Business News

Punjab govt signs MoU with Chinese Co for power project

Salim Ahmed

Lahore—A memorandum of understanding was signed between Punjab government and a prominent Chinese company Zonergy here today. Punjab Chief Minister Muhammad Shahbaz Sharif was the chief guest on the occasion. Under the agreement, Chinese company will set up a 900 megawatt solar project at Quaid-e-Azam Solar Park which will be completed within 21 months. Moreover, 500 megawatt solar energy project will be completed in 15 months and 400 megawatt solar project after next six months. Additional Chief Secretary Energy Jehanzeb Khan and the President of Chinese Company Yu Yong signed the document.

SBP to facilitate issuance of fresh notes to general public

Staff Reporter

Karachi—The State Bank of Pakistan (SBP) has decided to further facilitate issuance of fresh currency notes to general public during ongoing month of Ramazan. For the purpose the field offices of SBP BSC shall also start issuing fresh notes to the general public from its counters from Thursday July 24, 2014 (Thursday) till the last working day of Ramazan, says a statement issued by the Central Bank on Wednesday.

Emirates, Etihad airlines to resume flights from Peshawar: CAA

Islamabad—Emirates International and Etihad Airways will resume their flight operations to and from Bacha Khan Airport in Peshawar from July 24 and August 1 respectively. This was stated by Spokesman of Civil Aviation Authority (CAA) Abid Qaim Khani while talking to APP. He said that security on Bacha Khan airport has been beefed up and both airlines agreed to again start flights for residents of Khyber Pakhtunkhwa. Abid said that Director General CAA is also holding discussion with the management of Saudi Airlines for restoring its flight from Peshawer. The official added that Etihad Airways will restart its operations from August 1 whereas the first flight of Emirates International Airline will arrive in Peshawar at 7 am on July 24.

Growers advised to sow onion nursery

Multan—Agriculture experts have advised growers to begin onion nursery sowing from last week of July in soil having proper water absorption capability to get good production. Before sowing, growers must mix animal waste fertilizers at the rate of one maund per marla and irrigate fields, says a release issued by media liaison unit of Punjab agriculture department on Wednesday. Growers should plough the field twice or thrice and then apply land leveller and leave the field empty to wait for growth of weeds for their proper removal.

MOL Pakistan dispatches food items for NW IDPs

Peshawar—MOL Pakistan Oil & Gas Company, a subsidiary of MOL Hungary and presently working in TAL Block consisting of districts of Karak, Kohat and Hangu, on Wednesday despatched two trucks loaded with food items for the IDPs in Kohat division. At a simple ceremony, MD/CEO MOL Pakistan Akos Grosz handed over the trucks to Shehryar Afridi a local MNA from Kohat.

Sindh to have two more industrial parks: BoI

Staff Reporter

Karachi—The Government of Sindh under the leadership of Chief Minister Sindh, Syed Qaim Ali Shah has been able to get the SEZ status for two more industrial zones in the province. The zones namely Korangi Creek Industrial Park and Bin Qasim Industrial Park during second meeting of approval committee of Board of Investment under SEZ Act 2012.

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