$2bn collected through Saindak project since 2003
Federal Minister for Energy Omar Ayub informed the National Assembly that a state-owned entity of People’s Republic of China, namely M/s Metallurgical Corporation of China Ltd (MCC), has been engaged for operation of Saindak Copper Gold Project (district Chagai, Balochistan) under a documented agreement with Saindak Metals Limited (SML), duly signed between the parties on […]
2 day strike at KICT to cost traders more than US$ 2,70,000
The workers at Karachi International Containers Terminal (KICT) observed a 2 day strike in the last days of July creating a backlog of almost 3000 containers at the port. The strike hampered the clearance of containers for 2 days, piling up its backlog to around 3000 containers as the terminal has a capacity to handle […]
“Golden Triangle” Expo centre to be established at Wazirabad
President Gujrat Chamber of Commerce and Industry (GCCI) Amir Nouman has hinted at the establishment of a “Golden Triangle” expo centre for Wazirabad. He said this while visiting the Faisalabad Chamber of Commerce and Industry (FCCI). The Golden triangle will cater for the requirements of Gujrat, Gujranawala and Sialkot. These three industrial cities are leading […]
Industrialists and business community slam hike in prices of Petroleum products
Industrialists and business community of the country have condemned the recent hike in petroleum products in the strictest of terms. They said that repeated increase in the prices of oil and gas in recent past has badly eroded Pakistan’s competitiveness due to which the country is losing attraction for investments. Businessmen Panel, Secretary General (Federal) […]
WAPDA breaks all previous records with 8158MW generation
The hydel power stations owned and operated by the Pakistan Water and Power Development Authority (WAPDA) have broken all records by generating the highest-ever electricity i.e. 8158 megawatt (MW) during peak hours. This quantum of hydel power share registered an increase of about 600 MW compared to previous years. This increased share of hydel electricity […]