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Pakistan has great potential for growth in solar power: US Comm. Counselor Steve Knode

M. M. ALAM

KARACHI: US Commercial Counselor Steve Knode has noted that Pakistan has great potential for growth in solar power.

He said this while highlighting the significance of Solar Power International (SPI) being held on 10-13 September. SPI is the world’s largest solar power trade show in N. America.

A six-member delegation of Pakistani companies led by US Commercial Service is participating in SPI : “Our initiative to lead a delegation to SPI demonstrates our interest and commitment to showcase best-in-class U.S. technologies that can help Pakistan realize this potential.”

SPI had more than 18,000 industry professionals and 600 manufacturers, service providers and vendors from all over the world.

The participating Pakistani companies will have the opportunity to gain deeper understanding of solar power technologies and business prospects. 

At SPI 2017, USCS will provide the Pakistani delegation with complimentary Expo registration, business-to-business matchmaking services with pre-screened U.S. suppliers, and complimentary use of the International Business Center.

Pakistan will be one of more than 30 international delegations led by USCS.

PS: The United States is Pakistan’s largest trading partner, and in 2016, USCS led more than 200 Pakistani business people to 15 U.S. states to build trade ties between the United States and Pakistan.  These trade promotion events focus on increasing bi-lateral trade between our nations. 

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PSX: Marred by political ambiguity the bourse experiences low-key activity today!  

SANA MAHMOOD

KARACHI: The prevailing vagueness in the economic as well as political scenario of the country forced PSX fall flat closing at 42,750 points on the week’s last trading day.

Rs. 5.45b worth of 132m shares changed hands, with value of the shares of 167 companies augmenting, 170 plummeting and 26 remaining stagnant.

Technology, Power and Textile sectors dominated the bourse with trading of 24.4m, 12.5m and 11.7m shares today.

Top five leading handlers of shares on the last trading day of the week were: WorldCall Telecom, 17.6m shares (+2.62pc); Engro Polymer, 8.9m shares (+3.03pc); K-Electric Ltd., 6.8m shares (+0.48pc); Dewan Motors, 6.4m shares (+4.82pc); Bank of Punjab, 6.3m shares (-1.87pc).

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PSX: Raid at Dar’s house & Model Town Report let bears bleed the bourse red!

SANA MAHMOOD

KARACHI: News that last night NAB personnel raided the house of Federal Finance Minister Ishaq Dar armed with an arrest warrant forced bulls leave the bourse after many sessions.

Court’s orders to make the judicial report of Model Town carnage public too allowed the bears growl forcing KSE-100 Index close at 42,800 today post shedding 572 points.

Today Rs. 8.7b worth of 165.7m stocks changed hands. The value of the shares of 253 companies plummeted, 94 augmented while 33 remained unchanged.  

Technology, Power Generation and Gas Sectors led the trade today with 18.9m, 15.1m and 15m shares.

Today’s top five traders of the shares were K-Electric Ltd., 12.5m shares (+1.30pc); Sui Southern Gas 11.2m shares (-0.18pc); Engro Polymer, 9.9m shares (+1.66pc); WorldCall Telecom, 8.6m shares (+1.78pc); TRG Pak Ltd., 8.3m shares (-4.44pc).

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European consortium Airbus inaugurates first completion/delivery center in China

MMA

TIANJIN: European consortium Airbus has inaugurated a $240m completion center here that will be receiving large bodied aircraft A330s from France.

 

 

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