Pakistan has embarked on a major joint venture with China’s Baotou Beifang Chuanghe Co., Ltd. to manufacture freight wagons locally, a move expected to transform the country’s rail freight capacity and reduce import dependence. In Lahore, 115 flatbeds are currently being assembled in complete form (CKD), with plans to be completed by April 2025. This … Read more
Cherat Packaging Limited has successfully completed the sale of its IV paper bag production line, generating proceeds of $638,000, according to a PSX filing. This comes after the Board of Directors approved the deal announced on August 22, 2024. With the conclusion of sales of its paper bag production line, Cherat Packaging said it remains … Read more
Japan’s Kyodo News Agency said on Saturday that Honda and Nissan are considering producing cars at each other’s factories as part of their plan to deepen relations and possible merger. The report said that Honda would consider supplying hybrid cars to Nissan as part of the plan, without mentioning the source of the information. The … Read more
Oil and Gas Development Corporation Limited (OGDCL) announced on Thursday that the Kunar West 3 well in Sindh has successfully commenced production at a wellhead flow pressure (WHFP) of 1,200 psi with a choke size of 32/64”. According to a filing with the Pakistan Stock Exchange (PSX), the West Kunar field is part of the … Read more
The Czech Republic, the location of Robert Eggers’ film “Nosferatu,” starring Bill Skarsgård, Willem Dafoe and Lily-Rose Depp, has given a major boost to its production incentives. An amendment to the country’s audiovisual law raised the incentive for live action projects from 20% to 25%. Added to this is a 35% incentive for digital production … Read more
Islamabad: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully revived a heavy oil well in Rajyan Oil Field in Gujjar Khan, Chakwal District, Punjab. This strategic step led to an increase in the field’s cumulative production by 67%, from 1,500 barrels per day to 2,500 barrels per day. … Read more
Once again in June 2019, Ji Gi Abrams concluded a huge comprehensive deal that would keep him in the fold of Warner Brosers, his home studio since 2006. The five -year agreement, which amounted to $ 500 million at the time, had a unique structure that allowed Aprams to benefit from a large group of … Read more
Islamabad: The Board of Investment (BOI) has asked the Ministry of Science and Technology (MoST) and Pakistan Standards and Quality Control Authority (PSQCA) to take immediate measures to curb the production and sale of substandard steel in the country. This directive is in response to concerns raised by the Pakistan Association of Large Steel Producers … Read more
Focus, the end-of-year meeting place for the international production community, returns December 10-11 in London. The 10th edition remains free to attend for industry professionals and brings together thousands of attendees across film, TV, advertising, animation, gaming and XR. “Last year was our biggest event by a wide margin,” says Jean-Frederic Garcia, Managing Director of … Read more
Cherat Packaging Limited has completed the sale of its paper bag production line (Line 3), receiving proceeds of €440,000 from the buyer. The announcement was made in accordance with regulatory requirements and was disclosed to the Pakistan Stock Exchange (PSX) on Thursday. “We are pleased to announce that Cherat Packaging Limited (the “Company”) has successfully … Read more