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Salman

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  Master plan for Gwadar smart port city to be finalized soon
Posted by: Salman - 08-09-2017 03:02 PM - No Replies



ISLAMABAD: The master plan for making Gwadar as a smart port city is being prepared on fast track and would be finalized soon, official sources in planning commission said.

Talking to APP, the sources said that under the master plan Gwadar would be transformed into a port of international standards and a smart, sustainable city that can drive local, national and regional growth in the coming decades.

They said the development of Gwadar is a strategic priority for the Government of Pakistan.

"The commercial, political, socio-economic, defense and regional connectivity related benefits that can be realized once the port (and the city) reaches its full potential make it imperative to develop the area without any further delay", they said.

Lying at the mouth of the Persian Gulf, Gwadar is a strategic warm water deep sea port developed by the GoP with assistance from the People's Republic of China.

Inaugurated in 2007, the port is ideally located to serve the shipping lanes coming in and out of the Persian Gulf via the choke- point of the Strait of Hormuz.

According to the plan, the city around a port would be planned carefully in order to lay the foundation of a sustainable regional economy, drive local business and increase port throughput.

With the inclusion of the port in the China Pakistan Economic Corridor project (CPEC), there is an urgent need to update the existing city plans to reflect the new strategic direction.

It is pertinent to mention here that the CPEC is already in the early stages of execution and comprises of a comprehensive package of motorways/expressways, national and urban railways, high- speed fibre-optic connectivity and associated urban and social infrastructure, stretching from Kashgar (in China) to Gwadar (in Pakistan).

Under the plans for the corridor, it is envisaged that the port would be declared a `free' port (to facilitate trans-shipment) and the city would be declared a `Special Economic Zone', in order to spur trade and investment.

In addition, the confluence of physical, social and intellectual capital with Information and Communications Technology (ICT) infrastructure will be integral to the revised plan, in order to ensure that Gwadar City is developed along the lines of an integrated `Smart' port city - a city that would leverage information technology-based solutions to boost the economic productivity and quality of life of its citizens, whilst minimizing resource consumption and pollution.

Tags:

Gwadar News, Gwadar News updates, Gwadar Info Channel, Gwadar Location, Gwadar Master Plan, Gwadar Future, Gwadar CPEC.

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  Nawaz Disqualification Will Not Affect CPEC,China
Posted by: Salman - 07-29-2017 05:41 PM - No Replies


Nawaz Sharif's disqualification as Prime Minister is Pakistan's "internal affair" and will not impact the China-Pakistan Economic Corridor (CPEC) project, an official has said here.

Chinese Foreign Ministry spokesperson Lu Kang said in a press briefing on Friday that the Pakistani Supreme Court verdict on the Panama Papers case is not going to affect bilateral ties between the two countries.

"We believe that the China-Pakistan strategic cooperative partnership will not be affected by the change of the situation inside Pakistan. China stands ready to work with Pakistan to continue jointly building the One Belt and One Road," Lu was quoted as saying by the News International newspaper.

The CPEC is a flagship project of China's Belt and Road initiative. Beijing also calls the Bangladesh-China-India-Myanmar corridor as part of the ambitious design. The 3,000 km, over $50 billion CPEC corridor stretches from Kashgar in western China to Gwadar port in Pakistan on the Arabian sea.

Along the way, China is funding and building several mega infrastructure projects, including road and railway networks, and power plants. According to estimates, over 30,000 Pakistanis are working on the corridor project.

"As a friendly neighbour, China hopes that all parties and sections in Pakistan can prioritise state and national interests, properly deal with their domestic affairs, maintain unity, stability, and keep focusing on the economic and social development," the Chinese Foreign Ministry spokesperson said.

The all-weather friendship between China and Pakistanhas withstood the test of times, Lu added.

Nawaz Sharif resigned on Friday after the Supreme Court, accusing him of dishonesty, disqualified him from holding the post following a probe that exposed illegal family wealth stashed abroad.

A five-judge bench unanimously disqualified Sharif from his post after an investigative panel linked his grown up children to offshore companies, showing that their wealth was far above their legitimate earnings.

