Concrete fortunes

There are few things that can put a dampener on the cement industry’s very ceremonious year so far and what does seem as one of the many prosperous years to come. Cement companies should be very happy with themselves. Despite the dark clouds of Covid-19, the sector—bolstered by government policies—has sold more cement than ever before and still has 16 percent more capacity left to consume. After going through an expansion phase that was only recently completed, the industry is revving for another capacity enhancement spree (potentially going up to…

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CPEC & Corridor of Knowledge | By Zulkafil H. Khan

THE China-Pakistan Economic Corridor (CPEC) has now brightened the chances of regional connectivity especially with Central Asian States. It has become an engine of growth. It has become an essential fuel of energy generation in which hydropower has outperformed other sources of energy.https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-3324216479772415&output=html&h=60&slotname=1758957544&adk=1226786057&adf=2643393648&pi=t.ma~as.1758957544&w=468&lmt=1622656044&psa=1&format=468×60&url=https%3A%2F%2Fpakobserver.net%2Fcpec-corridor-of-knowledge-by-zulkafil-h-khan%2F&flash=0&wgl=1&uach=WyJXaW5kb3dzIiwiNi4xIiwieDg2IiwiIiwiOTEuMC40NDcyLjc3IixbXV0.&dt=1622656818718&bpp=13&bdt=6148&idt=1444&shv=r20210525&cbv=%2Fr20110914&ptt=9&saldr=aa&abxe=1&cookie=ID%3D2deb3ce0df582199-22c8ffa23aa70026%3AT%3D1617042922%3ART%3D1617042922%3AS%3DALNI_Mbwd2vPoV9H2OpRAYvgq0SostNkLw&prev_fmts=728×90%2C0x0&nras=1&correlator=1157557665382&frm=20&pv=1&ga_vid=367642796.1617042914&ga_sid=1622656820&ga_hid=673744508&ga_fc=0&u_tz=300&u_his=1&u_java=0&u_h=800&u_w=1280&u_ah=756&u_aw=1280&u_cd=24&u_nplug=3&u_nmime=4&adx=183&ady=1262&biw=1264&bih=685&scr_x=0&scr_y=0&eid=42530671%2C31060975&oid=3&pvsid=3396830579704454&pem=349&eae=0&fc=896&brdim=0%2C0%2C0%2C0%2C1280%2C0%2C1280%2C756%2C1280%2C685&vis=1&rsz=%7C%7CoeEbr%7C&abl=CS&pfx=0&fu=0&bc=31&ifi=2&uci=a!2&btvi=1&fsb=1&xpc=slsPI6jqhL&p=https%3A//pakobserver.net&dtd=1475 It has become an instrument for massive industrialization. Last but not the least, it has accelerated the pace of industrialization in the country. While inaugurating the China-Pakistan Economic Corridor, President Xi-Jinping, said: “Friendship between China and Pakistan is based on trust and mutual support and we have…

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Govt to increase GDP growth to 6-7pc in coming years: Tarin

Federal Minister for Finance and Revenue, Shaukat Fayyaz Ahmed Tarin, on Tuesday, said that government would increase the GDP growth to 6-7 per cent in next couple of years to make Pakistan a regionally competitive economy. He chaired the second meeting of the Economic Advisory Council (EAC) at the Finance Division. The finance minister welcomed the participants and highlighted the objective of the formation of Economic Advisory Council, which is the promotion of evidence based policy formation and reforms with the effective consultation and feedback from all important stakeholders. He…

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Focus on maintaining growth momentum

The Economic Advisory Council (EAC) on Monday agreed to keep the focus of coming budget on agriculture, export diversification, higher subsidy allocations and to extend construction sector tax amnesty until December 31 to maintain the growth momentum. The second meeting of the EAC presided over by Finance Minister Shaukat Tarin deliberated upon six out of 12 expert groups. The minister told the EAC that ultimate goal of these consultations was to spur growth and take it to around 6-7pc in a couple of years to make Pakistan a regionally competitive…

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Govt intends to ensure ease of doing business in energy sector: Farooqi

Chairman, National Electric Power Regulatory Authority (NEPRA), Mr Tauseef H Farooqi, has said that the Renewable Energy (RE) portfolio of Pakistan can be improved by including Hydro power generation in renewable energy mix. He said this during the public private dialogue ‘Prospects of clean energy transition along the coastal areas of Karachi: Key challenges, development strategies, and the way forward,’ organized by sustainable Development Policy Institute (SDPI), here on Tuesday. “NEPRA is trying to de-regulate the market and investor friendly wheeling,” Mr Farooqi said while explaining that NEPRA is trying…

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