Pakistan

Pakistan's Finance Minister Muhammad Aurangzeb on Thursday showed up in Beijing to open talks on power sector structural reforms recommended by the International Monetary Fund (IMF), two government sources stated. He held a conference with his Chinese equivalent in Beijing, they stated, and added that the finance minister together with Power Minister Awais Leghari is leading a delegation, which will use up several proposals with the Chinese side, consisting of reprofiling of almost $15 billion energy sector financial obligation. The nations, which share a border, have been longtime allies. Rollovers or dispensations on loans from China have actually assisted Pakistan...

Pakistan this month will ask Chinese power plants running in the country to move to utilizing coal from Pakistan's Thar area rather than imported coal, the power minister said on Sunday. Islamabad might also start talks on re-profiling Pakistan's. energy sector financial obligation during the see to Beijing, Awais Leghari,. head of the energy ministry's Power Department, informed . Leghari will become part of the delegation to discuss structural. reforms to the power sector recommended by the International. Monetary Fund (IMF), which recently settled on a $7 billion. bailout for the greatly indebted South Asian country. Neighbouring China has set...

Frank Duckworth, the pioneering statistician who cocreated the Duckworth Lewis approach embraced in cricket to revise targets in restricted overs video games truncated due to rain, died recently at the age of 84, the Royal Statistical Society (RSS) stated on Tuesday. Duckworth and Tony Lewis produced the well-known technique which was adopted by the International Cricket Council in 1999. It was commonly used in one-day internationals and later on in T20 matches. Fellows will be unfortunate to discover that Frank Duckworth passed away on 21 June 2024, at the age of 84, the RSS stated in a declaration. Frank will...

Pakistan is not likely to purchase melted gas (LNG) cargoes on the spot market until at least the start of winter in November due to oversupply and high rates, its petroleum minister informed . Extreme temperature levels across Asia have pushed nations to look for more freights of LNG to resolve greater power need, driving spot prices to their greatest since mid-December. Asia spot LNG last traded at $12.00 per million British thermal units (mmBtu). on Friday. However, LNG need in the second largest south Asian LNG. purchaser was subordinate to supplies, the minister told ,. despite heatwaves baking the...

The pitches utilized in the T20 World Cup matches played in New york city have not depended on standard and ground personnel are dealing with correcting them for the rest of the competition, the International Cricket Council (ICC) stated on Thursday. The momentary Nassau County International Cricket Stadium has actually hosted 2 games so far, both of which were low-scoring encounters due to the nature of the drop-in pitch which has actually made batting very hard due to the movement and bounce. Fans expecting a run-fest were left dissatisfied when Sri Lanka were bowled out for 77-- their least expensive...

Iranian President Ebrahim Raisi, a. hardliner long viewed as a possible follower to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous surface near the Azerbaijan border, authorities and. state media said on Monday. The helicopter was likewise bring Foreign Minister Hossein. Amirabdollahian and 6 other guests and team, all of whom. died. Here are reactions to the news: SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN: They used acknowledgements to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of...

Iranian President Ebrahim Raisi, a. hardliner long seen as a possible successor to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous surface near the Azerbaijan border, officials and. state media stated on Monday. The helicopter was likewise carrying Foreign Minister Hossein. Amirabdollahian and 6 other travelers and crew, all of whom. perished. Here are responses to the news: SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN They used acknowledgements to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of...

Iranian President Ebrahim Raisi, a. hardliner long seen as a possible follower to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous terrain near the Azerbaijan border, officials and. state media said on Monday. The helicopter was also carrying Foreign Minister Hossein. Amirabdollahian and six other passengers and crew, all of whom. died. Here are responses to the news: SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN They offered condolences to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of...

Iranian President Ebrahim Raisi, a. hardliner long viewed as a prospective follower to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous surface near the Azerbaijan border, authorities and. state media stated on Monday. The helicopter was likewise bring Foreign Minister Hossein. Amirabdollahian and six other guests and crew. Here are reactions to the news: RUSSIAN PRESIDENT VLADIMIR PUTIN IN A MESSAGE: Seyed Ebrahim Raisi was an exceptional political leader whose. entire life was devoted to serving the Motherland. As a true friend of Russia, he made an indispensable. individual contribution to the advancement of great...

