Email. Business & Commerce Technology. TikTok overpowers Google and Facebook with worldwide app downloads. A prospective of Industrial cluster was also been taken into account while visiting a garment factory in Lahore. in Pakistan and export to other countries with an estimated cost of Rs. The Board of Directors of Jahangir Siddiqui & Co. Ltd approved to offer 183,188,477 listed, convertible, redeemable, non-voting, non-participatory, cumulative Class “A” Preference Shares of  Rs10/- each, of the aggregate subscription amount of PKR 1,831,884,770  to the existing Shareholders of the Company. ... UNIDO Pakistan is implementing the Global Environment Facility (GEF), a project titled, “Promoting Sustainable Energy Production and Use from Biomass in Pakistan”. nearly 42% lower than the losses recorded during the same period of last year. For more information, please contact: Alois Mhlanga UNIDO Industrial Development Officer email Earlier on her welcoming note, Ms. Nadia Aftab, UNIDO Country Representative described the vision of UNIDO and activities of UNIDO Pakistan, especially in … KARACHI: UNIDO-GEF in collaboration with PTA (S.Z) Environmental Society (ES) held an awareness seminar on Solid Waste Management for Korangi Leather Area. Speaking on the occasion, Trade Development Authority of Pakistan (TDAP) director expressed his gratitude to the UNIDO for providing invaluable support to the project. US Agency for International Development launched the Pakistan Private Sector Energy Project. Business. UNIDO awards five Pakistani startups for fostering clean technology. A launch workshop was arranged by UNIDO where this program was part of UNIDO 's flag ship project on Energy Efficiency and Renewable Energy called Sustainable Energy Initiative for Industries in Pakistan, a press release said. The draft of the five years Country Program Framework for Pakistan from year 2018 to 2022, highlighting its objectives to promote ISID in line with SDGs and Pakistan Vision 2025 will have a focus on (i) promoting industrial competitiveness and global trade; (ii) promoting resilient industrial infrastructure optimizing the benefit of the SEZs under the framework of CPEC; (iii) promoting green industry development; and (iv) strengthening partnership with local government and DFIs. The project aims at promoting clean energy technology innovations and entrepreneurship in selected SMEs in Pakistan through the Cleantech innovation platform … Setting up the first laboratory of its kind in the region for dioxin testing is another example of Unido’s work in Pakistan, he said. Representative: Mr. SOK Narin Address: Phnom Penh Center, Building A Room #611, 6th floor Samdech Sothearos Blvd Phnom Penh CAMBODIA Email: office.cambodia@unido.org Tel: +855 23 860927; +855 12 757327; HQ: 18172; IP: +43 1 26026 18172; Mobile: +855 12 757327 Websites: UNIDO Website 24 th July 2019, Islamabad: A launch workshop was arranged by United Nations Industrial Development Organization (UNIDO) to mark the beginning of its program on implementation of Energy Management System (EnMS) in Industries.This program, is a part of UNIDO’s flag ship project on Energy Efficiency and Renewable Energy called Sustainable Energy Initiative for Industries in Pakistan. The Board of Directors of Mughal Iron & Steel Industries Limited, in their meeting held on March 10, 2021, considered and approved the increase in the authorized capital of the Company from Rs. 7th Floor, Serena Office Complex, Khayaban-e-Suhrawardy, Sector G-5/1 P.O.Box 1051, Islamabad, Pakistan Fax: (92 51) 2600254-55 Lucky Cement Limited announced that the Greenfield cement production facility in Samawah, Iraq with a capacity of 1.2 million tons per annum has successfully commenced its operations with effect from March 10, 2021. Furthermore, the Executive Committee of the National Economic Council approved twelve development projects worth over 267 billion rupees in various sectors including infrastructure, water and roads. The Federal Board of Revenue (FBR) on Thursday, clarified news circulating on social media about a proposal to withdraw exemption available to income from exports of computer software or IT services or IT-enabled services. The Board of Directors of International Steels Limited (ISL) in its meeting approved a capital expenditure of Rs.1.235 billion for a debottlenecking project to enhance the finishing