Year: 2023

CM, Federal BOI minister discuss establishment of industrial park at Steel Mills

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Chief-Minister

KARACHI (Dec 29): Caretaker Sindh Chief Minister Justice (Retd) Maqbool Baqar and Federal Minister for Commerce, Industries & Board of Investment Mr Gohar Ejaz Khan in their meeting at CM House discussed the need for the establishment of more Industrial Parks in Karachi.The CM said that industrialization was the only solution to develop the economy and create employment opportunities and it, of course, it open new vistas of prosperity and uplift.The meeting was attended by Chief Secretary Dr Fakhre Alam, Federal Commerce Secretary Sualeh Farooqi, Secretary Federal BOI Sohail Rajput…

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Envoy advises business community to diversify exports to Germany

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business-community

KARACHI: Consul General of Germany Dr. Ruediger Lotz has said that the textile sector was very important when it comes to bilateral trade as 85 percent of Pakistan’s exports to Germany comprises of textile products which, although was wonderful thing, but the exports need to be diversified to further improve the existing trade volume.Exchanging views at a meeting during his visit to the Karachi Chamber of Commerce & Industry (KCCI), German CG said that Pakistan’s textile industries were being run by highly trained professionals who have been producing good quality…

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Bilawal unveils PPP’s election agenda promising free electricity

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Bilawal-bhutto

GARHI KHUDA BAKHSH: Pakistan Peoples Party (PPP) chairman and former foreign minister Bilawal Bhutto Zardari has unveiled party’s 10-point agenda for general election 2024,Addressing a public gathering on the death anniversary of his mother and former prime minister Benazir Bhutto’s death anniversary in Garhi Khuda Bakhsh, Bilawal announced free electricity through solar power on consumption of 300 units after forming government.Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday unveiled a 10-point election manifesto of his party to deal with the challenges being faced the country and provide relief…

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Gas woes paralyse industries

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Oil-and-Gas

Shortage disrupts operations, imperils export orders; govt, SSGC urged to intervene KARACHI: A critical shortage of natural gas accompanied by perilously low pressure is wreaking havoc on industrial production, leading to delays in export orders worth millions of US dollars and escalating the overall cost of doing business, according to distressed exporters. They are urgently calling on the government and Sui Southern Gas Company (SSGC) to ensure a consistent gas supply with a pressure of 8 psi (pound per square inch) to meet export deadlines. Speaking to The Express Tribune,…

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20-year licences issued to seven DISCOs

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power-sector

Suppliers of Last Resort licences will remain valid till April 2043 ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has issued separate licences of the Suppliers of Last Resort (SoLR) to seven electricity distribution companies (DISCOs) for 20 years with retrospective effect, ie, from April 27, 2023. The licences will remain valid till April 26, 2043. “The authority approves the grant of supplier licences to DISCOs (to act as SoLR) in terms of Section 23E and 23F of the Nepra Act on the terms and conditions as set out in…

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