A Riyadh-based engineering and construction firm has signed an investment agreement in a $12 billion real estate project in the eastern city of Lahore with a Pakistani business consortium. An MOU between Sarh Attqnia Company (SAC) and the Pakistani party, Javedan Corporation, was signed in Karachi on Sunday for the construction and development of the first phase of upcoming ‘Ravi City’ project to be...
Prime Minister Imran Khan would inaugurate the Leh Nullah Expressway Project in Dec this year. Referring to the Leh Nullah Expressway project, the Commissioner Rawalpindi directed various stakeholders to resolve their issues, remove bottlenecks and obstacles being faced during designing and implementation of the project. Commissioner Rawalpindi Division, Syed Gulzar Hussain Shah has directed the...
Punjab Planning and Development Board (PPDB) has given the green signal to start land acquisition for the revised project of Rawalpindi Ring Road and approved the PC-I worth Rs6.7 billion. Land worth Rs380 million had been acquired for the Ring Road project in Rawalpindi district, however, following reports of corruption the land acquisition was cancelled. However, the district administration is yet...
Parliamentary Secretary for Interior Shaukat Ali on Friday informed the National Assembly on Friday that the Metro Bus Project from Peshawar Morr (Kashmir Highway) to the New International Islamabad Airport would be made operational by March 23, next year. During question hour in the Lower House, Shaukat Ali said the tender had already been floated for the procurement of buses and hoped that the...
Interior Minister, Sheikh Rasheed Ahmed said that the Islamabad's new sector F-13 will be inaugurated on 23 March and that it will have flats for the people from the labor class. Sheikh Rasheed visited the apex civic authority and gave a number of directives to the city managers regarding the launch of the F-13 sector, the construction of the 7th Avenue interchange, the reconstruction of IJP road, and...
Federal government considered the much awaited infrastructure projects of the city of lights worth Rs739 billion titled Karachi Transformation Plan to be financed through public-private partnership (PPP). The Central Development Working Party (CDWP) granted its go ahead for undertaking the Karachi Transformation Plan (KTP) at an estimated cost of Rs739 billion that would be financed through the Public...
Pakistani ambassador to Germany, Dr Mohammad Faisal, said on Tuesday he had met Dieter Mettke from the multinational IKEA conglomerate who was en route to Pakistan to start IKEA operations there. “Met Dieter Mettke @IKEA_Deutchland. He is going to #Pakistan to be Incharge of #ikea operations,” Ambassador Faisal said on Twitter. “We look forward to #ikea opening up stores in major cities of...
Lebanese Consortium, Darul Handsa, has been selected after evaluation of the technical proposal submitted by the three companies for preparation of new Master Plan 2050 for Lahore, the provincial capital. Lahore Development Authority Director-General Ahmed Aziz Tarar chaired a meeting of the consultant committee to finalise who will be selected. A financial bid of Rs520 million for the qualifying...
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