country to export cars with right-hand drive (RHD).

The Special Investment Facilitation Council’s efforts to draw in foreign investment are greatly aided by BYD’s investment.

Prior to this, China and Pakistan decided to form a Working Group (WG) on five new economic corridors as part of the second phase of the China-Pakistan Economic Corridor (CPEC), in accordance with the Planning Ministry’s previously developed 5Es framework.

A press release stated that the agreement was made during a meeting that lasted more than an hour here at the Planning Ministry between Chinese Ambassador to Pakistan Jiang Zaidong and Federal Minister of Planning, Development, and Special Initiatives Professor Ahsan Iqbal.

“While opting to form a working group on five new economic corridors, including the Corridor of Job Creation, Corridor of Innovation, Corridor of Green Energy, and Inclusive Regional Development,” the parties “agreed to expedite phase 2 of the CPEC” during the meeting.

Latest News

The Deputy Prime Minister presides over a session of the Exploration and Production Committee.

Published

on

By

Deputy Prime Minister Ishaq Dar presided over the fifth session of the committee established by the Prime Minister to formulate a comprehensive action plan for tackling the difficulties confronting the exploration and production sector in Pakistan.

The committee achieved a preliminary consensus to present a long-anticipated framework to the executive committee of the national economic council on the sale of 35% of the unallocated gas volumes to external purchasers.

The committee resolved to commence a bidding process for accessible onshore exploration blocks by the following month.

The committee received an update on the current digitalisation initiatives of the Directorate General of Petroleum Concessions (DGPC). A competitive procedure has commenced to facilitate this digital transformation, which will optimise operations and improve efficiency in the sector.

The committee deliberated on a proposal to adjust petrol selling prices monthly or quarterly. The committee instructed the petroleum division to do a more thorough analysis of the idea and present it again at the next meeting.

The committee addressed the security concerns encountered by exploration and production companies, underscoring that the establishment of robust security measures is crucial for fostering investment in the E&P industry to ensure Pakistan’s energy security.

Continue Reading

Latest News

PTI to intensify pressure on the government on November 24: Barrister Saif

Published

on

By

Khyber Pakhtunkhwa Information Adviser Barrister Saif stated on Tuesday that the Pakistan Tehreek-e-Insaf (PTI) intends to intensify pressure on the “Form-47 government” during its forthcoming protest campaign, planned to commence on November 24.

Saif stated that the residents of KP were making comprehensive arrangements for the gathering on November 24, noting that KP Chief Minister Ali Amin Khan Gandapur had issued directions to legislators from all constituencies to accelerate their preparations for the anti-government initiative.

“We are conducting rallies and corner meetings throughout KP to ensure the success of the gathering on November 24.” Thousands of individuals, along by public officials, will assemble at the Motorway, from which KP Chief Minister Ali Amin Gandapur will direct the procession towards Islamabad,” Saif reiterated.

He stated that November 24 will be a day for the supremacy of law and the constitution.

“I implore individuals to protect themselves from the actions of the fascist regime; otherwise, they will suffer the consequences,” he said.

Continue Reading

Latest News

Twin cases are sent back to the regular bench by the constitutional court.

Published

on

By

A few cases were returned to the ordinary bench by the newly established constitutional bench on Tuesday, raising doubts about its constitutionality.

In the name of the Ministry of Petroleum, Saeed Khosa’s case was heard by a seven-member bench presided over by Justice Amin-ud-din Khan.

Only cases that fall inside the purview of the constitutional bench should be sent to it, said Justice Muhammad Ali Mazhar.

Notably, on October 23, the matter was referred to the constitutional bench by a three-member panel headed by Justice Mansoor Ali Shah.

Additionally, a different housing society case was returned to the regular bench as well.

Continue Reading

Trending