Tag Archives | pakistan

Lucky Cement Expansion to be completed by November

By John Lee. Pakistan’s Lucky Cement has reported that the first phase of the brown-field expansion of its cement grinding unit in Iraq is expected to come online by October 2017. It will hava a capacity of 0.4355 million tons per annum, representing half of the planned 0.871-million-ton expansion. The second half the expansion is […]

Iraq Third from Bottom in “Passport Power”

By John Lee. Iraq has been rated third-last in a ranking of the ‘passport power’ of 199 countries around the world. The list, compiled by passportindex.org, ranked passports by their ability to allow persons to travel visa-free to other destinations. Top of the list was Germany, followed by Sweden and Singapore, while Iraq comes in […]

Cement Firm Expands Iraq Operations

By John Lee. Pakistan’s Lucky Cement has announced plans to increase capacity at its grinding unit in Iraq. In a statement to the stock market, the company said that together with its Joint Venture partner, it will to increase its existing cement grinding capacity from 0.871 million tons to 1.742 million tons per annum. This expansion […]

Iraq considers building Oil Refinery in Pakistan

By John Lee. According to a report from Radio Pakistan, Iraq wants to build an oil refinery at Pakistan’s Gwadar Port. Iraqi Ambassador Dr. Ali Yassin Mohammad Karim is said to have discussed the issue with Pakistan’s Minister for Ports and Shipping, Mir Hasil Khan Bizenjo, at a meeting in Islamabad on Wednesday. The development […]

Attock Cement gets Green Light

By John Lee. Pakistan’s Econo­mic Coordination Commit­tee (ECC) has approved a proposal to allow Attock Cement Pakistan Limited (ACPL) to transfer $24 million (29 trillion Iraqi dinars) to Iraq for the construction of a cement grinding unit in Basra. The investment will starting this month, with the company intending to hire 50 percent of its labour […]

Iraq Boosts Lucky Cement Results

By John Lee. Pakistan’s Lucky Cement has reported progress at its grinding unit in Iraq. Analyst Nabeel Khursheed at Topline Securities commented that operations from Iraq contributed net earnings of Rs323m (eps Re1) to Lucky’s consolidated bottom-line. (Source: DAWN.COM) (Picture: Muhammad Ali Tabba, CEO of Lucky Cement)

Iraqi Air Force to Buy Pakistani Aircraft

By John Lee. A contract has been signed for the export of Super Mushshak Aircraft from Pakistan Aeronautical Complex (PAC) to Iraq Air Force (IAF). The ceremony was held at the Prime Minister House, Islamabad and the Prime Minister of Pakistan, HE Mr. Muhammad Nawaz Sharif, presided the ceremony. The contract for the Super Mushshak […]

Gazprom Neft selects Pipeline Contractor

Gazprom Neft, operator of the Badra oilfield development project (pictured), has appointed a contractor to lay the pipeline connecting the field to the power station in Zubaidiah (Wasit Province). The tender was won by Pakistani company Techno Engineering Services (Pvt.) Ltd. In line with the contract, Techno Engineering Services will produce the designs, supply the […]

Lucky Cement Starts Production in Iraq

By John Lee. Pakistan’s Lucky Cement has started production in Iraq from February of this year, in a 50/50 joint venture with the Al-Shawy family. The company’s CEO, Muhammad Ali Tabba (pictured), told Dawn that a total of $40 million has been invested in the grinding mill in Basra, which has a capacity of 3,000 […]

Pakistan to Resume Iraqi Flights

By John Lee. Pakistan International Airlines (PIA) will resume its operations to Iraq from next month to facilitate Shia pilgrims, reports Business Standard. Prime Minister Nawaz Sharif reportedly directed the PIA to resume services to the country after a break of 30 years. The new flights will serve Najaf airport. (Source: Business Standard)

NESPAK Reopens Office in Iraq

By John Lee. National Engineering Services of Pakistan (NESPAK) has set up an office in Iraq, reports The News. Managing Director Amjad A Khan said that the company has set up its office in Baghdad to deal with the East Gharraf [Gharaf] project awarded by the Ministry of Water Resources. The project marks the restart of […]

Alkitan Plans Basra Cement Plant

By John Lee. A Pakistani company identified as “Alkitan” has said it will build a new cement plant in Basra. Company director Shakir Ali told the Basra Investment Commission that they wanted to set up there “due to the abundant natural resources and investment opportunities”. He added that the plant will be built on a […]