New desalination plant, power generation unit okayed for Gawadar
A new desalination plant and power generation unit would be established at the Gwadar Port Free Zone. This was decided during a meeting of Federal Minister for Maritime Affairs Mir Hasil Bizenjo with Chairman China Overseas Port Holding Company (COPHC) Zhang Baozhong and Chairman Gwadar Port Authority (GPA) Dostain Jamaldini. The meeting was told that […]
Fast Cables wins KEMA Award
KEMA Gold is an internationally recognized certification awarded by the world renowned KEMA Laboratories of Holland for product quality, reliability and safety. Fast Cables is the first Pakistani Electrical Cable manufacturer to qualify for the coveted award making the brand synonymous with international quality standards. In his address to the summit, attended by 300 top […]
Exxon leaves LNG project consortium
Exxon Mobil has pulled out of a major project in Pakistan, in a potential blow to plans to boost imports of liquefied natural gas (LNG) after years of winter shortages. Differences among the six-member group behind the project in Port Qasim in Karachi mean French oil major Total and Japan’s Mitsubishi may also quit and […]
Engro, Royal Vopak celebrate 20 years of operations
Engro Vopak Terminal Limited – a joint venture of Engro & Royal Vopak of Netherlands – celebrated twenty years of operations in Pakistan. On the occasion, the Engro Vopak terminal was graced by a visit of senior delegates from Royal Vopak comprising Eelco Hoekstra Chairman of the Executive Board and CEO of Royal Vopak and […]
Electric Cars Ford, Chinese firm to invest $756m
With regard to global quest of low cost and green fuel, US auto stalwart Ford announced on a $756 million investment with its Chinese joint venture to produce electric cars. Ford’s investment with Zotye comes as China has signalled it plans to force gas-guzzling vehicles off the road, though the country has yet to lay […]
Edotco Group to invest $1bn for expansion
The edotco Group, one of Asia’s leading tower companies, announced to invest $1 billion for its expansion in Pakistan by acquiring 13,000 telecom towers of the Jazz, which would create several hundreds of jobs. This was announced by Suresh Sidhu, Chief Executive Officer (CEO) edotco Group, and Arif Hussain, Country Managing Director & CEO edotco […]
Gawadar: Groundbreaking of East Bay Expressway
Rs17 billion, East Bay Expressway was inaugurated by Prime Minister Shahid Khaqan Abbasi, He performed the groundbreaking and directed that the series of development projects for Gwadar be completed on time to ensure that the port emerges on the world map as a major trade hub. Addressing a ceremony, the Prime Minister said the economic-free […]
E&P firms invited to tap shale gas, oil reserves
The Petroleum and Natural Resources Division has invited local and international Exploration and Production (E&P) companies to tap massive shale gas and oil reserves identified in a study carried out in collaboration with USAID. Accordingly, the Division has established a Shale Gas and Oil Centre to facilitate interested companies in knocking the recently compassed 188 […]
JCC approved Long-term CPEC plan
Joint Coordination Committee (JCC) has approved long-term plan of the China-Pakistan Economic Corridor (CPEC). The 7th JCC has also approved all those projects whose feasibility was approved subsequent to their approval in the 6th JCC and those whose feasibility study was not completed will be taken up in the next meeting. 7th JCC was important […]
Sindh: 3397 industrial units remain dysfunctional
As many as 3397 industrial units stand dysfunctional in Sindh province, which the government is ready to help make operational, Provincial Labour Minister told the Sindh Assembly. Replying to a question, the minister Syed Nasir Hussain Shah, who also holds information department’s portfolio, said that around 3038 dysfunctional factories are located in Karachi and others […]
Dawlance, Arçelik A S celebrates first anniversary
KARACHI: Dawlance marked the first year anniversary following its acquisition by Arçelik A S – the leading global household appliances manufacturer. The occasion was graced by leading officials of both Dawlance and Arçelik A S. Ever since its acquisition, Dawlance has introduced innovative products which have set a quality standard like never before for the […]
CRBC: KP, China sign MoU
The Irrigation Department Khyber Pakhtunkhwa and state owned company of Peoples Republic of China namely China Gezhouba Group International Engineering Co, Ltd (CGGC) inked MoU for the completion of Chashma Right Bank Canal (CRBC) project (lift cum gravity) in Dera Ismail Khan. A simple but impressive ceremony was held at CM Secretariat Peshawar in this […]