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Articles for tag: coal mining, energy security, imported fuel, power generation, rail link, SECMC, Sindh, Thar Coal

February 17, 2024

News Desk

Bonds rally according to Goldman Sachs forecasts

KARACHI: Responding to Goldman Sachs’ forecast of a recovery in Pakistan’s US dollar eurobond, the top foreign bond maturing in April 2024 and others maintained an uptrend for the second consecutive business day on Friday. This marks a partial recovery from the roughly 5% drop following the post-election shakeup. In a story titled “Goldman Sachs sees end to Pakistan bond sell-off on IMF outlook”, Bloomberg reported on Thursday that “Goldman Sachs Group Inc says Pakistan’s dollar-denominated bonds will recover, overcoming a breakout electoral mandate, as the leaders of the emerging coalition understand the severity of the economic crisis and we

Syed Abul Fazal Rizvi, CEO of SECMC resigns due to personal issues

MITHI: Syed Abul Fazal Rizvi, the chief executive officer (CEO) of Sindh Engro Coal Mining Company on Tuesday tendered his resignation citing personal engagements. Mr Mohsin Babbar, the spokesperson of the mining firm, in a brief press statement issued to the local media persons, said that Mr Rizvi tendered his resignation due to his personal pressing engagements which was accepted by the high-ups of the company. “The replacement of the outgoing CEO is likely within the next few days” he added. Mr Rizvi in an interview with a private TV channel said that he had resigned from his post due

IUCN, SECMC & Baanhn Beli celebrate International Vulture Awareness Day in hilly town of Nagarparkar

MITHI: Baanhn Beli with the support of Sindh Engro Coal Mining Company (SECMC) celebrated the “International Vultures Day” on September 4, in Nagarparkar town as part of the ongoing vulture conservation project which focuses on bringing back vultures to this indigenous hotspot of vultures. This day was celebrated at Baanhn Beli office Nagarparkar, Tharparkar and the event was attended by several hundred people from different walks of life including women from different areas. Speaking on the occasion Ms Afia Salam The president of Baanhn Beli gave an overview of the day and observed that ‘vultures played a significant role in

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