Pakistan Economy Thread

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ISLAMABAD:
Solar-wind hybrid means integration of solar and wind energy production by installing both solar and wind power plants at one piece of land or at nearby plots utilising common transmission facilities.

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ISLAMABAD:
Pakistan haphazardly cleared on Thursday the Mainline-I project of the China-Pakistan Economic Corridor (CPEC) at an initial price tag of $3.4 billion, as ambiguity remains over financing, scope and exact cost of the ‘strategic project’.

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revenue increased by 7% in first quarter of 2018

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Pakistan, Somalia ink $10.5m accord for ID system...

ISLAMABAD - Prime Minister Shahid Khaqan Abbasi Wednesday witnessed the signing ceremony of an agreement between Islamic Republic of Pakistan and the Federal Republic of Somalia for a grant of $10.500 million and provision of technical assistance for the development of Somalia’s National Identification System.

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LAHORE:
Joylong Pakistan, a subsidiary of Jiangsu Joylong Automobile Co Ltd, has announced that it will provide light commercial vehicles to Pakistan’s dilapidated transportation sector by importing completely built units (CBUs) from China.

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KARACHI: In an effort to boost exports to Canada, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has planned to host the fourth edition of the Pakistan Trade Expo 2018 in Toronto in October this year.

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KARACHI: Engro Energy has planned to invest $21.4 million by way of subscription of ordinary shares in Siddiqsons Energy Limited, a Special Purpose Vehicle (SPV), to set up 330MW Thar coal-fired power generation facility.

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Alibaba buys Rocket Internet's Pakistan ecommerce platform Daraz..

FRANKFURT (Reuters) - Alibaba Group (

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) has bought the entire share capital of Rocket Internet’s (

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) South Asian ecommerce platform Daraz Group, Rocket Internet said on Tuesday.

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ISLAMABAD: Furniture manufacturers of Guangzhou, which is also known as Canton, the most populous city of the province of Guangdong in southern China, have expressed interest in establishing furniture manufacturing units through joint ventures in Pakistan.

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ISLAMABAD: Pakistan has proposed 5% tax on digital revenues, hitting US tech giants like Google, Amazon and Facebook, while also moving to bring offshore-controlled companies in its tax ambit in an apparent attempt to tax Chinese earnings from the country.

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