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  • Service Global Footwear Ltd. Enters Major Joint Venture with Chinese Partner

    Service Global Footwear Ltd. Enters Major Joint Venture with Chinese Partner

    The decision was ratified by the SGFL Board of Directors in a meeting held on January 20, 2026, and has been formally disclosed to the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) in compliance with regulatory requirements.

    Key Highlights of the Joint Venture:

    Equity Structure: SGFL will hold a controlling 51% stake in the new Joint Venture Company (JVC), with Golden Star Footwear Group taking a 49% share.

    Investment Plan: SGFL has approved a substantial long-term equity investment of up to Rs. 1 billion in the proposed JVC. This investment will be made in phases over the next five years, pending approval from the company’s shareholders as per the Companies Act, 2017.

    Project Scope: The core objective of the JVC is to set up a dedicated project for the manufacturing and sale of non-leather footwear, leveraging the technical expertise and market reach of the Chinese partner.

    Asset Utilization: To facilitate the project, SGFL plans to lease a significant piece of its industrial property to the JVC. The asset includes land measuring approximately 136,816 square feet and an existing building with a covered area of 79,760 square feet, located on Muridke-Sheikhupura Road. The initial lease term is set for one year, with the building lease contingent on shareholder approval.

    Strategic Significance:

    This joint venture marks a strategic diversification for SGFL into the non-leather footwear segment, which is a growing global market. Partnering with an established Chinese manufacturer, Golden Star Footwear Group, is expected to provide critical technology transfer, supply chain advantages, and access to international export markets.

    “The establishment of this JVC is a transformative step for our company,” the disclosure stated. It aligns with broader industrial goals of enhancing local manufacturing capabilities and boosting exports from Pakistan.

    The incorporation of the new JVC will proceed once its name is approved by the SECP. The move is subject to standard regulatory clearances and the necessary approvals from SGFL shareholders for the large-scale investment and property lease.

    Analysts anticipate that this venture could position SGFL as a key player in the export-oriented footwear industry, contributing to foreign exchange earnings and creating local employment opportunities. – ER News Desk

  • Pakistan–China Agri Investment Conference Yields 79 MoUs Worth USD 4.5 Billion

    Pakistan–China Agri Investment Conference Yields 79 MoUs Worth USD 4.5 Billion

    Speaking to the media, the minister said the scale and diversity of the MoUs marked a clear transition from consultative dialogue to investment-driven collaboration. He noted that the conference was designed to deliver practical outcomes through structured business-to-business matchmaking, focused sectoral interactions and project-oriented facilitation.

    Rana Tanveer Hussain said the Ministry of National Food Security and Research carried out extensive preparatory work ahead of the event, including consultations with Pakistani industry stakeholders and Chinese enterprises. This process helped align proposed investments with market needs, technological gaps and national development priorities. As a result, MoUs were signed across ten key agricultural and allied sub-sectors, including food processing and value addition, agri-technology, seeds and plant protection, livestock and dairy, meat and poultry, fruits and vegetables, fisheries and aquaculture, animal feed, post-harvest infrastructure and agricultural inputs.

    He said the planned investments are expected to modernize agricultural value chains, introduce advanced technologies and improve overall productivity. According to the minister, the initiatives are likely to create significant employment opportunities, particularly in rural areas, strengthen farm-to-market linkages and reduce post-harvest losses, contributing to higher farmer incomes.

    Highlighting broader economic impacts, the minister said the investments would support GDP growth, expand agriculture-linked industrial activity and promote export-oriented production of value-added food products. He added that improved processing capacity and supply chains would also contribute to national food security and price stability.

    Rana Tanveer Hussain said the conference outcomes are in line with the objectives of CPEC Phase II, which focuses on industrial cooperation, technology transfer and sustainable development. He reaffirmed the government’s commitment to ensuring effective follow-up so that the signed MoUs are converted into operational projects through coordinated institutional support and continued facilitation for investors.

    He said the conference has laid a solid foundation for long-term Pakistan–China cooperation in agriculture and reinforced Pakistan’s position as an investment-ready destination in the agri-food sector. – ER News Desk

  • Punjab Assembly Committee Approves Suthra Punjab Authority Bill 2025

    Punjab Assembly Committee Approves Suthra Punjab Authority Bill 2025

    The Punjab government has decided to establish the Suthra Punjab Authority under the leadership of Chief Minister Maryam Nawaz to streamline and strengthen waste management and sanitation services across the province.

    The Standing Committee of the Punjab Assembly on Local Government has approved the Suthra Punjab Authority Bill 2025. Under the bill, the Suthra Punjab Authority will function as an autonomous corporate body with wide-ranging powers related to cleanliness and waste management.

