7 SEZs notified, approved by BOI
The Board of Investment (BoI) has approved and notified seven Special Economic Zones (SEZs) in three provinces in the country. Out of total seven SEZs, three are being established in Sindh: Khairpur SEZ Sindh (140 acres) has been notified for agro-based industry and date processing units. Bin Qasim SEZ at Pakistan Steel Mills, Karachi has […]
TAPI Gas Pipeline Work also launched on Afghan section
Regional leaders launched construction work on the Afghan section of an $8 billion natural gas pipeline that will link the energy-rich Central Asian nation of Turkmenistan through Afghanistan to Pakistan and India. Ex-Soviet Turkmenistan holds the world’s fourth-largest natural gas reserves but has been heavily dependent on gas exports to China after Russia cut back […]
Ground Breaking of Rawalipindi – Kahuta Road
The Prime Minister inaugurated the start of work on dualization, rehabilitation and improvement of Rawalpindi-Kahuta road on March 03, 2018. The project for dualization of 28 km long section is divided into two packages. Under the first package, 16.5 km section will be built from Kaakpul interchange to Trikiyan, while the second package of 12 […]
Tarbela 4th extension project starts generation
Prime Minister Shahid Khaqan Abbasi in 2nd week of March inaugurated 1410 MW Tarbela 4th extension hydropower project. Commissioning of Tarbela 4th Extension Hydropower Project is yet another historic milestone achieved by the government to add 1410 MW in the national grid. First unit of 470 MW is commissioned, while as two more units each […]
NESPAK wins Waleh Dam Project in Jordan
After a tough competition, National Engineering Services Pakistan (Pvt) Limited has won the Raising Waleh Dam Project in the Kingdom of Jordan in a joint venture with an international consultancy firm. NESPAK scope of services included design review and construction supervision for the project costing Rs 36,223 million (US 348 million dollars). The project has […]
Nashpa Oil & Gas and LPG project inaugurated
While addressing a public gathering after inaugurating Neshpa Oil & Gas and LPG project in Karak, The Prime Minister, Shahid Khaqan Abbasi, has said that during last five years Pakistan has made tremendous progress in all the sectors especially energy, oil, gas and LPG and the country has been producing surplus electricity. The Prime Minister […]
10 hydro-power projects approved by KPK
The provincial government of Khyber Pakhtunkhwa has approved the awarding of 10 hydropower projects in province having generation capacity of 388 Megawatt that will bring Rs240 billion investment. These projects will generate new employment opportunities and cheap power production in province. In order to utilize cheap source for energy production, the government has also started […]
990MW Thar coal projects Implementation Agreement Inked
ISLAMABAD: The Implementation Agreements (IAs) of two Thar coal-based power generation projects totaling 990 MW were signed at Private Power and Infrastructure Board (PPIB) for materializing the financing of $1,490 million as the cumulative projects cost. Shah Jahan Mirza, Managing Director PPIB, signed the documents with Mohammad Asad. Project Director of M/s Lucky Electric Coal […]
CPEC Projects Reviewed Gwadar to have 300mw coal-fired plant
A 300MW coal-fired power plant will be established by the Chinese company at Gwadar while at present 7.8MW captive power plant was made operational to provide electricity to the free zone.While briefing the National Assembly Standing Committee on Planning, Development and Reform meeting chaired by Abdul Majeed Khan Khanankhail, Director General Gwadar Port Authority Dostain […]
330MW coal-based power plant in Thar, FFCL, HUBCO signed shareholder agreement
ISLAMABAD: Pakistan’s largest fertilizer producer, Fauji Fertilizer Company Limited (FFCL) and Pakistan’s largest IPP the Hub Power Company Limited (HUBCO) have entered into a strategic alliance to set up a 330MW coal based power plant in Thar. The Shareholders Agreement (SHA) was signed amongst HUBCO, FFCL and China Machinery Engineering Corporation (CMEC), a state owned […]
China not to finance KCR project: SBI
Speaking at the concluding session “CPEC: Challenges and opportunities” at a seminar on ‘Stimulating firm productivity for growth’ held at Learning Resource Centre, State Bank of Pakistan, Naheed Memon, Chairperson, Sindh Board of Investment (SBI) said Chinese authorities have no funds to finance Karachi Circular Railway (KCR) project under CPEC. She said that officials from […]
Cement exports raised by 18.41pc in Feb
As compared to same month last year, Cement exports in the month of February 2018 have gone up by 18.41 percent giving hope to the industry that is suffering due to declining exports for years. Though the local cement consumption continued to grow robustly and stood at 9.38 percent in February but the percentage of […]