Kia Sportage launched in Pakistan

KIA Lucky Motors (KLM) has officially launched its much-awaited all-wheel 2,000cc sport utility vehicle, KIA Sportage, in Pakistan. The vehicle comes with 100,000km or four years warranty. Kia Lucky Motors CEO Asif Rizvi while addressing the media said that KLM would take at least 5 years to achieve 50 percent localization of parts; adding that […]

NDC approves formation of CPEC authority

The National Development Council (NDC) in its maiden meeting approved the formation of CPEC authority to ensure fast track implementation of CPEC projects. The forum also approved constitution of National Coastal Development Authority for development of tourist resorts and promoting tourism along the coastal areas of the province including Jiwani, Gwadar, Pasni, Makola, Ormara, Kund […]

UK Funded Karandaaz to invest £15m in renewable energy

The UK-funded Karandaaz on has announced to invest over £15 million for the promotion of renewable energy and efficiency measures in Pakistan. This initiative is the part of the Department for International Development (DFID) Sustainable Energy and Economic Development (SEED) programme. The SEED programme will work with firms, businesses, and financial institutions to demonstrate the […]

SC to supervise OLMT project until completion

A three-judge bench headed by Justice Sheikh Azmat Saeed heard the case of Orange Line Metro Train (OLMT) project. Secretary transport appeared before the bench. The bench expressed extreme annoyance over the delay in completion of the OLMT project. Justice Azmat remarked that a huge amount has been spent on this project, besides that it has not […]

WB to provide Rs 32.2 billion for Rs 33.600 billion CLICK project

The Executive Committee of National Economic Council (ECNEC) has approved the Competitive and Liveable City Karachi (CLICK) project at a cost of Rs 33.600 billion out of which Rs 32.200 billion will be provided by World Bank (WB) on loan. The following are main components of the project: (i) performance-based block grants to local councils […]

Work underway on Sialkot industrial heritage museum

Sialkot Industrial Heritage Museum is being established at Sialkot Business and Commerce Centre (SBCC). The objective of setting up the museum is to promote ‘Made in Sialkot’ products and the export potential of Sialkot-based small and medium enterprises. The rare manufacturing tools will be displayed in the museum with active cooperation of local trade bodies […]

KP to energise 100 villages with solar power

After successfully energising 100 villages in the Chitral district, Khyber Pakhtunkhwa (KP) government has decided to electrify the villages of southern KP with solar energy. Under this project more than 2900 units of solar energy will be installed in central and southern districts of KP. The scheme will cost as estimated Rs.241 million and will […]

South Korea to send a buying delegation to Pakistan

South Korea has announced that it will send a buying delegation to Pakistan in the coming months in which will consist of top importers. This will help to remove the investment bottlenecks, increase bilateral trade and to resultantly enhance the economic cooperation between South Korea and Pakistan. This decision comes after the successful visit of […]

JICA delegation calls on Razak Dawood to discuss automobile sector

A high level delegation of Japan International Cooperation Agency (JICA) headed by Chief Representative Shigeki Furuta called on Abdul Razak Dawood, Adviser to Prime Minister on Commerce, Textile, Industries & Production and Investment to discuss the automobile sector of Pakistan. The two sides also discussed the possibility of decrease in heavy taxes recently imposed by […]