Author: Admin

Two Chinese Companies Move Forward with Major Investment Plans in Punjab

Admin
Pak-China

LAHORE: Two leading Chinese firms — Shenzhen Sea Energy Power Holding Company and Zhihyuzun Group — have advanced major investment proposals in Punjab following a meeting with Provincial Minister for Industries, Commerce, Investment and Skill Development (ICI&SD) Chaudhry Shafay Hussain, opening new avenues in textile manufacturing, auto-parts production and intercity transport. Shenzhen Sea Energy Power Holding Company formally sought approval to establish industrial units on 250 acres in the Quaid-e-Azam Business Park, Sheikhupura, making it one of the largest investment proposals submitted to the park this year. Zhihyuzun Group, meanwhile,…

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KP CM Inaugurates 40.8MW Koto Hydropower Project in Lower Dir

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Koto-hydropower

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Muhammad Sohail Afridi on Saturday inaugurated the 40.8MW Koto hydropower project in Lower Dir, marking a major milestone in the province’s clean energy development. Built at a cost of Rs 21.7 billion, the project is expected to generate 207 million units of electricity annually and earn around Rs 2.4 billion in yearly revenue. The chief minister also opened the 18.5km Tormang–Razgram Road, completed at a cost of Rs 1.5 billion. Speaking at the ceremony, Afridi said the provincial government is pursuing a long-term strategy to…

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Gwadar Imposes Strict Ban on Vehicles Carrying Iranian Oil

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Oil-Vehicles

GWADAR: The district administration has enforced an immediate ban on all oil-carrying vehicles — particularly Zamyad trucks and similar transporters — from moving fuel between Jiwani, Paanwaan and Gwadar city in a decisive move to curb smuggling of Iranian petroleum products. A formal notification has warned drivers and transporters to avoid travelling towards Jiwani, cautioning that any violation will result in strict legal action, including on-the-spot confiscation of vehicles by law enforcement agencies. Police, Pakistan Coast Guard and Frontier Corps have been directed to tighten monitoring and ensure full enforcement…

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EU Ambassador to Pakistan H.E. Raimundas Karoblis Visits FPCCI Invites Business Community to EU-Pakistan Business Forum Atif Ikram Sheikh, President FPCCI

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New-Project31

Karachi: Mr. Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has apprised that the Ambassador of the European Union to Pakistan, H.E. Mr. Raimundas Karoblis, accompanied by senior officials, visited the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and held extensive discussions with the business leadership on further strengthening Pakistan-EU economic relations. Mr. Atif Ikram Sheikh informed that Pakistan and the European Union, celebrating over 60 years of strong diplomatic and economic ties, are hosting the first high-profile European Union-Pakistan Business Forum (EU-PKBF) on 28–29 April…

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HUBCO Subsidiary Wins Provisional Exploration Rights for Four Onshore Blocks

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Hubco

KARACHI: The Hub Power Company Limited (HUBCO) has announced that its associated entities have secured a provisional award of exploration rights for four onshore blocks, marking a major step in the company’s upstream energy expansion. The disclosure was made in compliance with the Securities Act, 2015. The development centres on *Prime International Oil and Gas Company Limited (Prime), a strategic joint venture in which Hub Power Holdings Limited — HUBCO’s wholly owned subsidiary — holds an equity stake. Prime’s fully owned arm, *Prime Global Energies Limited, has received provisional exploration…

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