ML-1 Project to be executed on priority basis

Pakistan and China have reaffirmed their will to execute the ML-1 Pakistan Railway Up-gradation Project on priority basis.This was declared during a recent meeting to follow up on the decisions taken during the recent visit of the Prime minister to China. The meeting was held virtually between the CPEC Authority and the National Development and […]

PAEC lobbying for PPA similar to Chashma power plants

Pakistan Atomic Energy Commission (PAEC) is demanding a Power Purchase Agreement (PPA) similar to the ones executed with Chashma series Nuclear Power Plants (NPPs).Accrording to sources PAEC has approached Power Division to influence National Transmission and Despatch Company (NTDC) into signing a bilateral PPA with K-2 in line with the existing practices of Chashma NPPsPreviously […]

Chinese insurance company unwilling to initiate any more projects in Pakistan

The second phase of China-Pakistan Economic Corridor (CPEC) has been hit with huge delays and impediments due to the non-payment of dues by the government.The latest project affected by this is the 300MW coal-fired Gwadar power project. Reportedly the Chinese loan insurance company M/s Sinosure has stated that it is unwilling to cover governmental breach […]

Rs 270 billion investment approved for the Karachi Circular railway by ECNEC

A meeting held under the supervision of minister of finance Shaukat Tareen, took up a number of important summaries to be observed upon which were put forward by the ministry of planning, development and special initiatives. The executive committee of national economic council (ECNEC) gave the permission for a 270 billion rupees investment for developmental […]