ISLAMABAD, Jan 28 (INP): Sindh Engro Coal Mining Company (SECMC) has signed a memorandum of understanding (MoU) with Power Cement for the trial of Thar Coal in their cement manufacturing facilities. Gwadar Pro quoting an official statement of SECMC, reported on Saturday that company’s goal is to play a game-changing role in industries other than electricity generation and “proving Thar …

  KARACHI, Jan 26 (FD): The rupee’s losses continued on Thursday as the local currency dropped to Rs240 against the dollar in the interbank market. According to forex dealers, the greenback surged by R10.11 against the local currency in the interbank market and was traded at Rs240. The dollar is being sold at Rs250 in the interbank market, the forex …

  Pak Suzuki Motor Company (PSMC) decided to hike the prices of its various car models by up to Rs355,000, a notification issued by the carmaker said Wednesday. Earlier on Monday, Honda Atlas Cars— owing to the “uncertain economic conditions” — decided to pass on the burden to its customers by raising the price of its CKD models by up to …

  Owing to the “uncertain economic conditions”, Honda Atlas Cars decided to pass on the burden to its customers by raising the price of its CKD models. The carmaker cited inflation in material cost and volatility of forex as two major reasons behind its decision to increase the prices by up to Rs550,000, a notification issued in this regard said, …

  ISLAMABAD, Jan. 23 (INP): Turkish and Saudi delegation has shown keen interest to make massive investments in the Gwadar Free Zone with tax holidays. Ahmad Emran Ayubi, representing the Turkish delegation, along with Pak-Saudi Business Chamber official Sohial Siddiqui, Lahore Chamber of Commerce and Industry official Adeeba Sheikh and Pakistan Transport Council President Tanveer Ahmed met high-ups of COPHC, …

  ISLAMABD, Jan 21 (FD): Gold prices in Pakistan  ripped higher as demand continued to remain northwards amid the elusive US dollar and a run-down rupee ahead of the monetary policy committee’s Monday meeting — where the central bank is seen taking a hawkish stance to stem runaway inflation. Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) …

  KARACHI, Jan 20 (FD):  The State Bank of Pakistan (SBP) has sought details of stuck-up imported containers at the ports, ARY News reported on Friday. The development follows a meeting held with the Governor State Bank of Pakistan (SBP) Jameel Ahmed at the Karachi Chamber of Commerce & Industry (KCCI). The Karachi Chamber has requested members of the Business …

  ISLAMABAD, Jan. 18 (INP): Haier group is going local in Pakistan with new technology, according to a report published by Gwadar Pro on Wednesday. The report says, from UPS air conditioners to the electronically controlled variable frequency refrigerator that can make ice in one hour, to washing machines with “one touch” function, to today’s smart home appliances, Haier Pakistan …

  ISLAMABAD, Jan. 18 (INP): Pakistan’s first DC power transmission talents is passing down most advanced technologies, according to China Economic Net (CEN). At Matiari Converter Station, the starting point of Pakistan’s power transmission artery, the 886-km Matiari to Lahore ±660kV HVDC Transmission Line, Mir Arslan Ali is training junior engineers. As one of the founding employees of the project Pakistan’s …

  ISLAMABAD, Jan. 16  (INP): Pak-China joint venture shares evolution experience of EV standards in China, Gwadar Pro reported it on Monday. Pakistan’s automobile industry is entering a new phase of industrial and technological development. In the last one and a half years, the Pakistani government has taken different initiatives to promote electric vehicles. As a nation, Pakistan is learning technology …