Cybernet ink MoU with PEACE cable to increase Pakistan’s internet capacity by 96 Tb/s
One of Pakistan’s oldest ISPs Cyber Internet Services (PVT) Limited (Cybernet Pakistan) has signed a Cable Landing Party Agreement with PEACE Cable International Network Co Ltd (PEACE Cable). As part of the agreement Cybernet will be PEACE Cable Landing Station Partner in Pakistan and will be deploying PEACE Pakistan Cable Landing Station (CLS) and managing […]
Chinese heavy transport vehicles to be assembled in Pakistan
The Rawal Industrial Equipment and Malik Group of Companies have entered into an agreement to assemble Chinese origin heavy transport vehicles in Pakistan including trucks and buses. Chairman and CEO of Malik Group of Companies Malik Khuda Baksh and CEO of Rawal Industrial Equipment Farrukh Kamal signed the MoU for the establishment of the plant […]
Businessmen urged to contribute in the $ 5 trillion Chinese import market
Adviser to the Prime Minister on Commerce and Textile Abdul Razak Dawood while addressing an awareness seminar on the 2nd phase of Pak-China FTA organised by Ministry of Commerce and Textile in collaboration with Trade Development Authority of Pakistan (TDAP) said that the minimum 10 percent realisation of free market access of 313 Pakistani items […]
Momentum Tech Conference ready to kick off in Karachi
Momentum Tech Conference, Pakistan’s leading technology and entrepreneurial event, is launching its third edition on 30th April and 1st May, 2019 in a partnership with Pearl Continental Hotel, Karachi. 100 start-ups from all over Pakistan will participate and compete against each other for the final win. The pre-event activities including initial pitching among 100 startups […]
Naya Pakistan Housing Scheme formally inaugurated
Prime Minister Imran Khan has launched the Naya Pakistan housing scheme (NPHS) and work on it has been initiated. According to the initial plans of NPHS 135,000 housing units would be constructed in the first phase across the country. In the initial phase of the scheme, 110,000 housing units will be constructed in Balochistan for […]
K-Electric infrastructure upgraded 90% under TP-1000
An event was held at K-Electric’s site Gas Turbine Power Station in Karachi to inaugurate the newly installed Gas Insulated Substation complete switchgears and Controls. The installation of the new equipment marks 90% completion of the USD 450 Million TP-1000 project. Officials of project vendors including Siemens attended the event, including Helmut von Struve Managing […]
VC NED University receives ACECC’s Project award
Professor Doctor Sarosh Hashmat Lodhi currently serving as the Vice Chancellor of NED University of Engineering and Technology, Karachi has been awarded the prestigious Project Award by Asian Civil Engineering Coordination Council (ACECC) in recognition of his humanitarian services during Baluchistan’s earthquake in 2013. Dr. Lodhi has previously been presented with the Pride of Performance […]
Court orders completion of Orange line train by 20th May
A two-judge bench comprising Justice Gulzar Ahmed and Justice Ijazul Ahsan has expressed grave concerns regarding the delay in completion of Orange Line Metro Train (OLMT). The court has ordered the concerned companies to complete construction work by May 20 2019. The bench has also asked the three construction companies, ZKB Builders, Sarwar & Company […]
CPEC exponentially uplifting Pakistan
According to government documents there are currently 22 projects under CPEC worth $29.5 billion, which are in various stages of completion. These projects range from Energy generation to infrastructure development. According to a recent report projects worth around $ 17.31 billion, have either been completed or are at various phases of completion. In the power […]
Karachi BRT to cost Rs77.597bn
According to official documents, the cost of Bus Rapid Transit (BRT) Red Line project in Karachi has increased by Rs12Bn within one year. It is now expected to cost Rs77.597bn in contrast to the previous estimate of Rs65.589 billion. Central Development Working Party (CDWP) has approved the project on technical grounds and forwarded to Ecnec […]
Govt. considering use of indigenous coal for revival of PSM
The govt. has decided not to privatise Pakistan steel mills (PSM) after reviewing the report presented by the expert group. According to the report PSM can be revived under the Public private partnership (PPP) mode. Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood was quoted saying “How can it […]