NASA Believes it Can Make Rocket Fuel from Martian Soil

BE2C2 Report (Nov 2, 2018): Though scientists are planning to travel to Mars, enough rocket fuel to make a return trip still stands as a major hurdle. However, scientists now believe they can make rocket fuel from Martian soil. In a new study published in IEEE Spectrum, NASA team lead Kurt Leucht wrote about how […]

Saudi Aramco to Go for IPO After Building Up Value-Added Downstream Assets Worldwide

BE2C2 Report (Oct 31, 2018): Saudi Arabia would likely carry out an initial public offering for Saudi Aramco in 2021 after it builds up some downstream assets including petrochemical production locally and globally, Khalid Al-Falih, the country’s energy minister, said. “If you look at the downstream of Aramco it is significant, but is not at […]

‘Halal Coins Only’: First Islamic Cryptocurrency Exchange Being Launched

BE2C2 Report; Oct 30, 2018: UAE based ADAB Solutions is planning to launch the First Islamic Crypto Exchange (FICE) which will be operating “according to the principles of Shariah law.” The company said it is expecting to reach $146 million daily trading and $4.4 billion monthly turnover by 2020. The Shariah compliant crypto project hasn’t […]

China’s Grand Plan At Work To Bypass Strait of Malacca, South China Sea For Oil and Trade

IRSHAD SALIM; Oct 29, 2018: On September 9, Beijing signed a memorandum of understanding (MOU) with Myanmar’s government to establish the China-Myanmar Economic Corridor (CMEC) under its ambitious Belt and Road initiative (BRI) whose flagship project underway in Pakistan is called the the China-Pakistan Economic Corridor (CPEC). Both projects which are being led from the […]

Sense and Sensibility Behind PM Khan’s Trip to Saudi Arabia, China

IRSHAD SALIM; Oct 25, 2018: Prime Minister Imran Khan aims inclusion of his ‘Naya Pakistan’ grand housing  initiative in the China Pakistan Economic Corridor (CPEC) framework, and build five million affordable homes for the middle and low-income during the next five years,  a task that seems doable to some and impossible to others. If PM […]

Russia Aims to Double Its Global LNG Market Share By 2025

ISLAMABAD; Oct 25, 2018: Russia seeks to double its liquefied natural gas (LNG) export market share in less than a decade. While Russia tops the list of countries having huge natural gas reserves, it produced less LNG than what the United States did in 2016. Also, Russia’s share in the LNG global export market was about […]

Rupee Improves Against US Dollar, Stocks Jump to Almost 1600 Points

ISLAMABAD; Oct 23, 2018 (Updated): The US dollar showed downward trend by Rs1.92 against Pakistani rupee in interbank market on Wednesday. Due to decline in US dollar rate, it is being traded at Rs132 — the buying price is Rs131, whereas it is being sold at Rs133. The turn down in US dollar rate has […]

French Companies Keen to Participate in Subsequent Phases of CPEC

ISLAMABAD, Oct 20, 2018: France is prepared to invest in subsequent phases of the China Pakistan Economic Corridor (CPEC), provided balance and transparency is assured, says its ambassador to Pakistan. Chairman, Senate standing committee on defense production, Sen. Lt Gen Abdul Qayyum, said on Friday, Pakistan appreciates and welcomes France’s desire and endeavors to increase […]

Is Abraaj’s Arif Naqvi The Fall Guy For Sino-Pakistan Relations?

NICHOLAS WALLER: Abraaj was once a trailblazing private equity fund, the largest in the world operating in emerging markets. Its staggering trajectory was unprecedented in a sector that, until then, was dominated by large incumbent players such as Blackstone, Carlyle and KKR. In its early days, the firm’s funds under management growth occurred at rates […]

Saudi Aramco to Acquire Stake in Chinese Petrochemical Refinery

OCT 18, 2018: Saudi Aramco signed on Thursday an agreement to invest in a 400,000-bpd refinery and associated petrochemical plants in eastern China as part of Saudi Arabia’s push to expand its downstream business and secure additional markets for its oil. The Saudi state oil giant signed a memorandum of understanding with the Zhejiang province […]

