First European Car PEUGEOT coming to Pakistan

Lucky Motors Ltd (LML) has signed a memorandum of understanding (MoU) with Groupe PSA of France to assemble Peugeot cars in Pakistan. Peugeot cars will be the first European cars to arrive, in the CKD category, in Pakistan. Under the expression of interest (EoI) and MoU, LML will assemble, manufacture, market, distribute and sell PSA […]

Pakistan Bureau of Statistics shows overall decline in Imports

The official figures from Pakistan Bureau of Statistics show that the country’s textile machinery import declined by $59.521 million in July-June 2018-19 coming down to $434.786 million against the machinery import of $494.307 million in July-June 2017-18. Import of the construction and mining machinery scaled down to $192.278 million in July-June 2018-19 from $294.307 million […]

FIEDMC attracting local and foreign investments

Adviser to Prime Minister on Commerce Abdul Razak Dawood met with Faisalabad Industrial Estate Development & Management Company (FIEDMC) Chairman Mian Kashif Ashfaq and applauded their efforts in improving industrialization and advancing ease of doing business in Pakistan. Chief Operating Officer FIEDMC Aamir Saleemi was also present on this occasion. Razak Dawood said that project […]

Descon Automation and Control conducts ‘Partners in Safety’ event

Descon

Descon Automation and Control department along with its Principal, MSA conducted a “Partners in Safety” event at a private Hotel in Islamabad. The event highlighted Descon’s automation capabilities along with the new advances in technology for flame and gas detection systems by MSA General Monitors. The attendees were from various organizations based in Islamabad and […]

Hunan Yatai to establish $70 million ceramics unit in Faisalabad

Chinese company Hunan Yatai Ceramics has decided to establish a ceramics plant worth US $70 million at the upcoming Allama Iqbal Industrial City, a project of the Faisalabad Industrial Estate Development and Management Company (FIEDMC). Last year the company had acquired 100 acres of land in the industrial hub, which is connected with ports through […]