 

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  DHA Fairways Commercial Plazas Ceremoney held
Posted by: Salman - 07-24-2017 03:21 PM - No Replies

LAHORE: An impressive groundbreaking ceremony of Fairways Commercial Plazas was held on July 21, 2017, in Defence Raya Golf and Country Club DHA Lahore Phase-6. DHA Administrator Brig Zafar Yasin Babar graced the occasion as the chief guest.

In his speech, the DHA administrator said that Defence Raya Golf Resort; a joint venture between DHA Lahore and BRDB-Malaysia, is an iconic integrated development which is strategically located and spans over 400 acres of lush landscaped greens featuring an international standard 18-hole golf course in Phase-6 DHA-Lahore also comprising a premium lifestyle golf and country club, exclusive golf view villas and Fairways Commercial Centre.

The Fairways Commercial Centre is an integrated commercial centre comprising of 7-Level Shop/Office Plazas with a Grand Piazza in a safe and secure environment. The convenience of a basement car park, shop front parking and wide pedestrian walk-ways are specially designed to ensure that an investment in Fairways Commercial Centre is of enduring value.

Stylish and contemporary, Fairways Commercial Plazas are designed to elevate the shopping experience with inspiring retail styles and a selection of fine food outlets. Attractively designed with a 12-Kanal Grand Piazza that centrally located on the boulevard, Fairways Commercial Plazas are strategically placed to maximise visibility from the main roads and the piazza. The Grand Piazza is a unique addition to a commercial hub in a world of conveniences.

Defence Raya Golf Resort is set to offer one of the country’s most complete shopping and commercial experiences. The infrastructure of the shopping outlets was creatively built for both investors and tenants infusing large spaces and generous facilities along with ample parking facilities.  Fairways Commercial Plazas are designed and efficiently planned to provide a fulfilling retail therapy like no other and a uniquely enjoyable experience to shoppers and visitors alike.

Zafar Yasin Babar further added that “DHA Lahore and BRDB Malaysia have started many joint ventures of international standard.” He remarked that he was engrained by the wonderful efforts of BRDB Malaysia in achieving and maintaining high standards of construction.

A large number of dignitaries, renowned business firms, real estate developers and dealers, and officials of DHA Lahore and BRDB have also attended the ceremonial occasion.

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  Pakistan Joins trillion-dollar Economies Club By 25th Ranked In The World
Posted by: Salman - 07-20-2017 02:06 PM - No Replies

Pakistan joins trillion-dollar economies club as its gross domestic product (#GDP) based on purchasing-power-parity (PPP) just crossed $1 trillion. By PPP ranking, Pakistan is now 25th largest economy in the world.

According to World Data Atlas, Pakistan’s GDP PPP in 2017 is $1,060 billion, with an year-on-year growth of 7.32%. This is the highest-ever increase in a decade.

Over the last 20 years, GDP based on PPP of Pakistan grew substantially from $313.7 billion in 1997 to $1,060.75 billion in international dollars rising at an increasing annual rate that reached 7.32% in 2017, according to World Data Atlas’s new ranking.

According to economists, GDP purchasing-power-parity compares different countries’ currencies through a market ‘basket of goods’ approach. Two currencies are in PPP when a market basket of goods (taking into account the exchange rate) is priced the same in both countries. For example, what goods 10 dollars can buy in the US, in the UK, or in Pakistan. Or, how much does a McDonald’s burger cost in the US versus its price in Pakistan?

This exclusive story first appeared in The News on 17 July. It was later carried by other media.

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  Gwadar Would Be Made A Modern Port City of International Standard
Posted by: Salman - 07-19-2017 02:15 PM - No Replies

Minister for Planning and Development Ahsan Iqbal has said that Gwadar would be made a modern port city of international standard and a master plan was being prepared for the purpose.
A number of development projects were underway there which would change the fate of the area as well as of the region, he said talking to a private news channel. He said educational institutions were being set up including schools and a world class university to provide best education facilities.
A project to provide clean drinking water has been launched while an electricity generation project had also been started, he said. The minister said a state-of-the-art hospital was also being established to provide modern health facilities to the people.
Gwadar was a small town in 2013 which was now changing in a fast growing and developing city, he added. Ahsan Iqbal said economic activities were increasing day by day in the port city and pace of speedy progress would further increase in the future. He said Pakistan was enjoying deep rooted relations with China and huge investment under China-Pakistan Economic Corridor (CPEC) was its evidence.

