China - Pakistan Economic Corridor - CPEC

Please, Log in or Register to view URLs content!

and to be Complementary Ports and not compete against each other. Connecting Gwadar and Chabahar Ports will serve Regional and International Community: Iranian Foreign Minister

Please, Log in or Register to view URLs content!

The transit market is becoming overly competitive in Pakistan with new companies offering more comfort and facilities opening at a fast pace all over the world. Al Halal Travels, a new Bus Terminal, in Faisalabad, built at an estimated cost of Rs.500 million, is an interesting new addition to this burgeoning expanding market in Pakistan.

This newly constructed terminal, with international standard facilities, is located at the main Sargodha. Three bus companies – Faisal Motors, Shuja Motors and Silk Line – are offering services from this terminal.

Please, Log in or Register to view URLs content!

Pakistan approved the construction of Diamer-Basha Dam at an initial estimated cost of Rs625 billion. It will mostly be funded through local resources to help the country build the reservoir.

The Central Development Working Party (CDWP) cleared the project for the final approval of Executive Committee of National Economic Council (ECNEC), according to the Ministry of Planning and Development. Headed by Planning Commission Deputy Chairman Sartaj Aziz, the CDWP also cleared the Rs303 billion Mohmand Dam Hydro power Project for the final approval of the ECNEC.

With a cumulative cost of Rs928 billion, these projects will help the country address two serious issues – water shortage and power generation. The Mohmand Dam project will have power generation capacity of 800 megawatts. Diamer-Basha Dam project is only being built as a water reservoir for now, as the government initially excluded the power generation component, which would cost another Rs744 billion.

The total cumulative cost of Diamer-Basha Dam will be minimum Rs1.4 trillion once power generation facilities are accounted for.

This is very big decision and the government will fund the dam by providing money from the budget, while the Water and Power Development Authority will arrange commercial financing, Aziz told The Express Tribune. He said that under the new Water Policy, the Planning Commission has recommended enhancing the water sector allocations and the funds required for the construction of the dam can easily be provided.

The government will be required to provide around Rs48 billion per annum for the construction of the dam.

The federal government will provide Rs370.2 billion from the budget in a grant, which will cover 57% of the cost. Wapda will raise Rs115.9 billion from its own sources as an equity investment, and the authorities will borrow Rs163.3 billion in commercial loans, according to the project document.

Out of the total Rs625 billion total cost, which includes interest during construction, the local rupee component is Rs472 billion and Rs153.2 billion is the foreign exchange component to be arranged from abroad. The project will be completed in five years.

An amount of Rs138 billion has been separately approved for land acquisition and resettlement. Most of this work has already been done and the government has spent Rs58.3 billion on land acquisition. An amount of Rs53.5 billion has additionally been approved for resettlement.

An amount of Rs269 billion has been approved for civil works. The Karakorum Highway (KKH) relocation will cost Rs56.9 billion.

The Council of Common Interests –the highest constitutional body dealing with Centre and provinces issues, unanimously approved the Diamer-Basha Dam project in July 2010.

The project has been divided into two parts to reduce the size of the project and financing requirements after World Bank, Asian Development Bank and China refused to fund the project. Pakistan has been struggling to raise money from international institutions amid Indian opposition to the project.

In order to facilitate early implementation of the project, WAPDA has been entrusted to have overall control and implementation responsibility of the project. The WAPDA will be responsible for dam construction and the National Highway Authority has been tasked to relocate parts of the Karakoram Highway that will submerge in the water.

The project will contribute to the alleviation of acute water shortages in the Indus Basin Irrigation System caused by progressive siltation of existing reserves. After the completion of the dam, the storage capability of Pakistan will increase from 30 days to 48 days.

The powerhouse, when completed, is expected to add 4,500 megawatts of electricity generation capacity.

Pakistan has not built any major water reservoir since Tarbela Dam and Mangla Dam were built in the 1960s.

Please, Log in or Register to view URLs content!

