Increased LSMI yearly output stated by PBS
Pakistan bureau of statistics (PBS) released the data for trade of large scale manufacturing industries (LSMI) according to which, the output has increased by 7.8 percent in the July -February 2021-22 span as compared to the same time last year. An 8.4 Percent increase was seen for February 2022 as compared to February 2021 but […]
Diamer Bhasha dam to be completed by 2026, 3 years earlier
Prime Minister Muhammad Shehbaz Shareef spoke at a briefing in Diamer earlier and requested the work on the dam project to be accelerated. The project was started by Prime Minister Nawaz Shareef in 2016 and was said to be completed by 2029. According to the current deadline the project is said to be completed by […]
Pak-Chinese tyre manufacturing JV becomes operational
The joint venture of China’s Chaoyang Longmarch Tyre Co. Ltd. and Pakistan’s Service Industries Ltd has become operational which makes it the first plant in Pakistan with the ability to manufacture all steel radial tyres for trucks and buses. Service Industries Limited has a 51 percent share in this JV. Chaoyang LongMarch owns 44 percent […]
PM directs prompt completion of Rawal Chowk Flyover
Prime Minister Shehbaz Sharif has directed the concerned authorities to complete the Rawal Chowk Flyover by September 2022. While expressing concern, Shehbaz said that work on the project could not be completed on proper time and said that the project should be completed by 1st September 2022. The prime minister said that mega projects can […]
Railway can have 20% freight business of country
ML-I to reduce travel time between Karachi and Lahore to 10 hours After the completion of Main Line-I (ML-I) under China Pakistan Economic Corridor (CPEC), Pakistan Railways is expecting to handle over 20 percent of the country’s freight business. This will make profitable entities for the department. Currently, Pakistan Railways is transporting only four percent […]