Saudi company Manara Minerals set to acquire stake in Pakistan’s Reko Diq project (report) Blogging Sole

Saudi company Manara Minerals set to acquire stake in Pakistan’s Reko Diq project (report)

 Blogging Sole

An image of the Tethyan Copper Company (TCC) gold and copper mining exploration project site in Reko Diq, Balochistan. -TCC Manara is preparing to buy a stake for around $500 million to $1 billion: FT. A Saudi investment would be good for the project: the head of Barrick. The Saudi Minister of Mines confirms that … Read more

Lahore Zoo contract awarded to private company for Rs 500 million Blogging Sole

Lahore Zoo contract awarded to private company for Rs 500 million

 Blogging Sole

Listen to the article The Lahore Zoo has been privatized, with a contract awarded to a private company for Rs 500 million, covering parking, entry tickets and various other services. The Punjab Wildlife Department achieved significant success in the auction of zoo services, surpassing the reserve price of Rs 320 million by Rs 180 million. … Read more

Kuwaiti oil company seeks exit from Pakistan, sells key assets Blogging Sole

Kuwaiti oil company seeks exit from Pakistan, sells key assets

 Blogging Sole

A unit of the Kuwait Petroleum Corporation. — AFP/File KUFPEC will “recover its investments” by selling assets. The company’s decision has raised serious concerns among policymakers. PEL also confirms having made advance payments to KUFPEC. ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has started the process of exiting Pakistan’s oil and gas sector by selling … Read more