The inauguration of the New Gwadar International Airport, scheduled for September 2023, has been pushed to June 2024. https://twitter.com/iAdnanAamir/status/1705911931217850635 Reports indicate that the delay stems from the late arrival of airport equipment and technology from China to Pakistan, with these goods expected to reach Gwadar by sea later this month. Situated 26 kilometers northeast of...
Pakistan’s Prime Minister Imran Khan is expected to visit Beijing in early February. The visit is aimed at fast-tracking progress on China-Pakistan Economic Corridor (CPEC) projects and further strengthening ties between the two strategic partners. This will be the Pakistan premier’s fourth visit to China after his last visit in October 2019. Chinese President Xi Jinping cancelled all his official...
PM Imran Khan fulfilled his promise to give houses to the poor. Construction of 7572 low cost houses for the poor have been completed at a cost of Rs. 3 billion. According to the details, 6000 houses of 3 marlas have been handed over to the deserving people. Further, 1500 houses will be handed over to the poor next month. Prime Minister Imran Khan said that initially out of Rs 3 billion, Rs 350...
Construction of China-Pakistan Economic Corridor (CPEC) & Special economic zones is a catalyst for Pakistan’s industrialization. Besides, economic growth, people would also see millions of jobs opportunities through industrialization of these Industrial Special Economic Zones. At a meeting of 7th Board of Approvals (BoA) of the Board of Investment (BoI) chaired by the Prime Minister Imran Khan,...
Rawalpindi Ring Road project will be inaugurated by the PM Imran Khan soon, disclosed by Chairman Rawalpindi Development Authority (RDA) Raja Tariq Murtaza. Ring Road project will not only improve economic connectivity and road transport efficiency between the twin cities of Islamabad and Rawalpindi but also usher in a new era of development and prosperity in the region, according to him. Till now,...
The govt of Pakistan is considering giving 3-6 months extension in Prime Minister Imran Khan’s tax amnesty scheme for the construction sector. The scheme is going to expire on tomorrow. According to State Bank of Pakistan, on the back of the government housing package, strong construction momentum drove up cement sales to record levels in Q1 FY21. The deliberations to extend the scheme have...
Pakistan Government has finalized and approved the 'Gwadar Smart City Master Plan' under CPEC plans. The master plan has been prepared by the Chinese state-owned company China Communications Construction Company along with Pakistan’s Minister of Planning and Development, and Gwadar Development Authority. According to reports, Gwadar’s economic output is expected to exceed $30 billion, while...
The Rashakai SEZ, launched by the Prime Minister Imran Khan in May 2019, is the first CPEC industrial cooperation flagship project. Concession Agreement between KPEZDMC and Chinese developer corporation has been signed in April 2019. Development agreement has been signed on 14th September, 2020. Groundbreaking of the SEZ is planned during the high-level visit of Chinese President to...
The government of Pakistan has reduced interest rate by 90% for low-cost houses, while the banks are providing loans on 5% mark-up for 5 marla houses and 7% for 10 marla houses. For this purpose, the loans are being provided by various banks which have also established special desks named “Mera Pakistan Mera Ghar” to facilitate the customers for availing loans and providing information regarding...
Prime Minister Imran Khan along with Chief Minister Punjab Usman Buzdar would soon perform the ground-breaking of Rawalpindi Ring Road (RRR / R3) project. Chairman Rawalpindi Development Authority (RDA) Tariq Mehmood Murtaza said that an amount of Rs6.2 billion has been released for land acquisition of Rawalpindi Ring Road (R3) project. He expressed these views while addressing the business community at...
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