Monday, October 30th, 2017
Chinese keen to invest in KP auto-mobile, tourism, transport sectors
PESHAWAR, OCT 30 (DNA) – A two-member delegation of Chinese investors Monday met business community of Khyber Pakhtunkhwa and FATA and expressed keen interest for investment in auto-mobile, tourism and infrastructure sectors of the province. The two-member delegation of Chinese investors is part of 8-member delegation currently on visit of Pakistan have arrived from Sychuan province of the Peoples Republic of China. Those who interact with the Chinese delegation were included Vice President, Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Rasheed Paracha, former vice president, Mohammad Adnan Jalil,Read More
CPHGC signs $1.5 billion foreign financing agreement with Chinese lending consortium
ISLAMABAD, OCT 30 (DNA) – China Power Hub Generation Company Pvt. Ltd. (CPHGC) and a consortium of banks, led by China Development Bank and the Export & Import Bank of China have signed financing documents including the main foreign loan facility agreement on in the Chinese city of Chengdu. The consortium of banks will provide up to 75 per cent of total Project investment, that is approximately $1.5 billion. To-date, CPIH has provided $300 million as shareholder loan to pay for project construction. Representatives of China Power International Holding LtdRead More
OGDCL drilled 22 wells, added 18 in production gathering system
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has drilled 22 exploratory, appraisal and development wells, besides injected 18 new wells in its production gathering system during the last fiscal year. “The company also added approximately 1,337,395 barrels crude oil and 9,348 mmcf gas in its pool,” official sources told. The wells including Qadirpur HRL-II, Kunnar-II, Rajian-9, Nashpa-6 & 7, Unnar-1, Thora Deep- 1 & 2, Pasakhi West Deep-I, Pasakhi East-I, TAY-2, 3 & 4, Dars-I, Dars Deep-I, Dars West-1, 6 Shah-I and Qadirpur-56 have been injected in theRead More
Pakistan, China agreed to enhance ties in the education sector
PARIS, OCT 30 (DNA) – Muhammad Baligh ur Rehman the Federal Minister for National Education and Mr. CHEN Basheng, Minister of Education, China has agreed in principle to increase collaboration between their two Ministers to further strengthen existing ties in the field of education. Both ministers who met on the sidelines of the 39th Session of UNESCO General Conference in Paris today also highlighted the importance of students and faculties exchanges to further consolidate the economic, social and cultural ties between the two countries. The meeting was also attended byRead More
Army to sponsor cyclist Samar Khan set to participate in Tanzania event
Pakistan Army has decided to sponsor cyclist Samar Khan for her participation in the upcoming mountain cycling event in Tanzania. “On [the] special instructions of army chief General Qamar Javed Bajwa, Pakistan Army is financially sponsoring talented young cyclist Samar Khan, [who hails] from Dir, Malakand division in Khyber-Pakhtunkhwa (K-P) P, for her participation in mountain cycling event in Tanzania this November,” the Inter-Services Public Relations (ISPR) said in a statement on Monday. Khan, who has cycled on glaciers in Karakoram range, would now be scaling highest peak Kilimanjaro inRead More
Ch Nisar says PML-N turned into ‘party for self interests’
ISLAMABAD, OCT 30 (DNA) – Ruling Pakistan Muslim League-Nawaz (PML-N) has turned into a party for self interests and it is about time that the senior leadership comes out of the state of confusion, said ex-Interior Minister Chaudhry Nisar Ali Khan. The PML-N stalwart was talking to media on Monday when he criticised his own party yet again. He even took a hit at Prime Minister Shahid Khaqan Abbasi saying he shouldn’t have had mentioned the danger of formation of technocratic government. “PM shouldn’t have brought up technocratic government. ThereRead More