Three mega projects approved by NHA
The Executive Board of National Highways Authority (NHA) has approved three mega road infrastructure projects. These projects include; (a) Hyderabad-Sukkur Motorway (M-6); (b) Sialkot-Kharian Motorway; and (c) Balkasar-Mianwali Road (Dualization and Rehabilitation). The chairman NHA chaired a meeting of the Executive Board and discussed construction of PPP projects with the support of Viability Gap Funding […]
State Owned Oil Companies to invest $400bn
According to claims made by a non-governmental organization that State-owned oil companies will make an apathy decision to invest about $400 billion in the next decade on new oil projects. As the world is moving towards renewable energy resources, this will be a wrong door to knock down. Oil prices have ascended to around $60 […]
Chinese spacecraft reaches Mars orbit
China has become the sixth nation to ever reach Mars, after its dual orbiter and lander Tianwen-1 spacecraft successfully entered the planet’s orbit. Tianwen-1, which means “quest for heavenly truth”, took off last July from Hainan Island off the south coast of China. Tianwen-1’s arrival came just eight days before NASA’s $2.4 billion Perseverance rover […]
Cabinet approves payment of Rs403 billion to IPPs
The issue of Independent Power Producers (IPPs) has been in the news a lot in the last few days. At the time of writing this news item 46 IPPs including wind and solar projects have signed the final agreement of the government agreeing to the terms and conditions laid out. In return the government has […]