Category: Highlights

MoU Signed to Form Joint Business Council Bangladesh – Pakistan Business Forum Held in Dhaka

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MOU

Karachi: Atif Ikram Sheikh, President FPCCI, has apprised that the Pakistani trade delegation, led by FPCCI, participated in Bangladesh – Pakistan Business Forum in Dhaka; which was organized by the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI), on Monday. A Memorandum of Understanding (MoU) was also signed between FPCCI and FBCCI in the meeting to form Pakistan – Bangladesh Joint Business Council (JBC) to strengthen, facilitate and enable trade between the two countries. Atif Ikram Sheikh added that diverse industries, sectors and verticals like electronics, cars, industrial machinery,…

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“KSTAR Powers Pakistan’s Renewable Future with Innovative Energy Solutions and Strategic Partnerships”

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On January 8, 2025, KSTAR kicked off its 2025 Tour in Lahore, Pakistan, marking a significant milestone in the country’s renewable energy journey. Against the backdrop of rising electricity prices, frequent power outages, and Pakistan’s ambitious target of generating 60% of its energy from renewables by 2030, KSTAR reaffirmed its commitment to driving Pakistan’s energy transition. The event spotlighted KSTAR’s cutting-edge residential energy storage solutions, designed for simplicity and efficiency. These all-in-one, plug-and-play systems enable homeowners to generate, store, and use solar power during peak demand or outages. With integrated…

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Rights Activists say Malir Expressway seriously threatens Karachi’s environmental safety

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New-Project

Karachi: In a bold move that has sparked an outcry among rights activists and environmentalists, the Sindh Government has inaugurated the partially constructed Malir Expressway, igniting fears of severe ecological damage and community displacement.Prominent figures in climate advocacy—including Hafeez Baloch from the Sindh Indigenous Rights Alliance, Yasir Hussain, Director of the Climate Action Center, and Advocate Abeera Ashfaq—have voiced their serious apprehensions regarding the project. They argue that for over four years, the expressway’s impact on the fragile Malir Riverbed and the surrounding communities has been downplayed, despite rising environmental…

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Ahmed Hayat Lak Reappointed as MD & CEO of OGDCL for 3 Term

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Ahmed-Hayat

The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) firm, has reappointed Ahmed Hayat Lak as Managing Director and Chief Executive Officer (MD & CEO) for a three-year term. The announcement was shared via a notice to the Pakistan Stock Exchange (PSX) on Thursday. “This is to inform that the Board of Directors of the company has appointed Ahmed Hayat Lak as the Managing Director/CEO of the company for a term of three years, effective from January 9, 2025,” the notice stated. Previously, in February…

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Pakistani Minister Engages Korean Investors Amid Project Challenges

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Pak-Koria

ISLAMABAD: Korean investors have raised concerns with Pakistani Commerce Minister Jam Kamal Khan regarding delays and issues affecting development projects in Pakistan during his visit to South Korea. Executive Director UM Sung-Yong of the EDC Operation Group at Korea Eximbank outlined the status of ongoing projects, detailing processes of approval, scrutiny, and execution. He acknowledged the efficient handling of projects by Pakistani departments but emphasized the need for expedited approvals to enhance progress. Korea Eximbank has allocated $1.1 billion under the Economic Development Cooperation Fund (EDCF) for Pakistan for 2022–2026.…

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