Small Dams planned across Punjab
Punjab Chief Minister Sardar Usman Buzdar met with Chairman Wapda Lt Gen Muzammil Hussain (retd) and discussed the construction of new dams for water conservation and power generation. The CM said, “Water is a boon and the hydel power projects will generate cheap electricity. Steps have also been taken for the construction of small dams.” […]
South Asia’s First Remote Controlled Cranes in Pakistan
Hutchison Ports Pakistan has received three new remote-controlled quay cranes to mark the beginning of the terminal’s second phase in Karachi. This development makes Pakistan the first country in the South Asia region to install semi-automated, cabin-less cranes. The new remote-controlled quay cranes will be able to lift a container weighing up to 65 tons […]
Sukkur Multan Motorway to be inaugurated in August
An official from the National Highway Authority (NHA) has told the media that work on 392-kilometer Sukkur-Multan Motorway is going swiftly and it is expected that the six lane road will be operational by August 2019. Around 86% of work on the motorway has been completed which includes the 392 kilometer roadbed and culvert passage. […]
Turkmenistan to invest in energy sector and electricity export to Pakistan
Minister for Power Omar Ayub Khan met with Turkmenistan’s Ambassador to Pakistan, Atadjan Movlamov and discussed the potential of investments in the energy sector. Omar said that energy sector can be very profitable for foreign and local investors due to the fast changing energy consumption pattern. Matters related to mutual cooperation in the energy sector […]
IGATEX 2019 Concludes in Karachi
The 12th International Exhibition for Garments, Textile Machinery and Accessories was held in Karachi from 26th to 28th Feb 2019. IGATEX Pakistan is a pioneer exhibition being organized by the FAKT Exhibition since 2002. Every year it is held alternatively in Lahore and Karachi. More than 500 companies hailing from 37 different countries exhibited their […]
US based Cargill to invest $200 million in Pakistan
Cargill, the US-based company with global outreach, which is operating for over three decades in Pakistan, is expanding its footprint in the country by diversifying operations mainly into port infrastructure. The company has announced an investment of $200 million over the next three to five years through joint ventures in port infrastructure and other sectors. […]
Projects worth 2bn planned for Karachi
Sindh Chief Minister Syed Murad Ali Shah and World Bank high-powered delegation has decided to start $2 billion projects to make Karachi one of the most developed and beautiful cities of the world. The projects which the two sides discussed and agreed to start include: 1. Karachi Urban Mobility Project (KUMP) costing $ 400 million […]
Pakistan Refinery Limited to be upgraded to ‘deep conversion refinery’
Pakistan Refinery Limited (PRL) has announced to convert its plant into a deep conversion refinery to keep up with the changing requirements of the market. According to a notification sent to the Pakistan Stock Exchange (PSX), PRL is expected to invest around $1 billion or approximately Rs138 billion for the transformation of its plant. This […]
Korean delegation interested in Joint ventures
A delegation of Korean businessmen visited the Lahore Chamber of Commerce and Industry (LCCI) to meet the Pakistani businessmen. The Koreans expressed their desire to have joint ventures with their Pakistani counterparts in LPG cylinders, PVS stabilizers, auto-mobile batteries and oil lubricant manufacturing. Alexander Lee who was leading the Korean delegation said that following starting […]
Setting up LNG terminal at Port Qasim Mitsubishi’s Tabeer Energy to invest $400M
According to well-informed sources, Mitsubishi owed company Tabeer Energy Limited has planned to set up a Liquefied Natural Gas (LNG) terminal at Port Qasim with an estimated cost of $400 million. Tabeer Energy is a 100 percent affiliate of Mitsubishi Corporation and has been a global LNG integrated player since the early 1960s. Mitsubishi has […]
German Businesses encouraged to invest in Pakistan
The German Emirati Joint Council for Industry and Commerce (AHK) organized an event in Dubai with the topic of ‘Doing Business in Pakistan’. Board of Investment Chairman Haroon Sharif was also present on the occasion. German Ambassador to Pakistan Martin Kobler while addressing the event said that Germany was one of the largest trading partner […]