09302016Fri
Last update: Fri, 30 Sep 2016 09am

Industries & Sectors

Pakistan - Industries & Sectors

Pak-China optic fiber cable project to be completed by June 2018 ISLAMABAD: The 820-kilometer long Pak-China optic fiber cable project from Rawalpindi to Khunjrab would be completed at a cost of US$ 44 million by June 2018.After completion of this important project of Information Technology (IT) under China Pakistan Economic Corridor (CPEC) would convert trade corridor into digital corridor.This project was being completed in collaboration between China's Huawei and Special Communication Organization (SCO), Senior Project Manager, SCO, Muhammad Adil said.He informed that this project would be beneficial for strategic link between both Pakistan and China.This project would not only generate revenue but it would also a safest route of voice traffic between the two countries, he added.Muhammad Adil said, the Pak-China fiber optic fiber cable would provide an alternate source for the world trade.He hoped that awareness about trade, tourism and Information Technology (IT) would create economic opportunities in Gilgit- Baltistan (GB).The foundation stone of the Pak-China optic fiber cable project ...

Pakistan - Industries & Sectors

Auto sector: Inconsistency in policies hinders investment MUHAMMAD ALIAlthough the government is wholeheartedly making efforts to bring new investments in auto sector, new entrants appear reticent to pour investments in the country due to inconsistency in the policy; it is learnt.Talking to Business Recorder, one of the potential investors, who is keen to establish manufacturing unit of light commercial vehicles in the country, said on a condition of anonymity that auto policy 2016-21, which was announced with the aim at providing level ...

Pakistan - Industries & Sectors

KP producing 53pc of national oil, production jumps from 30,000 barrels to 50,000 per day PESHAWAR: Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said Khyber Pakhtunkhwa was producing more than 53% of national oil and its production had jumped from 30,000 barrels per day to 50,000 barrels per day while natural gas production had jumped from 300 million to 400 million cubic feet per day.He was presiding over a meeting regarding advantages and strength of the province to be exploited for the benefit of the people and rapid development of ...

Pakistan - Industries & Sectors

Govt introduces semi-mechanized mining technology to maximise coal production LAHORE: The Punjab government has introduced semi-mechanized mining technology to get maximum production of local coal for operating its coal based power plants.The modern technology would also be helpful in optimal utilization of domestic coal reserves, a senior official of the provincial mines and minerals department told APP here on Saturday.He said the government was restructuring the mining sector and huge incentives were also being offered to foreign investors in the mining sector.He said promotion ...

Pakistan - Industries & Sectors

Pre-qualification EOIs invited to develop 135 MW Taunsa hydropower project ISLAMABAD: Punjab Power Development Board (PPDB) has invited Expressions of Interest (EOIs) for pre-qualification of sponsors to develop 135 MW Taunsa hydropower project which would be developed to meet energy needs of the province.The EOIs have been sought from private sponsors for development of the project whose updated feasibility study has been completed in July this year.The project would be developed by private sector as an Independent Power Producer (IPP).As per details here on Saturday, ...

Pakistan - Industries & Sectors

Railways to refurbish 17 rakes of trains during current FY ISLAMABAD: Pakistan Railways will refurbish and upgrade 17 rakes of different passengers trains during the current Fiscal Year (FY)."The refurbishing work of the trains including Pakistan Express, Tezgam Express, Jaffar Express, Awami Express and Khybermail Express has been started by the technical staff," an official in the Ministry of Railways told APP on Friday.He said that Pakistan Railways had already fully refurbished with value added services of the 22 rakes of the different trains during ...

Pakistan - Industries & Sectors

Gwadar Airport to have `One Window Facilitation Desk' for Overseas Pakistanis by Oct ISLAMABAD: Gwadar Airport will have `One Window Facilitation Desk' by October this year to provide all necessary information to Overseas Pakistanis (OPs) before their departure to different countries, ensuring their safe travel.The facilitation desk is being established on the directives of Federal Ombudsman, said Grievance Commissioner for Overseas Pakistanis to Federal Ombudsman, Hafiz Ahsan Ahmad Khokhar on Friday.Talking to APP, he said, that eight facilitation desks for OPs were earlier established at Islamabad, Lahore, Karachi, ...