Lowari Tunnel Project Inaugurated
Prime Minister Nawaz Sharif inaugurated the long-awaited Lowari Tunnel completed with Rs 27 billion against the initial cost of Rs 7 billion. In 2015, the government approved additional funds for a revised PC-I of the Lowari Tunnel, and indicated that it would be completed by October 2017 at an estimated cost of Rs 27 billion […]
Turkish firm building two solar plants in Pakistan
According to the Turkish media, Turkey’s Zorlu Energy Electricity Generation Company announced that they have received approval for building two solar power plants in Pakistan. The development came after the necessary pre-licenses were provided to the company. The power plants will each have a 100 megawatts capacity and will be developed through the subsidiaries of […]
Total signs major gas deal with Iran
French energy giant Total defied US pressure by signing a multi-billion-dollar gas deal with Iran, the first by a European firm in more than a decade. Total will invest an initial $1 billion (880 million euros) in the South Pars offshore gas field as part of a consortium with Chinese and Iranian firms. The 20-year […]
Solar panels exempted from duties
The Federal Board of Revenue (FBR) has exempted solar panels from all duties and taxes by declaring them status of ‘non-manufactured locally’ till June 30, 2018. The FBR has issued customs general order (CGO) 4 of 2017. According to the CGO, the photovoltaic modules (solar panels) (PCT heading 8541.4000) with or without the related components, […]
SMEDA Chief visits Firetech Enterprises
Mr. Hussain Jawed Raja, Provincial Chief, Small and medium Enterprises development Authority (SMEDA) visited Firetech’s office to develop mutual interest affairs. The visit was also intended to discuss training programs and services offered by SMEDA to the people of various professions. Firetech’s Chief, Mr. Abdul Hameed Sheikh highlighted the basic need to create awareness for […]
NHA okays many projects
National Highway Authority (NHA) has approved widening and upgrading of Jaglot – Skardu road, estimated cost Rs31 billion. Approval was granted during a recent NHA Executive Board meeting. 164km road would be completed in three years. The route would be improved and widened and sharp curves smoothened to reduce time and making travelling safer. The […]
Pehur Canal: ADB lends $86.4m
ISLAMABAD: Government and Asian Development Bank signed a $86.41 million loan for extending Pehur High Level Canal Project in Swabi and Nowshehra districts to become part of Indus basin irrigation system. It will develop a new irrigated area of 8,727 hectares in Swabi and Nowshehra districts. These areas currently depend on rainfall for agriculture. The […]
K-E planned 900MW BQPS-III power project
K-Electric, through a press release, unveils plan for the development of a 900 MW power project that will significantly increase generation capacity and play a critical role in further supporting the energy needs of Karachi. The 900 MW Bin Qasim Power Station III will be built at K-Electric’s Bin Qasim site at an estimated cost […]
760 MW generation, Haveli bahadur Shah Gas plant takes off
PM Nawaz sharif has inaugurated Haveli Bahadur Shah Gas Power plants constructed in a record period and its first unit has now started generating760MW power. Total capacity of the plant installed near Jhang is 1320 MW, out of which, remaining 760 MW shall be produced by the 2nd unit expected to start generation soon. Speaking […]
GREE to install 550 tons VRF All DC Inverter System
Crystal Mall, Multan, KARACHI:GREE – a globally leading enterprise of air-conditioners has recently signed a project of installing 550 ton VRF All DC Inverter systems at Crystal Mall, Multan – the 2nd biggest shopping mall of Southern Punjab. Crystal Mall is state-of-the-art luxury shopping mall which includes top brands, food court and a cinema theatre. […]
GE-CMEC achieved important milestone
Thar Block II Power Plant In its contract with China Machinery Engineering Corp (CMEC) for Engro Powergen Thar (Pvt.) Limited’s Thar Block II Power Plant, GE announced the achievement of a major milestone with the delivery of critical equipment for boilers, including cyclones, water walls, tubes sections, soot blowers and air preheaters. According to the […]
Construction of Gwadar airport expected to start in September
After approval of grant by the Chinese government, Construction work on Gwadar International Airport is expected to be started by the end of September this year. The project will be completed within three years and will cost two hundred and thirty million dollars. The Chinese government has agreed to provide funds for the construction of […]