Port Qasim

Pakistan to Establish ‘Energy City’ to Boost Blue Economy

Pakistan to Establish ‘Energy City’ to Boost Blue Economy

KARACHI: Pakistan plans to develop a new “Energy City” and establish a multipurpose terminal at Port Qasim as part of wider efforts to strengthen the country’s blue economy and modernise maritime infrastructure, Maritime Affairs Minister Junaid Anwar Chaudhry said on Friday. The announcement comes as Pakistan’s maritime sector recorded a historic profit of Rs100 billion […]

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Reko Diq Project enters new era of partnership with SIFC support

Reko Diq Project enters new era of partnership with SIFC support

ISLAMABAD: Pakistan’s multibillion-dollar Reko Diq copper and gold project has entered a new phase of partnership after the Special Investment Facilitation Council (SIFC) removed key financing and investment hurdles. State-owned Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Government Holdings Private Limited will back the project with joint corporate guarantees. OGDCL

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