Hub Power Holdings partners up with Mega conglomerate
Mega Motor Company (Private) Limited has taken significant steps to establish itself in Pakistan’s growing electric vehicle (EV) sector. The company has entered into a supply and manufacturing agreement, as well as a technical license agreement, with BYD Auto Industry Company Limited, the world’s largest EV manufacturer. Furthermore, in June 2024, Mega Motor finalized a […]
Pakistan’s Vision for Semiconductor Self-Reliance
The Ministry of Information Technology and Telecommunication has drafted the “Semiconductor Policy and Action Plan,” aiming to boost Pakistan’s semiconductor industry with grants, subsidies, and incentives. Key proposals include extending Special Technology Zone (STZ) benefits, exempting import duties on equipment, offering soft loans with a 25% interest rebate, and providing 25% tax rebates. Additionally, the […]
PPL Makes Second Gas and Condensate Discovery at Shah Bandar Block
Pakistan Petroleum Limited (PPL) has announced a significant second discovery of gas and condensate at its Pateji X-1 well in the Shah Bandar Block, located in Sujawal, Sindh. This breakthrough highlights the ongoing potential of the region’s hydrocarbon reserves. In a statement to the Pakistan Stock Exchange, PPL revealed that the discovery was made in […]