RIYADH: Saudi industrial production expanded by an annual rate of 7.7 per cent in October to reach its highest level since April 2020, Arab News quoted data published by Gastat, as showing. Jumps in the output of the mining and quarrying sector were mainly responsible for the expansion as it went up by 9.1 per … Read more
ISLAMABAD: The Fertiliser Review Committee has reviewed the supply, stock position and production targets of urea in the current month for sowing season. To supervise the urea supplies, amid Rabi season, Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar along with Federal Minister for Food Security and Research Syed Fakhar Imam held a meeting … Read more
BERLIN: German industrial production rose in October after two months of declines, offering a glimpse of light after a series of gloomy economic indicators over raw material shortages that have fuelled rising prices. Germany’s industry produced 2.8 per cent more compared to a month ago, data published by the federal statistics office Destatis showed on Tuesday. … Read more
ISLAMABAD: Mari Petroleum Company Limited (MPCL) has announced commencement of 10mmscfd natural gas production, with effect from December 1, 2021, from Hilal-1 and Iqbal-1 discoveries in Mari Gas Field to Pak Arab Fertilizers Limited (PFL). According to a statement issued by the company, both the discoveries were made in May and August 2020, respectively. In … Read more
ISLAMABAD: Minister for National Food Security and Research Syed Fakhar Imam has stressed the need to increase awareness about safe and nutritious food, and encourage the stakeholders to produce more nutritious food sustainably, and manage food waste. He was speaking as the chief guest at an event in connection with the World Food Day, jointly … Read more
MEXICO CITY: Mexico’s President Andres Manuel Lopez Obrador said Friday he has proposed lawmakers pass a law to make lithium exploration and production the exclusive right of the state. The measure is part of proposed reforms regarding the electricity industry that his administration submitted to Congress on Thursday, which aim to strengthen the state-owned Federal … Read more
ISLAMABAD: Pakistan has surpassed the manufacturing of local mobile phones, compared with the imported ones, as during January to July 2021, the local production stood at 12.27 million, while the country imported 8.29 million mobile phones, the data released by the national telecom authority revealed on Thursday. This trend reflects a positive uptake on the … Read more
Vivo, a Chinese mobile manufacturing company, has set up a production plant in Pakistan. Abdul Razaq Dawood, in a series of tweets, congratulated Vivo, mentioning that this development will not only create job opportunities but also make smartphones more accessible to people across the country at lower costs. “I congratulate Vivo Pakistan Mobile on setting … Read more
BEIJING: The production of Pakistani honey has the potential to rise 10 times, a report released by the China-Pakistan Agricultural and Industrial Information Cooperation Platform (CAPIC) noted. In Pakistan, the honey industry has a favourable reputation and huge potential in making people’s life sweeter. Endowed with rich bee species and flower plants, Pakistan can and … Read more
ISLAMABAD: Huawei Pakistan organised the Pakistan Power ICT Summit with the aim to digitalise the power sector in Pakistan with modern practices and solutions that are used globally, a statement said on Monday. Tariq Mahmood, CIO of the National Transmission and Dispatch Company (NTDC), Aamer Rashid, additional director general, Muhammad Farooq Shaukat, director general of … Read more
ISLAMABAD: The proposed Auto Industry Development and Export Policy (AIDEP) aims at expansion of the auto industry in Pakistan by increasing the production of cars, motorcycles, tractors, etc, a senior government official said on Thursday. Presiding over the meeting to review the draft Auto Industry Development and Export Policy 2021/26, Federal Minister for Finance and … Read more
UNITED NATIONS: Inefficient global food production is at the root of a huge rise in hunger, as well as one-thirds of all emissions and 80 per cent of biodiversity loss, UN Secretary-General Antonio Guterres has warned, in a call to all countries to transform food systems to speed up sustainable development. Up to 811 million … Read more
BEIJING: Pakistan has reformed to simplify the process of starting a company and obtaining a construction permit, implementing a series of preferential policies in recent years. These measures improved its ability to attract foreign investment and strengthened the ease of doing business year-by-year, making Pakistan one of the world’s top 10 economies with the most … Read more
Intel Corp is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion, the Wall Street Journal reported as saying on Thursday. According to the report talks come as a semiconductor shortage is hobbling industries around the globe. A deal could help Intel ramp up production of chips at a time demand is at … Read more
ISLAMABAD: The Large-Scale Manufacturing (LSM) production grew 36.84 per cent on a year-on-year basis during the month of May 2021, compared with the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported on Wednesday. The LSM Quantum Index Number (QIM) was recorded at 139.55 points during May 2021 against 101.98 points … Read more
The simple story is that before the pandemic, semiconductor makers were stressed in their ability to deliver car chips for a variety of factors, including Intel production issues and U.S. restrictions on Chinese manufacturers’ sales. When the pandemic struck, the auto industry braced for a downturn and reduced orders to suppliers. That turned out to … Read more
KARACHI: The Federal Board of Revenue (FBR) has implemented electronic monitoring of sugar production to prevent revenue leakages, sources said on Tuesday. The track and trace system for sugar products has been implemented from July 1, 2021 for the monitoring of production lines, a senior official of the revenue board said. Through a notification on … Read more
ISLAMABAD: The coronavirus pandemic had restricted the movement of investors, especially from China but it would pick pace once the Covid-19 subsided, a senior government official said. Addressing a conference, organised by the Pakistan-China Institute, Adviser to the Prime Minister on Commerce Razak Dawood said: “More Chinese investors will visit Pakistan to explore the existing … Read more
Arms sales has risen up by five percent worldwide in 2018 in a market dominated by the United States, according to a new report published by Stockholm International Peace Research Institute (SIPRI) on Monday. The turnover of the 100 biggest arms manufacturers came to $420 billion, the report said. United States (US) manufacturers alone accounted … Read more
The successful implementation of the new mobile phone registration system, introduced by the Pakistan Telecommunication Authority (PTA), has resulted in a significant increase in commercial imports of mobile phones. According to statistics available with the media, commercial import of mobile phones has increased by 110 per cent in one year. In the year 2018, 9,564,424 … Read more
Iran has announced a tenfold increase in the production of enriched uranium. After that, it has moved several steps backward from the nuclear deal that was made between Iran and the U.S. in 2015. The head of Iran’s atomic energy organization, Ali Akbar Salehi has informed that Iran has also prepared two new advanced centrifuges. … Read more
