Building Refinery and petrochemical Complex
Sinopec invited to collaborate with Aramco Pakistan State Oil (PSO) has reached out to M/s Sinopec, a leading Chinese energycompany, to join forces with Saudi Arabia’s Aramco in building an advancedrefinery and petrochemical complex within Pakistan.In a correspondence addressed to the President of Sinopec Corp, Yu Baocai, PSO’sManaging Director/CEO, Syed Muhammad Taha, expressed PSO’s eagerness […]
Economic Zones to be set up in tribal districts
Caretaker KP Minister for Industries, Commerce, Technical Education, and NewlyMerged Districts Affairs, Dr. Syed Amer Abdullah, has taken significant stepstowards the creation of economic zones (EZs) in the tribal districts of Kurram andSouth Waziristan. During a meeting held at the Civil Secretariat, various aspectsrelated to the establishment of these economic zones in tribal district werediscussed. […]
Korean company to invest in Mira Power Limited
In a significant development, the Competition Commission of Pakistan (CCP) hasgranted approval for a merger that will see increased international investment inPakistan’s hydropower industry. The transaction involves Korea-based M/s. DLE&C Co. Ltd (Acquirer) acquiring shares in M/s Mira Power Limited (MPL), thecompany Involved in operating the 102 MW Gulpur hydropower plant.M/s. DL E&C Co. Ltd […]
Rising Trends and Export Strategies in Pakistan’s IT and ITeS Sectors
The export earnings from IT and IT-enabled Services (ITeS), which encompass computerservices and call center services, rose by approximately 12.7 percent during the initial sevenmonths (July-January) of the fiscal year 2023-24, reaching $1.720 billion compared to $1.525billion in the corresponding period of the previous fiscal year. Official data reveals that ITeSexport earnings decreased by roughly […]
OGDCL discovers gas at Kharo-1 well, near Khairpur
The Oil and Gas Development Company Limited (OGDCL) has reported a major gas condensaterecovery at the Kharo-1 well in the Khewari exploration license area, situated in DistrictKhairpur, Sindh province. OGDCL operates the Khewari Block, holding a 95 percent workinginterest, with Government Holding Private Limited (GHPL) as a joint venture partner with a 5.0percent working interest. […]