Day: January 25, 2021

Trade Bodies outrightly Reject Decision of Government of disconnecting Gas to Industry: Mian Nasser Hyatt Maggo, President FPCCI

Karachi, January 25, 2021 (PPI-OT): The industry will face the ever severe situation in the wake of discontinuation of gas supply to captive power generation for general industry from 1st February and the export-oriented sectors from 1st March 2021 leaving severe impact on the economy and exports of Pakistan. This was stated by Mian Nasser Hyatt Maggo, President FPCCI addressing a highly attended Press Conference attRead More…

VIS Withdraws Entity Ratings of Nishat Chunian Power Limited

Karachi, January 25, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings assigned to Nishat Chunian Power Limited (NCPL), with immediate effect, on account of non-renewal of rating contract. The previous rating action was announced on April 06, 2020.
For more information, contact:
Director Compliance and Rating Analytics,
VIS Credit Rating Company Limited
VIS House, 128/C, 25th LanRead More…

BQPS-III first turbine commissioning on fast track

Karachi, January 25, 2021 (PPI-OT): K-Electric’s flagship 900 MW power plant, BQPS-III is progressing on fast track and the Gas Turbine, Generator and Heat Recovery Boiler for the first unit of 450 MW have arrived at the power utility’s Bin Qasim Power Complex. Steam Turbine and Transformers for the first unit are on the way to the site. All relevant civil works are progressing swiftly for the installation with tRead More…

USF Awards Contract worth PKR 254 Million to Jazz for Providing Broadband Services in Jhelum and Chakwal Districts

Islamabad, January 25, 2021 (PPI-OT): The Universal Service Fund (USF) awarded a contract worth approximately PKR 254 Million to Jazz for providing High-Speed Mobile Broadband services in rural and remote areas of Punjab. Federal Minister for IT and Telecommunication, Syed Amin Ul Haque and Federal Minister for Science and Technology, Fawad Chaudhry witnessed the contract signing ceremony held at the Ministry of IT aRead More…

Nestle Pakistan Steps-Up Efforts for Waste-Free Hunza

Lahore, January 25, 2021 (PPI-OT): In line with its global vision for a waste-free future, Nestle Pakistan recently stepped up efforts under the Clean Hunza Project by installing a machine for bailing and compressing packaging waste in Hunza. Launched in 2019, Clean Hunza Project is part of District Council Hunza’s initiative on waste management, in partnership with Nestle Pakistan, Gilgit Baltistan Waste ManagemenRead More…

Different issues from time to time hit growing exports of textile sector: Feroze Alam Lari

Karachi, January 25, 2021 (PPI-OT): Feroze Alam Lari, Chairman, Towel Manufacturers’ Association of Pakistan has said that despite availability of huge value added textile export orders available to the exporters of this country, different issues from time to time hit growing exports of textile sector.
“Export sector is already facing the scarcity of cotton yarn in the domestic market due to reduction in productiRead More…

SM Muneer expresses hope that Pakistan’s exports will increase significantly in the next six months

Karachi, January 25, 2021 (PPI-OT): United Business Group’s Patron in Chief and former President FPCCI SM Muneer has expressed hope that Pakistan’s exports will increase significantly in the next six months and domestic and economy will improve further. SM Muneer said that all the industries of the country have started benefiting from the increase in exports and the economy are continuously improving. TheRead More…

Bookme partners with Walled city of Lahore to promote tourism

Lahore, January 25, 2021 (PPI-OT): Walled city of Lahore authority signs agreement with Bookme.pk as an official online ticketing partner to provide a hassle-free digital experience for tourist to conveniently purchase online tickets through Bookme.pk in Lahore. This partnership supports government agenda of promoting tourism in Pakistan.
Talking on the occasion CEO, Bookme.pk – Mr. Faizan Aslam, said “LahoreRead More…

Government should immediately revoke SRO 237: Sardar Yasir Ilyas Khan

Islamabad, January 25, 2021 (PPI-OT): The importers of halal products in a meeting with Sardar Yasir Ilyas Khan, President Islamabad Chamber of Commerce and Industry have expressed their great concern on the issuance of SRO 237 by the Ministry of Commerce and Textile. They said that as per the said SRO importers will have to comply with the strict conditions while importing halal food products including ingredients aRead More…

COVID-19 claims 8 more patients, infects 854 others

Karachi, January 25, 2021 (PPI-OT): As many as 8 more patients of Coronavirus died overnight lifting the death toll to 3,900 and 854 new cases emerged when 11,497 tests were conducted. This was stated by Sindh Chief Minister Syed Murad Ali Shah in a statement issued here on Monday. He added that 8 more patients of COVID-19 lost their lives lifting the death toll to 3,900 that constituted 1.6 percent death rate.
Mr ShRead More…