Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
It was announced by the Afghan mining minister that Chinese and Indian bidders and in the front line for deals to mine Afghanistan’s rich iron ore and oil deposits. The official further cited it was worrying for him that the Western companies are still reluctant to invest in a war-stricken country like Afghanistan. The country’s […]
As Eid-ul-Azha draws near, the prices of sacrificial animals have gone up at the district cattle markets in the upper Sindh. However, in the flood-stricken areas of lower Sindh districts, the prices are relatively lower. Livestock traders form a number of cities, including Karachi, Lahore, Faisalabad and Gujranwala, have horded in these rain-wrecked districts of […]
Major shareholder abandons Hubco; 140 million shares sold for $60 million The rumours finally materialised last week when Xenel industries of Saudi Arabia actually sold out its entire holding in the Hub Power Company, Pakistan’s Largest Independent Power Plant, to quit its investment from Pakistan. Xenel sold its 140 million shares in Hubco for $60 […]
Pakistan’s possession of extraordinary potential in human and natural resources was greatly acknowledged by the German ambassador in Karachi on Friday. Dr. Tilo Klinner, the Consul General of the Federal Republic of Germany posted in Karachi, spoke highly of Pakistan’s resources and supported the view that Pakistan should have an access to the huge markets […]
Disastrous floods in the province of Sindh have jolted the economy of Pakistan badly and it is estimated that the GDP (gross domestic product) growth rate will fall by 0.5 per cent for the current financial year. One of a senior official in the Ministry of Finance cited in a background briefing that the country’s […]
Prime Minister inaugurates construction of Diamer-Bhasha dam Prime Minister Sayed Yousuf Raza Gilani has laid the foundation stone of the Diamer-Bhasha dam on the Indus River, near Chilas. He cited that the $12 billion project will produce 4,500 megawatts of electricity and will have a storage capacity of over 8 million acre feet of water. […]
Another grave incompetence of the government’s poor planning was revealed on Monday, when it was admitted on the floor of the house that the ship-mounted rental power plant anchored in Karachi is eating up a staggering Rs. 780 million per month to generate merely 51 megawatts of electricity. When one of the PML-N minister, Muhammad […]
Despite of bad law and order situation in Karachi, the city is still attracting a number of foreign investors to start their operations in Pakistan. Lotte, a South Korean company, is undertaking an extensive program to swell out its operations and is willing to invest $500 million in a number of projects in Pakistan. In […]
Chinese group pulls out of Thar coal mining project The Kingho group, one of the China’s largest private coal mining company, has withdrawn from the Thar coalfield all of a sudden and it seems as if the company has lost its interest in the mining project in Pakistan. The Chinese group came up with an […]
Is the major shareholder in Hubco about to offload all of its holding? In the exacerbating electric power supply conditions throughout the country, another major blow is about to hit the power generation sector. Xenal Industries of Saudi Arabia, the group which hold 140 million shares in Hubco (Hub Power Company), is expected to withdraw […]
