01172017Tue
Last update: Tue, 17 Jan 2017 10pm

Industries & Sectors

Pakistan - Industries & Sectors

SECP registered 621 companies in November ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) registered 621 new companies during the month of November 2016, an increase of 23 percent as compared to the corresponding month of preceding year.A growing trend has been witnessed in company incorporation which is the direct result of numerous facilitation measures taken by the SECP in recent past.Around 85 percent companies have been registered as private limited companies, while around 11 percent companies were registered as single member companies.Four percent of the companies were registered as public unlisted, association's not-for-profit, and foreign companies, a statement here on Monday said.The services sector took the lead with the incorporation of 111 companies, followed by trading with 78, construction with 58, information technology with 50, tourism with 43, engineering with 24, education, fuel and energy and pharmaceutical with 17 each, corporate agricultural farming with 16 real estate development with 15, communication and food and beverages ...

Pakistan - Industries & Sectors

147 MW Patrind Hydro Power project to be completed soon MIRPUR: The under construction 147 Mega Watt (MW) Patrind Hydro Power Project would start functioning in future.In various public representative delegation Raja Nisar Ahmed Khan Minister for Electricity said that the project would help the power needs of AJK which required a total of 350 MW of the electricity.He continued that since the AJK government has focused special attention to utilize all possible natural resources for enhancing the power generating capacity in the state.He underlined ...

Pakistan - Industries & Sectors

CET power line set to energize Pakistan's Sindh province KARACHI: China Electric Power Equipment and Technology Co Ltd or CET, a subsidiary of State Grid Corp of China, said it will participate in the largest direct-current high-voltage transmission project along the China Pakistan Economic Corridor.The 910-km, 660-kilovolt Matiari-Lahore DC transmission line, a project to be built on engineering, procurement and construction or EPC basis, also includes two converter stations. EPC contracts are common in the construction industry, reports China Daily Monday.The transmission line is ...

Pakistan - Industries & Sectors

China to set up large steel factory at Gwadar ISLAMABAD: Acting Chinese Ambassador to Pakistan, Zhao Lijian Monday said that his country would set up a large steel factory at Gwadar to further expedite economic developments being carried out under China-Pakistan Economic Corridor (CPEC) framework."Both China and Pakistan would very soon sign an agreement to establish the steel factory, three times bigger than the free economic zone being set up in Gwadar city," he made this announcement while addressing participants of a day-long conference ...

Pakistan - Industries & Sectors

Special facilitation centre set up for local and foreign investors ISLAMABAD: The Pakistan Furniture Council (PFC) has set up a Special Facilitation Center to provide all the necessary information to potential local and foreign investors to boost local furniture industry globally.This centre will play the role of a bridge between local and foreign investors to ensure that businesses are as sustainable as possible by using a systematic approach to help the organization optimize its underlying processes to achieve more efficient results," Said PFC Chief Executive ...

Pakistan - Industries & Sectors

OGDCL completes installation of processing plant at KPD field ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has completed installation of a processing plant at its Kunnar Pasakhi Deep (KPD) gas field in Sindh province, which was in pending for last 10 years."It (plant) will provide an additional 80 mmcfd of gas, 400 tons of liquefied petroleum gas (LPG) and 4,000 barrels per day (bpd) in winter this year," official sources told APP here on Monday.They said natural gas consumers would get additional ...

Pakistan - Industries & Sectors

KCCI questions peak hour charges by K-E KARACHI: President, Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo has urged K-Electric to avoid charging peak hour rate all day and implement the concept of time of use (ToU) across-the-board.It will substantially reduce the electricity bills for industrial, commercial and domestic consumers, said KCCI President in a statement here on Monday.Shamim Ahmed Firpo pointed out that ToU allowed high charges for just four hours only whereas the electricity consumption during the remaining ...