Industrial amnesty to help country progress

The industrial amnesty proposed by PM Imran Khan is bound to help the country progress as it will incentivise the industrialisation process which will not only generate employment opportunities but will also help in supporting the economy of the country. Economic experts believe that the package is a wonderful step towards industrialisation, foreign and local […]

UAE to acquire Guddu Power plant

The United Arab Emirates (UAE) is reportedly interested in the acquisition of 747-MW Guddu Power plant (GPP). According to sources recently Sheikh Hamad Bin Khalifa Bin Mohammed Al Nahyan penned down a letter to Prime Minister Imran Khan stating “We understand that the Government of Pakistan is in the process of privatisation of Guddu Power […]

TAPI gas line project hits another problem

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas line project the much delayed $10bn project has hit another obstacle. Asian Development Bank (ADB) the principal financer for the project has paused all due diligence and processing activities until the Taliban regime is legitimised by the United Nations and big economies of the world which is unlikely to happen quickly […]

Steel prices rising amid Russia Ukraine war

The war between Russia and Ukraine is having a direct impact on the prices of steel bars in Pakistan. For the first time in history the prices of steel rebars has crossed Rs 200,000 per metric ton mark due to sudden surge in the raw material cost in the international market. According to Pakistan Association […]

Privatisation of PSM facing unprecedented delays

The privatisation of Pakistan Steel Mills Corporation (PSMC) has been hampered due to many unprecedented issues related to the unpaid receivable by the company. Currently the main hindrance is the Sui Southern Gas Company Limited (SSGCL) which has refused to issue the relevant No Objection Certificate (NOC) for PSMC. According to sources SSGCL had been […]

Pakistan signs MoU with Uzbekistan for Railway

During the recent visit of Uzbek President Shavkat Mirziyoyev, Pakistan and Uzbekistan on Thursday signed various agreements and Memorandums of Understanding (MoUs), including the bilateral Preferential Trade Agreement (PTA) for increased cooperation in the areas of trade, culture, tourism, connectivity, climate change and security. During the visit a MoU between Pakistan’s Ministry of Railways and […]

Ministry of Science and Technology to take over NEECA

The Ministry of Science and Technology (MoS&T) is planning to take over National Energy Efficiency and Conservation Authority (NEECA), which is currently an arm of the Power Division. In order  to develop and implement the Energy Efficiency Standard & Labelling (EES&L) programs and the Energy Conservation Building Code as per the NEECA Act, NEECA has […]

K Electric to inaugurate RLNG fired BQPS-III

K electric reaches a huge checkpoint as they install their first unit of 900MW RLNG fired Bin Qasim power station III (BQPS-III). The unit will provide 450MW of energy as a first phase of the project. K electric invited Prime Minister Imran khan for the inauguration ceremony of the unit. The power division wrote a […]

Descon completes 20 shutdowns in 6 months

Descon Engineering Limited has successfully completed 20 shutdowns combined in the Middle East and Pakistan region during the first half of the current fiscal year. The company already has three more major shutdown jobs in progress at the moment which are expected to be completed by the end of quarter 3. The said projects were […]