Just in:  

You are here: Home»Pakistan»Industries & Sectors

Industries & Sectors


Sindh govt allots 680 acres for Wind Power Project KARACHI: Sindh government has allotted 680 acres of land to Sachal Energy (Pvt) Ltd for a period of 30 years to establish 49.5 MW Wind Energy Project, at a cost of $133 million, at Jhimpir in district Thatta.A document in this regard was signed by Shafqat Shah on behalf of Alternate Energy Board and Kashif Ansari, representing M/s Sachal Energy during a land allotment ceremony, held here Wednesday, under which Sachal Energy has awarded the EPC contract to M/s Hyro China Xichi, a Chinese company engaged in Wind Power Development.The ceremony among others was also attended by Sindh Secretary for Energy, Agha Wasif and AEB Director, Mehfooz Qazi.The project is included among one of the top priority project initiated under Pakistan China Economic Corridor,last year, with major financing done by the Industrial and Commercial Bank of China (ICBC).Under the agreement the project will be completed in 18 month's time following ...

83pc of internet usage from mobiles: Study ISLAMABAD: The growth rate of mobile phone users has reached a threshold in developing countries, the burgeoning increase of users in Asia Pacific, Middle East & Africa is supposed to drive the number of mobile phone users to 4.5 billion users.A report from market research firm eMarketer expects the growing market in emerging countries to boost the market.The report titled Smartphone Users Worldwide 2012 - 2017 from eMarketer, further expects that around two-fifth of all ...
Shipping activity at Port Qasim KARACHI: Four ship C.V Vienna, C.V Posen, M.T Ping An an M.T Jixiang carrying containers and palm oil were berthed at Qasim Internaitonal Container Terminal, Multi Purpose Terminal and Liquid Cargo Terminal respectively at Port Qasim on Sunday.Meanwhile three more ships with containers, general cargo and palm oil also arrived at outer anchorage of Port Qsim during last 24 hours.Berth occupancy was managed at the Port at 71 percent on Sudnay, where eleven ships namely ...
CCOP decides not to go ahead with divestment of 10pc shares of OGDCL ISLAMABAD: Cabinet Committee on Privatization (CCOP) has decided not to go ahead with divestment of 10 percent Government of Pakistan shares in Oil And Gas Development Company Limited (OGDCL).A statement issued by the Ministry of Finance here Saturday said that the decision was taken in view of overall improvement in national economy and international price situation.Copyright APP (Associated Press of Pakistan), 2014 ...
IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Friday issued a power suspension programme for various areas of its region due to necessary maintenance and routine development work.According to an IESCO spokesman, the power supply of the following feeders/grid stations would remain suspended as under:On 08 November 08:00am to 04:00pm, PTV-2, Industrial-I, Katarian, G-10 Sector, Holy Family Hospital, New United Steel, Muhammad Steel, Industrial-II, Fazal Reber Steel, Karachi Company, Itehad Foundary, Industrial-III, I-10/1, Floor Mill-I ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln