Smart Metering Project, ADB to fund IESCO
The Power division has decided to implement Advanced Metering Infrastructure (AMI) project. For the completion of the project A Loan of $ 900 million will be acquired from Asian Development Bank (ADB). Initial funding will be of $ 400 million for Lahore Electric Supply Company (LESCO) and Islamabad Electric Supply Company (IESCO). The project concept […]
Renault got green field license to enter Pakistani Automotive market
According to a notification Greenfield license has been granted to Al-Futtaim Automotive Pakistan. Ministry of Industries and Production (MoI&P), in pursuance of the Economic Coordination Committee’s (ECC) decision of March 18, 2016 on “Automotive Development Policy (ADP) 2016-21”, has allowed “Category-A Greenfield Investment Status” to M/s AI-Futtaim Automotive Pakistan (Pvt) Ltd, Karachi for assembly/manufacture of […]
NEPRA Greenlights 11.80 MW Karora Hydel Project
Islamabad: National Electric Power Regulatory Authority (NEPRA) has granted license to Pakhtunkhwa Energy Development Organization (PEDO) for the establishment of 11.80 MW Karora Hydel Power Plant located on Khan Khwar River at Karora village near Besham, District Shangla. The Licensing authority has expressed optimism that this project will relieve some pressure from the national exchequer […]
OGDCL’s Shows increased revenue in 1Q
The Oil and Gas Development Company Limited (OGDCL) has released the sales revenue of Rs 61.799 billion in the first quarter (July 2018-September 2018). The sale revenue increased by 41 percent to Rs 61.799 billion and profit before tax increased by 60% to Rs 39.363 billion. A contributing factor for this increase was that the […]
Executive Committee of the National Economic Council Formed
The Prime Minister has formed the Executive Committee of the National Economic Council (ECNEC) and reconstituted the Economic Coordination Committee (ECC). Federal Minister for Finance, Revenue & Economic Affairs Asad Umer has been appointed as chairman of both the panels. This was revealed by a notification issued by the Cabinet Secretariat. The ECC will have […]
KP-Tevta signs MoUs with LabTech International Ltd
Peshawar: According to a press statement, Khyber Pakhtunkhwa Technical Education and Vocational Training Authority (KP-TEVTA) has signed various MoUs with LabTech. This company has been established for over 30 years and has its presence registered worldwide in almost 80 countries. The MoUs were signed between Dr Steven Carl Mckee, President LabTech and Managing Director KP-TEVTA. […]