Tag: agrees

AkzoNobel agrees to acquire V. Powdertech business

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AkzoNobel has today agreed to acquire the business of V. Powdertech Co., Ltd., the leading Thai manufacturer of powder coatings, supplying a range of products for domestic appliances, furniture and general industrial applications, and currently employing more than 250 employees. The acquisition of V.Powdertech will bring new technologies and services to complement AkzoNobel’s global technology […]…Read More

VCs forum agrees for more coop to meet challenges

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article image STAFF REPORT ISB: The third Vice Chancellors Forum of Islamic countries stressed the need for initiating joint academic programmes, promoting research and pooling resources so as to meet the challenges of the modern times. The forum was jointly organized by HEC, COMSATS Institute of Information Technology (CIIT), Ministries of SandT and Education and Federation of Universities of Islamic World. As many as 200 Vice Chancellors, Rectors and Presidents of universities and higher…Read More

China agrees for mechanical mining in Salt Range

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article image STAFF REPORT LHR: A memorandum of understanding (MoU) has recently been signed between the Punjab government and China Machinery Engineering Corporation (CMEC) for mechanical mining of coal in the Salt Range. Secretary Minerals Dr Arshad Mahmood signed the MoU on behalf of the Punjab government and Vice-President Jingkai on behalf of CMEC, says a press release issued here. Under the agreement, the CMEC will carry out mechanical mining of coal in the Salt Range, to be used at coal-…Read More

Canada agrees to extend support for agri sector

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article image STAFF REPORT KHI: Canada is planning to work on a massive development programme for Pakistan especially on the agriculture sector, as there is a vast potential in this area. "Almost half of the population of Pakistan is not yet developed to its full potential. However, we should work together for developing the policies for the agriculture sector, especially dates which has large export market," Canadian High Commissioner Greg Giokas said this in a meeting with President KATI…Read More

France agrees on credit facility for 2 power projects

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STAFF REPORT ISB: Pakistan and France have signed an agreement for the establishment of two hydropower projects in Pakistan here on Wednesday. This financing aims at completing the two hydropower projects with a total capacity to produce 785MW. The Munda Hydropower Project (740 MW) is located in the Mohmand Agency. The Harpo Hydropower Project (35MW) located in the Gilgit-Baltistan, Skardu region will enable the government to meet the future demand of the region and also to establish the…Read More

EIB agrees to provide €100m for 128MW Pak hydro project

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article image STAFF REPORT ISB: The European Investment Bank (EIB) is providing a €100m long-term loan to Pakistan to finance the construction of the 128MW Keyal Khwar Hydropower project. KWF will also offer financial support for the project, a statement from the EIB said. EIB Vice President Magdalena Alvarez, during his recent visit to Pakistan, had signed an agreement with the government in this regard. He also invited to with future energy efficiency projects. Alvarez, who is in…Read More

FAO agrees to help enhance food security

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article image STAFF REPORT ISB: The Food and Agriculture Organization (FAO) of United Nations will provide Pakistan with technical support to enhance agricultural productivity and food security. FAO Representative Patrick T. Evans said during presenting his credentials to Sartaj Aziz, Advisor for National Security and Foreign Affairs, at the Foreign Office. While discussing the urgent needs of the agriculture sector in Pakistan, they agreed on the need to improve collaboration to enable local…Read More

PTCL agrees to extend ICT services to DHA Karachi

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article image STAFF REPORT IBD:: PTCL has inked an agreement for Integrated Communication Technology (ICT) services and infrastructure development with DHA City Karachi (DCK). The partnership is aimed at developing DHA City Karachi as the first Smart City of Pakistan. "We are pleased to extend cooperation and partnership with Defence Housing Authority. This strategic partnership is geared towards meeting the higher bandwidth and telecommunications needs of the first smart city in Pakistan…Read More

Chinese firm agrees to resolve energy crisis

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STAFF REPORT IBD: China has assured Pakistan its full support to resolve its persistent energy crisis which is badly hampering the national economy. Wang Jiuling, Vice President of China Southern Power Grid Company Limited (CSG), during his recent visit to Pakistan met Ziaur Rehman, MD NTDCL. On the occasion, the MD NTDC briefed the delegation about the company’s operation, ongoing projects and expansion plan. He said that NTDC would like to benefit from experiences and…Read More