Iranian President Ebrahim Raisi, a hardliner and potential successor to Supreme Leader Ayatollah Ali Khamenei, was killed in a helicopter crash in mountainous terrain near the Azerbaijan border, officials and state media said on Monday. The charred wreckage of the helicopter which crashed on Sunday bring Raisi, Foreign Minister Hossein Amirabdollahian and six other travelers and crew was discovered early on Monday after an overnight search in blizzard conditions. President Raisi, the foreign minister and all the guests in the helicopter were killed in the crash, a senior Iranian authorities informed , asking not to be named because of the...

Iran and Pakistan are looking at methods to finish a longdelayed gas pipeline project between the 2 countries, Iran's Consul General to Pakistan, Hassan Nourian, stated on Monday. We see political determination from Pakistan to complete the project, he told press reporters in the southern city of Karachi. The nations signed a contract to construct the pipeline from Iran's South Fars gas field to Pakistan's Balochistan and Sindh provinces in 2010, however work on Pakistan's portion has actually been held up due to fears of U.S. sanctions. The 1,900 kilometre (1,180 mile) pipeline was indicated to supply 750 million to...

Iranian President Ebrahim Raisi's see to Pakistan today put the spotlight on a significant gas pipeline offer in between the 2 neighbours which has actually faced hold-ups due to geopolitical problems and worldwide sanctions. The 2 nations reiterated the significance of cooperation in the energy domain, consisting of sell electrical energy, power transmission lines and the IP Gas Pipeline Project, a joint declaration launched following the conclusion of the see stated. Here are some truths about the task, which is also understood as the Peace Pipeline: - The pipeline offer, checked in 2010, imagined the supply of 750 million to...

China's coal imports from Russia sank 86% in September from the same month a year previously, custom-mades data revealed on Sunday, as sanctions on Moscow continued to weigh. Russia's coal shipments to China last month were 1.3 million metric loads, according to the General Administration of Customs. That was likewise below 8.7 million loads in August. Russian Prime Minister Mikhail Mishustin told Chinese Premier Li Qiang on Wednesday that the bilateral energy collaboration was detailed and had actually acquired a tactical character, discussing coal in addition to oil, gas and nuclear. But Russian companies have faced even greater obstacles to...

Pakistan has actually initiated talks on reprofiling its power sector debt to China, alongside talks on structural reforms recommended by the International Monetary Fund, Pakistan's finance minister informed a press conference on Sunday. He said that Pakistan will attend to the reprofiling of Chinese credit to the power sector on a project-by-project basis which Islamabad is seeking to select a local consultant in China for the purpose. The financing minister stressed that it is reprofiling and not restructuring of financial obligation because there is no question of cutting the quantity it owes. Reprofiling is usually comprehended to involve a predetermined...

Pakistan's Financing Minister Muhammad Aurangzeb showed up in Beijing on Thursday for talks on power sector debt relief along with structural reforms suggested by the International Monetary Fund, 2 federal government sources said. He held a conference with his Chinese equivalent in Beijing, they said, and is leading a delegation, in addition to Power Minister Awais Leghari, that will talk about several propositions, including reprofiling nearly $15 billion in energy sector financial obligation. As the conference advanced, Pakistan's bonds slid lower, with the 2036 maturity down 1.73 cents to bid at 73.05 cents on the dollar by 1415 GMT, according...

Pakistan this month will ask Chinese power plants operating in the country to move to utilizing coal from Pakistan's Thar area rather than imported coal, the power minister stated on Sunday. Islamabad might also start talks on re-profiling Pakistan's. energy sector debt during the visit to Beijing, Awais Leghari,. head of the energy ministry's Power Department, told . Leghari will be part of the delegation to go over structural. reforms to the power sector suggested by the International. Monetary Fund (IMF), which recently agreed on a $7 billion. bailout for the greatly indebted South Asian nation. Neighbouring China has actually...

