China inaugurates World’s second largest hydropower station
The world’s largest hydropower station has come online in China. The 289-metre (948 feet) high Baihetan Hydropower Station in southwest China, second in the world only to the country’s Three Gorges Dam in terms of power generation, began partial operation. Baihetan was built with a total installed capacity of 16,000 megawatts, which means it will […]
Project to uplift Southern Punjab
Noor Ahmed, secretary, Ministry of Economic Affairs has signed an agreement with the World Bank to uplift the rural areas in the domain of sustainable water supply. To ensure the equitable and inclusive socioeconomic opportunities for the Sothern Punjab, eight districts are added in the list. The districts are; Bahawalnagar, Bahawalpur, DG Khan, Lodhran, Multan, […]
IITFC signs $4.5bn agreement with Pakistan
The International Islamic Trade Finance Corporation (IITFC) has signed a 3-Year agreement with Pakistan worth $4.5 billion in order to provide financing for the import of essential commodities such as crude oil, refined petroleum products, LNG, and urea. IITFC is an autonomous entity within the Islamic Development Bank Group created with the purpose of advancing […]