Author: Admin

P@SHA-Led Pakistan Delegation Secures Seven Awards at the Prestigious APICTA Awards 2025 in Taiwan Karachi: The Pakistan Software Houses Association (P@SHA) proudly led the largest-ever Pakistani delegation of 55 participants, representing 27 technology companies, startups, and student teams, at the Asia Pacific ICT Alliance (APICTA) Awards 2025, held in Kaohsiung, Taiwan. All participants had qualified through the prestigious HBL P@SHA ICT Awards 2025, which recognized 104 outstanding projects, including 37 winners, 58 runners-up, and 9 special appreciation recipients. The week-long event, inaugurated by Hou Yi-Hsiu, Deputy Minister of Digital Affairs…

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KARACHI: Sindh’s less-developed regions have witnessed a major energy transformation under the China-Pakistan Economic Corridor (CPEC), with 12 power projects successfully completed, significantly strengthening electricity generation, transmission capacity, and overall energy security in the province. According to official documents from the Ministry of Planning, Development and Special Initiatives, the completed projects span multiple financing modes — including Independent Power Producer (IPP), Foreign Direct Investment (FDI) and Built-Operate-Transfer (BOT) arrangements. In Tharparkar, the landmark 660MW Engro Thar Power & Mine project was completed at a cost of $995 million, advancing Pakistan’s…

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ISLAMABAD: The Special Investment Facilitation Council (SIFC) has instructed the Petroleum Division to submit a summary to the Economic Coordination Committee (ECC) recommending that Pakistan’s mining sector be formally granted industry status, well-informed sources told Business Recorder. During a recent SIFC meeting, the Power Division confirmed that it had shared its comments with the Petroleum Division on December 3, 2025, while the Petroleum Division noted that feedback from all stakeholders had been received. Participants emphasized that, despite Pakistan’s vast mineral wealth, the mining sector remains severely underdeveloped. Formal recognition as…

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The Oil and Gas Development Company Limited (OGDCL) announced on Thursday that it has received Rs41.8 billion from Uch Power (Private) Limited, marking a significant step in the government’s ongoing efforts to reduce circular debt in the energy sector. In a notification to the Pakistan Stock Exchange (PSX), OGDCL confirmed that the payment was made against longstanding receivables. “This receipt reflects the Government of Pakistan’s initiative to address circular debt in the energy sector,” the company said. Earlier, sources told Business Recorder that the Central Power Purchasing Agency–Guaranteed (CPPA-G) is…

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