Cement-maker expects to save half a billion rupees each year KARACHI: Lucky Cement has kick-started its second captive solar power plant for its own consumption with the aim of reducing costs and continuing to stay in profit under a challenging macroeconomic working environment in the country. The construction material manufacturer said in a notification to the Pakistan Stock Exchange (PSX)…
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Boost long-term contracts with Qatar, US suppliers by nearly 50% SINGAPORE/LONDON: China’s liquefied natural gas (LNG) importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market. The beefed-up trading presence of Chinese importers puts them in direct competition with such global heavyweights as…
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Gwadar transformed into thriving modern city, says Chinese firm chairman LAHORE: China Overseas Port Holding Company (COPHC) Chairman Yo Bo has emphasised that Pakistan’s economic circumstances were primarily responsible for delay in China-Pakistan Economic Corridor (CPEC)’s development. In a meeting at the Lahore Chamber of Commerce and Industry (LCCI), Yo shed light on the transformative progress of Gwadar under CPEC.…
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Caretaker Finance Minister Shamshad Akhtar visits Federal Board of Revenue to review progress so far on implementation of $3 billion Stand-by-Arrangement of the International Monetary Fund ISLAMABAD: Caretaker Finance Minister Shamshad Akhtar has held her first meeting on power sector after assuming the charge and visited Federal Board of Revenue (FBR) to review progress so far on implementation of $3…
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PALSP urges Nepra to facilitate renewable energy integration into grid ISLAMABAD: Pakistan Association of Large Steel Producers has asked NEPRA to facilitate renewable energy integration into the grid by B4 industrial consumers to incentivize industries to invest further in renewables. In a letter addressed to NEPRA, PALSP which is the leading representative body of steel sector, urged the Authority to…
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