June 10, 2021

NHA likely To Award Sialkot-Kharian Motorway Contract to FWO, SMC

The National Highways Authority (NHA) awarded the 69-kilometer Sialkot-Kharian Motorway (M-12) project to a collaboration of Frontier Works Organization (FWO) and SMC Private Limited on Tuesday.   The NHA executive board will meet on ...
June 8, 2021

ECNEC Approves 12 Projects Worth Rs.327bln

The Executive Committee of the National Economic Council (ECNEC) authorized 12 development projects totaling Rs326.703 billion on Friday, with directives to reduce the cost of Pak University of Engineering and Emerging Technologies (PUEET).   ...
June 7, 2021

Pakistan Rolls Out Plans To Tap Global Green Financing Avenues

The federal government on Thursday said it has initiated work on a number of green financing instruments, buoyed by widespread global investor interest in Pakistan’s first green bond floated in the international market last week.   ...
June 4, 2021

Record Rs156bn Budget Approved For CDA

Islamabad: The Capital Development Authority (CDA) approved a record budget of Rs156 billion for non-development and development expenditures for the fiscal year 2021-22 on Wednesday.   The CDA board, which met at the CDA ...
June 3, 2021

Gwadar Port, Free Zone To Generate $10 bn Economic Activity

CPEC Authority Chairman Lt-Gen (retd) Asim Saleem Bajwa said on Monday, the Gwadar Port and Gwadar Free Zone, once fully operational, would create roughly $10 billion in economic activity each year.   “A lot ...
June 2, 2021

FBR Surpasses May Collection Target By 8pc

Islamabad: The Federal Board of Revenue (FBR) exceeded its collection target by 7.82 percent in May, reaching Rs386 billion, the third-highest collection in the second half of the current fiscal year (FY21), according to ...
June 1, 2021

CDA to complete PWD Underpass In July

On Monday, the Capital Development Authority (CDA) directed the completion of two ongoing development projects on the Islamabad Expressway.   Work on the PWD underpass and the extension of the Korang bridge is now ...
May 31, 2021

PDWP Approves Various Development Schemes

Lahore: The Punjab Provincial Development Working Party (PDWP) has approved eight development schemes of various sectors at an estimated cost of Rs. 26,006.72 million. These projects were recognized in the 39th meeting of the ...
May 29, 2021

The ECNEC Has Approved The Sukkur-Hyderabad Motorway And Other Projects

According to press reports, the Executive Committee of the National Economic Council (ECNEC) approved ten development projects totaling PKR 361.5 billion on Wednesday, including the 306-kilometer Hyderabad-Sukkur Motorway (M6).   Finance Minister Shaukat Tarin ...
May 27, 2021

The LDA Develops Strategies To Address Traffic Issues

Lahore: To address the increasing traffic challenges in the provincial capital, the Lahore Development Authority (LDA) has proposed various new development projects.   Commissioner Lahore Capt (retd) Muhammad Usman conducted a meeting in this ...