Renault announced to set up plant at Faisalabad
To set up a brand new automotive plant for the exclusive assembly of Renault vehicles, Al-Futtaim announced the acquisition of an industrial plot of land in M-3 industrial city, Faisalabad. The park is the country`s third largest Special Economic Zone (SEZ). The investment was originally coming to Karachi, but persistent delays in critical government approvals […]
RD on export of copper scrap caused shortage
Severe shortage of brass in domestic market is seen due to the Federal Board of Revenue’s wrong decision of by partially imposing 25 percent regulatory duty on export of only waste and scrap of copper (excluding brass). In a presentation to Prime Minister, Finance Ministry, Commerce Ministry and FBR, Atif Iqbal, Executive Director, Organization for […]
Railways projects awaiting ECNEC’s approval
With an estimated cost of $8.2 billion under the China-Pakistan Economic Corridor (CPEC) framework, the execution and implementation of Pakistan Railways (PR) projects will have to wait till the next government comes into power, as it requires final go-ahead from Executive Committee of the National Economic Council (ECNEC). Railways Ministry briefed the caretaker Federal Minister […]
Quacquarelli Symonds World University ranking 2019, PIEAS ranks among top 400
Pakistan Institute of Engineering and Applied Sciences (PIEAS) ranks among top 400 universities of the world competing for the first time in the Quacquarelli Symonds (QS) World University ranking 2019. The QS is one of the most widely referenced international ranking systems. Competing for the first time PIEAS has marked a new history by recording […]
Pakistan need more energy & power projects: PBIF
Pakistan eagerly needs new projects of energy and water in order to fight back with the crisis being faced by the country. This was said by President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain. He said that Pakistan is suffering from 40% of shortage of total gas demand. Inter State Gas Systems (ISGS)is also […]
Consignments under CPFTA Pak-China EDE system rolled out
The EDE system for exchange of data relating to consignment covered under China Pakistan Free Trade Agreement (CPFTA) has been completed and its pilot phase has now been rolled out, which covers exchange of data relating to certificate of origin under CPFTA along with export Goods Declaration (GD). Pakistan Customs has rolled out pilot phase […]
Orange Line train Commercial operation expected in December
As the project steering committee has directed the departments and agencies concerned to complete the entire civil, electrical and mechanical works by the end of November, the commercial operation of the Lahore Orange Line Metro Train is likely to begin in December, this year. `As the provincial caretaker government is interested in completion of the […]
OGDCL, KUFPEC join hands
Oil & Gas Development Company Limited (OGDCL) and Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced a strategic cooperation initiative for evaluating future potential business opportunities in international upstream exploration and production. The MoU for strategic cooperation was signed between Nawwaf S. Alsalem, South Asia Regional Manager for KUFPEC and Zahid Mir, Managing Director of OGDCL. […]
NTDC’s system need urgent upgradation
NTDC’s system needs serious attention to upgrade in order to through the generation which is now above 20,500 MW to transmit properly. The country’s power sector constraints at transmission and distribution level and rising temperatures are said to be the key reasons for tripping of grid stations and transformers across the country. Managing Director, Pakistan […]
NHU hosts PEC CHAIRMAN SESSION by TEP
Engr. Farhat M. Khan (Chancellor, Nazeer Hussain University NHU and Chairman, The Engineers Pakistan (TEP) invited Engr. Jawed Salim Qureshi (Chairman, Pakistan Engineering Council (PEC) on Saturday 23 June 2018, for the interaction session with the engineering community. Chairman briefed engineers on the service structure issues and motivated young engineers to explore entrepreneurship opportunities. Engineers […]
NHA planning 6 motorway projects
With estimated cost of $1.83 billion through public-private partnership (PPP), The National Highways Authority (NHA) has planned to undertake six motorways projects.The total length of these six projects is 572 kilometres and they would be awarded with concession term of 20-25 years. Furthermore, land will be provided by the government for these projects, and expected […]
NEPRA okays K-Electric to use RLNG for power plants
To immediately start using re-gasified liquefied natural gas (RLNG) as alternative fuel to reduce electricity shortfalls in Karachi, The National Electric Power Regulatory Authority (Nepra) has permitted K-Electric to move ahead. The permission has been granted on a provisional basis to `provide immediate relief to end consumers` as the regulator completes the normal legal and […]