ISLAMABAD, Dec 09, (INP-WealthPK): Located in Mirpur district of Azad Jammu and Kashmir (AJK), Mangla Dam’s units 5 and 6 have been operationalized after refurbishment with the financial assistance of the United States Agency for International Development (USAID), reports WealthPK. The upgradation of units 5 and 6 was carried out under Phase 1 of the Mangla Power Refurbishment Project. The …
ISLAMABAD, Dec. 09, (INP-WealthPK)—Governor of Khyber Pakhtunkhwa Ghulam Ali has said that economic activity in the merged districts needs to be revived through investments and establishing trade links. He said it is very important to bring modern industrial input into the region to fully utilize the natural resources offered by the region. He highlighted the rich mineral deposits of the …
ISLAMABAD, Dec 09 (INP-WealthPK) — The recent hike in interest rate by the State Bank of Pakistan (SBP) will heighten the borrowing cost that will in turn raise the cost of doing business resulting in closure of industries and rendering hundreds of thousands of workers jobless, reports WealthPK. Ayaz Ahmed, former senior research economist at the Pakistan Institute of Development …
ISLAMABAD, Dec 09 (INP-WealthPK) – The rising oil prices in Pakistan necessitate greater focus on energy efficiency and a faster transition from fossil fuels to renewable sources, particularly in the transport sector, reports WealthPK. According to the latest research into green transport penetration in Pakistan conducted by the US-Pakistan Centre for Advanced Studies in Energy (USPCAS-E) at the National University …
ISLAMABAD, Dec 09 (INP-WealthPK) — The government has set a target of manpower export of one million this year, as many countries, including Romania, Portugal and Greece, have shown interest in importing manpower from Pakistan, said Minister for Overseas Pakistanis and Human Resource Development Sajid Hussain Turi, reports WealthPK. He expressed these views while addressing the business community during his …
ISLAMABAD, Dec. 09 (INP-WealthPK) — The Lahore Chamber of Commerce and Industry (LCCI) has demanded the government allocate land for the establishment of a cottage city, and also formulate tax policies for the sector as the cottage industry is not only a building block of the economy but is also critical for alleviating poverty and unemployment in the country. This …
ISLAMABAD, Dec.9 (INP): 64th “Gwadar Day”, an epic memory of the transfer of Gwadar from Oman to Pakistan, was celebrated with traditional fervor, offering people to refresh the watershed moment that is now changing the physical layout of Gwadar from a small fishing town to a rising logistic hub in the region, Gwadar Pro reported on Friday. People commemorate …
ISLAMABAD, Dec. 08 (INP-WealthPK) — The government will invest Rs 100 million during this fiscal year to advance an ongoing project for the geological mapping of 50 toposheets of outcrop areas to find mineral potential in Balochistan province. According to a document available with INP-WealthPK, 50 geological mappings of toposheets in outcrop areas, out of 354 unmapped toposheets in Balochistan …
ISLAMABAD, Dec 08 (INP-WealthPK) – – Prime Minister Shehbaz Sharif has asked Chinese businesses to extensively invest in renewable energy projects in Pakistan, especially solar energy. He was speaking to a group from the Third Engineering Bureau of China Construction, which was led by Tan Guofu, the vice chairman of the organisation. Tan Guofu’s promise to invest more money in …
ISLAMABAD, Dec. 08 (INP-WealthPK) — From 2010 to 2020, the data centre industry in Pakistan experienced a spectacular growth. Data centres has evolved from ICT (information and communication technology) equipment rooms to cloud data centres. According to a report of China Academy of ICT (CAICT), an independent research institution, rapid development of new technologies such as artificial intelligence (AI), cloud …
