Author: Admin

UAE Marks 54th National Day with Spectacular Celebration at the Newly Opened Zayed National Museum

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New-Project53

Abu Dhabi, December 3, 2025: The United Arab Emirates commemorated its 54th National Day (Eid Al Etihad) with a grand and immersive ceremony held at the newly inaugurated Zayed National Museum in Abu Dhabi. The event transformed the museum into a dramatic stage where the nation’s heritage, resilience, and future aspirations were brought to life through an evocative visual and narrative performance. The ceremony was graced by the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, along with their…

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Turkish Investor Keen in Privitization of Power Sector Entities.

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New-Project51

Islamabad : December 2, 2025 Pakistan is looking forward to the participation of experienced and reputable international private-sector investors in the bidding for the privatization of its Power Distribution Companies (DISCOs). In this regard, the participation of Türkiye’s companies, with their vast experience, is considered very important. This was stated by Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, during his meeting with the Minister of Energy and Natural Resources of the Republic of Türkiye, Mr. Alparslan Bayraktar, in Islamabad today. The Federal Minister appreciated the Government of Türkiye…

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OMAP Asks SIFC to Clamp Down on Campaigns Undermining Foreign Investment

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OMAP-Project

KARACHI: The Oil Marketing Association of Pakistan (OMAP) has urged the Special Investment Facilitation Council (SIFC) to take decisive action against individuals and politically motivated groups allegedly running malicious campaigns aimed at discouraging foreign direct investment (FDI) in the country. In a letter addressed to Lt Gen Sarfraz Ahmed, National Coordinator at SIFC, OMAP expressed concern over “misleading, factually incorrect and malicious advertisements” being circulated against the petroleum sector. These efforts, it said, are designed to confuse the public, sow doubt, and undermine reputable companies operating fully within Pakistan’s legal…

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Rs23bn NGC–PMLTC Tax Dispute Referred to CPEC Review Committee

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New-CPEC

ISLAMABAD: A major financial dispute worth Rs23 billion between the National Grid Company (NGC) and the Pak Matiari–Lahore Transmission Company (PMLTC) has been escalated to the China–Pakistan Economic Corridor (CPEC) Review Committee, headed by Minister for Planning, Development and Special Initiatives Ahsan Iqbal. According to sources, Chinese-owned PMLTC has reported that NGC—formerly National Transmission and Dispatch Company (NTDC)—is refusing to pay Provincial Sales Tax on transmission service invoices, despite the levy becoming legally applicable in July 2023. The tax is contractually defined as a pass-through cost under the Transmission Service…

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SPEL Commissions 575KW Solar Plant, Expands Green Energy Capacity to 4.1MW

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New-SPEL

KARACHI: SPEL Limited (formerly Synthetic Products Enterprises Limited) has commissioned a 575KW solar power project, boosting its total renewable energy capacity to 4.1MW. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “This milestone marks another significant step in our Environmental, Social, and Governance (ESG) commitments,” the company said. “With the addition of the new 575KW project to our existing 3.55MW of green energy, SPEL now meets roughly 24%–29% of its annual electricity requirements through clean, renewable sources. This achievement reflects our dedication to…

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