Funding of two significant projects approved by ISDB

According to a press release, the Islamic development bank in Jeddah, approved a total of 252.2 million dollars as an assistance in the category for funding of two vital projects in Pakistan. These projects include the green agenda in the energy sector and the steps being taken to neutralize the blow from the COVID 19 […]

Telecommunication exports gained up to 1.05 billion

The data released by the ministry of information and telecommunication stated the increase in the exports of the department on an year to year basis as compared to the data in last year November 2020. The data included the facts regarding telecommunication, computer and information services for the time span of July November fiscal year […]

170m Euro Thar-New Chorr rail track: MoU signed

Railway construction PVT LTD collaborated with the BIL Pakistan (Pvt) Ltd to agree on the construction of a new 105km rail track connecting Thar Coal Block-II with New Chorr station on the Hyderabad-Mirpurkhas Rail link. A memorandum of understanding was signed. The project is valued for 170 million euros and will be executed under foreign […]

Govt urged to treat wind and solar power as actual power generation source

A statement has been stated by Prof Dr Nasim Akhtar Khan, former vice-chancellor of Hamdard University at a seminar on solar energy organized by Goodwe Pakistan. He has suggested that government should treat wind and solar power as the main sources of power generation as hydrocarbons are actually the alternative means of power production in […]

Overall sectoral performance in 2021

The yearly ending stats depicts that Technology and textile spinning were the top performing sectors during the calendar year 2021 posting returns of 37 percent and 35 percent based on market cap. On the other hand, tobacco and refinery sectors remained the worst performing sectors posted a decline of 35 percent and 29 percent, respectively. […]

WB to finance $195 million project for efficient electricity distribution

The World Bank has signed Electricity Distribution Efficiency Improvement Project worth $195 million with the government of Pakistan to increase distribution efficiency and decrease line losses. Mian Asad Hayaud Din, secretary, Economic Affairs Division signed the loan agreement on behalf of the Government of Pakistan while Anjum Ahmad, operations manager, World Bank signed the agreements […]

Bin Qasim Power station 3 to become operational in 2022

The first unit of 450MW of Bin Qasim Power Station 3 (BQPS-III) which was scheduled to be commissioned in November 2021 is facing delays. The BQPS-III project is of 900MW with two units of 450MW each. But the project is facing delays in initiation of operations due to approvals from the federal government and COVID-19. […]