Port process to be streamlined to realize true transshipment potential of Gwadar
Adviser to the Prime Minister on Commerce Adviser Razak Dawood while chairing a meeting on the country’s transhipment potential at the Ministry of Commerce observed that port charges and inefficiencies which result in increased time for cargo handling are impeding Gwadar from realizing its true transshipment potential. He said that the government can play the […]
Rs200b raised through Energy Sukuk
For the first time the government has raised Shariah-compliant debt worth close to Rs200 billion through competitive bidding at the Pakistan Stock Exchange (PSX). Power Energy Sukuk-II of Rs200 billion is heavily oversubscribed by an amount of Rs139 billion (70 percent) at a rate of six months KIBOR minus 0.10 percent. Unlike the Sukuk issuance […]
Diamer Bhasha Dam | Machinery and Contractors reached at site
Minister for Water Resources Faisal Vawda while Addressing a joint press conference with Chinese Ambassador Yao Jing and Wapda Chairman Lt. General Muzammil Hussain (retired) said the contractors and machinery had reached Chilas city in Gilgit-Baltistan to formally begin construction work on Rs1.4 trillion Diamer-Basha dam. This is the second mega project started within a […]
CDWP approved seven projects
The Planning Commission Deputy Chairman Jehanzeb Khan chaired a session at Central Development Working Party (CDWP) for the approval and discussion of seven projects with estimated cost of Rs 41.34 billion. Officials of various federal ministries has attended the meeting while the representatives of provincial governments linked through video link. The approval of six projects […]