ISLAMABAD, Oct 27 (APP): The International Finance Corporation (IFC) has provided a grant of US$1.8 million to encourage private sector investment in local production of electric vehicles in Pakistan. The development comes as part of a broader initiative spearheaded by the Ministry of Industries and Production (MoIP) to formulate a comprehensive policy aimed at accelerating…
ISLAMABAD, Oct 25 (APP): The government is working to restore the SRO 760(I)/2013 – Import and Export of Precious Metals, Jewellery, and Gemstones Order, 2013. The move aims at reviving Pakistan’s gemstone and Jewellery trade, enhance export potential, and curb illegal trading in the sector. According to official documents available with Wealth Pakistan, the federal…
ISLAMABAD, Oct 24 (APP): Pakistan has relocated the Hydrocarbon Development Institute of Pakistan (HDIP) laboratory to Taftan, enabling the on-site testing of hydrocarbons and related products at the border wih Iran. The decision marks a major milestone in Pakistan’s trade facilitation framework with Iran, aiming to expedite the clearance process for fuel and energy consignments…
Staff Reporter The closure ceremony of the Balakot Hydropower Project, a landmark initiative of the Government of Khyber Pakhtunkhwa, was held today to celebrate a major step forward in Pakistan’s renewable energy development. The project, executed by the China Energy Engineering Group (Energy China) through its subsidiary Gezhouba Third Engineering Co., Ltd., will produce 300…
ISLAMABAD, Oct 23 (APP): Significant progress has been achieved on the World Bank-funded 500kV Tarbela 5th Extension Transmission Line Project, which has recorded 87.5 percent physical and 87 percent financial completion by the end of September 2025 The project, a vital component of the Public Sector Development Programme (PSDP), is being implemented by a joint…
Staff Reporter SAHIWAL On 1 October, the planned maintenance for Unit-2 of the 1320 MW Sahiwal coal-fired power plant went offline for an intensive, month-long program of inspections, repairs, and optimization that is scheduled to finish in the last week of October. This routine but critical outage brings together every specialty on site: Instrumentation &…
ISLAMABAD, Oct 22 (APP): Pakistan is collaborating with a wide range of international organizations, development partners and private stakeholders to establish National Carbon Trading Framework, which will not only strengthen its climate governance but also monetize climate actions. Muhammad Saleem Shaikh, Climate Analyst at the Ministry of Climate Change and Environmental Coordination, told Wealth Pakistan…
ISLAMABAD, Oct 21 (APP): The Punjab Livestock Department has disbursed Rs370 million among farmers under its livestock loan scheme, as the province pushes ahead with the second phase of the initiative aimed at enhancing milk and meat production. Dr. Haider Ali Khan, Director of the Punjab Livestock Department, told Wealth Pakistan that under the ongoing…
ISLAMABAD, Oct 20 (APP): The Dhabeji Grid Station project in Sindh, a key component of Pakistan’s energy transmission upgrade, has achieved nearly 80 per cent physical progress and is on track to become fully operational by December 2025, officials confirmed on Monday. Financed through the Public Sector Development Programme (PSDP), the 220/132kV Gas-Insulated Switchgear (GIS)…
ISLAMABAD, Oct 20 (APP): The National Productivity Organization (NPO) has helped local industries achieve Rs11.18 billion in productivity-related value addition over the past four years by utilising a total public grant of Rs374 million. Operating under the Ministry of Industries and Production (MoIP), the NPO has significantly expanded its outreach to industrial and service sectors,…