DFSK gonna launch SUV in Pakistan Glory S80 in a month period time.... - ...

Please, Log in or Register to view URLs content!

: 392 Km - Motorway M-5 under construction It is part of 1512 Km - Motorway PKM....

From Sukkur to Sadiq Abad - Multan to Uch Sharif (250 km).... 4 out of 7 sections will be open for traffic in June 2018....

Please, Log in or Register to view URLs content!

81 Km construction under progress at sher interchange on 155 Km - Motorway M1...A project by Govt...

China - Pak Economic Corridor - CPEC

Under the CPEC, the projects are being carried out fast and 10,400 MW will be included in the National Grid.

The 1320 MW from Port Qasim plant in Karachi will be included in the National Grid by the end of this month.

The first unit of Port Qasim Power Plant has been included in the National Grid 660 MW, while the second unit will start working in the last week of the current month.

Sahiwal Coal Power Plant and Port Qasim Power Plant are the main projects in Early Harvest Energy projects under CPEC.

Port Qasim Power Plant is completed in 30 months, it has been utilized by the world's super technology, providing environmentally friendly electricity.

Over 3,500 Pakistani workers have worked on this power plant and now more than 120 technical and mechanical engineers are working in it. This number is expected to reach 450.

Pakistani technical and mechanical engineers are trained first in Pakistan, and then they went to China for training.

Such big investment from China in CPEC has attracted international world investors to invest in Pakistan.

These projects under CPEC will help in controlling energy crisis in Pakistan and will further increase the industrial sector of Pakistan.

With ongoing projects under CPEC, not only create thousands of Jobs & new opportunities in the industrial sector, which will enable the country's young class to have the opportunity to use.

Please, Log in or Register to view URLs content!

Tractor Production Grew By 50.23% In Seven Months Of Current FY...

Tractors manufacturing in the country witnessed 50.23 percent growth during first seven months of the current financial year as compared the production of the corresponding period of last year.

During the period from July-January, 2017-18, about 39,033 tractors were manufactured locally as compared the manufacturing of 25,983 tractors of the same period of last year, according to the Quantum Index Numbers of Large Scale Manufacturing (LSM) industries released of Pakistan Bureau of Statistics.

According to the data, the overall output of LSMI increased by 6.33 percent for July-January, 2017-18 as compared to same period of last year.The LSMI output increased by 9.44 percent for January 2018 compared to January 2017 and 13.58 % if compared to December 2017.

During the month of January, domestic production of tractors was recorded 6,419 as compared the production of 4,647 tractors of the corresponding month of last year, it added.

Meanwhile, local trucks production during the period under review grew by 22. 62 percent as about 5,378 trucks were assembled in first seven months of the current financial year as compared the assembling of 4,386 trucks of the same period last year.

Local production of trucks was recorded at 854 in the month of January 2018, which stood at 580 trucks in the corresponding month of last year, the data revealed.

During last seven months of the current financial year, local production of jeeps and cars grew by 25.75 percent respectively as about 135,159 jeeps and cars were locally assembled as compared the manufacturing of 108,280 cars and jeeps of the same period of last year, it added.

According to the data, about 1,450,129 motorcycles produced in last seven months of the current financial year as compared the production of 1,423,893 motorcycles of the same period last year.

On month on month basis, 253,076 motorcycles were assembled during January 2018 as compared the production of 234,085 motorcycles of the same period last year, the data revealed.

Please, Log in or Register to view URLs content!

Multan Faisalabad Motorway Under Construction...Girder Launching at Sidhnaye Bridge On M4 Near Abdul Hakim - Kahenwal Section.. - , - .

Please, Log in or Register to view URLs content!

Young Pakistani Mechanical Engineer Working at 1320 MW Port Qasim Coal-fired Power Plant Ist Unit 660MW inaugurated in Nov 2017 by the Prime Minister of Pakistan 2nd Unit 660 MW will be inaugurated soon.