capacity of Cold Rolled Coils and sheets by 120,000 tons per annum using Temporary Economic Refinance Facility (TERF) and Long Term Financing Facility (LTFF) offered by State Bank of Pakistan. The CP will also consider the features of Programme for Country Partnership (PCP) for economic development, PCP is UNIDO’s innovative model for accelerating inclusive and sustainable industrial development in Member States. ... United Nations Industrial Development Organization บน Facebook. Japan and UNIDO to support Agro-Industry Development in Pakistan. The United Nations Industrial Development Organization (UNIDO) received a US$5,2 million grant from the Government of Japan to support agri-food and agro-industry development in the Pakistani provinces of Khyber Pakhtunkhwa and Balochistan. 3,200 million. UNIDO’s Representative to Pakistan, Esam Alqararah, shared UNIDO’s vision of energy and environment and highlighted UNIDO’s efforts to promote renewable energy and clean technologies in Pakistan. For more information, please see our Comments FAQ, Kareena Kapoor Khan inspired ‘pawri girl’ Dananeer Mobeen, Surprise inclusions and exclusions in Pakistan squads, ECP record shows Mirza Afridi in PML-N fold, Pakistan confident UAE will rollover $1b loan, Punjab tightens Covid-19 restrictions, businesses to close at 6pm from today, Modi’s manipulation of caste-based politics, Economic coup amidst high tension politics, Political parties need serious introspection. Ittehad Chemicals Limited (ICL) successfully achieved the financial close of the LABSA / SLES Plant within the time frame and a Letter of Credit has been established to import the Plant and Machinery. 0. redistributed or derived from. After resisting IMF’s request for more than a year, the Federal government on Tuesday approved “The Income Tax Second Amendment Bill 2021”. The Organisation quickly grew to its current size of 170 members. The GCIP Project Manager from UNIDO Alois Mhlanga also appreciated the achievements of GCIP in Pakistan. United Nations Hub Power Holdings Limited, a wholly-owned subsidiary of The Hub Power Company Limited together with ENI’s local employees (in a 50:50 joint venture) executed definitive agreements to acquire all the upstream operations in Pakistan of Eni and renewable energy assets owned by Eni in Pakistan. The company said it was the … As the only registered business news agency in Pakistan we take pride in the speed and accuracy of our news. Log into Facebook to start sharing and connecting with your friends, family, and people you know. UNIDO is the specialized agency of the UN that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability. Facebook has said it is committed to "advancing equity and racial justice". On Wednesday, the Federal cabinet accorded approval to the draft of the State Bank of Pakistan Amendment Bill 2021. Fifty years ago, the UN General Assembly created the United Nations Industrial Development Organisation (UNIDO). Twitter Share . Meanwhile, the Economic Coordination Committee (ECC) of the Cabinet approved revising OMCs and Dealers Margins on the basis of 85% of the latest average core inflation. According to the report by BMA Capital, the cause of the rapid investor exit was mainly due to concerns about inflation, political uncertainty, PM’s approval on the abolishment of corporate income tax exemptions. “Agriculture ensures food security and a growing agricultural sector boosts the national economy, reduces poverty and improves access to quality and … Trading volumes improved by 12.0% WoW to average at 432Mn shares, similarly, average trading value increased by 6.2% WoW to clock-in at USD.137 million. Unless otherwise stated, all content is Twitter. Headquartered in Vienna, it was organized in 1966 and made a specialized UN a Nadia Aftab, the Country Representative of UNIDO Pakistan also shared the agency’s vision on energy and environment in endorsing clean technologies. The Board of Directors of Ravi Textile Mills Limited, in a meeting considered and resolved in-principle to change the Company's principal line of business to 'Steel and Allied products'. The core objective of the project was to promote market-based adoption of modern biomass energy conversion technologies for power generation in Small and Medium Enterprises … The delegation also paid a field visit to Lahore and had consultation with local