Punjab Board of Investment and Trade (PBIT) Grace Refinery to Invest USD 5 Billion in Petrochemical Sectors
The Punjab Board of Investment and Trade (PBIT) has signed a Memorandum of Understanding (MoU) with Grace Refinery, an international petrochemical company, for $5 billion investment in Punjab. The signing of the MoU was took place here at PBIT headquarters by end July. PBIT Chief Executive Officer (CEO) Amena Cheema and Grace Refinery CEO Uzma […]
Mari Petroleum to set up 400MW gas-fired power plant
MPCL Managing Director, Lt Gen Nadeem Ahmed (Retd) revealed that Mari Petroleum Company Limited (MPCL) is going to establish a 400 megawatt (MW) power plant at Dharki/Sadiqabad. Mari Petroleum is the country’s leading gas producer which’s 40 percent shareholding rests with Fauji Foundation of Pakistan Army, 20 percent with Oil and Gas Development Company (OGDC), […]
$1.6bn Circular Railway Project: KP and Chinese Company signs MoU
The China Communication and Construction Company Ltd and the provincial government of Khyber Pakhtunkhwa agreed to a 1.6 billion dollars Circular Railway Project, Inter Linking Peshawar, Nowshera, Mardan Charsadda with future expansion to Swabi and a speedy service from Peshawar to Islamabad here at Chief Minister’s Secretariat Peshawar. China Communication and Construction Company Ltd is […]
KPK:Another micro hydel power project inaugurated
KP Chief Minister Pervez Khattak has inaugurated 150 kilowatt Lalko micro hydel power project in Matta, district Swat. On this occasion, the CM also directed the acceleration of the pace of work on 356 micro hydel power projects to arrest energy crisis in the province. The provincial government in this connection has completed 81 MW […]
Groundbreaking of Khalifa coastal oil refinery expected this year
The government has given a task to Pakistan Arab Refinery Company (PARCO) to complete the much delayed multi-billion-dollar Khalifa Coastal Oil Refinery project as a significant move to achieve self-reliance in the oil production sector. “PARCO has been given the task to complete the project having capacity to refine 250,000 barrels oil per day – […]
China Pakistan Economic Corridor:
About 8,000 Chinese presently working on 210 projects: PCJCCI About 8,000 Chinese were presently working on 210 projects in Pakistan while 7,000 additional workers were expected to execute multi-billion projects along the proposed routes under the China-Pakistan Economic Corridor (CPEC) according to Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi. The […]
Pro-Kalabagh Dam Wapda chief resigns
A strong advocate for construction of highly controversial Kalabagh Dam project, Chairman, Water and Power Development Authority (Wapda) Zafar Mehmood has resigned just six days after he held a meeting with Prime Minister Nawaz Sharif on the reasons for the delays in implementation of hydropower projects. Zafar Mehmood became controversial after writing a series of […]
ABAD planning low-cost housing projects in Punjab
Governer Punjab, while speaking at a meeting organised at ABAD house has shown interest to facilitate the Association of Builders and Developers of Pakistan (ABAD) to initiate low cost housing projects in Punjab. Malik Muhammad Rafique Rajwana while appreciating the role of ABAD asked the bearers to send him the proposal of low cost housing […]