Industries – BOL News Staging

Caretaker Commerce Minister announces to reopen industries

August 30, 2023 by Abid Khan

Gohar Ejaz met with delegation PTEA Islamabad.
Gohar Ejaz said closed industries will be reopen in month.
He said target of $25b has been set for textile exports for this year.

ISLAMABAD: Caretaker Federal Minister of Commerce Gohar Ejaz announced to reopening of closed industries across the country in 30 days and asked for a list of all inactive industries in the country.

During a meeting with the delegation of Pakistan Textile Exporters Association in Islamabad, Gohar Ejaz said that all closed industries in the country will be restored with a deadline of one month.

He said that a target of 25 billion dollars has been set for textile exports for this year.

The caretaker Federal Commerce Minister said that the challenges related to gas, electricity, energy, and distribution of funds will be effectively resolved while industries closed due to various reasons will be reopened by September 30.

Gohar Ejaz said that he will personally discuss with all the stakeholders including the industrialists in this regard.

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Pret A Manger, a British sandwich chain, will open in India

July 2, 2022 by Maryam nadeem

A unit of Mukesh Ambani’s Reliance Industries will run the chain under a franchise agreement. The first outlet is expected to open early next year in Mumbai. It marks the first venture by Reliance Brands into the country’s growing food and drinks industry. A firm possessed by Asia’s most extravagant individual has figured out an … Read more

India’s market regulator fines Reliance Industries

June 21, 2022 by Abdul Hadi

Facebook invested $5.7 billion in Reliance’s Jio Platforms in April 2020. Transaction aided Mukesh Ambani’s Reliance Industries in reducing its massive debt load. SEBI fined Reliance and the two compliance officers 3 million Indian rupees ($38,522). The Indian market regulator fined Reliance Industries and two of its compliance officers on Monday for failing to follow … Read more

Hard tech players now adored by more investors

January 30, 2022 by Muhammad Zubair

BEIJING: Chinese investors are pivoting to new opportunities in hard technologies with venture capital investments in related areas hitting a new high, which experts believe will help replicate the success of the consumer internet in new growth. Hard tech, which is also known as deep tech, is the term coined for areas that rely heavily … Read more

Industries facing huge losses due to gas supply shortage

January 3, 2022 by Muhammad Zubair

KARACHI: The Small and Medium Enterprises (SMEs) industries are in turmoil as the gas supply situation is worsening, resulting in production loss, an official said on Monday. The Union of Small and Medium Enterprises (Unisame) president Zulfikar Thaver invited the attention of the government to the worsening of the gas supply situation to the industries, … Read more

More industrial units moving away from grid power

December 30, 2021 by Muhammad Zubair

KARACHI: The rapid growth of solar and wind power offering exponential cost reduction has compelled the industries and businesses to modify their energy consumption mix, as more and more industrial units are opting for distributed power generation to ensure reliability and cost savings. Bulleh Shah Packaging has awarded the 1.82MW grid-tie solar power project to … Read more

Punjab ready to act as base for manufacturing industries

December 21, 2021 by Web Desk

LAHORE: Punjab is ready to act as the forward manufacturing base for industries of China and other countries, an official said on Tuesday. The provincial Minister for Industries and Commerce Mian Aslam Iqbal said that there was a need of focusing on industrial cooperation, increasing agriculture production, value-addition, and business connectivity in all sectors of … Read more

Govt, stakeholders review SME Policy

December 14, 2021 by Muhammad Zubair

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has chaired a meeting to review the proposed Small and Medium Enterprise (SME) Policy, a statement issued by the Finance Ministry said. The Industries and Production secretary briefed the meeting on the proposed SME Policy and the concerns of stakeholders. The concerns were … Read more

Sindh minister directs uninterrupted water supply to industries

December 1, 2021 by Gohar Ali Khan

municipality minister of Sindh Nasir Shah

KARACHI: Sindh Local Government Minister Syed Nasir Hussain Shah has issued directives to the Water Board managing director to provide uninterrupted water supply to industries in North Karachi Industrial Area and said that the promotion of industries and productive activities is the top priority of the PPP government so that maximum employment opportunities can be … Read more

Pakistan’s labour laws to be updated: official

November 30, 2021 by Muhammad Zubair

LAHORE: Pakistan’s labour laws would be updated for safeguarding the interests of the labourers and employers, a government official said. Speaking at a consultative workshop of labourers, industrialists and the government on labour laws at a local hotel, provincial Minister for Industries and Trade Mian Aslam Iqbal said that the labour laws would be updated … Read more

FPCCI slams suspension of gas supply to industries

November 23, 2021 by Muhammad Zubair

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has criticised the decision of the government to suspend gas supply to non-export industries. FPCCI president Mian Nasser Hyatt Maggo expressed concern and disappointment on the government’s decision to suspend gas supply to non-export-oriented industries; which will result in the losses of billions of … Read more

OGRA increased gas prices for industries

October 26, 2020 by Muhammad Usman

The Oil and Gas Regulatory Authority (OGRA) increased the prices of gas for the industries. However, the new prices are not for domestic consumers. According to the notification issued by OGRA, For the CNG sector, the price of gas has been increased by up to Rs88 per MMBTU. For Punjab and Khyber Pakthunkhwa, the hike … Read more

Istanbul ranks in top 20 on list of world’s 100 best “emerging ecosystems”

June 26, 2020 by Atta Ur Rehman Khan

The Turkish minister of technology and industry announced on Thursday (Jun 26) that the capital of Turkey ranks in the top 20 on a list of the world’s 100 best “emerging ecosystems”. According to the details, the metropolis of Istanbul ranks in the top 20 on a list of the world’s 100 best “emerging ecosystems” … Read more

CM Sindh directs to devise SOP’s for resuming Factories

April 6, 2020April 6, 2020 by Web Desk

Chief Minister Syed Murad Ali has issued directives to devise standard operating procedures (SOPs) to allow export-oriented industries and other businesses to resume functioning from April 14. CM Sindh directed the labour, industries, and health departments, as well as the law enforcement agencies to work out SOPs based on the opinion of health experts and … Read more

Chief Secretary Punjab takes serious action over flour issue

January 24, 2020January 19, 2020 by Atta Ur Rehman Khan

Chief Secretary Punjab Major (r) Azam Suleman Khan has directed all commissioners and deputy commissioners to keep close coordination with departments of food and industries to avoid artificial shortage of flour and ensure its sale at the price fixed by the government. He issued these directions while addressing a meeting of all commissioners and deputy … Read more

Rise in inflation causes shoot up of timber, coal by 25%

November 24, 2019 by Web Desk

With the increase in cold temperatures in Multan, the load shedding of gas has increased which has resulted in shoot up of timber and coal by 25% by the toll owners. According to the details, load-shedding in various areas is on rise, causing domestic consumers to buy firewood for burning stoves and commercial consumer industries. … Read more

China would establish 300MW power plant in Gwadar: Ambassador

October 5, 2019October 4, 2019 by Arhama Altaf

Chinese ambassador to Pakistan Yao Jing on Friday announced that China will establish factories in Gwadar in next phase of the multibillion dollars China-Pakistan Economic Corridor (CPEC) project. Addressing a session on CPEC under Council on Foreign Relation, Yao Jing said that Beijing was waiting for Pakistan’s free zones policy and added that under the … Read more

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