sector
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FO official urges US energy sector to create joint ventures with Pakistani companies
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[ad_1] Muhammad Mudassir Tipu — Twitter ISLAMABAD: Ministry of Foreign Affairs Director General (Americas) Muhammad Mudassir Tipu Wednesday spoke at an international virtual conference titled “Pakistan-US Ties: The Way Forward” hosted by the Quaid-e-Azam University. The conference shed light on the significance of Pakistan-US relations and the milestone in celebrating 75 years of diplomatic relations.…
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Germany to provide more assistance for social sector | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Germany are longstanding development partners and since 1961 the European nation has provided €3.8 billion as technical and financial assistance for socio-economic development, said Minister for Economic Affairs Omar Ayub. In a meeting with German Ministry for Economic Cooperation and Development State Secretary Jochen Flasbarth on Monday, he said that German…
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Steel sector joint venture set to restart production | The Express Tribune
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[ad_1] ISLAMABAD: A joint venture firm in Pakistan’s steel sector is prepared to resume production after overcoming initial difficulties. Alhaj Steel is the largest private sector joint venture in the steel industry and the ownership is shared between HEBEI Xingang Iron and Steel Group of China and Alhaj Group of Pakistan. The joint venture has…
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Argentina offers support in agri sector | The Express Tribune
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[ad_1] FAISALABAD: Argentinian Ambassador to Pakistan Leopoldo Francisco Sahores has stated that his country was eager to collaborate with Pakistan to enhance cotton production. Addressing the business community at the Faisalabad Chamber of Commerce and Industry (FCCI) on Friday, he said that the two nations were agrarian in nature and their futures were directly linked…
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European Union plans boost for chip sector | The Express Tribune
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[ad_1] BRUSSELS: The European Commission will ease funding rules for innovative semiconductor plants under plans announced on Tuesday as the European Union looks to boost its chip industry and cut its dependence on US and Asian supply. The Commission’s action comes as a global chip shortage and supply chain bottlenecks have created havoc for car…
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Chinese firms introduce new tech in power sector | The Express Tribune
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[ad_1] ISLAMABAD: Massive energy projects, executed by Chinese firms in Pakistan, not only ended power outages in the country but also introduced the most advanced technologies in the power sector. These include the underground hydropower projects as well as the ultra-critical coal-fired power plants. In 2018, China Gezhouba Group Corp (CGGC) completed the construction of…
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PM’s China trip to draw investment in power sector | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan’s upcoming visit to China is likely to help enhance investment in the power sector, revive Pakistan Steel Mills (PSM) and accelerate the relocation of industries to the Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC). The primary aim of the visit is to seek $3 billion in…
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Lam Research notes fresh supply-chain issues, hurting stock and casting pall over chip-equipment sector
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[ad_1] Lam Research Corp. shares sank 6% in late trading Wednesday after the chip-equipment supplier reported worse-than-expected fiscal second-quarter revenue and third-quarter guidance, which the chief executive attributed to “supply-chain conditions.” Lam Research LRCX, +1.43% reported second-quarter net income of $1.2 billion, or $8.44 a share, compared with $869.2 million, or $5.96 a share, in…
