ECNEC considered and approved the revised Hyderabad–Sukkur Motorway project on Build Operate Transfer (BOT) basis at a cost of Rs19.1 billion. The project will be executed by the National Highway Authority (NHA) and envisages the construction of a 306 km long, six lane, divided and fenced road between the two...
Capital Administration (CDA) had announced plans to launch a system for online property verification in Islamabad. With the launch of this system, people will now be able to verify the authenticity of any real estate project from the office of Deputy Commissioner (DC) Islamabad before investing their hard-earned money in it. https://www.cda.gov.pk/ “From now onwards, anyone who wants to buy...
The National Highways Authority (NHA) Executive Board has reviewed its earlier decision and approved three mega road projects including Hyderabad-Sukkur Motorway (M-6), a critical component of the China-Pakistan Economic Corridor (CPEC) on Public Private Partnership (PPP) mode with an upfront government support in the form of Viability Gap Funding (VGF), Business Recorder informed. For this purpose,...
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,...
The Supreme Court directed the relevant authorities to end illegal occupation of state property across Sindh including Karachi. It further issued orders for the restoration of green belts, removal of encroachments from parks and playgrounds and ending the illegal occupation of land owned by the forest and irrigation departments across the province. The directive from a three-member bench headed by...
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...
Karachi commissioner Navid Ahmed Shaikh oversaw on Tuesday the sealing of Tejori Heights- an under construction building being erected on a piece of land claimed by the Pakistan Railways and allocated for the Karachi Circular Railway (KCR) in Gulshan-e-Iqbal- bringing its construction to a halt. The move came following a Supreme Court order issued earlier this week. The bench had directed the builder of...
CJP Gulzar Ahmed observed that removal of encroachments from government lands was the responsibility of the Revenue department and said the whole of Karachi had been developed on encroached government land. The court observed that high rises have been constructed on encroached government lands at the Super Highway ahead of the University Road where boundary walls have been raised by...
The Economic Coordination Committee (ECC) of the Cabinet on Thursday “endorsed” Rs739 billion Karachi Transformation Plan (KTP) and allowed revision in the Master Plan for five terminals at Port Qasim. The meeting of the ECC presided over by Finance Minister Dr Abdul Hafeez Shaikh. ECC discussed the plan thoroughly and endorsed, in principle, with the direction to secure approval from all...
Bilawal Bhutto has laid the foundation stone of 6 lane Malir Expressway, Karachi. Malir Expressway is 38.75 KMs long expressway at a cost of Rs 27.5 Billion. It is the biggest public private partnership project of Pakistan which has been conceived & now being implementing by Sindh Govt. https://www.youtube.com/watch?v=V-UpxOmC5BA Chief Minister Murad Ali Shah said the project that is being...
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