KARACHI: A new plant of International Steels Limited (ISL) has started functioning, increasing the mill’s cold-rolling capacity to 1 million tons per annum. The addition has enabled the company to keep its position as Pakistan’s largest producer of cold-rolled products. It has invested Rs5.6 billion in the expansion phase. According to Pak-Kuwait Investment Company AVP…
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Food group imports into the country during the month of May 2018 decreased by 10.41 per cent as compared the corresponding month of last year and reached US$ 498.878 million as compared the import of US$ 556.830 million. ISLAMABAD, (UrduPoint / Pakistan Point News – 25th Jun 2018 ) Food group imports into the country…
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AS officials and traders rejoice in the rice crop’s success, rice production and its exports —which stand second only to cotton exports — are already in jeopardy. Reports of genetically modified rice seed invading the market, and thus affecting production, have generated fears in the industry regarding exports. According to the Rice Exporters Association of…
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Having split with Hyundai in 2008, Yousuf Dewan Companies, a prominent Pakistani business house, entered into a joint venture with the Kolao Group in April 2016 to produce a newer version of Shehzore truck in Pakistan In an era of globalisation, where a company is from, and what country its brand name should be associated…
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ISLAMABAD: An increase of 29.15 per cent in rice exports was registered during 11 months of the current fiscal year as about 3.842 million metric tons of rice worth $1.889 billion was reported to have been exported during this period. According to the data of the Pakistan Bureau of Statistics (PBS), the export of rice…
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Wheat exports swelled to 1.120 million tonnes in July-May 2017-18 as against just 3,937 tonnes in the same period last year. Market players are hopeful that the target of 1.4m tonnes by sea route will be achieved by end of this fiscal year. Export earnings from wheat in the first 11 months of FY18 surged…
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With LNG replacing furnace oil in power plants, Pakistan is anticipating savings of around $2 billion annually through more efficient power generation at 62% efficiency, at a lower tariff of Rs7-8 per kilowatt-hour. ISLAMABAD: Liquefied natural gas (LNG) imports have been called a game changer for Pakistan’s economy and plans are underway to make more long-term…
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ISLAMABAD: The export of leather goods from Pakistan increased by 7.99 per cent during first 11 months of the fiscal year 2017-18 compared to same period of last year. The exports during the period under review rose to $478.85 million in July-May (2017-18) as compared to the exports worth of $443.43 million in the same…
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KARACHI: The auto industry is transforming at unparalleled speeds and is converting technology from fossil-fuel based vehicles to electric motor engines to protect the world from pollution, enable sustainable eco-friendly technology, and enhance vehicle productivity. A number of Chinese automakers such as Haohong Motors, Weifang Shandong Electric Power Technology Co Ltd., Shanghai Shenlong Bus Co…
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BRUSSELS: The European Commission is examining whether to extend measures to control imports of solar panels from China, a move that could fuel tensions with Beijing which had welcomed plans to phase them out in September. The Commission is studying a request from at least one EU solar panel producer to open an “expiry review”,…
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