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KE okays Rs3.7bn investment plan for industrial areas - Newspaper


An investment plan of approximately Rs3.7 billion has been finalised for the captive requirements of industrial zones in Karachi. Getty images/File
KARACHI: An investment plan of approximately Rs3.7 billion has been finalised for the captive requirements of industrial zones in the city, K-Electric (KE) said on Saturday.
The overall load-requirement and enhancement of captive power plants (CPPs) that will be connected to the grid is around 747 MW, spread across 743 customers, the statement said, citing surveys conducted by the utility. “More than 500 customers have already been contacted by the power utility for load requirements amounting to around 300MW. Permission for load-requirement or load-enhancement survey is awaited from around 100 customers,” the statement added. ....

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Punjab, KP industrial estates gain as Karachi falls apart - Newspaper


Over the years, some industrialists from Karachi have either shifted or expanded in Punjab due to rapid industrialisation, cheaper land price and better infrastructure. Dawn/File
KARACHI: The country’s biggest city enjoying an edge due to twin ports, Karachi has emerged as the most sought-after metropolis in terms of land prices for businesses despite deteriorating infrastructure in various industrial areas.
High industrial land rates in Karachi are a cause of concern for many small- to medium-sized investors. Over the years, some industrialists from Karachi have either shifted or expanded in Punjab due to rapid industrialisation, cheaper land price and better infrastructure. Along with Punjab, industrial estates in Khyber Pakhtunkhwa are coming up as alternative sites as the law and order situation improved considerably in recent years. ....

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Motiwala new BMG chairman


Motiwala new BMG chairman
December 13, 2020
KARACHI: The Supreme Council of Businessmen Group (BMG) unanimously resolved to give the responsibility of BMG Chairmanship to Zubair Motiwala, a statement said on Saturday.
The consensus was reached at a BMG Supreme Council’s meeting, which was presided over by BMG Vice Chairman Tahir Khaliq and attended by BMG vice chairmen Zubair Motiwala, Haroon Farooki, Anjum Nisar and General Secretary A Q Khalil, it added.
Motiwala has been Sindh Board of Investment chairman, adviser to Sindh chief minister and chairman / member Advisory Board/ member Board of Directors at a host of private and public sector institutions. ....

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