K Electric and National Industrial Parks (NIP) Sign MoU for construction of Grid Station for BQIP

News Image

By MG News | February 20, 2019 at 06:12 PM GMT+05:00

0:00

February 20, 2019: The current Government is focusing on creating enabling environment for the businesses to grow and contribute in the economic development in the country.  Special drive has been started by the Prime Minister’s Advisor on Commerce, Textile, Industries & Production and Investment Mr.Abdul Razak Dawood to address the chronic issues in the Industrial Zones of the country so that the business could grow and flourish in these zones.

Bin Qasim Industrial Park (BQIP) is a 950 Acre Special Economic Zone situated on the Pakistan Steel land. It is a project of National industrial Parks Development and Management Company, a wholly-owned entity of Ministry of Industries & Production, Government of Pakistan.

Currently, BQIP has only one 11KV feeder line of 4MW load capacity coming from K-Electric Pinri Grid station, which is currently unable to cater the needs of growing number of industrial units.

Lately, four of the zone enterprises which are expected to come into full production capacity in the next 2-3 months showed their serious concerns on the inability of the Special Economic Zone to fulfil their immediate electricity needs of approximately 17MW.

At the direction of the Advisor, Mr.Dawood andKE authorities were engaged to find an immediate solution. NIP and KE have jointly come up with a short and long term solution to meet the electricity needs of the BQIP (SEZ) enterprises.

Today a MoU has been signed between the KE and NIP at Karachi. Under the MoU, KE will immediately start work on laying four 11KV feeder lines of 4-4.5 MW for the industrial units under construction and will ensure supply of needed electricity before they go into full production.

Investors of the zone enterprises were also present at the signing ceremony and expressed their profound gratitude to Mr. Razak Dawood for his timely intervention and support to make it happen as it’s in larger interest of the country.

They viewed that such measures are expected to attract more investment in the industrial Zones of the country.

Related News

Name Price/Vol %Chg/NChg
KSE100 133,403.19
324.46M
0.02%
33.04
ALLSHR 83,188.05
1,204.34M
0.13%
106.90
KSE30 40,651.46
104.88M
-0.13%
-53.85
KMI30 192,083.92
123.92M
-0.26%
-496.76
KMIALLSHR 55,847.70
679.22M
0.02%
11.98
BKTi 36,422.88
17.65M
0.29%
105.71
OGTi 28,437.61
10.77M
-0.37%
-105.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,695.00 109,685.00
107,680.00
240.00
0.22%
BRENT CRUDE 70.31 70.36
69.03
0.73
1.05%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.55 68.59
67.33
0.62
0.91%
SUGAR #11 WORLD 16.14 16.37
16.10
-0.14
-0.86%

Chart of the Day


Latest News
July 08, 2025 at 05:29 PM GMT+05:00

Money Link Exchange shuts down operations


July 08, 2025 at 04:41 PM GMT+05:00

Gold price in Pakistan rises Rs1,500 per tola


July 08, 2025 at 04:25 PM GMT+05:00

CCP clears 69 M&A deals in FY25


July 08, 2025 at 04:00 PM GMT+05:00

PSX Closing Bell: Holding the Line



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg