Siraj Teli urges Business & Industrial community to protest against GIDC Bill 2015, anti-business policies

A dinner reception hosted by the Karachi Chamber of Commerce and Industry (KCCI) and the Businessmen Group (BMG) to mark 18 years of Public Service of Businessmen Group from KCCI’s platform at PAF Convention Center recently.

 

Chairman Businessmen Group (BMG) and Former President of the Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli, while strongly criticizing the passage of Gas Infrastructure Development Cess (GIDC) Bill 2015 by the Parliaments, urged the business and industrial community of Karachi, particularly the textile sector, to lodge protest against this anti-business move of the government.

Read the rest

KE: Operation Burq Continues with Positive Results

Operation Burq, KE’s campaign against defaulters and thieves continued with some positive results as some residential and commercial thieves were targeted. KE’s team with the help of FIA, Sind Police and Pakistan Rangers raided almost 80 different spots today which included North Karachi, Nazimabad, Defence, Gulshan, Surjani, Korangi, Clifton, Bahadurabad, Lyari, Baldia, Gadap, ShahFaisal, Malir and Johar, says a statement.

Read the rest

Sachal Energy gets `financing of US $107 million for Wind Power Project

420

Sachal Energy Development (Pvt) Limited, a wholly owned subsidiary of Arif Habib Corporation Limited has announced that they have been sanctioned financing of US $107 million from Industrial and Commercial Bank of China (ICBC) World’s Largest Bank.

It may be mentioned here that Sachal Energy has signed a financing agreement with Industrial and Commercial Bank of China (ICBC) for Sachal Wind Power Plant.

Read the rest

APCNGA expresses reservations over GIDC Act

The All Pakistan CNG Association (APCNGA) has expressed serious reservations over GIDC Act terming it discriminatory. The Act will not treat different gas consuming sectors on equitable basis while recovery of GIDC of the past years and mark up is illegal, said Ghiyas Abdullah Paracha, Chairman Supreme Council APCNGA.

Read the rest

PM inaugurates 100MW solar power plant

Prime Minister Muhammad Nawaz Sharif addressing at the inauguration of 100 MW Solar Power Plant at Quaid-e-Azam Solar Park, Bahawalpur on May 5, 2015.

Prime Minister Muhammad Nawaz Sharif addressing at the inauguration of 100 MW Solar Power Plant at Quaid-e-Azam Solar Park, Bahawalpur on May 5, 2015.

Pakistan’s Prime Minister Mian Muhammad Nawaz Sharif has inaugurated the first unit of the Quaid-i-Azam Solar Power Park (QASP) Bahawalpur on May 6, 2015.

Read the rest