Pakistan Economy: Debt, Chaos Order and Bailout

PKonweb Report (Oct 13, 2018): On Thursday, the PTI-led government formally began the process of seeking an I.M.F. bailout worth up to $12 billion amid reports that the country’s financing gap may be as high as $20 billion which could be met by loans from China, Saudi Arabia and the UAE. Talking to reporters in […]

Sale Of Toxic, Contaminated Milk In Islamabad and Beyond: Major Challenge For ‘Naya Pakistan’

“Also the quality of water that is mixed in the milk is dubious. They obviously don’t add filtered water in the milk. This is a recipe for death” IRSHAD SALIM (Oct 12, 2018): Consider this: Despite the country being third largest milk producer in the world, Pakistanis pay less for petrol (our largest import) than […]

Nature-Based Solutions In Tandem With Grey Concrete Dams

Grey infrastructure may no longer provide their envisioned benefits because hydrological parameters and patterns are changing VLADIMIR SMAKHTIN: Almost every day we hear news about catastrophic flooding or drought somewhere in the world. And many nations and regions are on track for even more extreme water problems within a generation, the latest IPCC report warns. […]

PEC Offers Construction of Diamer Basha Dam for Rs500 Billion

OCT 11, 2018 (BE2C2 Report): Pakistan Engineering Council (PEC) Chairman Javed Saleem Qureshi on Thursday offered his institution’s services for the construction of Diamer Basha Dam with an approximate cost of Rs500 billion. The offer was made by PEC chairman while talking to media in Islamabad amid reports that the Water and Power Development Authority […]

Gwadar Free Zone Receives $474m Investment

OCT 11, 2018: At least 30 companies in different businesses such as hotel, bank, logistics and fish processing have entered the free economic zone of Gwadar port city with direct investment of about $474 million with expectations of generating $790 million after full operation, said Gwadar Port Authority chairman Dostain Khan Jamaldini. “The first phase […]

Supreme Court Orders Probe Into Failure of Samar Mubarakmand’s Thar Coal Project

OCT 11, 2018: The Supreme Court on Thursday ordered a probe into the failure of Thar coal power project initiated by Dr Samar Mubarakmand. Defending his position, Mubarakmand said the underground gasification and power project was under the provincial government and began receiving funding from the federal government in 2012. By 2015, despite spending more […]

ADB Set to Provide Pakistan $7.1Bn for Inclusive Growth

OCT 7, 2018: The Asian Development Bank (ADB) will provide Pakistan $7.1bn in financing to help the country achieve inclusive and sustainable growth over the next three years, its senior official said. “ADB plans to significantly increase the country’s sovereign operations to $7.1bn over 3 years,” Wencai Zhang, vice president of the Manila-based lender said […]

Trump, Oil Barometers Rising As Iran Sanction Nears

The Saudi government is said to be taking this seriously — they recently hired a lobbyist in Washington D.C. to fight the bill; and Kuwait has not exported crude oil to the United States in four weeks. OCT 3, 2018 (BE2C2 Report): Crude oil prices reached levels not seen in four years Wednesday, with Brent prices […]

Money Whitening Scheme on Property Purchases Documents Black Money Worth $1.9 Billion

SEP 25, 2018: A money whitening scheme allowed on property purchase has documented black money worth Rs230 billion (US$1.9 billion) till end of the last fiscal year ending June 30, 2018. The money has been whitened during December 2016 through June 2018. The government on December 02, 2016 through amendment by inserting a new section […]

Saudi Arabia to Become Partner in CPEC, PM Imran Offers Same to UAE

SEP 20, 2018 (BE2C2): Minister for Information and Broadcasting Chaudhry Fawad Hussain on Thursday said Saudi Arabia would be the third partner in China Pakistan Economic Corridor (CPEC) and invest in projects in Pakistan. Addressing a press conference in capital Islamabad, he said Pakistan had invited Saudi Arabia to join CPEC and both the countries […]