Hyundai To Set Up Auto Manufacturing Plant In Pakistan

Hyundai to Set Up Auto Manufacturing Plant in Pakistan as  China Pakistan Economic Corridor CPEC continues to gain momentum. South Korean Auto brand, Hyundai, and Al-Haj group have joined hands to introduce heavy commercial vehicles (HCV) in Pakistan. With an expected investment of around Rs. 4

NEC Approves Rs2.5 Trillion National Development Budget

ISLAMABAD, May 19 (APP): The National Economic Council (NEC) on Friday approved country’s consolidated development budget of Rs2.5 trillion for the upcoming financial year (2017-18), showing highest-ever increase in the overall national outlay. This included Rs 1001 billion Federal Public Sector Development Programme (PSDP), Rs1112

BOI To Hold Road Shows For Increasing Foreign Investment In Country: BOI

ISLAMABAD, May 8 (APP):The Board of Investment (BOI) on Monday said the government would hold road shows in China ,Singapore and Gulf countries in coming few months aiming at increasing Pakistan’s Foreign Direct Investment. Under its new work plan,BIO would hold road shows in collaboration

China’S First Domestically Produced Passenger Jet Makes Maiden Flight

BEIJING (China) May 5 (APP): China’s first domestically produced single-aisle passenger jet, the C919, successfully made its maiden flight on Friday. After 79 minutes of flying, the C919 landed safely at Shanghai Pudong International Airport, according to official media reports here. With a flying experience

Pakistan’S First Coal, Cement Terminal Begins Operation

KARACHI: Pakistan International Bulk Terminal (PIBT) – the country’s first coal and cement handling facility – started commercial operations at Port Qasim this week with the handling of a cargo vessel that brought 41,000 tons of coal, according to a statement issued on Wednesday. “Motor vessel

Telenor Expects Continuous Broadband Growth In Pakistan

OSLO: Earnings margins in Telenor’s extensive Asian operations have been lifted by the ongoing growth in mobile broadband usage in the region, Chief Executive Sigve Brekke said during the company’s first-quarter earnings presentation on Thursday. “The data growth is giving us a better margin than voice

Rs112M Tax Exemption For Olmt Affected People

LAHORE: The Punjab government has granted an overall tax exemption of Rs112.9 million to people affected by the Lahore Orange Line Metro Train (OLMT) project. Provincial tax authorities, on the orders Punjab Chief Minister Muhammad Shehbaz Sharif, granted the exemption 2,673 persons whose businesses were affected

Made-In-China Passenger Jet Set To Take Wing

SHANGHAI: China is expected this week to conduct the maiden test flight of a home-grown passenger jet built to meet soaring domestic travel demand and challenge the dominance of Boeing and Airbus. The C919, built by state-owned aerospace manufacturer Commercial Aircraft Corporation of China (COMAC), was

Marriyum Inaugurates China Culture Centre At PNCA

ISLAMABAD, April 25 (APP): Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb said on Tuesday the China Cultural Centre was one of the dividends of China-Pakistan exemplary friendship. Addressing the inauguration ceremony of the centre here at Pakistan National Council of Arts