LSMI shows promising growth, despite yearly decline
The Pakistan Bureau of Statistics (PBS) announced a noteworthy upswing in the Large-Scale Manufacturing Industries (LSMI) output. In August 2023, there was a 2.52 percent surge compared to the same month in 2022, and an impressive 8.44 percent leap from July 2023. Over the period of July-August 2023-24, the LSM sector displayed a growth of […]
Pakistan Celebrates $25 Billion milestone in CPEC Projects at Belt and Road Forum
During the Belt and Road Forum in Beijing, Caretaker Prime Minister Anwaar-ul-Haq Kakar announced that his country has successfully executed more than 50 projects valued at $25 billion as part of the China-Pakistan Economic Corridor (CPEC). Kakar emphasized that one particularly noteworthy project, a substantial airport located at the Gwadar port funded by China as […]
PRL and UEG ink Historic $1.5 Billion deal in petroleum sector
The Pakistan Refinery Limited (PRL) and the United Energy Group of China (UEG) inked a significant memorandum of understanding (MoU), committing a substantial investment of $1.5 billion into Pakistan’s petroleum sector. This move, as stated by the Prime Minister’s Office (PMO), is a strategic step towards reducing Pakistan’s dependence on costly imported fuels, thereby mitigating […]
China Railway Corporation to build Karachi Circular Railway at $2.002 Billion
The construction of the Karachi Circular Railway (KCR) at a cost of $2.002 billion will be undertaken by the China Railway Construction Corporation (CRCC). This decision was made following a meeting between the Caretaker Chief Minister of Sindh, Former Justice Maqbool Baqir, and the President and Vice President of CRCC in Beijing. According to reports […]