Category: Highlights

The CDWP meeting, presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, cleared three development projects with a cumulative estimated cost of Rs6.5 bn and recommended three projects worth Rs 342 bn to the Executive Committee of the National Economic Council (ECNEC) for further consideration. Senior officials from the Planning Commission and federal ministries/divisions also participated in the meeting while representatives from provincial governments attended through video conferences. Projects related to energy, higher education and nutrition were considered in the meeting. A project of energy sector namely “20 MW…

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The Abu Dhabi National Oil Company (ADNOC) announced today that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE, and Arkan, a construction and building materials company in Abu Dhabi. The agreements underscore the role of natural gas as a key enabler for the UAE’s industrial sector, and engine of the nation’s economic growth and diversification, and support the Ministry of Industry and Advanced Technology’s (MoIAT) “Make it in the…

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THE China-Pakistan Economic Corridor (CPEC) is being jointly constructed by Pakistan and China with the Chinese investment of US $ 62 billion. The project comprises a network of energy-producing plants, roads, railways, air/dry ports, fiber optic lines for communications, industrial zones, and agricultural modernization programs, being built in Pakistan to connect the Kashgar city of China with the Gwadar Port of Pakistan. The CPEC will interconnect China, Central Asian Republics (CARs), Russia, South Asia, the Middle East, and North Africa through the warm waters of the Arabian Sea for facilitating…

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SINGAPORE: Pakistan LNG is seeking nine liquefied natural gas (LNG) cargoes for delivery over July to August, a tender document posted on the company website showed. The cargoes are 140,000 cubic metres each and are for delivery over July 8-9, July 12-13, July 17-18, July 28-29, Aug 2-3, Aug 7-8, Aug 12-13, Aug 17-18 and Aug 27-28. The tender closes on June 2 and is valid until June 4. The company last received offers from 12 companies for a tender seeking eight cargoes for delivery from late April to June.

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The President Hyderabad Chamber of Commerce and Industry Fahad Hussain Shaikh and members of the governing body have demanded the high ups of the Federal and provincial government to exempt power load management during business hours. In a joint statement issued here on Monday, they said that the government has been engaged in boosting up the economic development therefore it is the need that the issues being faced by the business community should be addressed. The Sindh government has already reduced the business hours due to COVID-19 with directives of…

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