Author: Admin

UEP’s gas: ECC to allow allocation to SSGCL

Admin
SSGC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is to allow allocation of United Energy Pakistan’s (UEP’s) 35 mmcfd gas to Mohar Field to Sui Southern Gas Company Limited (SSGCL), well-informed sources told Business Recorder. Mohar Field is located in Latif Block, district Khairpur, Sindh province and the field is being operated by United Energy Pakistan (UEP) Beta GmbH with working interest of 33.40% along with Pakistan Petroleum Limited (33.30%) and Prime Pakistan (M) Limited (33.30%). As per the provisions of Petroleum Policy and Petroleum Concession Agreement (PCA) signed between…

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Body formed to probe power breakdowns

Admin
power-breakdowns

ISLAMABAD: The Power Division has constituted a two-member committee to probe reasons for recent power breakdowns across the country including explosion at Guddu 500 kV switchyard, well-informed sources told Business Recorder. On January 1, 2024, the Power Division, in an official statement said due to dense fog, the NTDC faced tripping of 500 kV and 220 kV Transmission Lines in the vicinity of Guddu. During the said period one of the poles of 500kV circuit breaker was damaged; the faulty part was isolated from the healthy system immediately and switch yard…

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Incentives to PV solar sector: SIFC set to finalise recommendations for TPB

Admin
solar-energy

ISLAMABAD: The Working Group (WG) of the Special Investment Facilitation Council (SIFC) has decided to hold a meeting with the Commerce Ministry, the FBR and Industries Ministry for final recommendations for Tariff Policy Board (TPB) aimed at extending incentives to PV solar manufacturing, well-informed sources in Commerce Ministry told Business Recorder. The decision was taken at a meeting held under the chairmanship of Secretary, Ministry of Industries and Production Sarah Aslam which was attended by representatives from M/s Sinotec Solar (Pvt) Ltd, Power Division, Commerce Division, Board of Investment (BoI) ,…

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“PEC’s Visionary Role in Transforming Pakistan’s Construction Industry”

Admin
Global-Award

Islamabad, January 9, 2024 – Following the resounding success of the event held at the Pakistan Engineering Council (PEC) on January 8, 2024, PEC continues to showcase its efforts in revolutionizing the construction industry. The event, which garnered significant attention, served as a platform to share innovative approaches and strategies to meet international standards.Mr. Amir Ul Islam, CEO of New Jersey Precast, graced the session as a guest speaker, offering profound insights drawn from his four-decade-long journey in the construction industry. As a distinguished member of the PEC, Mr. Islam’s…

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EU Envoy advises business community to take full advantage of GSP Plus by diversifying exports

Admin
Karachi-Chamber

KARACHI: Ambassador of European Union (EU) Raina Kionka has said that rather than staying confined to exporting textiles only, the business community of Karachi should broaden and diversify their exports to EU so as to take maximum advantage of EU’s GSP Plus for Pakistan which has recently been rolled over for four more years up to 2027.“GSP Plus is tremendously important for Pakistan’s economy whose overwhelming beneficiaries are not just textile producers but by trickledown effect, all those people as well who work in textile factories. GSP Plus has been…

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