CPEC: FPCCI urges protection of local industries
Abdul Rauf Alam, President Federation of Pakistan Chambers of Commerce and Industries (FPCCI) has urged the federal government to evolve mechanism and involve private sector in formation of a policy to protect local industries and investors from foreign giant businessmen under China-Pakistan Economic Corridor. He said that the FPCCI also proposed the government to give […]
Chinese Construction Co to invest heavily in KP
Largest China National Estate Construction Company has shown interest in investment of US$115 billion in Khyber Pakhtunkhwa. This was revealed by Chief Executive Officer (CEO), Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC), Mohsin Syed while briefing to Provincial Minister for Law and Parliamentary Affairs, Imtiaz Shahid Qureshi. The minister was given briefing in […]
Beijing will fund 4,000MW transmission line
The latest in a series of Chinese investments in its South Asian neighbor, State Grid of China will help build a 4,000 MW power transmission line in Pakistan in a project valued at $1.5 billion. The high-capacity transmission line will link Matiari town in the south, near a new power station, to Lahore city in […]
Cement industry plans to increase production
Encouraged by consistent domestic demand and government’s thrust on sizable infrastructure projects, the cement industry has planned to increase its capacity by 26.25 million tons to ensure smooth growth of the economy. The All Pakistan Cement Manufacturers Association (APCMA) Chairman said this while reviewing the six months performance of the industry. He said the industry […]
CDWP approves 18 projects
Central Development Working Party (CDWP) has approved as many as 18 development projects at an estimated cost of Rs154 billion for various sectors including energy, transmission lines, higher education and information technology. The CDWP recommended seven out of 18 projects at the cost Rs134 billion to the Executive Committee of the National Economic Council (ECNEC) […]
Small and medium dams
20 sites being located in Balochistan The feasibility study has been started throughout Balochistan province for identification of 20 sites for construction of small and medium dams. Sources in the Finance Ministry stated that Asian Development Bank (ADB) is providing technical assistance to the Balochistan province for feasibility study of water resources development projects in […]