Neelum-Jhelum power project nears Rs404bn financial close

Courtesy Of Dawn News GARHI DUPATTA (Muzaffar­abad): With a Rs404 billion funding for a strategic 969-megawatt Neelum-Jhelum Hydropower Project (NJHP) in sight and physical progress in advance stages, the Water and Power Development Authority (Wapda) wants the federal government to charge mark-up on foreign loans at par with provinces to ensure economic and commercial viability…

Rs291bn projects okayed

Courtesy Of Dawn News ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) on Wednesday approved Rs290.574 billion for five development projects, most of them being in power and communication sectors. Two power projects approved by the committee, headed by its chairman Finance Minister Ishaq Dar, included a 1,230-megawatt combined-cycle power plant at Haveli…

LSM expands 4pc

Courtesy Of Dawn News ISLAMABAD: Large-scale manufacturing (LSM) grew 3.89 per cent year-on-year during the first six months (July-December) of this fiscal year. The Quantum Index Num­bers (QIM) of LSM industries rose to 124.9 points during the period from 120.23 a year ago, the Pakistan Bureau of Statistics said on Wednesday. The highest growth of…