Islamabad IT Park to be completed soon
During a meeting regarding Information Technology parks presided over by Prime Minister Shehbaz Shareef, the Ministry of Information and Technology informed that the project of Islamabad IT Park will be completed next year with the cooperation of South Korea. The ministry highlighted that the Islamabad IT Park will help in the provision of startups, incubation […]
Reduction in major CPEC Project costs discussed
Reiteration of three projects have been ordered by the Federal Minister for Energy, Planning and Special Initiatives Ahsan Iqbal after the thirteenth Joint Coordination Committee (JCC). While speaking to the media, he added that the projects include Azad Patan and Kohala Project and they will provide 1800MW of hydel energy to the country. Moreover, the […]
CEO EDB suspended by MOI&P
Chief Executive Officer (CEO) Engineering Development Board (EDB) Raza Abbas Shah has been suspended by the Ministry of Industries and Production (MOI&P). The reason is said to be the annoyance of GoP due to the controversial policies of the EDB CEO with the industrial sector, especially new entrants under Auto Development Policy 2016-21 which created […]
UAE’s $10 billion investment includes technology and green energy portfolios
The United Arab Emirates (UAE) is said to have committed for a $10 billion investment in the economic sectors of Pakistan. This commitment is said to have happened as a result of a meeting between the Prime Minister Shehbaz Shareef and Sheikh Muhammad bin Zayed Al Nahyan during a visit to the Emirates. “President of […]
OICCI and Shell arrange Pakistan Energy Symposium
The Nutshell Group organized a ‘Pakistan Energy Symposium’ hosted by Overseas Investors Chamber of Commerce and Industry (OICCI) and Shell Pakistan Ltd as a means to bring together public stakeholders, policymakers, thought leaders, and industry specialists, to chart out a course for Pakistan’s sustainable energy future. Federal Minister for Petroleum and Water Resources, Senator Dr […]
Kohinoor Energy incorporates new solar power subsidiary
Report by Engineering Post Kohinoor Energy Limited is a popular and prominent name in the energy sector and has taken an important step forward towards expanding its energy portfolio in a positive and appreciable manner. It has to establish a new subsidiary based on solar power which has since been approved by its Board of […]
Well Togh-2 in Kohat commences oil and gas production
Report by Engineering Post Oil and Gas Development Company Limited (OGDCL)’s operated Togh and Togh Bala Development Lease, has since gone into production as for as Togh-02 well , located in Kohat district of Khyber Pakhtunkhwa was concerned from Lumshiwal Formation. The Togh-02 well was reported to contribute 70 barrels of condensate oil and 8.0 Million Standard Cubic […]
Oil refineries seek more time for up gradation under Pakistan Oil Refinery policy
Report by Engineering Post The Petroleum Division of the federal Government has sought a six months extension to enable all five oil refineries to sign the Pakistan Oil Refining Policy for undertaking the required upgradation of services. On upgradation of their services as envisaged in the policy the oil refineries will be entitled to avail incentives like producing Euro-V […]
Digitization process of Pakistan moving on a fast track
Report by Engineering Post Pakistan is fast moving towards digitization in order to keep pace with the technological developments and innovation taking place around the world almost on a daily basis.. Pakistan is going to have its first Digital City located in Haripur district of Khyber Pakhtunkhwa spanning over 11 acres costing Rs 8 billion. […]
A look at working of Foreign Estate Investment Trusts
Engineering Post Report Real Estate Investment Trusts (REITs) are investment schemes that own and most often, actively income-producing real estate. Through such schemes, investors may own, operate or finance income- generating property across various real estate categories. A REIT investor owns real-estate backed units that sell like other units/listed security, thus enabling the holder of the units to invest directly in […]
A brief look at Sustainable Energy
Report by Engineering Post The energy sector of Pakistan has overcome the prolonged demand – supply challenge through proper planning and implementation of a large number of power generation projects. However, the power generation was not yet fully commensurate with the transmission and distribution capacity of the energy power system. Consequently, the federal government was accordingly prioritizing transmission and distribution projects for achieving the […]
To promote knowledge and technology based development: Over two dozen schemes in process of being launched
Report by Engineering Post One of the most important goals of Vision 2025 is to create a ” Knowledge Economy and Technology-based Economy’ through adopting various measures Over two dozen schemes have either been already launched or in the process of being launched by the official quarters concerned in the country. Some of these include “Strengthening of […]