Royal Vopak acquires 29% share in ETPL

Royal Vopak has successfully acquired 29pc shares in Elengy Terminal Pakistan Ltd. (ETPL). According to a press statement, Engro Corporation has sold 24 percent and World Bank’s International Finance Corporation (IFC) has sold 5 percent shares in ETPL to Vopak LNG Holding B V, leaving Vopak with a 29 percent equity holding in ETPL. The […]

8th JCC Meeting on CPEC to be Held in Beijing

The 8th meeting of Joint Coordination Committee (JCC) on China -Pakistan Economic Corridor (CPEC) will be held in Beijing on 20th December 2018. The JCC is most important official forum for discussion of projects and issues related to CPEC. Federal Minister for Planning and Development Makhdum Khusro Bhaktiar will lead the Pakistani delegation which will […]

Solar LEDs to Light up Streets of Karachi

Karachi Metropolitan Corporation (KMC) has signed an MoU with Xi`an Road Construction Machinery Company (XRMC) private limited for the conversion of city’s streetlights into modern LED energy saver solar light system on all 108 KMC roads. Mayor Karachi Wasim Akhtar signed the MoU from Pakistan’s side. Through the the streetlights energy-saving project, XRMC may conduct […]

Pak-China Steel Mill Inaugurated

Pak China Steel has commenced operation with an investment of US$12 million. It is the first private blast furnace and manufacturing plant of pig iron in Pakistan. Jianbang Group of China and Pakistani Consortium have installed the first ever pig iron plant at Port Qasim Karachi under a joint venture to produce pig iron for […]