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  Lahore High Court On Monday stayed Demolition
Posted by: Salman - 07-19-2017 01:52 PM - No Replies

LAHORE: The Lahore High Court on Monday stayed demolition of many houses, some located in posh Bahria Town, for widening of Ring Road project.

A division bench headed by Justice Shahid Karim and Justice Sajid Mehmood Sethi took up the appeal filed by the aggrieved residents of Bahria Town. The bench issued notices to the Punjab government and sought reply on the next hearing, July 24.

Earlier, a single bench comprised of Justice Amin-ud-Din Khan dismissed petitions of Bahria Town and its residents challenging construction of Ring Road project in their area. On previous hearing, Advocate Hamayun Faiz Rasool and others appeared on behalf of Advocate Azhar Siddique who could not come up after falling ill, and requested the court to adjourn the hearing for Monday. The government’s lawyer and lawyer of Ring Road authority had already completed their arguments. After hearing the parties, Justice Khan dismissed the petitions.

On Monday, Commissioner Abdullah Sumbal, additional advocate general Shan Gull and Samia Khalid appeared before the court and raised their concerns that Justice Karim should not hear this case as he remained part of the full bench. The law officers also requested the bench to dismiss the appeal saying that single bench’s written judgment was not issued yet.

Commissioner Abdullah Sumbal while answering a query about possible destruction of houses said that the houses would be demolished after consent of the town and house of anybody would not be demolished forcibly. The appellants said that in 2008, the
government issued notices under Section 4 of Land Acquisition Act for southern loop of Ring Road Authority. They said the government removed Section 5-A and Section 5 under which they had the right to file objection against acquisition of land. This removal was unconstitutional, they said. In 2015, the government acquired their land under Section 15 (4) of the Act and did not give them the right to objection, the petitioners said.

The petitioners’ counsel had argued that the law under which the government was acquiring land was challenged before the high court and a full bench of the LHC was hearing the matter. The government authorities, he said, were acquiring people's land like any emperors and denying compensation to the victims.

After hearing both sides, the bench stayed construction of the project and sought reply from the government.

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  Chinese Company Contracted To Build Pakistan Largest Airport
Posted by: Salman - 07-13-2017 04:38 PM - No Replies

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  LDA Approved Rs57.96 Billion Annual Budget
Posted by: Salman - 07-11-2017 02:55 PM - No Replies



The Lahore Development Authority’s (LDA) governing body on Monday approved Rs57.96 billion annual budget for the authority and its subordinate agencies—the Water and Sanitation Agency (WASA) and the Traffic Engineering and Transport Planning Agency (TEPA) for the fiscal year 2017-18.

LDA governing body member Khawaja Ahmad Hassan chaired the budget meeting which was attended by MPAs Bao Muhammad Akhtar, Rana Muhammad Arshad, Arif Khan Sandheela, Housing secretary, Khurram Agha, LDA Director General Zahid Akhtar Zaman, WASA Managing Director Sayed Zahid Aziz, additional director generals Samia Saleem, Zeeshan Shabbir Rana, Muhammad Khizar Afzal, LDA Chief Engineer Asrar Saeed, TEPA Chief Engineer Saifur Rehman and others.

The total resources of the LDA, WASA and TEPA have been estimated as Rs 57.96 billion, out of which Rs 37.55 billion has been earmarked for development works in Lahore, Sheikhupura, Nankana Sahib and Kasur.

According to the approved budget, the LDA (Urban Development Wing) will get Rs38.6 billion. This amount includes the development expenditure of Rs 28.58 billion which includes Rs 13.51 billion through LDA’s own sources, Rs 14.64 billion to be provided by the Punjab government for executing various development projects under Annual Development Programme and deposit works, and Rs 540 million through LDA’s own sources for carrying out exclusive development schemes in three districts Sheikupura, Nankana Sahib and Kasur.

An amount of Rs 4.49 billion has been allocated through LDA’s own sources for carrying out development works in the LDA housing schemes. This includes Rs 1 billion for LDA Avenue-I, Rs 390 million for the construction of road network, water supply, and sewerage at Finance and Trade Centre, Johar Town, Rs two billion for LDA city, and Rs 1 billion as lump sum provision for the development projects in different the LDA housing schemes.

