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First-ever Metro Train Project

  Govt achieves another landmark of signing $1.6bn deal with China The present PML-N government achieved another landmark, as a historic agreement was signed for first-ever Metro Train Project in Pakistan. Punjab Chief Minister Muhammad Shahbaz Sharif signed the agreement on behalf of the Pakistan government, while Chairman National Development and Reform Commission China, Xu-Shaoshi signed the document on behalf of China for Metro Train Project. Under the agreement, Orange …

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Is lng really a viable solution?

  It seems there is a deliberate attempt to create justification for the import of Liquefied Natural Gas (LNG) and bid farewell to Iran-Pakistan (IP) gas pipeline project. This lobbying is being done on the behest of those who have been opposing the project for one or the other reason. The bottom line is to keep Iran and Pakistan at a distance and the efforts have been further enhanced by …

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Coal-based power projects set to usher economic prosperity

  It is estimated that by 2030 Pakistan would need 113,695MW of energy while its economic prosperity and development was linked with availability of energy for which country needs coal-based power projects to meet energy shortfall. Pakistan’s coal is better than India in terms of heating value, sulfur, ash and moisture. Pakistan needs a large number of coal-based power projects to bridge the widening gap between electricity demand and supply. …

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Gwadar port project takes off with brilliant economic future

  Gwadar port project has actually taken off in 2015 after eight years of its inauguration in 2007. It is the major development with reference to economic development of Balochistan that took place this year. Last month, Pakistan formally handed over the 2,281 acres free trade zone of Gwadar Port to China on a 43-year lease. After the formal handover of the free trade zone, all business affairs of the …

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Energy projects major component out of the four umbrella projects under CPEC

  The reliable and steadfast friendship between China and Pakistan is considered as an example all over the world and the economic benefits of this friendship for Pakistan are getting more eminent day by day under the recent agreement of China-Pakistan Economic Corridor investment project signed between the brotherly nations. The rising of China as an international economic power is proving advantageous for Pakistan. Regardless of the detrimental law and …

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Fast track movement on energy front in Pakistan

  Thar coal key to resolve future energy needs of the country Realizing the pinch of acute energy shortages, the present government has assigned top priority to different energy projects both in the public and private sector under Pakistan-China Economic Corridor package. Responding to the government policy, Engro Powergen Limited (EPL) signed a joint venture agreement with China Machinery Engineering Corporation (CMEC) for development of 2 x 330 MW coal …

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