05262016Thu
Last update: Thu, 26 May 2016 07am

Industries & Sectors

Pakistan - Industries & Sectors

Chinese company to set up steel plant in Punjab ISLAMABAD: A Chinese company has expressed interest in establishing a steel mill with a million tonne capacity in Punjab province.A ten-member delegation of Ansteel International Trading Company showed its interest in its meeting with the Punjab Board of Investment and Trade (PBIT), according to sources in Engineering Development Board here on Monday.Ansteel, with presence in Australia, Spain and Italy, showed interest in setting up a mill in Chiniot or Kalabagh as these areas have iron ore and coal deposits.The officials assured the delegation of safety and security of investment and personnel.The company has been promised easy access to raw materials such as water, limestone and coal as well as a steady supply of labourers and skilled workers who will be trained as per Ansteel's requirements.The company would also be given a 30-year lease in a mineral rich area with an easy option to keep extending the lease in 10-year instalments.Copyright ...

Pakistan - Industries & Sectors

OGDCL paid Rs229.733bn royalty to provinces in 15 years ISLAMABAD: Oil and Gas Development Company (OGDCL) has made payments of around Rs 229.733 billion on account of oil and gas royalty to the provinces during last 15 years, official sources said Monday."OGDCL has paid around Rs 229,733 million royalty to Sindh, Punjab, Balochistan and Khyber Pakhtunkhwa provinces from financial year 2001-02 to 2015-16," they told APP.Giving break-up, they informed that the company paid Rs 124.558 billion to Sindh, Rs 35.244 billion to Punjab, Rs ...

Pakistan - Industries & Sectors

CASA-1000 power supply project to be inaugurated on May 12 ISLAMABAD: The Central Asia-South Asia 1000 (CASA 1000) project to supply 1,000 megawatts electricity through a 750 kilometer long transmission line from Tajikistan to Pakistan would formally be inaugurated in Dushanbe on May 12.The project, signed between Tajikistan and Pakistan, would be completed at a cost of US$ 1.2 billion in two years.The power import project would help Pakistan get cheaper and clean energy to minimize its electricity shortages, according to Ambassador of Tajikistan to ...

Pakistan - Industries & Sectors

Companies to seek approval for issuing 0.5m domestic gas connections annually ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) will approach Oil and Gas Regulatory Authority (Ogra) seeking approval for issuing of 0.5 million gas connection per year."OGRA will be requested to approve 0.5 million domestic gas connection per year as presently 0.3 million gas connections had been allowed" said official sources in the Ministry of Petroleum and Natural.To a question they said the SNGPL and SSGC were providing gas ...

Pakistan - Industries & Sectors

CDA to remove all trees causing pollen allergy ISLAMABAD: Capital Development Authority (CDA) had decided to remove all paper mulberry trees which are causing pollen allergy in federal capital."CDA decided to remove only those paper mulberry trees which produced and shed pollen whereas the female trees were harmless and would be retained, enlistment of male paper mulberry has been started" said an official of CDA.He said male paper mulberry was considered a major source of allergy which needed eradication but strong opposite views ...

Pakistan - Industries & Sectors

7 more power pilferers apprehended ISLAMABAD: The Islamabad Electric Supply Company (IESCO) apprehended seven more electricity thieves in the company's regions in various raids during its ongoing drive against power pilferers. The spokesman told APP here that two culprits were caught red handed from Islamabad, four from Rawalpindi and one from Jhelum circles. He said the drive was launched on the directives of CEO Dr Rana Abdul Jabbar Khan. All culprits were found involved in power theft through direct line ...

Pakistan - Industries & Sectors

FESCO issues shutdown programme FAISALABAD: The Faisalabad Electric Supply Company (FESCO) has issued shutdown programme for Monday due to necessary repair, maintenance and expansion of electricity lines. According to the programme issued by the company today, power supply from Amin Pur, Sindhu, Langrana, Khurd Pur, Shehbaz Pur and Masha Allah feeders emanating from 132-KV Narwala grid station will remain suspended from 8:00 a.m. to 2:00 p.m. while all feeders of VAC- MTM and JK Tech grid stations will observe ...