Gawadar Port Authority Chinese to provide Rs15bn interest-free loan
For development of road and railways track, China Communication Construction Company (CCCC) will provide Rs 15 billion interest-free loan to Gwadar Port Authority (GPA) as informed by State Minister for Ports and Shipping Chaudhry Jaffar Iqbal. While talking to the media after a high-level meeting at Pakistan National Shipping Corporation Head Office, the minister said […]
ECNEC approved Projects worth Rs295bn
Executive Committee of the National Economic Council (Ecnec) approved 9 development projects worth over Rs 295 billion including revival of Karachi Circular Railways (KCR).The Ecnec meeting chaired by the Prime Minister Shahid Khaqan Abbasi approved financial inclusion and infrastructure project at a total rationalized cost of Rs. 14.318 billion. The meeting also approved Balochistan Education […]
CPEC project Pakistan, China to fast-track industrial Cooperation
To accrue maximum benefits of this important phase and ensure win-win situation for the both countries, Pakistan and China agreed to fast track the industrial cooperation under China-Pakistan Economic Corridor (CPEC) project. This was decided in the first meeting of Joint Expert Working Group (JEWG) on industrial cooperation in which Pakistan side was led by […]
CPEC and the local industry, Chinese firms urged to buy local steel
The fate of the local industry now a day is a question mark for many considering the other side of the CPEC and its impact. President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said that the Chinese firms involved in the CPEC projects should prefer buying steel from the Pakistan’s local […]
Concentration- The Key to Success!
Our world has become busier and busier with more TV Stations, Radio Stations, Websites, E-mails, Mobile Phones and other forms of interruptions in the daily life. We become overwhelmed with new ways of simplifying life, but in reality the so called time saving devises end up chewing up more and more of our time. End […]
Port Qasim: First coal terminal established
Prime Minister Shahid Khaqan Abbasi inaugurated Pakistan’s first coal, clinker and cement terminal at Port Qasim established by the sponsors of Marine Group. The project has been completed this year and succeeded to berth 12 coal ships at the terminal since beginning of operations. The company has invested around $285 million in the establishment of the county’s […]
Five mega road projects okayed by CDWP
The meeting of Central Development Working Party (CDWP), chaired by deputy chairman Sartaj Aziz, has approved five mega road projects in Punjab for socio-economic development of the province. Projects include: 1. Construction of a four lane Bridge across River Indus linking Layyah with Taunsa including two- lane approach roads and training works (24.272 km) is […]
CPEC: Balochistan to have Four new highways
Four new highways would be constructed in Balochistan that would link far-flung areas of the province with the rest of the country and help bring about economic revolution under the China-Pakistan Economic Corridor (CPEC). The CPEC Joint Working Group on Transport Infrastructure has approved financial assistance for the construction of these roads. Initially, the decision […]
ABAD elects new team
Association of Builders and Developers of Pakistan (ABAD) unanimously elected a leading builder, Arif Yousuf Jeewa, as Chairman of the for the term of 2017-2018, while Fayyaz Ilyas, Sohail Warind and Altaf Tai were also elected as Senior Vice Chairman, Vice Chairman and Chairman Southern Region of the organization respectively. Sajid Saeed was elected as […]
6,500MW added to system since 2013
National Electric Power Regulatory Authority (Nepra) Chairman Tariq Saddozai told the Senate Standing Committee on Cabinet Secretariat that 6,500MW electricity has been added to the National Grid since 2013. The committee met with Senator Muhammad Talha Mahmood in the chair at the Parliament House. The committee discussed overall working and performance of Nepra and public […]
31 uplift projects approved by CDWP
Central Development Working Party (CDWP) has approved as many as 31 development projects at the cost of Rs360 billion, including 12 mega projects at an estimated cost of Rs342 billion, which have been referred to Executive Committee of National Economic Council (ECNEC) for their final approval. Deputy Chairman Planning Commission Sartaj Aziz chaired the meeting […]