Karachi: Sindh Senior Minister Sharjeel Inam Memon said that work on the Orange Line BRT has been completed, while work on the Yellow Line BRT project is progressing rapidly with the support of the World Bank. One section of the Taj Haider Bridge has been completed, while work on the remaining section is underway. Construction of the Yellow Line BRT depots is also in progress, while development work on the Red Line BRT project continues with the support of the Asian Development Bank. He said that modern bus terminals are…
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Government of Pakistan Invites Expressions of Interest for Privatisation of FESCO, GEPCO and IESCO
Islamabad, 19 May 2026: The Government of Pakistan, through the Privatisation Commission, has formally invited Expressions of Interest (EOIs) from local and international investors for the privatisation of three major electricity distribution companies (DISCOs): Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO). The transaction offers investors the opportunity to acquire between 51% and 100% shareholding together with management control in each of the three distribution companies. The initiative forms part of the Government’s broader economic reform agenda aimed at improving efficiency, strengthening…
Read MoreECO Member States Call for Stronger Regional Connectivity, Trade Integration and Women Entrepreneurship Initiatives Atif Ikram Sheikh, President FPCCI & ECO-CCI
Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Economic Cooperation Organization Chamber of Commerce and Industry (ECO-CCI), has said that the member states of ECO region have reaffirmed their commitment to strengthening regional economic cooperation, transport connectivity, trade facilitation, tourism promotion, industrial collaboration, SME development and women entrepreneurship. Mr. Atif Ikram Sheikh expressed these views while addressing the meeting of Specialized Committees of ECO-CCI – which was chaired by the Secretary General of ECO-CCI and attended by representatives of all…
Read MorePakistan, Japan Vow to Further Strengthen Cooperation in Petroleum Sector Especially Geosciences and Mineral Research
Islamabad, Tuesday, 19 May 2026 Federal Minister for Petroleum Mr. Ali Pervaiz Malik welcomed the Ambassador of Japan to Pakistan H.E. Akamatsu Shuichi during his visit to the Geoscience Advance Research Laboratories (GARL) of the Geological Survey of Pakistan. The Minister highlighted the longstanding scientific cooperation between Pakistan and Japan in the field of geosciences and mineral research. During the visit, the Minister appreciated the valuable support extended by the Government of Japan and Japan International Cooperation Agency (JICA) in establishment and strengthening of GARL, describing it as a landmark…
Read MorePakistan Seeks Stronger Clean Energy Cooperation With China Under Green Belt and Road Initiative
ISLAMABAD: Pakistan is looking to deepen cooperation with China in the clean energy sector, particularly under the Green Belt and Road Initiative, as part of efforts to accelerate its transition toward sustainable development, according to Minister of State for Climate Change Dr Shezra Mansab Ali Kharal. In an interview with China Global Television Network (CGTN), the minister said Pakistan views alignment with the Green Belt and Road Initiative as a pathway not only for development but also for achieving “high-quality and much-needed progress” in the country’s energy and environmental sectors.…
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