01182017Wed
Last update: Wed, 18 Jan 2017 10am

Industries & Sectors

Pakistan - Industries & Sectors

Rs274.170mn released for industrial development ISLAMABAD: The government has released Rs 274.170 million for various ongoing and new projects of the Industries and Production Division out of its total allocation of Rs 1029 million earmarked under the Public Sector Development Programme (PSDP) for Fiscal Year 2016-17 so far.Out of the total released amount, Rs 77.540 million has been provided for development projects of Pakistan Gems and Jewellery Development Company, for which Rs 193.850 million was earmarked in the PSDP of current fiscal year.The government also released Rs 32 million for Light Engineering Upgradation Center (LEUC) for SMEs in Balochistan out of its total allocation Rs 80 million for the current year.Another Rs 32 million has been released for Hyderabad Engineering Support Center (HESC) for which the government earmarked Rs 80 million.The government released Rs 27.660 for water supply scheme for Hub Industrial Trading Estate Phase II (Extension) out of its total allocation Rs 69.160 million, ...

Pakistan - Industries & Sectors

Chinese companies keen for collaborating in textile sector ISLAMABAD: A 21-member delegation of Chinese companies showed keen interest to enhance business collaborations in textile sector with Pakistani counterparts.The Chinese delegation led by Zhang Shaoyun, Deputy Director General, Department of Commerce, Government of Xinjiang Uygur Autonomous Region visited Islamabad Chamber of Commerce and Industry (ICCI) here today.The delegation was representing textiles, garments, clothing and apparel and chemicals sector companies.Speaking on the occasion, Zhang Shaoyun said that Pakistan was the fourth largest cotton producer in ...

Pakistan - Industries & Sectors

Textile exports increase 9.71pc in November ISLAMABAD: The textile exports from the country on year-on-year basis increased by 9.71 percent during the November 2016 compared to the same month so the last year.According to the latest data released by the Pakistan Bureau of Statistics (PBS), the textile exports during November 2016 were recorded at $1,048.708 million compared to the exports of $955.859 million during November 2015.The textile commodities that witnessed increase in trade during the month under review included raw cotton, ...

Pakistan - Industries & Sectors

CNG availability to increase after price deregulation ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Wednesday said availability of Compressed Natural Gas (CNG) would increase after deregulation of its price.The minister was talking to media persons after witnessing a signing ceremony of Oil and Gas Development Company Limited's two separate Memorandums of Understanding (MoUs) with Higher Education Commission and Hunar Foundation in education sector under a scholarship programme of the company.He brushed aside the impression that the CNG prices would ...

Pakistan - Industries & Sectors

Chinese investors interested in textile sector KARACHI: Visiting Chinese investors from Shenzhen province on Wednesday showed deep interest in Pakistan's textile sector including entering deals with Pakistani businessmen for sale of goods and purchase of textile raw materials and for joint ventures in this potential sector.Pakistani counterparts invited them to join them for value addition of textile sector in Karachi. Pakistan's textile sector has a great potential to capture a good share in international market, they maintained.Pakistan is 4rth largest cotton ...

Pakistan - Industries & Sectors

CPEC spurs capacity building in cement industry KARACHI: The cement industry has gone in for capacity expansion from 44 million tons to 60 million tons within a couple of years to meet the massive rise in domestic demand due to China-Pakistan Economic Corridor (CPEC) and other public sector projects, said Chairman All Pakistan Cement Manufacturers Association (APCMA), Sayeed Tariq Saigol, here on Wednesday.The APCMA Chairman said the rise in domestic demand has improved cement industry's capacity utilisation. However, he said suggestion by ...

Pakistan - Industries & Sectors

Pakistan, Bosnia to boost cooperation in power generation, investment, trade SERAJEVO: Pakistan and Bosnia while vowing to explore new areas of cooperation, agreed to enhance cooperation in power generation, trade, business and investment sectorson on Wednesday.Prime Minister Muhammad Nawaz Sharif and his Bosnian counterpart Chairman of the Council of Ministers Dr Denis Zvizdic jointly addressed a press conference at the conclusion of their exclusive and delegation level talks at the parliament building.The two leaders termed their talks as detailed and constructive and said they exchanged ...