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APTMA seeks textile industry package before Eid

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All Pakistan Textile Mills Association has appealed to the government to announce a relief package for the textile industry before Eid-ul-Azha. APTMA chairman SM Tanveer said on Sept 20, 2015 that textile industrialists were planning downstream integration to add another $13 billion to the exports and help the country to get rid of loans from international donors. An increase of ... Read More »

Oil and gas reserves found in Mianwali

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ISLAMABAD: The Mari Petroleum Company Limited (MPCL) announced to have discovered reserves of crude oil, condensate and natural gas in its Karak Block’s Kalabagh Well in Mianwali. In a statement issued here, the company said the hydrocarbon deposit was found in Kalabagh-1A ST1 Well. The Karak Joint Venture is operated by MPCL which holds 60 per cent working interest and ... Read More »

Seven power projects to reach financial close by year-end: minister

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ISLAMABAD: Seven private coal-based and hydropower projects, having a total electricity generation capacity of 5,155 megawatts, will reach their financial close by year end, a minister said on Sept 17, 2015. Minister for Water and Power Khawaja Muhammad Asif, chairing 102nd meeting of the Private Power and Infrastructure Board (PPIB), said the implementation of these projects will start after the ... Read More »

“Oil mafia, gas companies out to fail LNG project”

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ISLAMABAD — After an accusation by Federal Minister for Petroleum Shahid Khaqan Abbasi that “oil mafia was offering bribes and threatening him”, a business organization has accused the that “oil mafia and gas companies were out to fail the LNG projects in Pakistan. The federal minister who also runs his own private airlines made his allegation in a TV talks ... Read More »

PM Nawaz announces Rs 341 bn relief package for farmers

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ISLAMABAD – Prime Minister Nawaz Sharif has announced a relief package of over 341 billion rupees for the farmers. The agriculture relief package was announced at Kissan Convention in Islamabad after approval by the federal cabinet. Addressing the gathering, he said the package envisages direct cash assistance to the farmers, relief in prices of agriculture inputs, provision of agriculture loans and simplying the procedure of loans. The government is sincere in efforts to provide relief ... Read More »

SECP registers 406 new companies business

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ISLAMABAD – The Securities and Exchange Commission of Pakistan has registered four hundred and six new companies during last month. Around ninety two percent companies have been registered as private limited companies, while around five percent companies were registered as single member companies. Three percent of the companies were registered as public unlisted, associations’ not-for-profit, trade organizations and foreign companies. The trading ... Read More »

PM: Govt to devise strategy on boosting exports

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ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Friday terming exports essential for the country’s prosperity said a strategy would be worked out soon to boost exports. Chairing a high-level meeting with heads of Chambers of Commerce and Industries and exporters here at the PM Office, the Prime Minister said the strategy would be chalked out in light of the recommendations ... Read More »

Incentives package to lift exports likely

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ISLAMABAD: Commerce Minister Khurram Dastagir Khan addresses a press conference after the consultation committee meeting on September 10, 2015. ISLAMABAD: Prime Minister Nawaz Sharif is expected to announce on Friday a bailout-cum-incentive package to support country’s falling exports. A five-member ministerial committee on Thursday concluded talks with textile exporters on the package that would be taken up for approval by ... Read More »

Russian firm signs MoUs with two oil companies

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ISLAMABAD: Russia is expected to soon return to Pakistan’s petroleum sector after five decades with fresh investment commitments in new exploration and development techniques and construction of cross-country pipelines. While the two countries are at an advanced stage of talks on a government-to-government contract of a $2.5 billion, 1,100-kilometre gas pipeline from Karachi to Lahore, some Russian companies are preparing to ... Read More »

WWF-Pakistan and CCBPL inaugurate second water filtration plant in Lahore

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LAHORE– WWF-Pakistan and Coca-Cola Beverages Pakistan Limited (CCBPL), through their project Increasing the Supply and Access to Safe Drinking Water in Lahore inaugurated the second water filtration plant at Lady Willingdon Hospital here on Tuesday. The plant was inaugurated by Dr. Ejaz Ahmad, Senior Director, WWF-Pakistan; John Mathew Galvin, General Manager, CCBPL and Dr Zafar Yusuf, Medical Superintendent, Lady Willingdon ... Read More »

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