Govt to focus on fisheries development in phase 2 of GLLSP
After the successful completion of Gwadar-Lasbelia Livelihoods Support Project-I (GLLSP-I) the government has initiated the second phase of the project namely GLLSP-II. The GLLSP-II will cover all ultra-poor and poor households in the poverty band of 0-40 with an appropriate mix of an integrated support package, and to synergize interventions with government’s own poverty graduation […]
All you need to know about PCRCL
Under the provisions of Corporate Restructuring Companies Act 2016 with an initial paid-up capital of Rs500 million, 10 banks have decided to establish the Corporate Restructuring Company (CRC) first of its kind company in the country. The shareholder agreement was signed by presidents and representatives from Habib Bank, National Bank of Pakistan, United Bank, MCB […]
Tender floated for 18 new blocks; Oil exploration companies encouraged to work in High risk areas
According to the Petroleum Division there has been a 7 percent decline in domestic gas production and 5 percent growth in consumption compared to winter 2018, thereby effectively creating a 12 percent gap between consumption and supply. Due to this growing disparity between supply and demand of oil and gas the petroleum division has decided […]
Azakhel Dry port completed in record time of 12 months
Azakhel dry port located in Nowshera district was completed at a cost of Rs510 million. Prime Minister Imran Khan inaugurated the project in the second week of January. The state of the art dry port was completed in a record time of 12 months. This dry port would not only fulfill requirements of traders but […]
New Industrial policy to accelerate industrial activity
According to Mr. Abdul Karim Khan, the provincial government is working on the draft of the new industrial policy that will prove a milestone in the sustainable economic development of the KPK. He expressed his thoughts while presiding over a review meeting regarding Industrial Policy 2020 for the province. Besides him, the Secretary Industries and […]