Month: July 2022

In a major development, exports have been set in motion for the first time in the Gwadar Free Zone in the backdrop of exemption from all sorts of taxes and customs duties for a period of 20 years. Along with exports to foreign countries, the Gwadar Free Zone (GFZ) – both south and north – has also kick-started supply of trade articles and manufacturing items to the local marketof Pakistan. Both phenomenal steps, aligned with the e-Custom (Web-based One Custom – WeBOC) system, are aimed at helping Pakistan realise its…

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Foolproof security for Chinese nationals and clearance of over Rs250 billion worth of outstanding energy payments remain the key bottlenecks in the way of putting the China-Pakistan Economic Corridor (CPEC) project on a fast track, as the government seeks to hold the strategic planning committee meeting next month. Diplomatic and government sources said Pakistan would have to come up with a clear plan to address the Chinese security concerns and for the protection of Chinese investment under the CPEC framework. Chinese authorities have already asked Pakistan for expeditious completion of…

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The “2022 China’s 500 Most Valuable Brands” list, compiled by World Brand Lab, was released recently. Sungrow is on the list with a brand value of 61.586 billion RMB, a year-over-year increase of 40%, demonstrating a robust competitive strength and global influence. World Brand Lab is an international brand value research institute owned by World Executive Group, the world’s leading digital business and strategy consulting firm. China’s 500 Most Valuable Brands list, published annually for the past 18 years, is judged based on brands’ global influence, including financial data, market share, brand…

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The solar net-metering power generation has reached 419MW (approximately) with a considerable number of consumers switching to solar across the country. With around 149MW, Lahore Electric Supply Company (Lesco) stands first among 10 power distribution companies (Discos), Dawn has learnt. The net-metering project had been launched in 2016 countrywide. It allows any domestic, commercial, industrial and other consumers having at least a three-phase meter connection to be part of the power generation system by installing it on his/her premises (house, shop, factory, open spaces, etc). Under the arrangements, such a consumer may…

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The federal government is likely to grant mining sector a industry status aimed at facilitating its development as per rules of provincial governments, sources in Petroleum Division told Business Recorder. As per Constitutional provisions, minerals other than mineral oil, natural gas and nuclear substances and those occurring in federally controlled areas [Islamabad Capital Territory and offshore beyond the territorial waters] are a provincial subject. The provincial government is responsible for regulation of mineral exploration and production activities and grant of mineral titles for these operations. The federal government is mandated with…

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