Irsa issues NOC to Mohmand Dam project
For 800MW Mohmand Dam (former the Munda Dam) to be built on Swat river, with an investment of $ 3 billion, Indus River System Authority (Irsa) issued No Objection Certificate (NOC). The dam’s storage capacity will be 0.676 MAF which will supplement the water supplies to the following areas current facing water shortage: (i) Palal […]
Mauritius offering business opportunities
Mauritius is a gateway to 47 African countries which can be accessed via Mauritius by Karachi’s business and industrial community. An MoU has been signed by MCCI president Azim Currimjee in the Mauritian capital of Port Louis, in the presence of the charge d’affaires of the Pakistani High Commission in Mauritius, Zahid Ahmed Khan Jatoi. […]
Lyari Expressway Delay causing cost escalation
Over the long delay in the completion of Lyari Expressway and massive cost escalation from Rs 4.89 billion to Rs 9.94 billion, the Public Accounts Committee (PAC) expressed serious anger and disappointment. The committee meeting, held at Islamabad under the chairmanship of Syed Khursheed Ahmed Shah, reviewed and discussed the audit paras of Ministry of […]
Pakistan’s first LNG terminal inaugurated
Pakistan’s first LNG terminal established by the Engro Terminal Limited within record 330 days and with a capacity to re-gasify up to 600 mmscfd is inaugurated by Prime Minister Shahid Khaqan Abbasi. Within eleven months since the contract was signed, the terminal began functioning which was an example of cooperation between the government and the […]
LCCI, UET ink MoU for economic uplift
The Lahore Chamber of Commerce and Industry Friday inked a memorandum of understanding (MoU) with University of Engineering & Technology (UET) to work together for the economic development of the country. LCCI President Abdul Basit and Vice Chancellor, UET Prof Dr Fazal Ahmad Khalid signed the document in the presence of the LCCI office bearers. […]
Lahore OLMT First shipment of locomotive arrived
First shipment of locomotive and bogies for Lahore Orange Line Metro Train (OLMT) arrived in Karachi from China and scheduled to reach Lahore during the first week of October. Khawaja Ahmad Hassan, Chairman of the steering committee for Lahore OLMT, informed this during a weekly progress review meeting. He told officials that a team of […]
KP launching five Special Economic Zones
Land for the establishment of Special Economic Zones (SEZs) at D.I.Khan, Nowshera, Chitral, Bannu and Buner has been acquired and commercial launching of these zones will be completed by the current financial year. Similarly, 257 acre Jalozai Special Economic Zone is all also set to be launched in next few weeks. The land acquisition has […]
PBIT- Korean firm sign MoU for energy projects
Punjab Board of Investment & Trade (PBIT) signed an MoU with leading Korean company Kostan Holdings INC under which the Korean company will now assist PBIT in execution of various energy projects. Kostan Holding’s CEO Kim Kwang Sub, Vice President Baek Su Kil and the financial representative Hannah D Lee met CEO PBIT Jahanzeb Burana […]
Karkey Rental power Pakistan imposed $1.6bn fine
An arm of the World Bank, International Centre for Settlement of Investment Disputes (ICSID), has awarded the case in favor of the Turkish firm M/s Karkey Karadeniz Elektrik Uretim and imposed a fine of $1.6 billion on Pakistan. Pakistan has spent around 1.5 billion rupees on lawyers’ fee and other expenses including officials’ visits to […]
Avoiding water scarcity, Kalabagh must: Wapda
ISLAMABAD: Chairman, Water & Power Development Authority (WAPDA) has told the Parliament that construction of Kalabagh Dam was ‘critical’ due to severe water scarcity in the country. According to reports, WAPDA Chairman (retd. Lt. General) Muzamil Hussain informed Senate Forum for Policy Research that the dam’s capacity would be 6.1 million acre feet of water […]
Kachhi Canal finally operational
To supply irrigation water to over 0.7 million virgin lands in Dera Bugti, Naseerababd, Bolan and Jhal Magsi districts of Balochistan, the long delayed 363km long Kachhi irrigation canal constructed at a cost of Rs 80.5 billion in 15 years, finally becomes operational. The Indus River System Authority (IRSA) has advised Punjab Irrigation canal regulators […]
Islamabad Metro Bus Track, Completion ensured by November 15, 2017
Federal Minister for Communications Hafiz Abdul Karim paid a detailed visit to under construction Islamabad Metro Bus Project from Peshawar Morr to New Islamabad International Airport. Federal Secretary Communications Muhammad Siddique Memon, Chairman NHA Mr. Shahid Ashraf Tarar and senior officers of NHA & Ministry of Communications also accompanied. Detailed briefings were also given to […]