Chinese envoy expresses interest in the manufacturing and housing sectors
ISLAMABAD: Nong Rong, the Chinese ambassador to Pakistan, expressed a strong desire to investigate the business potential in the nation’s manufacturing and housing industries on Wednesday. According to a news release, Iftikhar Ali Shallwani, the federal secretary of housing and works, appreciated the envoy’s dedication and interest when he visited him at his office. In […]
Untapped export potential for Pakistani phones, electrical goods, and car parts
ISLAMABAD, 13 Oct. In response to the slower economy in light of the flooding, Syed Murtaza Mahmud, the Federal Minister for Industries and Production, said, “Pakistan may become an export hub for car components, mobile phones, and electrical goods.” On May 19, the government enacted an import ban on more than thirty luxury and non-essential […]
Pakistan’s rice export options
India restricted sugar exports in May 2022 and outlawed the export of wheat. Additionally, it has prohibited the export of broken rice and imposed an additional 20% tax on milled and semi-milled rice (excluding parboiled and basmati varieties). By increasing supplies and reducing food inflation, these actions seek to manage “national food security.” Since over […]
Government will issue bonds to raise $7 trillion
KARACHI: Over the next three months, the government hopes to raise more than Rs7 trillion by offering a variety of short- and long-term sovereign bonds to financial institutions (October-December). This is in reaction to the destruction brought on by the floods and the requirement to raise more funds to deal with their aftershocks. By issuing […]
Areas Affected By Floods Need 2,990,000 Seed Bags for Rabi Crops
ISLAMABAD: To meet the demands of the upcoming Rabi season, flood-affected areas across the nation need 2.99 million seed bags, Commissioner Food Security Ministry of National Food Security and Research announced at a meeting held on Wednesday at the National Flood Response and Coordination Center (NFRCC). At the meeting, which was presided over by Minister […]
For FY 2022–2023, the ECC approves the continuance of RCET for industries with an export focus
ISLAMABAD: For the duration of the current fiscal year, the Regionally Competitive Electricity Tariff for export-oriented industries has been authorised by the Economic Coordination Committee. The decision was made during a Committee meeting in Islamabad, which was presided over by Minister of Finance and Revenue Ishaq Dar. The conference determined that from this month’s first […]
NEPRA admitted Tariff Modification Reference for 300 MW Coal Fired Power Gwadar
ISLAMABAD, 12 October The National Electric Power Regulatory Authority (NEPRA) has approved CIHC Pak Power Company (Pvt.) Limited’s appeal for adjustment or revision of the reference tariff for its 300 MW Gwadar Coal Fired Power Generation project in Gwadar, Balochistan. Under Sections 7 and 21 of the NEPRA Act and Rule 3 of the NEPRA […]
Chinese expert delegation travels to Pakistan to conduct catastrophe assessments and provide advice on flood management and disaster mitigation
A Chinese government expert team headed by the Ministry of Emergency Management left for Pakistan on October 11 in order to conduct a catastrophe assessment and provide recommendations for flood mitigation and prevention. Eleven people from several agencies, including the China Meteorological Administration, the Ministry of Water Resources, and the Ministry of Emergency Management, make […]
China is a world leader in hydropower
China is one of the world’s top producers of hydropower. Due to its enormous hydropower resources, installed capacity, and cutting-edge techniques, research, and development, China has continued to lead the world in the production of green energy from hydropower since 2004. The 22.5GW Three Gorges hydroelectric power plant in China is the biggest hydropower facility […]
Newly inaugurated Coal Power Plant creating jobs, easing fuel import cost
THARPARKAR: The newly inaugurated coal power plant is illuminating villages, generating employment, and reducing the cost of fuel imports as Pakistan successfully opened its third power plant with a 330MW capacity on indigenous Thar coal. The Thar Energy Limited (TEL) power plant, part of CPEC Block II and finished by Hubco company in the Tharparkar […]