Finance Division denies link between deceased Chinese engineers, IPP talks

News Image

MG News | October 09, 2024 at 01:17 PM GMT+05:00

0:00

October 09, 2024 (MLN): The Finance Division has clarified news media reports linking the two deceased Chinese engineers killed in an explosion in Karachi, to the ongoing IPP talks. 

In an official statement, the Finance Division clarified that while the government has been in discussions with various IPPs, including the power plant where the engineers were employed, the deceased were not involved in these negotiations.

The statement emphasized that any claims linking the engineers' deaths to the IPP talks are misleading and without merit.

"However, the deceased engineers were not involved in the IPP talks," it reads. 

Hence, any impression created to this effect by media reports is misleading and has no basis, it added.

This clarification came in response to widespread media speculation wherein it was reported that Chinese engineers killed in a recent suicide attack in Karachi were part of ongoing energy debt restructuring negotiations with the Pakistani government.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 187,832.08
767.51M
0.50%
931.34
ALLSHR 112,851.69
1,193.66M
0.62%
697.08
KSE30 57,539.97
102.71M
0.43%
247.84
KMI30 265,288.04
70.28M
0.22%
591.63
KMIALLSHR 72,445.67
875.56M
0.46%
332.73
BKTi 55,119.30
60.64M
1.38%
752.01
OGTi 38,641.51
5.08M
-0.37%
-142.27
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,955.00 64,940.00
62,830.00
-840.00
-1.32%
BRENT CRUDE 67.32 68.95
66.89
-2.14
-3.08%
RICHARDS BAY COAL MONTHLY 90.00 0.00
0.00
-3.80
-4.05%
ROTTERDAM COAL MONTHLY 100.75 100.75
100.20
1.45
1.46%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 62.83 63.14
62.69
-0.46
-0.73%
SUGAR #11 WORLD 14.27 14.44
14.20
-0.17
-1.18%

Chart of the Day


Latest News
February 05, 2026 at 11:13 PM GMT+05:00

China gold trader’s $300m silver short pays off


February 05, 2026 at 10:28 PM GMT+05:00

Carbon cuts gather pace across global property assets: Savills


February 05, 2026 at 09:45 PM GMT+05:00

ECB keeps rates unchanged, targets 2% inflation


February 04, 2026 at 06:57 PM GMT+05:00

Pakistan gears up for third IMF review


February 04, 2026 at 06:43 PM GMT+05:00

SBP raises over Rs800bn through MTBs auction



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg