Monthly Archives: August 2020

Pakistan’s Largest Cement Company to Start Producing Electricity in 6 Months

DG Khan Cement is constructing a 10MW waste heat recovery and a 30MW coal-fired power plant that are set to start electricity generation in December 2020 and March 2021 respectively. According to a statement by the company, these two power generation facilities will enable the Balochistan site to be fully self-sufficient. The Balochistan plant is

Bank of Punjab’s Assets Surge to Over Rs. 1 Trillion

Bank of Punjab has become the 9th bank in Pakistan to cross Rs. 1 trillion in assets. According to the financial report, the bank’s total assets stand at Rs. 1.018 trillion. Previously, leading banks such as Habib Bank, United Bank, National Bank of Pakistan, MCB Bank Allied Bank, Bank Al-Habib, Meezan Bank, and Bank Alfalah

Pakistan Imports its Cheapest LNG Cargo Ever

Today, Pakistan has imported its lowest-priced liquefied natural gas (LNG) cargo. According to the details, Pakistan LNG has imported its cheapest LNG cargo through The State Oil Company of Azerbaijan Republic (SOCAR). Back in July, SOCAR was the lowest bidder, which quoted a remarkable rate of 5.7395% of Brent (approx. USD 2.2/mmbtu) for the cargo.

Pakistan’s Economy Could Grow by 1.8% in FY21: IIF

Pakistan’s economy could grow by 1.8% in FY2020/21 driven by some recovery in private consumption. This was stated in a report which was released by the Institute of International Finance (IIF) by the name “Pakistan: Commitment to Reform Faces a Test.” The report stated that the pandemic led to a contraction in output of 0.7%

Steel Manufacturing Company Sets Up Subsidiary To Bring Modern Construction to Pakistan

The locally listed Steel Manufacturing Company International Industries Limited (INIL) has set up a wholly-owned subsidiary i.e. IIL Construction Solutions in order to tap the construction sector of the country. This new company will set up a new trend of construction that will enhance the pace of work in the construction of high-rise buildings and

مغربی چین کا ساحلی شہر وانژو سیاحوں کو محظوظ کرنے کے انتظار میں ہے

وانژو،چین، 29 اگست، 2020 /پی آر نیو وائر/۔۔ مغربی چین کے چونگچن بلدیہ کا ضلع وانژو ایک ساحلی شہر ہے،اور اس نے 27آگست کی رات ایک لائیو سٹریمنگ شوکے ذریعہ ایک سماع باندھ دیا جس کا مقصد اس کی سیاحت اور روایتی مصنوعات کی تشہیر کرنا تھا۔ضلع وانژو کے پبلک ڈپارٹمنٹ کے بقول12پلیٹ فارموں پر […]