NSCL to get 40MW from K-Electric via 132kV transmission line
Provincial Energy Minister Syed Nasir Hussain Shah announced that K-Electric will provide 40MW of electricity to National Steel Complex Limited (NSCL) through a 132 kV transmission line facilitated by the Sindh Transmission and Dispatch Company (STDC). This announcement was made during a signing ceremony for a memorandum of understanding (MoU) between STDC, K-Electric, and NSCL […]
PSM to be scrapped and export facilitation zone made on its land
Dr Muhammad Fakhr-e-Alam Irfan, federal secretary of Ministry of Industries and Production while briefing Senate Standing Committee on Industries and Production meeting revealed that the government has decided to permanently shut down Pakistan Steel Mills (PSM), a state-owned enterprise that has been incurring heavy losses since 2009. There is no buyer of PSM in the […]
Cement exports from Pakistan on the rise in 2024
Cement dispatches in June 2024 totalled 3.552 million tons, reflecting a dynamic shift in the industry’s focus towards international markets. The All Pakistan Cement Manufacturers Association (APCMA) released data showcasing a remarkable increase in export dispatches, a positive trend for the sector. Export dispatches in June 2024 saw a significant boost, rising by 14.19% from […]
17 projects officially approved by CDWP
Approximately 26 development projects were cleared by the Central Development Working Authority (CDWP) which are said to be costing a total of 900 billion rupees. Out of these projects, 17 of them were approved costing Rs33 billion while 9 projects of Rs867 billion were recommended to the Executive Committee of the National Economic Council (ECNEC) […]
Govt to support relocation of Chinese industries to Pakistan
The PM has approved the joint venture between Chinese and Pakistani companies where the Chinese industries will be facilitated in their move from China to Pakistan. The Prime Minister emphasized that promoting both domestic and foreign investment in Pakistan is the government’s top priority. To achieve this, the government is committed to creating a business-friendly […]