Author: Admin

PIAF Urges Diversification of FDI Beyond Energy Sector

Admin
energy-demand

LAHORE: The Pakistan Industrial and Traders Association Front (PIAF) has urged policymakers to broaden the scope of foreign direct investment (FDI) beyond the energy sector, warning that overreliance on power projects is stifling Pakistan’s wider economic growth potential. PIAF Patron-in-Chief Mian Sohail Nisar said foreign investors continue to channel most funds into energy despite vast opportunities in mining, manufacturing, and IT. “Heavy concentration of capital in one sector is concerning. Pakistan must attract value-added and technology-driven investments,” he noted. According to the State Bank of Pakistan, FDI stood at $2.46…

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Lesco Reports Rs237m Flood Losses; PIEDMC Approves Rs18bn Industrial Projects

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New-LESCO

LAHORE: The Lahore Electric Supply Company (Lesco) has reported damages worth Rs237.38 million to its infrastructure following recent heavy rains and floods. According to Lesco CEO Muhammad Ramzan Butt, restoration work has been accelerated to repair and replace the affected equipment. The Kasur circle emerged as the worst hit, suffering losses of Rs197.43m, followed by Okara with Rs24.96m and the central circle with Rs6.35m. Sheikhupura sustained Rs5.7m losses, while Nankana circle faced Rs1.9m damages. The damage included dozens of transformers, thousands of conductors, transmission lines, insulators, poles, and meters across…

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Federal Minister Petroleum Ali Pervaiz Malik Hosts PARCO Board Members

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New-Project37

Islamabad, September 25, 2025 Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, hosted a dinner in Islamabad in the honor of Board of Directors of Pak-Arab Refinery Limited (PARCO). The gathering reflected the government’s commitment to fostering collaboration with the energy sector and advancing Pakistan’s refining and petroleum industry. The event, held to welcome the foreign board members from Mubadla Energy, was attended by a gathering of high-profile dignitaries, including Federal Ministers, Members of Parliament, senior officials from the Petroleum Division, and other distinguished guests from the energy sector. Federal…

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CM congratulates China on 76th Anniversary, highlights strong bilateral ties

Admin

KARACHI (Sept 25): Sindh Chief Minister Syed Murad Ali Shah on Monday extended warm congratulations to the leadership and people of China on the 76th anniversary of the founding of the People’s Republic of China, reaffirming Pakistan’s resolve to further strengthen its “ironclad” friendship with Beijing. Speaking at a reception hosted by the Chinese Consulate in Karachi, the chief minister described Pakistan-China ties as “time-tested, all-weather, and unparalleled in depth and strength.” He said the two nations have always stood shoulder-to-shoulder, supporting each other both in moments of celebration and…

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Nestlé Pakistan extends 63000 liters of water to Pakistan Red Crescent Society for flood relief efforts under employee donation drive

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flood relief efforts

ISLAMABAD: Nestlé Pakistan extended donation of 63,000 liters of drinking water, under the employees’ voluntary program Nestlé Cares, to support Pakistan Red Crescent Society’s (PRCS) relief efforts for flood affected vulnerable communities. Talking at the event, Jason Avanceña, CEO, Nestlé Pakistan said, “Our contribution to PRCS is a result of an internal voluntary donation drive by employees under our Nestlé Care’s program, that was matched 1:1 by the company. Staying true to our values of being a force for good, Nestlé and its employees care deeply for the communities affected…

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