Hubco will become 2nd largest shareholder of SECMC after 9.5% acquisition
Hub Power Company Limited has taken a significant step towards strengtheningits position in the energy sector by deciding to acquiring an additional 9.5 percentstake in the Sindh Engro Coal Mining Company Limited (SECMC). The stake, heldby Habib Bank Limited (HBL), will elevate Hubco’s total holding in SECMC to 17.5percent, making it the second-largest shareholder in […]
ACWA Power to Offer Low Tariff for Solar Project in Pakistan
Saudi company ACWA Power is poised to present a competitive tariff for a 600 MW solar project in Pakistan, citing its success in delivering solar projects in the UAE and Oman at just 2 cents per unit, according to insider sources. The Interest from ACWA Power in Pakistan’s renewable energy sector has been longstanding, with […]
Consortium formed to execute White oil pipeline project
A memorandum of understanding (MoU) for the formation of a consortium to execute the Machike-Thallian-Tarujabba White Oil Pipeline Project has been at the SIFC Secretariat. The project aims to transport petroleum products from Machike in Punjab to Tarujabba in Khyber Pakhtunkhwa through a 427-km pipeline. The MoU was signed by the heads of the consortium […]
Textile exports increase by 10 percent
The official data shared by the Pakistan Bureau of Statistics (PBS) has shown a positive trend towards increase of exports of textile on a (Year on Year) YoY basis. The data on exports and Imports released by PBS revealed that on a month-on-month (MoM) basis, textile exports registered 3.98per cent growth in January 2024 and […]
WAPDA poised to divert River Swat at Mohmand Dam Project in April
WAPDA is poised to divert River Swat in April this year at the under-construction Mohmand Dam, as diversion system of the project is steadily heading towards completion in accordance with the timelines. Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) visited Mohmand Dam, being constructed across River Swat in Mohmand district of Khyber Pakhtunkhwa province. […]
Govt to adjust RD to support local industries
The Commerce Ministry has decided to adjust Regulatory duties to support domestic industries in the initial phases. These initiatives, in accordance with the guidelines set forth in the National Tariff Policy 2019-24, signify the government’s commitment to supporting and protecting local businesses. Following a comprehensive evaluation process, the Tariff Policy Board (TPB) convened its 52nd […]