    According to the proposed law, the Chief Minister of Punjab will serve as the Chairperson of the Authority, while the Minister for Local Government will act as its Vice Chairperson. Secretaries of relevant provincial departments and all divisional commissioners will be members of the Authority.

    The Authority will be responsible for formulating policies, laws, standards and regulations for waste management, as well as for the construction and management of landfill sites. At the district level, the Deputy Commissioner will serve as the Chairperson of the Suthra Punjab District Authority.

    The district authority will have powers to issue licenses, carry out registrations and collect fees. It will also be authorized to appoint waste management inspectors. Improving cleanliness and public hygiene in rural areas will be among the key responsibilities of the Authority.

    Additionally, the Suthra Punjab Authority will have the power to determine service charges for its operations. The bill further states that decisions of the Authority cannot be directly challenged in a court of law.

    The approval of the bill marks a major step toward institutionalizing waste management and sanitation reforms in Punjab. – ER News Desk

  • OGDCL Announces Oil and Gas Discovery at Baragzai X-01 Well in Kohat

    OGDCL Announces Oil and Gas Discovery at Baragzai X-01 Well in Kohat

    OGDCL is the operator of the Nashpa Exploration License with a 65 percent working interest. The joint venture partners include Pakistan Petroleum Limited (PPL) with a 30 percent working interest and Government Holdings (Private) Limited (GHPL) with a 5 percent carried interest.

    According to the disclosure, the discovery was made over the Samana Suk and Shinawari formations. During the Cased Hole Drill Stem Test (CHDST-03) conducted in these formations, the well flowed at a rate of 3,100 barrels of oil per day (BOPD) and 8.15 million standard cubic feet per day (MMSCFD) of gas. The flow was achieved through a 32/64-inch choke at a wellhead flowing pressure (WHFP) of 3,010 pounds per square inch gauge (psig).

    The Baragzai X-01 (Slant) well was spudded on December 30, 2024, as an exploratory well under the Nashpa Exploration License. The well was drilled to evaluate the hydrocarbon potential of multiple formations, including Lockhart, Hangu, Lumshiwal, Samana Suk, Shinawari, Datta and Kingriali.

    The well was successfully drilled to a total depth of 5,170 meters, reaching the Kingriali Formation. Based on wireline log evaluation, two earlier cased-hole drill stem tests were conducted in the Kingriali and Datta formations, both of which also resulted in oil and gas discoveries.

    OGDCL stated that the latest discovery is expected to contribute toward reducing the country’s energy supply–demand gap through the utilization of indigenous resources. The discovery will also add to the hydrocarbon reserves base of OGDCL, its joint venture partners, and Pakistan. – ER News Desk

  • All Railway Stations to Be Made Smart Under RAIN Project

    All Railway Stations to Be Made Smart Under RAIN Project

    PAKISTAN – Railways

    The Minister was assured that Phase I of the RAIN Project will be completed by June 2026. According to the Directorate of IT, Phase I will be fully executed using Pakistan Railways’ own revenue, reflecting the organization’s financial self-reliance and operational sustainability.

    The RAIN Project is the most comprehensive digitization initiative in the history of Pakistan Railways, and Phase I has now been successfully executed. Key components of Phase I include: • Introduction of GPS tracking for all trains and locomotives.

    • Establishment of Safe and Smart Railway Stations at major stations, modeled after the successful Rawalpindi station, with plans to upgrade other key stations similarly.
    • Provision of high-speed internet at selected railway stations.
    • Establishment of Command & Control Centers at the Lahore Headquarters and all divisional offices.
    • Fiberization of 1,700 kilometers of the ML-1 railway network.
    • Enabling real-time monitoring and data-driven decision-making.

    Minister Hanif Abbasi emphasized that the RAIN Project will significantly reduce train delays and accidents, enhance passenger services, and improve overall operational efficiency. The new command and control systems will ensure rapid and effective responses in emergency situations.

    The Minister reiterated that the RAIN Project represents a major step toward modernizing Pakistan Railways, making it a safe, efficient, and passenger-centric organization. – PID

  • TAL Joint Venture Discovers Gas at Bilitang-1 Well in KP

    TAL Joint Venture Discovers Gas at Bilitang-1 Well in KP

    The TAL JV comprises MOL Pakistan Oil & Gas Co. B.V. as operator with a 10% working interest, Oil & Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) each holding 30%, Pakistan Oilfields Limited (POL) 25%, and Government Holdings (Private) Limited (GHPL) 5%.

