One week before govt exit ECNEC approved projects worth Rs775bn
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC), almost a week before transfer of power to a caretaker set-up, approved nine development projects worth Rs775 billion. The ECNEC meeting, presided over by Prime Minister Shahid Khagan Abbasi, approved revised costs of two major water sector projects worth Rs523.47bn. It approved fourth revised PC-1 […]
Dubai Expo 2020: Pakistan’s pavilion theme is ‘Emerging Pakistan’
After the 2nd meeting of the Steering Committee on Expo 2020, Dubai, held on April 30, 2018, a summary was moved to the Prime Minister’s Office which approved the following proposals of Ministry of Commerce, to proceed further for the Pakistan’s participation in the Expo 2020 Dubai: (i) the theme of “Emerging Pakistan” shall be […]
PC-1 cost of Diamer-Bhasha Dam may rise to Rs31bn
ISLAMABAD: The Senate Standing Committee on Planning, Development and Reform met with Agha Shahzaib Khan Durrani in the chair. The parliamentary panel has been informed that the PC-1 cost of Diamer-Bhasha Dam is expected to increase by Rs31 billion. The officials of the Water and Power Divisions informed the committee that the cost of land […]
Descon holds CEO communications sessions
LAHORE: Descon Engineering, a premier EPC company in Pakistan conducted their biannual CEO communications sessions to further their foundation of trust and open communication. These sessions were carried out across all Descon operations in Pakistan and overseas. Carried out in March & May, the event was opened by Ahsan Qureshi, CHRO who further passed it […]
Groundwork for Pakistan’s first iron-ore steel mill finalized
For building the country`s first ever local iron-ore steel mill at Chiniot, the planning work, including the financial model has been finalised and the government is ready for holding a road show for international and local investors. This is revealed by Mines Secretary Dr Arshad Mahmood, who is also the head of the Punjab Mineral […]
Construction machinery: CAP urges govt to reduce import duty to 2pc
LAHORE: Constructors Association of Pakistan (CAP) has urged the government to curtail import duty on major Off-highway construction machinery and equipment and bring it down to 2%, as allowed to the agriculture sector. The total duties and taxes on construction machinery range from 31% to 46%, which adds to the already high priced items specially […]