These projects will include construction of an underpass at a railway crossing near Gurumangat Road, Gulberg, remodeling of junctions and U-turns at Moulana Shoukat Ali Road, Khayaban-e-Firdousi Khyban-e-Jinnah along with other development schemes.

A sum of Rs1.40 billion has been allocated for construction of different buildings including Rs. 800 million for the construction of a new LDA office building at Johar Town, Rs 100 million for office at LDA Avenue-I and Rs 150 million for additional construction work at Park & Shop Plaza, Moon Market, Allama Iqbal Town.

An amount of Rs 6.08 billion has been allocated for kicking off new projects in the provincial metropolis. An amount of Rs 2 billion has been reserved for the construction of Twin Towers Project at Jail Road; Rs 100 million for the construction of an underpass at Shahkam Chowk Defence Road. LDA’s contributions for carrying out these projects lie under the public-private partnership mode on a cost-sharing basis.

The subordinate agency, WASA, is excepting total receipts of Rs 14.93 billion in the financial year 2017-18, while the estimated expenditure is Rs 15 billion, including Rs 5.22 billion for development schemes.

WASA will spend a sum of Rs 3 billion for the on-going development schemes.

The other subordinate agency, TEPA, will have a total of Rs 4.42 billion at its disposal whereas its expenditure has been estimated at Rs 4.17 billion, including development works costing Rs 3.81 billion.

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  750 Chinese Companies Operating In Pakistan
Posted by: Salman - 07-08-2017 02:40 PM - No Replies


In the power sector, there is the China Dongfang Electric Corp, the Central China Power Group Intl, the China Gezhouba Group, China National Electric, the China Zhongyuan Engineering Group, and the National China International Electric Power Corp.

A large portion of the 750 Chinese companies operating in Pakistan have not provided any description of the industry they serve or the projects they are working on.

However, some interesting data they shared with me was the number of locally registered companies with Chinese nationals as directors: 667 in total.

The breakup of industries in which these companies are operating is given below. Sectors in which there are four or less companies involved have been omitted.

Of the 667 companies, 77 are involved in import and export. No further details were provided as to the nature of the goods being moved. Another 75 are involved in trading, 63 companies are involved in construction, 53 in mining and quarrying, 34 are working on power generation, 22 in engineering, 15 in alternate energy, and 13 in fuel and energy.

There are a combined 41 entities involved in communications and telecommunications. The difference between these two categories was unspecified.

There are seven companies each in the following sectors: transport, food and beverages, steel, pharmaceuticals, healthcare and agricultural farming.

Forty-four companies provide consultancy services, whereas 10 are involved in Information Technology. There are six companies engaged in real estate development and five in oil and gas exploration. At the same time, 16 are working in textiles, 11 in electrical goods and 12 in automobile accessories and parts. And a combined 17 companies work in minerals and chemicals.

Of the companies listed, 337 have their registered offices in Islamabad, followed by 153 in Lahore. Karachi is third with 104, followed by 17 in Faisalabad, 16 in Multan and seven in Peshawar.

A surprising omission is Sialkot.

As far as personnel are concerned, there are reportedly 10,000 Chinese people in the Punjab. While the Ministry of Interior is sure to have more precise numbers, they are tightlipped and unwilling to offer any pertinent information. Most of these 10,000 Chinese visitors are not only consultants and experts, but regular office staff, at the junior, mid and senior levels. The preferred mode of business is outsourcing to locals.

The most telling aspect in writing this piece was the realisation that all data related to Chinese businesses in Pakistan is either not consolidated in one place, or is incomplete. This lends credence to the suspicion harboured among many that the government is not being transparent in its dealings with China, not just under the CPEC umbrella but otherwise as well. At the very least, government institutions such as the SECP, the Board of Investment and the Planning Commission should be forthcoming in sharing their details, as this will go a long way in allaying public concerns.

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  Grand Avenue Lahore Residential Plots For Sale 24 Sep 2016
Posted by: Salman - 09-24-2016 12:51 PM - No Replies

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