The federal government will spend around Rs 6.657 billion on 10 projects of the Industries and Production Division under the Public Sector Development Programme (PSDP) during the upcoming financial year 2026-27. According to a budget document released here on Friday, an amount of Rs.4.881 billion has earmarked for the development of Block-A (500 acres) of […]
Industries
Target set for setting up 100 new industries in 100 days
The Punjab government has completed preparation for the industrial revolution in the province. On the instructions of the chief minister, the working of the “Punjab Industrialisation Programme” has been completed, under which the target of establishment of 100 new industries has been set. According to the official sources, a new framework has been prepared for […]
LCCI president discusses economic challenges with Jam Kamal and Haroon Akhtar
LAHORE, October 23 – Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol met Federal Minister for Commerce Jam Kamal Khan and Prime Minister’s Special Assistant on Industries and Production Haroon Akhtar Khan to discuss key economic issues faced by the business community. Read More: “Pakistan’s Economic Success: Inflation Drops, Growth Projections […]
PM unveils subsidised power package for industries, farmers
Prime Minister Shehbaz Sharif on Thursday announced a package to provide additional electricity to the industry and agriculture sectors at a subsidized rate of Rs 22.98 per unit for the next three years. The prime minister announced the Roshan Economy Electricity Package during a meeting with a delegation of experts from the industry and agriculture […]
PM launches skill development program to empower youth for global job market
Prime Minister Shehbaz Sharif has approved a major initiative to provide youth with industry-relevant training, aiming to meet local and global labor market demands. The program will equip young people with the skills needed to secure employment in various industries. The Prime Minister will personally oversee the project, ensuring that training aligns with the […]
Mian Anjum Nisar calls for uninterrupted gas supply to industrial sector
While condemning the jump in rates of petroleum products, the Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel Chairman Mian Anjum Nisar has called for reducing tax ratio on oil products to support the trade and industry, as the government has been charging very high petroleum levy and sales tax on petroleum products. […]
Industry relocation from China to Pakistan to be accelerated
Chinese Ambassador to Pakistan Nong Rong has said that practical steps for the “relocation” of the industry from China in the Allama Iqbal Industrial City, a priority special economic zone to be set up under the CPEC, will be further intensified. He was talking to Mian Kashif Ashfaq, Chairman, Faisalabad Industrial Estate and Management Company […]
UNGA says actionable solutions needed to address ocean crisis
NEW YORK: The world must harness clear, transformative and actionable solutions to address ocean crisis, UN General Assembly President Volkan Bozkir said, opening a meeting to generate momentum towards the 2022 UN Ocean Conference, when public health safety measures allow. “Simply speaking, our relationship with our planet’s ocean must change,” he told a high-level thematic […]
Ethiopia starts rationing electricity for homes and industries
Ethiopia has started to ration electricity for domestic and industrial customers after a drop in water levels in hydroelectric dams led to a production deficit, the minister for water and electricity, Seleshi Bekele, said on Friday. The drop in water levels at the country’s Gibe 3 dam had led to a deficit of 476 megawatts, […]
ECC addresses fertilizer shortfall, approves importing 100,000t urea
Finance Minister Asad Umar chaired meeting of the Economic Coordination Committee of the Cabinet (ECC) here on Wednesday. The Industries & Production Division briefed the Committee about the availability of urea in the country. In order to facilitate the farmers and meet their urea’s demand, the Committee approved immediate import of 100,000 tons of urea. […]