Chinese companies keen interest in investment, joint ventures in Pakistan

Beijing, Nov 02 (Online): The Chinese companies have evinced keen interest in investment and joint ventures in Pakistan. During a meeting with Prime Minister Shehbaz Sharif in Beijing on Wednesday, they also accepted the invitation to invest in mega projects including Karachi clean drinking water […]

China’s Jiangsu sees freight volume growth in first three quarters

NANJING, Nov. 2 (Xinhua/APP): East China’s economic powerhouse Jiangsu Province has posted steady growth in its railway and waterway freight volumes in the first three quarters of 2022, helping stabilize the supply chain and industrial chain, the local transportation department said. The province reported over […]

Last date for encashment of withdrawn Prize Bonds extended

KARACHI, Nov 02 (APP): The Federal Government has given another opportunity to the public to get the withdrawn prize bonds of Rs7500, 15,000, Rs 25,000 and Rs 40,000 encashed by June 30, 2023. Earlier, the government had fixed deadline of June 30, 2022, for redemption/encashment […]

Railways retrieved 955 acres land to earn revenue

ISLAMABAD, Nov 2 (APP): Pakistan Railways has retrieved as many as 955 acres of its land worth Rs19, 603 million during various anti-encroachment operations across the country in the last five years. “Around 476 acres retrieved in Punjab, 133 acres in Khyber Pakhtunkhwa, 327 acres […]

Stalled development projects being revived: Dastgir

FAISALABAD – October 31 (ONLINE) Federal Minister for Power Khurram Dastgir Khan said Monday the incumbent government was reviving all development projects, put in cold store during the last four years. Addressing the inaugural ceremony of 220-KV Lalian grid station in Faisalabad on Monday, Dastgir […]

Pakistan wants to expand trade, investment ties with China: PM Shehbaz

ISLAMABAD – October 3o (ONLINE) Prime Minister Shehbaz Sharif Sunday said Pakistan wanted to expand trade and investment ties with China by making optimal use of the second phase of the China-Pakistan Free Trade Agreement and by enhancing industrial cooperation. In an article penned in […]

FPCCI for overhauling power sector

ISLAMABAD – October 30 (ONLINE) Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) on Sunday stressed the need for overhauling the power sector, through some drastic measures as the total cost of inefficiencies in the power sector is estimated at a […]

US oil giants report huge profits in tight energy market

New York, Oct 28 (AFP/APP): A day after blockbuster profits from European oil heavyweights, US oil giants ExxonMobil and Chevron reported another round of bumper earnings, prompting fresh attention from the White House. ExxonMobil scored a near tripling of third-quarter profits to $19.7 billion, a […]

TCP allowed to import 0.3 mln tons urea

ISLAMABAD, Oct 28 (APP): The Economic Coordination Committee (ECC) of the cabinet here on Friday allowed the Trading Corporation of Pakistan (TCP) to proceed ahead with the lowest offer received from M/s Makhdoom Logistics Services @ US$ 520/MT for the import of 300,000 MT of […]

NEPRA Imposes a Fine of Rs. 10 Million on NTDC

Islamabad, Oct 27 (Online): NEPRA has imposed a fine of Rs. 10 Million on National Transmission & Despatch Company (NTDC) for its failure to satisfy the Authority in the matter of revision in minimum loading limit of Lalpir and Pakgen power plants. The minimum loading […]