FPCCI & PBIT Inks MoU
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Punjab Board of Investment & Trade (PBIT) inked a Memorandum of Understanding on 19th Dec2016 to pledge a closer working relationship between the two institutions and for the promotion of trade activities. The Memorandum of Understanding was signed on behalf of the FPCCI, Regional Chairman and […]
PSDC sign MoU with Italians to promote
The Italian Development Committee has signed a memorandum of understanding (MoU) with Pakistan Stone Development Company (PSDC) in the presence of Italian Consul in Karachi, Gianluca Rubagotti. The objective of the MoU is to ensure that the two entities shall work to promote economic and commercial ties between Pakistan and Italy in marble sector. The […]
Thar coal reserves enough for decades
World’s 7th largest Thar coal reserves are set to meet growing energy demands of country as coal mining and power plant projects have entered construction phase and the first phase would be completed by June 2019. According to Sindh Engro Coal Mining Company (SECMC) which works in collaboration with the Sindh government and is the […]
Shanghai Electric will invest $9bn for KE upgrades
Just months after the multinational revealed it was buying a Pakistan power company. China’s Shanghai Electric planned to spend $9 billion overhauling electricity infrastructure in Karachi. In a presentation made to Pakistani authorities, Shanghai Electric said it would invest an average of $700 million a year until 2030 to increase capacity, improve cabling and target […]
Orange Line Metro Project
Experts are against Nespak report Submitting a report before the Supreme Court, The technical experts completely differed from the findings of NESPAK about construction of Orange Line Metro Project, Lahore through submitting a report before the Supreme court. A 5-member bench led by Chief Justice Anwar Zaheer Jamali had constituted a commission of technical experts […]
Okara receives first commercial-size biogas plant
Pakistan’s first commercial-size biogas plant at the government-owned Bahadurnagar Farm in Okara is inaugurated by the United States Consul General Yuriy Fedkiw. The Minister for Livestock and Dairy Development Department, Punjab Asif Saeed Manais was also present on the occasion. Singers and dancers also joined the ceremony bringing a bit of glamour to biogas technology. […]
Transmission system facing problems because of environmental changes
Managing Director National Transmission and Despatch Company Dr Fiaz Ahmad Chaudhary told that the rising environmental challenges were posing threat to the power transmission system, designed decades ago by not keeping in mind the pollution level which the country was facing at present. He addressed a press conference at WAPDA House, Lahore. Punjab’s capital and other […]
Competition-based electricity market is the target: NEPRA
Director Consumers Affairs, NTDC, Engineer Imtiaz Hussain Baloch, while addressing at a meeting of local industrialists and businessmen in Faisalabad Chamber of Commerce and Industry (FCCI) has said that National Electric Power Regulatory Authority (NEPRA) is trying to promote a competition-based electricity market in Pakistan enabling consumers to purchase electricity from the company of their […]
Makori gas plant in Khyber Pakhtunkhwa inaugurated
The Giant Makori Gas Processing Plant at Karak that would help play vital role in development of oil and gas industry in Pakistan is inaugurated by Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi. The plant would produce 305 MMSCFD of natural gas, 520 metric tons per day LPG and 25000 barrels per […]
84MW hydro power project started at Kalam
Work on 84MW Gorkeen Mataltaan Hydro Power Project at Kalam, district Swat is inaugurated by Chief Minister Khyber Pakhtunkhwa Pervez Khattak. The project would be completed at a cost of Rs.20 billion in a period of 4 years and would generate a revenue of one and half billion in a year. Chairman PTI Imran Khan, […]
Pakistani stance changed to mediation
Instead of Court of Arbitration (CoA), a stance earlier proudly claimed by the Ministry of Water and Power, Pakistan has reportedly agreed on the resolution of a dispute on 330 MW Kishanganga and 850 MW Ratle hydroelectric projects through “mediation”. A Pakistani delegation headed by Secretary Water and Power Younus Dagha recently visited Washington and […]
Karachi circular railway and Keti Bandar
Prime minister has directed Ministry of Planning, Development and that Karachi Circular Railways and Keti Bandar Port projects must be taken up in the next Joint Cooperation Committee (JCC) with the Chinese for their inclusion in the China-Pakistan Economic Corridor (CPEC). While chairing a meeting to review progress on different projects of the CPEC, the […]