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Second US crude oil cargo arrives | The Express Tribune

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Second US crude oil cargo arrives | The Express Tribune


Private sector-led initiative strengthens energy infrastructure, signals renewed investment under SIFC reforms


ISLAMABAD:

The second US crude cargo has landed in Pakistan, opening a new area of cooperation between Pakistan and the United States (US).

Pakistan has traditionally imported oil from the Middle East, with Saudi Arabia being the largest crude oil exporter to the country. The arrival of the second US crude oil cargo at Cnergyico’s Single Point Mooring (SPM) marks another milestone in Pakistan’s energy and industrial journey.

Commissioned in 2012 with an investment of $120 million, the SPM was an ambitious project that initially faced scepticism from many industry observers, particularly within the public sector. Since its commissioning, over 150 million barrels of crude oil have been imported through Cnergyico’s SPM. It remains Pakistan’s only facility capable of receiving large vessels such as Suezmax and VLCC tankers.

The second ship carrying US crude oil was berthed at the SPM on Wednesday.

When the United States imposed global tariffs, Pakistan faced a pressing challenge of a trade imbalance exceeding $3 billion. The government sought to address this by boosting exports and exploring opportunities for energy imports. While the US administration extended relatively low tariff rates for Pakistan, the burden to balance trade still fell largely on the private sector.

Pakistani exporters responded by expanding market reach, while energy imports, an essential component of trade realignment, were spearheaded by private enterprises.

“Cnergyico’s initiative to independently import US crude oil is a case in point, demonstrating that national resilience often begins with private enterprise rather than bureaucracy,” industry officials say.

In recent years, Pakistan’s refining industry has faced uncertainty, particularly around the brownfield refinery policy. This policy vacuum created operational and investment hurdles for local refineries. The establishment of the Special Investment Facilitation Council (SIFC) changed that dynamic by introducing coordination, policy clarity, and a focus on removing bureaucratic bottlenecks.

Recognising refineries as strategic national assets, the SIFC, along with the current Minister for Petroleum, took concrete steps to stabilise and support the sector. This proactive approach has been critical, especially amid regional tensions and shifting global energy dynamics.

The refinery upgrade initiative will not only save foreign exchange but also bring investment of over $6 billion into the sector.

“From Cnergyico’s SPM to exporters, manufacturers, and IT firms, private enterprises are expanding capacity, replacing imports, and earning foreign exchange despite institutions like the FBR and other regulators treating them with hostility,” said an industry official. “Despite challenges, the private sector remains the true engine of national progress.”



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Strategic sovereignty a guiding imperative in reshaping global economy, say CEOs – The Times of India

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Strategic sovereignty a guiding imperative in reshaping global economy, say CEOs – The Times of India


NEW DELHI: In a rapidly reshaping global economy, strategic sovereignty has emerged as a guiding imperative, as nations navigate global supply chains while safeguarding critical capabilities in an increasingly fragmented world, global business leaders said. During a panel discussion, KPMG India CEO Yezdi Nagporewalla, global leaders across new age economy, technology and defence, financial inclusion, and consumer sectors, discussed the challenges and opportunities of operating in a fragmented global economy.Highlighting the core of strategic sovereignty in a world of global supply chains, General Atomics Global Corporation CEO Vivek Lall, chief executive of, said, “It is about reducing vulnerability to geopolitical choke points, whether in energy, technology, manufacturing, logistics, or data. Strengthening domestic capabilities while building trusted international partnerships is critical, and it is equally important to develop resilience against any potential choke points. As the global community moves forward, the underlying theme is going to be human resource training and human resource knowledge, capabilities. This is often underemphasized, but at the root of strategic sovereignty is a strong focus on human resource development.”Talking about how strategic sovereignty is reshaping the flow of global capital, Kishore Moorjani CEO – Alternatives, Private Funds CapitaLand Investment said, “Perhaps there’s no better place to see that in action than in India. When the country began liberalising over 30 years ago, it was hungry for capital and attracted significant foreign institutional investment. While FII capital is important, it can be fickle. Today, the situation has reversed: capital is chasing India… We respect the sovereignty of the markets we operate in and align our investments accordingly. We come to build India, not just trade.”Discussing the role of financial institutions in building national resilience, Mary Ellen Iskenderian, president & CEO of Women’s World Banking, said, “True economic resilience depends on inclusive access to savings, credit, insurance, and digital payments. Financial inclusion strengthens households and communities, particularly in the face of climate shocks and economic volatility, reinforcing national stability from the ground up.On the question of how consumer brands maintain core identity while navigating local cultures, regulations, and consumer expectations, Mike Jatania, CEO and chairman The Body Shop & co-founder of Aurea, said: “For brands operating across borders, maintaining identity while respecting national priorities is essential. If your brand has a clear purpose and core values, it can adapt locally without losing its identity. Purpose, transparency, and trust are economic currency.”



