The Reservoir, GE launches innovative energy storage platform
With a commitment to deliver cleaner, more reliable power where and when it’s needed most, GE has launched the GE Reservoir – a comprehensive energy storage platform that delivers a suite of customized storage solutions to help customers address new challenges and seek new opportunities in a rapidly transforming power grid that is becoming more […]
EXPO 2020, Dubai spending billions on mega projects
Dubai is splashing tens of billions of dollars on infrastructure and hospitality projects related to the international trade fair Expo 2020. The value of Expo-related projects underway hit $42.5 billion in March, according to the Construction Intelligence Report. It said that $17.4 billion were invested in infrastructure and transport projects, $13.2 billion on housing and […]
Hydrogen Peroxide manufacturing
Descon Oxychem Ltd to increase production capacity Descon Oxychem Limited (DOL) has recently undertaken a decision to increase the production capacity of their existing Hydrogen Peroxide (HP) manufacturing facility located in Lahore. DOL is part of Descon’s chemical business. Since starting production in December 2008, DOL has grown rapidly, becoming Pakistan’s market leader in HP […]
Work started on two road projects at Dera Ghazi Khan
Prime Minister Shahid Khaqan Abbasi inaugurated work on two road projects in Dera Ghazi Khan including construction of Northern Bypass and Rakhi Gajj Bewata Section-1, and they will be completed with an estimated cost of Rs 17 billion. DG Khan Bypass is a longstanding demand of the residents and it would immensely help regulate traffic […]
Chinese interested in JVs with Pakistan, Energy sector
In a meeting with members of Pak-China Joint Chamber of Commerce and Industry (PCJCCI), a Chinese delegation expressed keen interest in having joint ventures with Pakistan in energy sector. The delegation was led by Zhou Jing, Deputy Secretary, Huaiyin District Committee, Communist party of China, Jinan, Li Cheng Chairman, China Council of International Trade, Li […]
Monitoring CPEC projects China to launch two sensing satellites
According to the China Academy of Launch Vehicle Technology (CALVT) website, China is launching two remote sensing satellites for Pakistan in June this year. According to reports, the satellites are being launched to monitor the development of the US$50 billion China-Pakistan Economic Corridor (CPEC) projects. It will be the first international commercial launch for a […]
Import of construction equipment, machinery CAP urges exemption of Sales Tax
Constructors Association of Pakistan (CAP) has called for exempting the import of construction equipment, machinery and formworks system including plywood for formwork from advance sales tax at 17 percent and additional sales tax at three percent. CAP Chairman Engr Kamal Nasir Khan made this demand in the budget proposals for year 2018-19 submitted to the […]
17,000mw will be added to national grid through CPEC projects
Energy projects under the China-Pakistan Economic Corridor (CPEC) will contribute over 17,000mw to the national grid after completion. This was informed to The federal cabinet through a presentation made to the cabinet meeting, presided over by Prime Minister Shahid Khaqan Abbasi, by the Ministry of Planning, Development and Reforms on CPEC pursuant to cabinet’s decision […]
$370m oil pipeline from Punjab to KPK
Ogra reserves decision on grant of permission to FOC The decision regarding awarding permission to Frontier Oil Company-1 (FOC) for construction of new oil pipeline from Punjab to Khyber Pakhtunkhwa at a cost of $370 million has been reserved by The Oil and Gas Regulatory Authority (Ogra). The FOC has applied for grant of license […]
Free Trade Agreement-II with China delayed
Pakistan and China failed to evolve consensus on second phase of Free Trade Agreement (CPFTA-II) as both sides refused to accept each other’s offer. The Chinese side was represented by Vice Minister for Commerce Wang Shouwen, whereas Secretary Commerce Younus Dagha-led Pakistani team comprised representatives of different Ministries/Divisions. Pakistan urged for concessions for its textile […]