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November 17, 2018

Technology News

New Tech Companies, Startups in Pakistan to Enjoy 3-year Income Tax Exemption

Pakistan’s government has announced various incentives for the Information Technology sector in its budget for new fiscal year that will start from July 1. It is a good opportunity for the overseas Pakistanis who want to make investment in the IT sector in Pakistan. New Tech companies and startups will be exempted from Income Tax […]

German Company MAN to Manufacture Trucks in Pakistan with NLC

MAN Truck and Bus AG, a German company will manufacture trucks in Pakistan in collaboration with National Logistic Cell, a state-owned transportation and construction company, according to a media report. NLC will initially invest up to 700 million rupees to build a production plant in Pakistan which will manufacture heavy commercial vehicles, an NLC official […]

Pakistan, USAID Sign MoU to Plan For Future Energy Need

Pakistan and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MOU) to coordinate on integrated energy planning in Pakistan. Under the MoU, an integrated energy management center will be set up to assess future energy needs of Pakistan and draw plan to meet them. The proposed set up, supported […]

French Auto Maker Renault to Start Assembling Cars in Pakistan by 2018

French Automaker Renault will start assembling cars in Pakistan by 2018, according an official government statement issued in Islamabad. After a meeting of the Economic Coordination Committee, the highest economic-decision making body, the statement said that Renault has decided to invest in Pakistan following meetings between Finance Minister Ishaq Dar with Renault officials held during […]

Pakistan to add 5,770 MW electricity by March-2018

Pakistan is aiming to add 5,770 megawatts of electricity to its national grid by 2018 as the country is struggles to overcome chronical energy shortages which has hampered growth and forced many factories to close. The South Asia’s second biggest economy after India currently produces about 15,886 MW against the demand of 19,500 MW, leaving […]