Karachi (PR): Mian Nasser Hyatt Maggo– President FPCCI – has expressed his profound concern over continuing gas crisis and incessant gas supply shortages; hampering industrial production and fulfilment of export orders. Mian Nasser Hyatt Maggo has stressed the immediate need to bring all the stakeholders and players on one page; and, he has requested Honourable PM Imran Khan to chair…
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LAHORE: The Mangla dam, the biggest water reservoir of the country, may not be filled this year, jeopardising 13 million acre feet (MAF) Rabi supplies to Punjab and endangering wheat crop in the province and food security of the country. The Indus River System Authority (Irsa) now seems resigned to the fact, saying: “If the country has much above normal…
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The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) on Tuesday demanded that government explain the rationale behind approving the 1,263MW power plant being set up by Punjab Thermal Power Ltd in Jhang which is based on imported regasified liquefied natural gas (RLNG). In a statement, FPCCI President Mian Nasser Hyatt Magoo said the new plant will cost six…
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Prime Minister Imran Khan has offered Saudi Crown Prince Mohammad bin Salman support in his plans to launch a 10-billion tree plantation drive, while also inviting him to collaborate on climate change initiatives. “I am delighted to learn about Your Royal Highness’s plans for launching Saudi Green Initiative aimed at protecting the nature and planet. The two initiatives, which, inter alia, include,…
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It took 10 years to develop the first floating windfarm and it seemed to some a dangerous gamble to put it 15 miles off Aberdeen in the stormiest waters of the North Sea. But after three years of being in operation it has broken world records for maximum output. Its success even outstrips the speed with which Europe’s other offshore…
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ISLAMABAD: In the latest development, Chinese company Pak Matiari- Lahore Transmission Company (PMLTC), which completed ±660kV Matiari-Lahore HVDC Transmission Project with investment of $2.2 billion in two years time, has threatened to move the international arbitration court against the government-owned company National Transmission Dispatch Company (NTDC) for creating hurdles in the commissioning of the project. The Chinese company has asked…
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KARACHI: The Thar Coal Block-1 project, which is an important part of China Pakistan Economic Corridor (CPEC), is making rapid progress despite all odds, says a top official. At the office relocation ceremony of Sino Sindh Resources Private Limited (SSRL), Li Jigen, Chief Operating Officer of SSRL, a subsidiary of Shanghai Electric, said that despite the Covid-19 pandemic and other…
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KARACHI: A landmark achievement has been accomplished at Jagran – II HPP where FWO devised a strategy to excavate the upstream with downstream portions of the Main Headrace Tunnel by carrying out excavation from both ends in opposite directions and meeting in the middle. This happened on 27 January 2021 when the milestone of meeting the two tunnels with a…
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Federal mining licensors at Nigeria’s Mining Cadastre Office (MCO) are looking to February 12 to commence the revocation of some 2,763 mineral titles whose holders have failed to pay outstanding yearly service fees in a new aggressive revenue drive designed to swell government’s coffers in 2021. The titles at risk of federal axe represent 25 per cent of the total 10,959 mining…
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Pakistan expects to secure around $12 billion loans from the World Bank Group over a period of five years under a new partnership strategy, which the Washington-based lender may approve by May this year. Minister for Economic Affairs Makhdoom Khusro Bakhtiar and World Bank Country Director Najy Benhassine discussed the development priorities of Pakistan for the next five years, according…
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