Govt Clarifies Doubts Regarding CPEC Funding

An erroneous report appeared in the media by end December stating that Pakistan has to pay China $40 billion over $26.5bn CPEC investments in 20 years. This report was widely circulated and reached such momentum that PID had to release a clarification regarding the matter. According to the official figures released by the government, China […]

ExD to Handle Descon’s ERP Services

Descon Corporation Pvt Ltd has signed an agreement with Excellence Delivered (ExD) to outsource its Enterprise resource planning (ERP) services. ERP is a process whereby a company, often a manufacturer, manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance and […]

Agreement with Saudia regarding deferred oil facility in advanced stages

Furnace Oil Engineering Post

Sources in the Finance ministry revealed to Engineering Post that the deal regarding deferred oil facility with Saudi Arabia is in its advanced stages. The technicalities have been finalized and a revised draft of the agreement has been sent to Riyadh for approval. It is expected that the remaining ambiguities will be sorted out by […]

Inauguration of Mohmand Dam Delayed

A Spokesperson of Water and Power Development Authority (Wapda) has confirmed that the inauguration ceremony of Mohmand Dam, previously scheduled to be held in 2nd January 2019, has been postponed until further notice. New date for the inauguration ceremony has not been provided by the government. Allegedly this eventuality has occurred due to dispute over […]