K-Electric announces Winners of the first 7/11+ Innovation Challenge
K-Electric (KE) announced the winners for the first 7/11+ Innovation Challenge in partnership with INNOVentures Global at a day-long event held at Habib University in Karachi. KE’s 7/11+ Innovation Challenge is the first of its kind event in Pakistan’s utility market, designed for entrepreneurs, startups, researchers, and university students to promote and accelerate strategic innovation….
Adil Aziz
16 oil and gas reservoirs discover during the last fiscal year
Exploration and Production (E&P) companies, operating in different parts of the country, have collectively discovered 16 oil and gas reservoirs during the last fiscal year in pursuit of making the country self-reliant in the energy sector. Out of these, ten discoveries were made in the oil and gas fields of Sindh, four in Khyber Pakhtunkhwa,…
CPEC energy projects offer low-cost electricity for Pakistan
China Pakistan Economic Corridor (CPEC) energy projects have improved the power industry in Pakistan and contributed to economic growth by increasing power supply with high efficiency at lower cost, Tauseef H. Farooqi, Chairman National Electric Power Regulatory Authority (NEPRA) said. In an interview with China Economic Net (CEN), the Chairman said, the total installed capacity…
Pakistan receives US$ 500 Million from AIIB
The government of Pakistan on Tuesday received US$ 500 million from Asian Infrastructure Investment Bank (AIIB), finance ministry tweeted here. The funds are deposited with the State Bank of Pakistan (SBP) it said adding these would augment country’s reserves.
China-Pakistan S&T cooperation center inaugurated in Beijing
China-Pakistan Science and Technology Cooperation Centre was inaugurated to facilitate the Chinese technology companies to conduct businesses in Pakistan, strengthening bilateral ties and acting as a bridge between the youth of two countries. Pakistan Ambassador to China, Moin ul Haque and President of Zhongguancun Belt and Road Industrial Promotion Association (ZBRA), Zhang Xiaodong inaugurated the…
Banking sector showed robust performance, steady resilience during H1CY22, SBP’s Review
State Bank of Pakistan (SBP) Monday issued the Mid-Year Performance Review (MYPR) of the Banking Sector for the year 2022. The review covers the performance and soundness of the banking sector for the period January to June 2022 (H1CY22). It also covers the performance of financial markets and Microfinance banks (MFBs) as well as the…
Dar satisfied over sugar availability, production
Federal Minister for Finance and Revenue Senator, Mohammad Ishaq Dar expressed satisfaction over the availability and production of sugar in the country. Chairing a meeting to review the demand and supply situation of sugar in the country, the minister stressed on maintaining the strategic reserves of the commodity and maintaining its price for providing maximum…
Third Pak-Africa Trade Development Conference beginning on Nov 29 in Johannesburg
The third Pakistan Africa Trade Development Conference and Single Country Exhibition, organized by Ministry of Commerce, will begin in Johannesburg, South Africa on November 29. The conference, scheduled to on November 29 would be followed by Single Country Exhibition from November 30 to December 1st, said a press statement issued by the commerce ministry. Officials…
Govt releases Rs 21,404 million for various water resources schemes in first quarter of FY 2022-23
The government has released an amount of Rs21,404.83 million for various water resources schemes under Annual Public Sector Development Programme (PSDP) during the first quarter of the current fiscal year 2022-23. According to the data of the Planning Commission, the government has specified a sum of Rs 97,559.38 million for various projects in PSDP 2022-23….
Pakistan earns $263 million by exporting transport services in 3 months
Pakistan earned US $263.840 million by providing different transport services in various countries during the first three months of the current fiscal year (2022-23) as compared to the corresponding period of last year. This shows a growth of 75.95 per cent as compared to $149.950 million earned through the provision of services during the corresponding…