Year: 2021

Six SEZs, Industrial Parks Being Gasified for Increased Industrial Production

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The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) are currently in process of executing at least six strategic projects to supply gas to special economic zones (SEZs) and industrial parks in their respective areas to give a boost to industrial production. The SNGPL is constructing a 12-kilometre (KMs) pipeline to supply 30 Million Cubic Feet per Day (MMCFD) gas to Rashakai Special Economic Zone.  “The project is expected to be completed by the end of December, 2021,” according to an official document…

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Chinese B2B Firm to Invest $50 Million in Pakistan

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Following betterment in ease of doing business in Pakistan, many international companies have expressed their intention to invest in the country and a handful of them are gearing up to pour initial investment. A Chinese internet-based business-to-business (B2B) platform has announced plans to inject $50 million into Pakistan to facilitate local retailers of building material. Under the investment plan, Global Building Material (GBM) would open its first branch in Lahore in December and also launch a mobile app to facilitate the business community, announced GBM Pakistan General Manager David Wei…

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Pakistan’s Auto Market Too Small For So Many Players

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Ahmed Kuli Khan Khattak, CEO of Ghandhara Nissan on Tuesday said country’s auto market was too small for so may new entrants, evident from the fact they have been unable to make any significant dent in the market share of the old ones. KARACHI: Ahmed Kuli Khan Khattak, CEO of Ghandhara Nissan on Tuesday said country’s auto market was too small for so may new entrants, evident from the fact they have been unable to make any significant dent in the market share of the old ones. Khattak, who is…

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ADB Sees Higher Than Estimated Inflation in Pakistan

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In its Asian Development Outlook (ADO) Supplement, the Manila-based lending agency also lowered economic growth forecast for South Asia to 8.6 per cent, from its earlier projection of 8.8pc, and increased inflation forecast to 5.9pc, up from 5.8pc rate of inflation it had earlier estimated for current year. “Much of the forecast upgrade reflects a higher projection for Pakistan, where adjustments to energy tariffs and higher global commodity prices are expected to exert upward pressure on domestic prices,” reported the ADO supplement without actually projecting an inflation number. In September,…

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Pakistan to Boost Shipping Fleet to Tackle Global Logistics Crisis

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Pakistan is working to boost the capacity of its shipping fleet to draw on its strategic geographical position and help tackle the effects of a global supply chain crisis, the country’s maritime minister told Reuters. Pakistan has a coastline of over 1,000 kilometres (621 miles) and three major ports, including Karachi. It is two days sailing time from destinations in Africa and the Middle East and its western shoreline is close to the Strait of Hormuz oil chokepoint. A surge in demand for retail goods from people stuck at home…

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