Pakistan Railway to use locally manufactured parts

Federal Minister for Railways Sheikh Rasheed Ahmed while addressing the Gala Dinner of Pakistan Auto Parts Show (PAPS) 2019 announced that Pakistan Railway will use now use locally manufactured parts to boost the local business. He said that with 70 million commuters, Pakistan Railways can be a huge market for auto parts makers and invited […]

Chinese company offers solution for PM’s low cost housing Scheme

A delegation of Chinese construction giant China Silk Road Group Ltd., called on Prime Minister Imran Khan at PM Office Islamabad.The Chairman of company Yan Lijin was leading the delegation. He showed keen interest in the Prime minister’s Naya Pakistan Housing Project which envisages low cost housing for the low income community of Pakistan. The […]

Projects worth Rs. 240Bn approved by CDWP

The meeting of Central Development Working Party (CDWP) presided over by Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has cleared a total of four development projects costing about Rs210 billion. Under the current financial powers, the CDWP can approve projects costing no more than Rs3bn while the projects of higher estimated costs […]

“Economy on a roller coaster-and stuck in the mud” Dr. Kaiser Bangali

Renowned economist Dr Kaiser Bengali while commenting on the economy of Pakistan has said that Pakistan has become a ‘casino economy’. He was addressing the launching ceremony of his report “Economy on a roller coaster-and stuck in the mud.” Dr. Bengali has previously served as the first head of Benazir Income Support Programme and designed […]

Karachi BRT cost escalates to Rs77.597bn

According to official documents, the cost of Bus Rapid Transit (BRT) Red Line project in Karachi has increased by Rs12Bn within one year. It is now expected to cost Rs77.597bn in contrast to the previous estimate of Rs65.589 billion. Central Development Working Party (CDWP) has approved the project on technical grounds and forwarded to Ecnec […]