The Federal Government and Karachi Electric (KE) are said to have been inching towards a long-waited settlement on new Power Purchase Agreement (PPA) and Arbitration Agreement, after a long deliberation, well informed sources told Business Recorder. This progress was witnessed at a meeting at Governor House in Karachi just a week after Prime Minister Imran Khan’s very important visit to…
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Pakistan economy is on solid growth path and has potential to grow at much higher rate in next five years despite a challenging environment across the globe, Khaleej Times reported while quoting experts. Top government officials, analysts and corporate leaders repose trust in growing economy and said higher GDP growth in 5-6 per cent per annum was going to be…
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Chinese have taken another step forward towards extending more cooperation towards Pakistan’s economic and social development as China Gezhouba Group Company (CGGC) will integrate into overall progress of both the countries. “A number of key projects invested and constructed by CGGC have played an important role in boosting Pakistan’s economic growth and creating jobs. They will continue engaging in the…
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Pakistan’s Atomic Energy Commission’ (PAEC) announced that the 1,100 MW reactor of (KANUPP-2), the second unit of the ‘Karachi Nuclear Power Plant’ was connected to the national grid. This reactor is ACP-1000 or Hualong One and was supplied on a turnkey basis by ‘CNNC’ (China National Nuclear Corporation). KANUPP-2 would provide Pakistan with a more reliable and cost-effective source of…
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What the renowned American hydro expert David Lilienthal wrote in 1951 holds true even today: “No armies with bombs and shellfire could divest a land so thoroughly as Pakistan could be devastated by the simple expedient of India’s permanently shutting up the source of water that keeps the field and the people of Pakistan green.” After the Uri attacks in…
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The China Pakistan Economic Corridor (CPEC) is gaining momentum with every passing day of Pak-China relationship, because of which the project would continue with more strength in days ahead. With the smooth sailing of CPEC project, Pakistan is foreseeing massive economic activity during days ahead. An appreciable outcome of a novel Belt and Road Initiative (BRI) of the Chinese government,…
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The country will witness an increase in the textile exports by up to $16.5 billion in June 2021 and $20 billion in June 2022 if the government assures the continuation of Regionally Competitive Energy Tariffs of $6.5 per MMBtu of Gas/RLNG and 7.5 cents per unit of electricity. The Patron-in-Chief of All Pakistan Textile Mills Association Gohar Ejaz stated this…
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The Special Assistant to Prime Minister on Climate Change Malik Amin Aslam explained the measures being taken under the prime minister’s vision for Clean Green Pakistan in a press release issed on Sunday. He said the ambitious green stimulus initiative, launched last year by Prime Minister Imran Khan to sustain economic instability caused by the Covid-19 crisis, focuses on innovative…
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The Oil and Gas Development Company Limited (OGDCL) on Monday announced the discovery of gas and condensate reserves in Balochistan province. “OGDCL as operator (100 percent) of Jandran Exploration Licence has discovered gas from its exploratory well Jandran X-04, which is located in district Barkhan, Balochistan province,” informed OGDCL, Pakistan’s leading oil and gas exploratory firm in a statement to…
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Pakistan’s sovereignty ultimately depends on achieving financial freedom and self-reliance. We should not let near-term economic challenges cloud our long-term thinking and direction towards this goal. One key step towards achieving this goal is the creation of the Pakistan Sovereign Wealth Fund (PSWF). A sovereign wealth fund will provide Pakistan with a mechanism to preserve and grow the nation’s wealth.…
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