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Energy production: Chinese firm supplies modules for solar farm

Solar energy, Dec. 9, 2014

KARACHI: JA Solar Holdings Company Ltd, one of the world’s leading manufacturers of solar power products, on Monday announced that it had shipped 100-megawatt of modules to the first large-scale solar farm in Pakistan. According to a press release from Shanghai, occupying 500 acres of land, the solar farm is located within the Quaid-e-Azam Solar Park in Bahawalpur. The solar ... Read More »

NFC award: Govt to dole out Rs2.6b to provinces

NFC Award, Dec.9, 2014

ISLAMABAD: The government on Monday announced that it would dole out Rs2.6 billion among the provinces for maintaining cash surplus during the first quarter of the current fiscal year that helped finance burgeoning federal expenditures. The announcement was made by Finance Minister Ishaq Dar during the second bi-annual meeting of the National Finance Commission (NFC), convened to review implementation on ... Read More »

Energy trade: After scrapping of tender, LNG politics pick up pace

energy trade Dec. 8, 2014

ISLAMABAD: The politics related to liquefied natural gas (LNG) import have again intensified after Pakistan State Oil (PSO) cancelled an import tender in which top global companies like British Petroleum and Shell could have taken part. Similarly, many tenders were scrapped in the past, but this time experts were hoping for clinching a deal following encouraging response from renowned companies. ... Read More »

Gov should do away with GIDC on consumer

gov should do away Dec. 8, 2014

LAHORE: In 2011, the PPP government imposed a tax in the name of Gas Infrastructure Development Cess (GIDC) on all industrial gas users and CNG sector except the households. The act was very damaging for the country’s economic growth as its rate was very high especially for fertiliser, CNG and power sectors. As a result, it was challenged in all ... Read More »

GSP Plus: Opportunities for textile exporters abound

Textile exporter Dec. 8, 2014

KARACHI: For the exporters who are looking for more trade avenues, the European Union’s Generalised Scheme of Preferences (GSP) Plus has opened new doors of opportunities. Since January, the month when Pakistan qualified for the GSP Plus, exporters of finished garments have seen a surge in enquiries and orders from the EU. “We have noted an increase of 20-25% in ... Read More »

Mian Adrees: Agriculture and Live-Stock will be given more importance

Mian Adress

KARACHI — Presidential Candidate for the FPCCI, Mian Adress said that Agriculture has an important direct and indirect role in generating economic growth. It provides food to consumers and fibres for domestic industry; it is a source of scarce foreign exchange earnings; and it provides a market for industrial goods. He said that Agriculture and livestock are the back bone ... Read More »

Karachi businessmen fear closure due to non-supply of water

Pak factory without power

KARACHI – In a Press Statement issued on November 28,  M. Jawed Bilwani, Chairman, SITE Association of Industry has shown his utter dismay and disappointment over the non-supply of water to industries in general and industries of SITE in particular.  He said that despite clear-cut and strict orders to KW&SB and constitution of a Committee under the chairmanship of Commissioner, ... Read More »

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