The Central Development Working Party (CDWP) approved a budget of Rs4,289.88 million, including a foreign exchange component (FEC) of Rs2,901.25 million, for the establishment of the National Center for Manufacturing. The project is set to be completed by June 30, 2027. Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal, who chaired the CDWP … Read more
BEIJING: Restrictions on foreign investment in the manufacturing sector will be lifted with the release of the 2024 version of the negative list for foreign investment access, China’s top economic planner announced on Sunday. Jointly issued by the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOC), the updated negative list, effective … Read more
BF Biosciences Limited (BFBL), a subsidiary of Ferozsons Laboratories Limited, has signed a contract manufacturing and supply agreement with Lucky Core Industries Limited (LCI). The agreement involves the production of two pharmaceutical products: Esopase IV 40 mg and Etipro IV 40 mg. This development was communicated by Ferozsons Laboratories in accordance with Section 96 of … Read more
BEIJING: The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 49.1 in August, official data showed Saturday. The reading edged down from 49.4 the previous month, amid the continuous impact of heat wave and rainstorms on the country’s manufacturing activity, said Zhao Qinghe, senior statistician of the National Bureau of Statistics (NBS). … Read more
KARACHI: Sindh Governor Kamran Tessori has reaffirmed his commitment to supporting initiatives that promote the growth of the manufacturing sector and contribute to the country’s economic development. During a visit to the Indus Motor Company (IMC) plant, Tessori praised the company’s achievements in localisation, its contributions to the local auto industry, and its impact on … Read more
ISLAMABAD: As Pakistan’s auto policy enters its second phase, aimed at facilitating new entrants and boosting exports, the Ministry of Industries and Production is now considering a new policy specifically for parts manufacturing. During the fifth meeting of the Auto Industry Development and Export Committee (AIDEC) held on Tuesday, it was suggested that a separate … Read more
ISLAMABAD: The Punjab government has signed an agreement with the Chinese solar energy company AIKO to establish the first solar panel manufacturing plant in Punjab. This landmark agreement aims to boost the local production and assembly of solar panels within the province. The agreement was signed at a ceremony held at a local hotel, where … Read more