Month: January 2024

Reko Diq project: Co asked to share logistic requirements

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Reko-Diq

ISLAMABAD: A federal government panel has asked Reko Diq Mining Company (RDMC) to share their logistic technical requirements of the project like initial and peak volume to be transported, power, gas and water as the company is unwilling to use Gwadar Port for the time being, well informed sources in Planning Commission told Business Recorder. Sharing the details, the sources said, in compliance with the decision of project Support Team on Reko Diq a meeting of the Sub Committee under the chairmanship Member (I&M), Planning Commission, General Zahir Shah was held…

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Murky politics in a fragile economy

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economy

In the development decade of the 1960s, the issue of trade and not aid cropped up because much of the industrialisation was debt-driven and business leaders started talking about increasing domestic savings, investment, production and exports. But over time, the trade gap mostly continued to widen. Tight monetary policy to depress domestic demand and ease external sector pressures resulted in de-industrialisation. Farm production suffered badly due to backward cultural practices and a lack of modernisation of agriculture. Agri-food imports rose by 64 per cent to $3.847 billion during July-December 2023.…

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OGDCL to Support Establishment of 45 Mammography Camps, Procure Radiation Machine for Cancer Treatment

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csr

OGDCL to Support Establishment of 45 Mammography Camps June 24, 2024 ISLAMABAD, January 05, 2024: While demonstrating unwavering commitment to healthcare, the Oil & Gas Development Company Limited (OGDCL) has made a significant donation to the Cancer Care Hospital & Research Centre for the establishment of 45 free Mammography camps in its operational areas. Additionally, the company’s support includes the procurement of a cutting-edge radiation machine for treating cancer patients nationwide, with a particular focus on its operational districts.Cancer remains a significant health challenge in Pakistan, and OGDCL recognizes the…

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Government of Pakistan and Karachi Electric (KE) Ink Agreements Providing Energy Security for Karachi

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New-Project-

In a landmark moment for the power sector, the Government of Pakistan and KE reached a significant milestone by signing various agreements underpinning Karachi’s energy security. The signing ceremony took place at the Energy Division on Friday and resolved long-standing disputes between the Government and KE, with foremost among these being regarding formalizing and securing a firm supply of power from the National Grid to Karachi up to the interconnection capacity. The agreements were signed by Government of Pakistan through its representative bodies in the presence of Mr. Muhammad Ali,…

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Hydropower, transmission: Major projects face rupee cover issue

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Karot-Hydropower

ISLAMABAD: Major hydropower and transmission line projects are reportedly facing Rupee cover issues due to less allocation in the Public Sector Development Project (PSDP) 2023-24, well informed sources in Ministry of Water Resources told Business Recorder. During discussion on Dasu Hydropower Project (phase-1) at a recent meeting on World Bank funded projects, Chairman Wapda stated that the project faced some initial delays but it is on track now. The implementation of the project is in full swing and disbursement of $ 157m is planned by end June 2024. Constraints were being…

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