    The well was spudded on August 10, 2025, and drilled to a target depth of 4,011 meters true vertical depth (TVD). Based on interpretation of Logging While Drilling (LWD) and wireline log data, the Lockhart Formation was successfully tested, flowing gas at a rate of 1.37 million standard cubic feet per day (MMSCFD) on a 32/64-inch choke, with a wellhead flowing pressure of 254 psi.

    According to the company, the discovery has de-risked further exploration prospects in the TAL Block and has opened up additional upside exploration opportunities in the area. – ER News Desk

  • Pakistan Cables signs MoU with PEC for Graduate Engineer Trainee Placement Program

    Pakistan Cables signs MoU with PEC for Graduate Engineer Trainee Placement Program

    The company will intake 15 Graduate Engineer Trainees, to be shortlisted by the council from within Sindh

    GET is an initiative designed to bridge the gap between academic learning and professional practice by placing fresh engineering graduates with industry partners for five months of structured training.

    As part of this program, Pakistan Cables will intake 15 Graduate Engineer Trainees, to be shortlisted by PEC from within Sindh in line with the Company’s operational requirements and location.

    This reflects the Company’s’ continued commitment to supporting STEAM education and youth empowerment in Pakistan.

    About Pakistan Cables Ltd.
    Founded in 1953, Pakistan Cables is the premier and most reputable wires and cables manufacturer in Pakistan. Being the first and oldest wires and cables manufacturer listed on the PSX since 1955, it has the largest geographical footprint in Pakistan, with presence in over 200 cities and towns. It is also a member company of the Amir S. Chinoy group. It is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, and various cables type tested by KEMA, Netherlands. The Company’s science-based emission reduction targets are validated and approved by SBTi. It is also a signatory of the UN Global Compact and net-zero commitment. To learn more about Pakistan Cables Ltd. – PR

  • When Addiction Dismantles a City: Karachi’s Bridges and Its People at Risk

    When Addiction Dismantles a City: Karachi’s Bridges and Its People at Risk

    Karachi at a Crossroads
    Karachi stands at a critical juncture where social failure is directly undermining physical infrastructure. As a civil engineer who has spent many years working on public projects and as a reform-minded citizen, I must say this clearly: Karachi’s bridges are not just aging—they are being deteriorated, and Karachi’s people are not just addicted—they are being neglected. This double failure of infrastructure and humanity demands urgent and combined action based on engineering sense, public health, and responsible governance.

    The City Being Stripped Bare
    Karachi is facing a kind of damage never seen before. Drug addiction, especially heroin, has pushed people to steal iron from everywhere—barbed wire, manhole covers, road guardrails, iron poles, and even traffic-control spikes. These items are stolen daily, sold cheaply, and exchanged for small packets of drugs. When the government replaced iron with plastic, the problem did not stop; instead, it became worse. The addicts shifted their focus to bridges and flyovers and started removing steel rods from inside concrete using simple tools like hammers, cutters, and drills, often in open areas and without fear. According to reports, nearly 80 percent of Karachi’s bridges have been partially damaged in this way. This is not a small theft; it is direct damage to the city’s backbone.

    The Engineering Danger
    From an engineering point of view, the danger is very serious. Concrete bridges depend on steel inside them for strength. When steel is removed, the bridge becomes weak and unsafe. Bridges designed to last 60 to 70 years are now being damaged within 10 to 15 years. Many bridges are still standing, but they are injured from the inside. When failure happens, it will be sudden and deadly. This will not be an accident—it will be the result of long neglect.

    Addiction Is a Health Problem
    Drug addiction is a disease, not just bad behavior. Expecting addicted people to act normally without treatment is unrealistic. These individuals show great physical strength and technical ability—skills that could be useful in construction or public work. Yet addiction is wasting this human potential. Treating addicts only as criminals will not solve the problem. Treating them as patients and helping them return to normal life can.

    The Untouched Supply Chains
    While addicts are punished, the drug suppliers are mostly untouched. The easy availability of heroin shows organized networks working freely. Punishing users while ignoring suppliers is not justice—it is failure. This selective action destroys public trust and allows the problem to grow.

    A Plan to Protect Karachi
    To address this crisis, we need an integrated approach. Infrastructure must be protected immediately through inspections of all major bridges and flyovers, installation of cameras and monitoring systems, securing areas under bridges with lighting and controlled access, using theft-resistant materials in future projects, and creating an independent body to oversee Karachi’s infrastructure safety.

