Category: Highlights

Atif Ikram elected FPCCI president

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fpcci

KARACHI: Majority of candidates nominated by United Business Group (UBG) and Businessmen Panel Progressive (BMP) succeeded in the elections of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the term of 2024-25. According to unofficial results issued on Saturday late night, the UBG and BMP Progressive bagged all the leading seats including the slots of the president and the senior vice president. The UBG’s presidential candidate Atif Ikram Sheikh was unofficially elected, defeating Muhammad Ali from BMP. FPCCI elections: Sheikh says various chambers, trade bodies have announced…

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CM, Federal BOI minister discuss establishment of industrial park at Steel Mills

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Chief-Minister

KARACHI (Dec 29): Caretaker Sindh Chief Minister Justice (Retd) Maqbool Baqar and Federal Minister for Commerce, Industries & Board of Investment Mr Gohar Ejaz Khan in their meeting at CM House discussed the need for the establishment of more Industrial Parks in Karachi.The CM said that industrialization was the only solution to develop the economy and create employment opportunities and it, of course, it open new vistas of prosperity and uplift.The meeting was attended by Chief Secretary Dr Fakhre Alam, Federal Commerce Secretary Sualeh Farooqi, Secretary Federal BOI Sohail Rajput…

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Private Power Infrastructure Board, CERAD and Huawei jointly launched the White Paper on Arc Fault Circuit Interrupter (AFCI) for PV Systems in Pakistan

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Huawei-Pakistan

PPIB, CERAD and Huawei Pakistan on December 19, 2023 jointly unveiled the White Paper on Arc Fault Circuit Interrupter (AFCI) for Photovoltaic (PV) systems, marking a significant stride in realm of solar power technology.The launch, a result of collaborative efforts with Private Power & Infrastructure Board (PPIB) and the Center for Advanced Research in Engineering and Development (CERAD), is poised to redefine the landscape of PV power plant development in the country.The event, adorned with a technical white paper launch ceremony, featured Chief Executive Officer of Huawei Pakistan, Ethan Sun,…

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Mirpurkhas first city in Sindh made load-shedding free

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load-shedding

KARACH/MIRPURKHAS. (Dec 25) Caretaker Chief Minister Sindh Justice (Retd) Maqbool Baqar, Federal Minister for Power Muhammad Ali and Secretary Power Division Rashid Mahmood Langrial addressed the ceremony of declaring Mirpurkhas load-shedding free at Mirpurkhas Spreading Engineer HESCO office through a video link here on Monday. Additional Secretary Power Division Hasan Naqvi, Chief Executive Officer Bashir Ahmed Gujjar, Chairman HESCO BOD Jamil Gul Sheikh, Divisional Commissioner Mirpurkhas Faisal Ahmed Uqeli, Deputy Commissioner Dr. Rashid Masood Khan, SSP Adil Memon HESCO officers and local citizens as well as journalists were present at…

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LNG imports set to hit 18-month high

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Pakistan-LNG

KARACHI: Pakistan’s liquefied natural gas (LNG) imports are all set to surge to an 18-month high with 11 cargoes arriving in December this year as the country has placed orders for two spot cargoes for the first time in the past one year. A substantial fall in LNG prices from their peak in the international spot market and with the advent of winter when demand from household consumers spikes prompt the country to return to the spot market. However, prices in the ready market are relatively higher than the rates…

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