Govt announces relief package worth Rs.1.2 Trillion amid COVID 19
To reduce the effect of lockdowns and business closures on the incomes, the government has announced a special economic relief package worth Rs. 1200 Billion. To help the industrial sector, it was decided to release tax refunds amounting to Rs100 billion, besides, deferring of the interest payment. Concessional loans will be provided to SME and […]
Punjab to introduce modern irrigation systems in the province
In a bid to save irrigation water from being wasted Punjab government has prepared a detailed plan costing Rs.3.68 billion to introduce modern irrigation system in the Province. Under the program solar system would be installed for drip sprinkler irrigation on 20,000 acres of land in different areas of the Punjab. The government will provide […]
IPPs demanding overdue payments
Independent Power Producers Association (IPPA) has asked for an immediate payment of the over dues by Power department. Many of the IPPs are on the verge of defaulting if the dues are not cleared on time. The overdue position of 21 IPPs as of the end of February 2020 stood at Rs 331 billion of […]
10 Special Economic Zones for KPK
KPK provisional government has thought-out for the establishment of 10 Special Economic Zones (SEZs) to promote industry, trade and general employment opportunities for youth in the draft policy of KP Industrial Policy 2020-30. It includes Hattar SEZ extension (1000 acres), Darband (D.I. Khan) SEZ (1500 acres), Mohmand SEZ (350 acres), Nowshera extension EZ (77 acres), […]
Secretary Industries to notify Industries to operate
The Secretary Industries after discussing and consulting representatives of the Sarhad Chamber of Commerce & Industries and taking into consideration the recommendations of the Task Force has issued notification for the operations of Industries. From observance of Public Holidays announced in the wake of COVID-19 pandemic, the Secretary Industries had notified a task force of […]