government. This material may not be published, broadcast, rewritten, 17.26 billion (LPS: 18.15) for the half-year ended June 30, 2020, i.e. REEE project of UNIDO Pakistan has inception meeting with NSRP to support small and micro enterprises including women own business by providing them with efficient and … Follow us in twitter. The government of Pakistan had expressed interest for strengthening cooperation with United Nations Industrial Development Organization (UNIDO) to promote Inclusive and sustainable Industrial Development in the Country. Hascol Petroleum Limited incurred losses of Rs. With advent in technology, the effect of global warming and climate change is rising fast and scientists think that Earth might turn out … The benchmark index was let down by the performance of the Technology and Communication sector, which snatched around 353 points during the week. Facebook. Company-wise,  the top performers for the week were, AICL (+9.5%WoW), SFL (+3.7% WoW), MUREB (+3.3%WoW),  PAKT (+1.7%WoW), and  UBL (+0.7%WoW), whereas, laggards were,  MTL (-19.6%WoW),  ATRL (-19.0%WoW), GATI (-18.5%WoW), TRG (-17.7%WoW), and ANL (-17.4%WoW). 5 billion by amending the Memorandum and Articles of Association of the Company. UNIDO, Pakistan begin deliberations for inclusive and sustainable industrial development in Pakistan, Pakistan a rapidly growing economy with space opening for investment and business: South Korean Ambassador, Muffasar Malik advises government to reduce duties, taxes on imported dry milk, Key Pakistan Market Stats and Economic Indicators, SECP sensitizes people to carefully read term & conditions of insurance policies, H202 Industry: To greatly benefit from improved textile dynamics, https://mettisglobal.news/wp-content/uploads/2020/12/MG-Final-‑-Made-with-FlexClip_Trim.mp4, The Income Tax Second Amendment Bill 2021”, FBR issued the Sales Tax General Order (STGO), State Bank of Pakistan Amendment Bill 2021, Executive Committee of the National Economic Council. March 14, 2021 (MLN): The highlights of the important economic and business events that took place during the last week are in order so as to become acquainted with the recent developments in Pakistan’s economic and public policy. Pakistan has great potential when we talk about the accomplishments of young innovators in the field of technology. United Nations Industrial Development Organization (UNIDO), specialized agency of the United Nations. Manufacturing in Pakistan lags behind Bangladesh, India and Sri Lanka in terms of manufacturing value added per capita as well as per capita exports of manufactured products, according to Competitive Industrial Performance Report 2020 released by United Nations Industrial Development Organization (UNIDO). Flow-wise, foreign investors remained net buyers during the week (net buy of USD3.64mn) together with Individuals (net buy of USD5.94mn) and Banks (net buy of USD4.28mn) while major selling was witnessed from Mutual Funds (net sell of USD9.05mn) accompanied by Insurance (net sell of USD5.63mn) and Companies (net sell of USD1.28mn). Aligned with the national development agenda and focused on sectors with high growth potential, the programme supports a country in achieving its industrial development goals. UNIDO ITPO Italy's webinar organized in collaboration with CremonaFiere, with the goal of promoting investment opportunities and potential trade partnerships between Italy and Pakistan in the zootechnical and dairy sectors. March 14, 2021 (MLN): The weekly economic roundup summarizes the country's key economic and financial data for the week from various sectors to keep an eye on next week's trends. ISLAMABAD, (UrduPoint / Pakistan Point News - 17th Feb, 2020 ):United Nation Industrial Development Organization (UNIDO), Investment and Technology Promotion Office (ITPO) Tokyo in collaboration with Japan International Cooperation Agency (JICA) will organize "Pakistan Investment Seminar and Business Talk" on March 16 in Osaka and on March 17 in Tokyo. Steel industry should be part of govt’s track and... Brexit negotiations to go ahead on Monday, President ICCI foresees huge opportunity after Pak-Turkey FTA, Hi-Tech Lubricants gets OGRA’s permission to set up 35 Petrol Pumps in KPK, President stresses to promote Industrial Biotechnology. Sazgar Engineering Works Limited signed another Vehicle Assembly Technical and Cooperation