Day: January 21, 2021

ISLAMABAD: The State Bank of Pakistan (SBP) has received requests for Rs610.2 billion until Jan 7 under the Temporary Economic Refinance Facility (TERF) for setting up of new industrial units in order to support sustainable economic growth. Of the requested amount, the approved financing has reached Rs293.5bn under TERF during the end-April to June 7, 2021 period, Commerce Adviser Razak Dawood said in a tweet on Wednesday. The scheme, which was launched in March 2020, will come to an end on March 31, 2021. TERF provides long-term concessionary refinance at…

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K-Electric’s flagship 900 MW power plant, BQPS-III is progressing on fast track and the Gas Turbine, Generator and Heat Recovery Boiler for the first unit of 450 MW have arrived at the power utility’s Bin Qasim Power Complex. Steam Turbine and Transformers for the first unit are on the way to the site. All relevant civil works are progressing swiftly for the installation with the target of ensuring that the first unit is ready to be commissioned by the summer of 2021, and the second unit of 450 MW by…

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Foreign Minister Shah Mehmood Qureshi on Thursday announced that China has promised to provide 500,000 doses of a coronavirus vaccine to Pakistan by January 31. In a video message after a phone call with his Chinese counterpart Wang Yi, Qureshi said China offered Islamabad to send an airplane and airlift the vaccines. The minister said he held a detailed conversation with the Chinese foreign minister in which he “discussed Pakistan’s requirements”, after Prime Minister Imran Khan had directed him to increase interaction with Beijing “considering the sensitivity of the situation”.…

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The Oil and Gas Regulatory Authority (OGRA) has announced the resumption of issuing CNG licences 12 years after the Authority first slapped a ban on the practice, reported 24NewsHD TV channel. The Ogra got published advertisements in the newspapers asking citizens to apply for CNG licences to be run on RNLG.

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