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Video: How ICE Is Pushing Tech Companies to Identify Protesters

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Video: How ICE Is Pushing Tech Companies to Identify Protesters


new video loaded: How ICE Is Pushing Tech Companies to Identify Protesters

The DHS is flooding social media companies with administrative subpoenas to identify accounts that are protesting ICE. Social media companies have pushed back but are largely complying. Our tech reporter, Sheera Frenkel, explains.

By Sheera Frenkel, Christina Thornell, Valentina Caval, Thomas Vollkommer, Jon Hazell and June Kim

February 14, 2026



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52 reforms in 52 weeks: Ashwini Vaishnaw outlines massive railway overhaul for 2026

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52 reforms in 52 weeks: Ashwini Vaishnaw outlines massive railway overhaul for 2026


Indian Railways has reached a global milestone in freight operations, securing its position as a premier international logistics hub. Union Minister for Railways, Ashwini Vaishnaw, announced today that the national carrier has achieved an unprecedented scale in its logistics division. Highlighting this achievement, the Minister stated, “Indian Railways has become the second-largest cargo carrier in the world.”

Building on this momentum, the Ministry has prepared a rigorous roadmap for the upcoming year aimed at systemic transformation. The government plans to roll out a series of weekly initiatives to modernise every facet of rail travel and transport. Vaishnaw explained the structured timeline, saying, “For 2026, Railways has resolved to implement 52 reforms in 52 weeks.”

The initial phase of this plan will prioritise the passenger experience, with a focus on improving the quality of onboard facilities. The Minister identified the primary starting point for this year-long agenda, noting, “The first reform is better onboard services in Railways.”

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In addition to passenger amenities, the government is placing strong emphasis on the “Gati Shakti” initiative to streamline the nationwide movement of goods. This strategic focus is designed to strengthen the country’s supply chain. Vaishnaw confirmed the freight sector’s priority, adding, “The second concerns ‘Gati Shakti Cargo.’”

A cornerstone of the 2026 agenda is a comprehensive overhaul of sanitation and hygiene standards. The Ministry has developed a new blueprint to ensure that the rail network’s cleanliness meets global benchmarks. Detailing the specifics of the first major initiative, the Minister remarked, “Reform number one for 2026 will ensure proper end-to-end cleaning of the Railways… The concept of a clean rail station has been established.”

This cleanliness drive is not a short-term measure but a multi-year commitment to cover the entire Indian Railways fleet. The implementation will be phased to ensure thoroughness and consistency. Vaishnaw clarified the timeline, stating, “Over three years, this reform will be implemented across all trains.”

To ensure the success of these reforms, the Ministry is introducing a robust accountability framework. These measures will include performance-based contracts and the integration of modern digital tools to monitor progress in real time. Emphasising the shift towards professional and technology-driven management, the Minister concluded, “There will be clearly defined service-level agreements… There will be extensive use of technology.”



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