    Addicts must be rehabilitated and their lives rebuilt by declaring drug addiction a public health emergency, setting up rehabilitation centers in every district, providing skill training and jobs in public works, and offering counseling, shelter, and family support. Drugs must be controlled at the source by taking action against suppliers and financiers, tracking drug money and illegal supply chains, punishing officials who protect or ignore drug networks, and educating youth and communities about the dangers of drugs.

    Scrap markets must also be regulated by registering all dealers digitally, banning cash payments for metal purchases, punishing buyers of stolen government steel, and marking government metal assets for identification.

    Shared Responsibility
    The government must stop denying the problem and act firmly, engineers must speak up to protect public safety, and citizens must understand that stolen infrastructure puts their own lives at risk. Saving a city is a shared duty. Karachi’s crisis is not about lack of money or knowledge—it is about lack of coordinated thinking. Saving bridges without saving people will never last. Saving people will automatically protect bridges.

    The Choice Before Us
    As an engineer, I warn of physical collapse. As a reformist, I warn of social collapse. Both are close if ignored. The choice is simple: reform systems, rehabilitate people, and protect infrastructure—or accept a city that collapses both morally and physically. This is not emotional writing. It is a professional and ethical warning.

  • PEC, Energy China Sign Landmark Pact to Deploy Pakistani Engineers on Global Mega Projects

    PEC, Energy China Sign Landmark Pact to Deploy Pakistani Engineers on Global Mega Projects

    The high-impact Memorandum of Understanding (MoU) was signed at the Energy China Office in Islamabad, marking a major milestone in international engineering cooperation and global workforce mobility.

    Under the agreement, PEC-registered Pakistani engineers will gain structured access to Energy China’s mega projects spanning power generation, renewable energy, hydropower, transmission networks, transport infrastructure, and investment ventures across Southeast Asia, the Middle East, Africa, and Europe. The initiative is expected to create direct overseas employment opportunities while enabling advanced skills transfer and global exposure for Pakistan’s engineering workforce.

    Speaking at the signing ceremony, Energy China Managing Director Mr. Wang Hui Hua highlighted CEEC’s extensive global footprint, with over 140,000 professionals operating in 147 countries. He reaffirmed the company’s commitment to recruiting Pakistani engineers, collaborating with local contractors, and embedding corporate social responsibility within China’s investments in Pakistan.

    PEC Chairman Engr. Waseem Nazir described the MoU as a “paradigm shift” for Pakistan’s engineering sector. He announced the establishment of a dedicated China Desk at PEC to ensure sustained engagement, transparent placement mechanisms, and capacity-building collaboration with Chinese state-owned enterprises. He added that 2026 would be remembered as a turning point when Pakistani engineers transitioned from domestic opportunities to global engineering leadership.

    The agreement positions Pakistan as a strategic engineering talent hub for one of the world’s largest infrastructure developers, opening a new chapter of high-value, technology-driven, and globally integrated career pathways for Pakistani engineers. – ER News Desk

  • Pakistan to Host Indus AI Week 2026 to Accelerate National AI Adoption

    Pakistan to Host Indus AI Week 2026 to Accelerate National AI Adoption

    Indus AI Week 2026 aims to position Pakistan as a country committed to advancing artificial intelligence at scale by fostering collaboration among government, industry, academia, startups, and the broader technology ecosystem. The initiative seeks to build awareness, strengthen national capacity, promote responsible AI adoption, and encourage practical, sector-wide engagement.

    Organised by the Ministry of IT and Telecommunication through a public-private partnership, Indus AI Week has been conceived as an open and inclusive, week-long national platform for AI learning, exploration, and participation. The programme will bring together policymakers, technology leaders, enterprises, universities, startups, students, and the general public in Islamabad and across the country.

    Key features of the week include a national technology showcase, startup and innovation spotlights linking founders with investors, skills training and certification opportunities for students and professionals, a gaming and experiential AI arena, and interactive public engagement activities. These components are designed to demystify artificial intelligence and translate policy dialogue into hands-on learning and real-world adoption.

    Announcing the initiative, Minister Shaza Fatima Khawaja said that following the introduction of Pakistan’s National AI Policy last year, Indus AI Week represents a shift from discussion to implementation. She said the initiative would help connect policy, industry, and talent while positioning Pakistan as a credible participant in the global AI ecosystem.

    Indus AI Week will open with the Indus AI Summit at the Jinnah Convention Center, Islamabad, on February 9, followed by Innovation, Learning, and Engagement activities at the Islamabad Sports Complex on February 9–10. Co-branded AI events will continue nationwide through February 15, marking a significant step toward Pakistan’s digital future. – ER News Desk