Large scale manufacturing up by 2% year on year
According to the data released by the Pakistan Bureau of Statistics (PBS) it has been revealed that the LSM has increased by 2.04 percent when compared to march 2023. Overall, Large Scale Manufacturing Sector has shown a growth of -0.10% during July-March 2023-24 when compared with the same period of last year. The provisional quantum […]
SECMC to provide Thar coal to 660MW lucky coal power plant
Private Power & Infrastructure Board (PPIB) has asked the Sindh Engro Coal Mining Company (SECMC) to make sure that local coal is provided to the Lucky Electric Power Co. Ltd (LEPCL) 660-MW coal power project. In this regard PPIB has asked SECMC to provide complete schedule of phase-3 of Thar coal project along with milestones […]
Trina solar to inject 200MW solar energy to Pakistan’s energy mix
Trina solar, China’s energy giant has announced plans to inject 200 megawatts (MW) of solar energy into the country’s grid. The initiative, set to be realized through the supply of cutting-edge Vertex N modules, marks a significant step forward in Pakistan’s quest for sustainable energy solutions. Trina Solar is collaborating with the key Pakistani companies […]
China willing to upgrade work on CPEC phase 2
China has decided to further promote the efforts for the second phase of China-Pakistan Economic Corridor (CPEC). During a recent meeting of a high level delegation in China it was decided that work needs to be renewed on the second phase of CPEC. Foreign Minister Senator Ishaq Dar met with Foreign Minister Wang Yi. During […]
10 percent Duty proposed on Solar Panel imports
The Private Power and Infrastructure Board (PPIB) gave a proposition for 10 percent duty on Solar PV module imports up till the next 10 years. The aim for this proposition is said to be the promotion of domestic manufacturing of PV panels. According to the Managing Director PPIB, the organization reviewed the draft summary for […]
Dawood Hercules to be rebranded as Engro Holdings
Dawood Hercules (DH) Corps and Engro Corps have approved a proposal for the restructuring of the already present shareholding between both the companies. The aim for the approval of this restructuring plan is to increase investment opportunities of the enterprise and the plan is to be approved finally by the Board and shareholders. DH Corps […]
FPCCI organizes session on Energy Conservation
A live session was organized by the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on the topic of “Powering Pakistan’s Future: Strategies to Address the Energy Crisis” where experts addressed the need for energy conservation and industrialization to help with the current energy crisis. Finance Minister, Muhammad Aurangzeb was the chief guest at […]