UAE to undertake the biggest investments in a refinery project in Hub
UAE Ambassador to Pakistan Hamad Obaid Ibrahim Salem Al-Zaabi has been quoted saying that United Arab Emirates (UAE) will invest $5 billion in an oil refinery project in Pakistan by the end of 2019. An investment of this volume is unprecedented and one of the biggest investments in a refinery project. “It is going to […]
Authorities urged to speed up work on Waste to energy projects
Punjab Chief Secretary Yousaf Naseem Khokhar while presiding over a meeting to review progress on the waste to energy project at Civil Secretariat directed the authorities to speed up pace of work on waste to energy project and enhance coordination with the federal government to remove the ‘bottlenecks’. Secretary Energy Aamir Jan briefed the meeting […]
Major foreign investment in Pakistan
Chinese company starts construction of Ceramics manufacturing unit The first foreign ceramics factory has started construction of one of its kind ceramics unit with an investment of $70 million in Bhalwal Industrial Estate, which is managed by Punjab Industrial Estates. According to Punjab Industrial Estate Development and Management Company, (PIEDMC) Chairman Nabeel Hashmi, the company […]
Development projects worth Rs681bn approved by ECNEC
The Executive Committee of National Economic Council (Ecnec) has approved developmental projects worth Rs681bn. The meeting of ECNEC was presided over by Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh. On the proposals of Ministry of Planning, Development and Reform, the Ecnec approved construction of 21-km long dedicated Yellow Bus Rapid Transit-BRT Corridor […]