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Business

Industrialists halt Unit expansion, Machinery upgrading due to Gas outage & high Power tariff

The Biz Update4 years ago1 year ago04 mins

Karachi, February 03, 2021: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), has said that the anti-industry measures of the federal government have started having negative effects as a result of which the industrialists have stopped the expansion of their units and upgrading of machinery, while Investors have also stopped to setup…

Pakistan

KE signs US$ 50 mln loan agreement with Standard Chartered supported by GuarantCo for upgrading power infrastructure

The Biz Update5 years ago06 mins

Karachi, October 01, 2019: K-Electric has signed US$ 50 million loan agreements with Standard Chartered which is supported by GuarantCo to undertake upgradation of power infrastructure including the installation of theft-resistant Aerial Bundled Cable (ABC) as well as smart grid solutions. The financing documents were signed at KE head office by Moonis Alvi, CEO and Rizwan…