No SEZ operational in Pakistan as of August 2019
Despite several announcements and ground breaking ceremonies not even a single Special Economic zone (SEZ) has been operationalized by the Board of Investment (BOI) under the current government. An agreement between the Khyber Pakhtunkhwa Economic Zone Development Management Company (KPEZDMC) and the China Road and Bridge Corporation (CRBC) for the development of Rashakai SEZ in […]
CPHGC team meets PM
A delegation of China Power Hub Generation Company (CPHGC) led by Chief Executive Officer, Zhao Yonggang called on Prime Minister Imran Khan. CEO CPHGC apprised the Prime Minister about the progress made so far on an important CPEC project for installation of 1320 MW (660×2) power plant in Hub, Balochistan. The project is a joint […]
Govt to fast track the release of development funds
Prime Minister’s economic team led by his Adviser on Finance and Revenue Abdul Hafeez Shaikh decided in a meeting that the process of release of development funds needs to be streamlined. The meeting was attended by ministers and advisers of the planning, economic affairs, commerce and industry ministries in addition to the heads of board […]
Govt to waive Rs208b dues of industrialists
Since the last week of August, rumours have been circulating in the market that the govt is set to bail out big industrial defaulters by waiving 50% off their outstanding bills. If the rumours are true it would mean that the govt would grand Rs208 billion in favour of a handful of industrialists. Director General […]
Current account deficit decreased by 73%
The state bank of Pakistan has reported that the size of current account deficit (CAD) has shrunk by 73 per cent in the first month of this fiscal year. According to the report the CAD plunged by 72.81pc to $579 million in July, as compared to $2.13 billion in same period of 2018-19. This was […]
Oil and Gas discovered in Kohat
Hydrocarbon reserves have been discovered in Kohat region of KPK. According to initial details 1844bpd (barrels per day) of oil and 18.25mmcfd (million cubic feet per day) of gas is encountered. It is pertinent to note that according to the company, actual production number may differ after further testing is carried out. The hydrocarbons have […]