"Capital Smart City: Another master piece from the Capital Smart City launched one of its kind innovative & futuristic development - One Capital Residence." " "Nova City Islamabad has announced Nova City World - Overseas Block for its valuable customers. This state-of-the-art complex will offer luxurious modern amenities. " "Smart City has signed a MoU with Surbana Jorung. This will boast the position of Silicon Valley. " " Surbana Jorung will also design Cultural Village and some other miscellaneous projects" "RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City’s new partnership with Galeria Designs, Raees Fahim, and Faisal Rasul. The future looks bright for Signature Villas!" "Dr Daniel been assigned the task of designing One Capital Residences would surely give birth to an aesthetic giant amidst the twin cities." "Alhamdolillah, with the grace of almighty Allah 2xHybird Double Decker Busses reached safely at Capital Smart City." "Capital Smart City has taken a pivotal step towards water filtration. This the filtration plant of capacity 4.5 Million Gallons per Day (MGD)."
June 12, 2021
Rs87 bn allocated for CPEC projects in next budget

Rs87 bn allocated for CPEC projects in the budget 2021-22

Dispelling the impression of slowing down of CPEC projects, Federal Minister for Planning Asad Umar has said the government has allocated Rs87 billion for the Public Sector Development Program (PSDP) for the next budget 2021-22 for the execution of CPEC projects.


The National Economic Council (NEC) authorized an Rs42 billion Western Alignment budget and an Rs6.2 billion Mainline Budget (ML-1). The government has set aside Rs7 billion in the Special Economic Zones (SEZs) of Rashakai, Dhabeji, Faisalabad, and Bostan for the provision of basic commodities such as utilities and other infrastructure.


“The appetite for making new commitments by Chinese companies is expected to increase, so the financing of ML-1 will now be finalized. The increased circular debt and nonpayment to IPPs had created difficulties which also hindered the ML-1, but now after debt clearing, the Chinese appetite for new investment would improve,” Asad Umar said while briefing newsmen here at the P Block along with CPEC Authority Chairman Lt Gen (retd) Asim Salem Bajwa on Tuesday.


The chairman of the CPEC Authority stated that the Industrial Cooperation Framework was being considered as part of the deliverables for the forthcoming CPEC Joint Cooperation Committee (JCC). The government’s agriculture reform package was communicated with the Chinese side, so collaboration and matchmaking between Pakistani and Chinese enterprises will take place, he added.


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