companies

Chinese companies bring advanced solar technology and expertise to Pakistan: Report – Trendy Blogger

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Chinese companies bring advanced solar technology and expertise to Pakistan: Report – Trendy Blogger

IslamabadAs 2024 draws to a close, China and Pakistan continue to strengthen the successful partnership aimed at enhancing Pakistan’s renewable energy capacity. The two countries are cooperating on several solar projects, primarily under the China-Pakistan Economic Corridor (CPEC). Over the past year, China and Pakistan have strengthened public-private cooperation to finance and develop renewable energy … Read more

Government finalizes ‘take-and-pay’ deals with 14 independent power plants that rely on furnace oil, talks continue with other companies – Trendy Blogger

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Government finalizes ‘take-and-pay’ deals with 14 independent power plants that rely on furnace oil, talks continue with other companies – Trendy Blogger

The Government has completed negotiations with 14 furnace oil-based independent power producers (IPPs) under a “take-and-pay” agreement, with discussions continuing with other IPPs. According to a news report, Prime Minister Shehbaz Sharif announced the gradual closure of old power plants to reduce electricity costs and promote energy efficiency. This step comes within the framework of … Read more

The government is developing economic zones for Chinese companies – Trendy Blogger

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The government is developing economic zones for Chinese companies – Trendy Blogger

The Sindh government is developing two special economic zones in Karachi to facilitate Chinese investors setting up various industries in collaboration with local businessmen. This was stated by Syed Nasir Hussain Shah, Minister of Energy, Regional Planning and Development, on Saturday. Speaking as the chief guest on Saturday at the 10th International Beauty, Fitness and … Read more

The UAE applies a minimum tax of 15% on multinational companies starting in January – Trendy Blogger

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The UAE applies a minimum tax of 15% on multinational companies starting in January – Trendy Blogger

The UAE Ministry of Finance said on Monday that the United Arab Emirates will impose a minimum additional tax of 15% on large multinational companies operating in the country starting from January, as the government seeks to boost non-oil revenues. The DMTT is part of the OECD’s global minimum corporate tax agreement signed by 136 … Read more

Chinese companies are looking to set up a lithium battery plant in Punjab and waste-to-energy projects – Trendy Blogger

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Chinese companies are looking to set up a lithium battery plant in Punjab and waste-to-energy projects – Trendy Blogger

A leading Chinese lithium battery manufacturer has expressed interest in establishing an assembly and manufacturing plant in Punjab. The announcement came during a meeting between a Chinese delegation led by Eenovance CEO Shi Yukun and Punjab Industries Minister Chaudhry Shafie Hussain. Shi Yukun has requested eight acres of land at Quaid-e-Azam Business Park in Sheikhupura … Read more

Pakistani public sector companies make net profits of Rs 102 billion – Trendy Blogger

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Pakistani public sector companies make net profits of Rs 102 billion – Trendy Blogger

Pakistani public sector companies made net profits of Rs102 billion during the first half of the last fiscal year 2023-24, despite continuing losses from power distribution companies and Pakistan International Airlines (PIA). The Ministerial Committee on State-Owned Enterprises, headed by Finance Minister Muhammad Aurangzeb, approved the semi-annual report for the period July-December 2023, which shows … Read more

Hefty fines loom for big tech companies under Australian law – Trendy Blogger

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Hefty fines loom for big tech companies under Australian law – Trendy Blogger

Australia has proposed a landmark law to impose fines of up to A$50 million on global technology giants for anti-competitive practices, sparking a heated debate about the future of the digital market. “This is about leveling the playing field,” Assistant Treasurer Stephen Jones said, addressing attendees at the McKell Institute. “The digital economy challenges our … Read more

Iranian transport companies are required to provide bank guarantees for transshipment from Taftan to NLC dry port in Quetta – Trendy Blogger

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Iranian transport companies are required to provide bank guarantees for transshipment from Taftan to NLC dry port in Quetta – Trendy Blogger

Iranian transport operators are now required to provide bank guarantees to Pakistani customs authorities for goods shipped via Iranian transport companies from Taftan border to NLC dry port in Quetta. The Federal Board of Revenue (FBR) introduced this change through the amendment to the Customs Rules 2001 through SRO.1913(I)/2024. Under the updated rules, Iranian transport … Read more

The government is asking fertilizer companies to reduce DAP by Rs 3,000 – Trendy Blogger

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The government is asking fertilizer companies to reduce DAP by Rs 3,000 – Trendy Blogger

Islamabad: The government has urged fertilizer manufacturers to reduce the price of diammonium phosphate (DAP) by Rs 3,000 per bag to ease financial pressure on farmers facing rising inflation and escalating input costs. The request was made during a meeting of the Fertilizer Review Committee chaired by Federal Minister for Industry, Production and National Food … Read more

What are the main challenges hindering the operations of Chinese companies in Pakistan? – Trendy Blogger

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What are the main challenges hindering the operations of Chinese companies in Pakistan? – Trendy Blogger

A Chinese employee inspects a circuit board on a console production line at a factory in Wuhan, Hubei Province, China on August 16, 2021. — Reuters CCCPK develops a “Business Climate Index for Chinese Enterprises”. The security issue has been identified as the main barrier to corporate growth. The survey reveals a spirit of resilience … Read more