July 14, 2021
LAHORE: The National Transmission and Despatch Company Ltd (NTDC) has secured Rs6.4 billion Financing Facility to evacuate 1,224 MW clean renewable energy generated by wind power plants located at Jhimpir Wind Corridor, a statement said on Tuesday.
The financing facility has been availed from a consortium of banks comprising Habib Bank Limited, National Bank of Pakistan, and BankIslami Pakistan Limited. The financing facility will be utilised for the construction of 220/132 kV substation and 35 km long allied transmission lines for the evacuation of clean energy. Engr Muhammad Ayub, Managing Director NTDC, signed the contract of financing facility with Asad Altaf, GM Corporate Banking Head (Central) HBL, Zia-ud-Din Tahir, Unit Head NBP (Corporate), and Amir Ashraf, Head Corporate (Central) BankIslami during a ceremony held here at WAPDA House.
KSE-100: Directionless trade weighs on stocks; index dips 116 points Market capital decreases by Rs 21bn
July 13, 2021
Directionlessness played on the market sentiments on Monday, as the KSE-100 index kicked off the first trading session of the week on a bearish note, with contracting market volumes.
The index clocked at 47,447 level after posting 116 points loss, as it traded in a range of 306.76 points or 0.64 percent of previous close, showing an intraday high of 47,715.28 and a low of 47,408.52.
The market witnessed choppy behavior, owing to a surge in Covid positivity ratio as it crossed 3.9% which risks a fresh round of lockdown being imposed by the government. Moreover,rising uncertainty in the Afghanistan region where the Taliban claim to control 85% of the territory which also took a toll on investors’ sentiment.
July 8, 2021
ISLAMABAD: While affirming commitment to Pakistan, Chinese Foreign Minister and State Counselor Wang Yi has said China will always stand firmly with Pakistan no matter how the world changes.
Chinese Foreign Minister Wang Yi, through a video link, was addressing a conference titled “Pakistan-China At 70: A Unique Bilateral Partnership” arranged by the Pakistan-China Institute (PCI) in commemoration of 70 years of Pakistan-China relations. Foreign Minister Shah Mahmood Qureshi has also addressed the conference.
The conference brought together China and Pakistan’s key government officials, academicians, journalists, students and civil society members under one roof. The conference featured 24 esteemed panelists from Pakistan and China, who talked with one voice about the importance of upholding Pakistan-China all-weather strategic partnership.
China-Pakistan B2B cooperation platform to be launched--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
KSE-100: Covid concerns, forward inflation risk keeps Investors on sidelines; index dips 82 points
July 7, 2021
Bears continued to rule at the KSE-100 index for the third consecutive session as investors remained on the sidelines- treading cautiously amid resurging Covid -19 cases in the country and rising concerns over forward Inflation.
On Tuesday, the trading activity resumed on a positive note, as the Index traded in the range of 417.75 points or 0.88 percent of previous close, showing an intraday high of 47,662.68 and a low of 47,244.93. The index clocked at 47,346 level by the closing bell after posting an 82 points loss. During the day, the National Command and Operation Centre (NCOC) held a meeting and indicated towards re-imposition of stringent standard operating procedures in view of a consistent uptrend in Covid-19 cases over the past one week. This report, in particular, coupled with higher international oil prices which weighed on inflation expectations, played on in