Iran to supply 100MW of electricity to Gawadar, agreement signed
Minister of Energy, Khurram Dastgir Khan, as was instructed by the PM of Pakistan Shehbaz Shareef, visited Iran earlier to communicate with his counterpart in the neighboring country Ali Akbar Mehrabian on increasing and strengthening the relations between both the countries mutually. The main reason for his visit was to discuss the project of a […]
PCATP elections scammed, IHC to look into the matter
Pakistan Council of Architects and Town Planners (PCATP) organize elections for the executive committee every two years. The results of the election held by PCATP in 2023 has been challenged in the Islamabad High court on accounts of hacking of the online polling system and disturbance in the results. Islamabad high court has been requested […]
Chinese Group showed interest to invest $2Bn in Telecom Sector
Sunwalk (Pvt) Ltd. Is a multinational telecom company based in China that has developed multiple technology based telecommunication infrastructures in China and has also acquired the TIP license in Pakistan. The company intended to invest 2 billion dollars for the installation of a stable fiber optic network in Pakistan that will be able to cover […]
Govt to hand over DISCOs to provinces
The Prime Minister, Shehbaz Sharif, presided over a high-level meeting to discuss the handover of electricity distribution companies to the provinces. During the meeting, the Prime Minister was informed about the losses incurred by electricity theft, non-recovery of billed amounts, and line losses of electricity distribution companies. The meeting was also presented with a comparison […]
Large scale manufacturing witnesses 4.4 percent decline
Pakistan’s Large Scale Manufacturing Industries (LSMI) output decreased by 4.4% in the first seven months of the 2022-23 fiscal year, compared to the same period last year, according to the Pakistan Bureau of Statistics. The provisional Quantum Index numbers (QIM) showed that the LSMI output decreased by 7.9% in January 2023, compared to January 2022, […]
National shipping corporation signs MoU with ENAR
Pakistan National Shipping Corporation (PNSC) and ENAR Petroleum Refining Facility signed a Memorandum of Understanding (MoU) to explore ways to reduce operational costs for the corporation. One of the key areas of collaboration will be to provide Very Low Sulphur Fuel Oil (VLSFO) for PNSC vessels. This means that all PNSC vessels calling at Karachi […]
Punjab Government canceled issued lisences of salt mining
A decision has been taken by Punjab government to cancel issued licenses to 56 companies for the salt mining. The decision has been taken during the 9th provincial Cabinet meeting chaired by Caretaker Chief Minister Punjab Mohsin Naqvi. The Punjab Cabinet has granted approval to start proceedings in order to cancel the issued licenses according […]
Cement Despatch is facing serious operational problems
In Feb 2023, Cement despatches declined by 7.10 percent as total and remained at 4.040 million tons against 4.348 million tons despatched during the same month of last fiscal year. According to the data released by All Pakistan Cement Manufacturers Association, local cement despatches by the industry during the month of February 2023 were 3.590 […]
Iran seeks upward tarrif revision for Electricity supply
Pakistan has invited Iranian Energy Minister Ali Akbar Mehrabian to discuss the tariff for an additional 100MW of electricity to be supplied to Gwadar, as Iran has sought a revision in the existing agreement for an upward revision in the tariff. The project involves the supply of 100MW of additional electricity from Iran to Makran […]
World Bank has shown willingness to extend financing to upgrade inefficient fans
In order to facilitate and upgrade the inefficient fans costing over Rs 300 billion, World Bank (WB) has shown willingness to extend financing for government initiative. Under the chairmanship of SAPM on Governance Effectiveness Jehanzeb Khan to streamline the implementation of energy efficiency initiatives, Power Division presented the initial concept of fan replacement program. Additional […]
Pak Army to use Solar energy for its cantonments
Pakistan Army has decided to plan and implement the use of solar energy for their cantonments and limit the utilization of non renewable forms of energy to play their part in creating solutions for the current energy crisis in the country. The main reason for this decision is to shift from a much expensive system […]
ABAD’s steel boycott improves market conditions
A press conference was held to increase awareness of the current market situation regarding ABAD’s (Association of Builders and Developers) boycott of purchase of steel. Patron-In-Chief Mohsin Sheikhani, Chairman ABAD Altaf Tai, Senior Vice Chairman Khawar Munir, Vice Chairman Nadeem Jeewa, Chairman Southern Region Raheel Rinch and other ABAD representatives were a part of the […]