Agreement with a renowned Chinese Automobile Manufacturer, for the manufacture/Assembly, sales, and after-sales service of passenger and commercial vehicles. While the cement sector took away 30 points from the index during the week as investors fear rate hike in the upcoming monetary policy which could potentially hurt the bottom line as the sector is highly leveraged, a report by Spectrum Securities said. The writer is Director General of United Nations Industrial Development Organisation. This lead to the development of Country Program Framework for Pakistan under the leadership of Ministry of Industry and Production in collaboration with other line ministries and local governments. nearly 4.47% percent lower than the closing of the previous week. On the equity front, the Board of Directors of Adamjee Insurance Company Limited on Wednesday announced that its wholly-owned subsidiary company, Adamjee Life Assurance Company Limited, decided to list itself on the Pakistan Stock Exchange through Initial Public Offering. The final document of the Country Program Framework is expected to be signed with the government later this year in conjunction with the celebration of the 50th Anniversary of UNIDO-Pakistan Cooperation. LinkedIn. SBP unveils 3 new major policy steps to improve RDA and... Sale of passenger cars grows by 31% YoY in February, Pakistan’s Forex Reserves Increase by USD 24.40 Million, The Executive Committee of the National Economic Council, Overall Mid-Year Fiscal indicators have shown encouraging results as considerable growth in net revenue and effective expenditure control measures have helped contain the, The assets of the Non-Banking and Financial Company. As we look back on our 50 years, there is no doubt that UNIDO is still as relevant as it was when it was created. UNIDO under GEF … 3 billion to Rs. UNIDO Jobs; UNIDO Jobs. Sep 02, 2019: The United Nations Industrial Development Organization (UNIDO) and National University of Sciences and Technology (NUST) had joined hands for development of first ‘Biomass Cluster in Pakistan’. Operating from offices in Karachi, Lahore, and Islamabad, the company provides comprehensive information on the Forex, Money Markets, Central bank, Economic indicators, Equities, Commodities and mutual fund market. ISLAMABAD: United Nations Industrial Development Organization (UNIDO) developed a project proposal on Agro-Industry Development Programme for Khyber-Pakhtunkhwa (KP) and Gilgit-Baltistan (GB) targeting fresh fruits, dry fruits, trout fish and dairy sectors. The Board of Directors of Ghani Global Holdings Limited decided to enter into green energy technology business by way of manufacturing and sale of supercapacitors and to provide long term energy storage solutions for Electric Vehicles, Solar & UPS Battery Solutions, Telecom, Microgrid, Locomotives, Industrial Equipment, Energy Harvesting, and Green Technology, etc. In addition to this, FBR issued the Sales Tax General Order (STGO) for the Cement manufacturers, for the implementation of Electronic Monitoring of production and sales of goods in the manner prescribed in the law on all manufacturing sites. Twitter. WhatsApp. Follow GCIP Pakistan's Facebook page. Facebook Count. In this context and after the initial survey of the industrial development situation, UNIDO HQ mission comprise of Mr. Zhen Wang, Chief, Asia-Pacific Regional Division and Mr. Nobuya Haraguchi, Senior Officer, Research & Industrial Policy Advice Division visited Pakistan and along with Country Representative and team held consultative meetings with the key stakeholders in Islamabad. This lead to the development of Country Program Framework for Pakistan under the leadership of Ministry of Industry and Production in collaboration with other line … #UNIDO has released a new publication on the Organization’s work in the area of South-South and triangular industrial cooperation (SSTIC). The team also had consultative discussions with heads of academic and development partners including National University of Science and Technology (NUST), EU delegation and Asian Development Bank, Japanese Embassy along with the final meeting with Chinese Ambassador to Pakistan. The last day of the week, however, saw investors returning in hoards and lift the index from its week low of 42,780 points, albeit slightly.
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