Business
HUBCO 330MW ThalNova Power Thar Private Limited achieves financial close
Karachi, October 01, 2020: The Government of Pakistan has notified the achievement of Financial Closing by ThalNova Power Thar Private Limited (TNPTL), an associated company of Pakistan’s largest Independent Power Producer, The Hub Power Company Limited (Hubco) at a ceremony chaired by Mr. Shah Jahan Mirza, Managing Director Private Power & Infrastructure Board (PPIB) in…
Pakistan Stock Exchange index closes negative
Karachi, September 30, 2020: Early recovery was witnessed at the local bourse where the market moved to intraday high of +234 point then after the news regarding increased COVID cases and lockdown shattered overall sentiment market intraday low of -709 points to close at 40,571 level (down -633 points). Traded volume stood at 474 million…
Treatment plants to be set up in North Karachi industrial area: Murtaza Wahab
Karachi, September 30, 2020: The Sindh Law and Environment Adviser, Barrister Murtaza Wahab, has said that the Sindh government will represent the business & industrialist community. With this in mind, more funds will be provided to Karachi’s industrial zones. He said this while talking to the media after reviewing the ongoing development works in the…
EFP, PRGMEA form GSP Plus Committee
Karachi, September 30, 2020: Employer’s Federation of Pakistan and Pakistan Readymade Garments Manufacturers and Exporters Association have formed the EFP-PRGMEA GSP Plus Committee to sensitize the government and others to wake up and immediately start the campaign to ensure that European Union continues to grant GSP Plus status to Pakistan for another ten years from…
Agha Steel signs Rs10 billion MoU with Horizon Steel
Karachi, September 28, 2020: Agha Steel Industries is going to sell 100,000 metric tons of low-carbon billets worth approximately Rs 10 billion per annum to Horizon Steel. The two companies have signed a memorandum of understanding (MoU) that ensures Agha Steel will reliably supply the intermediate steel product that the downstream steel industry uses as…