PTCL and SCO to lay Fiber Optic Cable in FATA
PTCL has joined hands with Special Communications Organization (SCO) to lay down 600Km long fiber optic cable in federally administered tribal areas (FATA) in the northwest of the nation. A contract signing ceremony to that effect was held at Special Communications Organization Head Quarters, Rawalpindi which was attended by the Director General SCO, Maj Gen […]
Inefficiencies in Power Sector Cost the Economy $18 billion in 2015
A new report has been published by the World bank titled “In the Dark: How much do power sector distortions cost South Asia,” prepared by Fan Zhang, senior economist at the World Bank. It states that Pakistan’s power sector suffered from inefficiencies that cost the economy $18 billion or over 6.5 percent of GDP in […]
Mangla Refurbishment – USAID, WAPDA sign $ 78 mn Implementation Letter
Pakistan Water and Power Development Authority (WAPDA) and United States Agency for International Development (USAID) signed Project Implementation Letter (PIL) – 2 worth US$ 78 million for Mangla Refurbishment Project. The USAID grant will be spent to undertake various works of Package V, VI, VIII and IX of the project. The PIL – 1 of […]
Govt. signs deal worth $284m with ADB
Government of Pakistan and Asian Development Bank signed a loan and a grant agreement amounting to $284 million (Loan 3677 for $280 million and Grant for $4 million) for the Second Power Transmission Enhancement Investment Program- Tranche-3. This agreement is the third tranche of a multi-tranche financing facility (MFF) under the ADB-supported Second Power Transmission Investment Program. […]
MDs, BoDs Dissolved – Committee formed for inquiry against SSGCL, SNGPL
PM Imran Khan while chairing an emergency meeting regarding Gas Shortfall in the country ordered an inquiry against Managing Directors (MDs) of Gas companies for withholding information regarding gas demands in the winter and faulty equipment which has led to countrywide shortage of gas. PM has also issued directives to dissolve the boards of directors […]
NUST to establish China Pakistan Technology Transfer Centre
NUST has signed an MoU with Chinese International Technology Transfer Centre (CITTC) to establish China Pakistan Technology Transfer Centre (CPTTC) at NUST. The MoU was signed in Bejing. The Centre will be established at National Science and Technology Park (NSTP), a flagship project of NUST set to be inaugurated in January 2019. CPTTC will facilitate […]