The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Thursday: ** Commodities group Glencore is studying an method for Anglo American, two sources stated, a. advancement that could stimulate a bidding war for the 107-year old. mining business. ** U.S. personal equity firm Bain Capital is taking a look at. purchasing some essential assets of French tech and software application company Atos. , reported French paper Les Echos on its site,. pointing out sources. ** Pakistan will press back the deadline for business to. express interest in purchasing nationwide carrier Pakistan. International Airlines to May 18,...

The Baltic Exchange's dry bulk sea freight index extended declines on Tuesday and touched its lowest level in a week, harmed by a slide in capesize vessel rates. * The general index, which consider rates for capesize, panamax and supramax shipping vessels, fell by 78 points, or 4.1%, to 1,804 points, its most affordable level because April 16. * The capesize index shed 244 points, or about 9%,. to 2,458, marking its worst day considering that April 2. * Average day-to-day profits for capesize vessels,. which typically carries 150,000-ton freights such as iron ore. and coal, decreased by $2,021 to...

The Baltic Exchange's dry bulk sea freight index rose to a oneweek high up on Thursday, assisted by greater rates for the capesize and panamax vessel segments. * The total index, which consider rates for capesize, panamax and supramax shipping vessels, rose by 103 points, or 6.5%, to 1,690 points. * The capesize index gained 273 points, or 12.4%, to 2,475, hitting it greatest level since March 28. * Average daily profits for capesize vessels, which typically transfers 150,000-ton cargoes such as iron ore and coal, increased by $2,257 to $20,523. * We see a moderate level of volumes from...

The Baltic Exchange's main sea freight index fell to over a threeweek short on Monday, weighed down by weakness in the capesize and panamax vessel segments. * The general index, which factors in rates for capesize, panamax and supramax shipping vessels, succumbed to the fifth straight session by 73 points, or 3.3%, to 2,123 points. * The capesize index lost 187 points, or 5.4%, at 3,295, its least expensive level because Feb. 27. * Average everyday earnings for capesize vessels, which usually carries 150,000-ton freights such as iron ore and coal, reduced by $1,150 to $27,325. * Iron ore futures...

The Baltic Exchange's main sea freight index fell on Friday and snapped a sixweeklong winning streak, weighed down by a dip in rates for the larger capesize and panamax vessel sections. * The overall index, which consider rates for panamax, capesize and supramax shipping vessels, fell 44 points, or about 2%, to 2,196 points. * The index declined by 7.8% for the week, snapping a streak of six straight weekly gains. * The capesize index lost 106 points, or about 3%,. at 3,482. It slipped 14.3% for the week. * Average daily incomes for capesize vessels,. which generally transport 150,000-ton...

Pakistan's. Liberty Power Holding, which today signed a deal to purchase the. thermal energy assets of the nation's largest conglomerate for. $ 125 million, is relying on its coal reserves and reforms laid. out by the IMF for its financial investment to pay off. Liberty Power participated in an agreement with a subsidiary of. corporation Engro Corp to buy all its thermal. possessions, including Pakistan's leading coal producer, Sindh Engro. Coal Mining Company. The deal is amongst the biggest in current times in Pakistan's. power sector, which has actually remained in crisis for many years due to. debts and chronic...

The Baltic Exchange's primary dry bulk sea freight index rose on Wednesday, helped by rising rates across all vessel sectors with capesize striking its highest level in over 3 weeks. * The total index, which factors in rates for panamax, capesize and supramax shipping vessels, increased by 65 points, or 3.7%, to 1,844 points. * The capesize index acquired 129 points, or 4.9%, to 2,760, its greatest level given that March 26. * Typical daily profits for capesize vessels, which generally transports 150,000-ton cargoes such as iron ore and coal, increased by $1,074 to $22,893. * Iron ore futures fell,...

The Baltic Exchange's dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, firmed on Monday, helped by rising capesize and panamax vessel rates. * The overall index, which factors in rates for panamax, supramax and capesize shipping vessels, was up 35 points or 1.4% to 2,377 points, its highest level in almost 3 months. * The capesize index gained 69 points, or 1.6%, to 4,314, its greatest considering that Dec. 12. * Typical day-to-day incomes for capesize vessels, which generally carries 150,000-ton freights such as iron ore and coal, increased by $579 to $35,780. * Iron...