Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Pakistan to save $5 billion from National Trade Corridor Plan: PSRP-II
01-19-2009, 07:55 AM
Post: #1
Pakistan to save $5 billion from National Trade Corridor Plan: PSRP-II
ISLAMABAD (January 19 2009): Multi-year $6 billion National Trade Corridor would save $1.3 billion annually from trade facilitation, $2 billion from highway modernisation and $450 million from ports improvement, says Poverty Reduction Strategy Papers-II, released by Finance Ministry for soliciting public opinion.

An efficient Pakistan Railways would save $1 billion for the country, which is mostly neglected and lopsided towards passenger traffic than transportation of goods, says the paper. With all measures to improve trade, Finance Ministry plans to achieve $34 billion of export by 2012-13 from $25 billion in 2009-10 after reaching at 22.5 billion of exports in current fiscal year, it said.

While imports staying at $35.8 billion during 2008-09 would be 37.9 billion next year and would be touching 47.9 billion by 2012-13 as GDP growth factor improves gradually over next few years. On the cost side, only road parts goes up to a cost of Rs 147 billion for expansion and construction of about 1585 km of the highway and link roads to National Trade Corridor. NHA would get total Rs 277 billion for its entire highway portfolio during NTC programme.

Road related public revenue collection is about Rs 32.5 billion per year, while the total public expenditure on roads is over Rs 30 billion per year, of which 65 per cent is spent on national highways.

NTC also includes reforms in aviation sector for better utilisation on airports. The government has set up a Trade Facilitation Committee, broad mandate of which includes measures to reduce clearance and dwell times; to develop dryports; to modernise practices relating to trade and transport logistics; to expedite the implementation of reforms in customs and port procedures; and to develop freight forwarding, insurance, and banking in support of trade logistics.

The strategy also covers roads and highways outside the north-south corridor. Two important projects include the development of linkages between the port of Gawadar and the National Trade Corridor, and upgrading the Karakoram Highway to cater for increased traffic with China after the opening of the Gawadar port. The expansion of the Karakoram Highway has already begun.

The functioning of the existing ports need improvement; it has been estimated that the efficient running of ports can save Pakistan $450 million annually.

http://www.brecorder.com/index.php?id=86...=&supDate=
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  IMF Tranche Boosts Pakistan Forex Reserves to $8.27 Billion LRE-Azan 0 97 01-26-2024 03:31 PM
Last Post: LRE-Azan
  CM Naqvi Drives Forward Controlled Access Corridor Band Road Project in Lahore LRE-Azan 0 129 01-24-2024 06:40 PM
Last Post: LRE-Azan
  The China-Pakistan Economic Corridor (CPEC) Achieves Milestones: 36 Projects Worth US LRE-Azan 0 151 01-06-2024 05:23 PM
Last Post: LRE-Azan
  Pakistan Aims to Generate USD 4.5 Billion in FY23-24 from Non-IMF Sources, Says Finan LRE-Azan 0 182 12-18-2023 02:10 PM
Last Post: LRE-Azan
  Pakistan and Kuwait Seal Seven Multi-Billion Dollar Investment Pacts LRE-Azan 0 199 11-30-2023 06:42 PM
Last Post: LRE-Azan
  Pakistan and the UAE Strengthen Ties with Multi-Billion-Dollar MoUs LRE-Azan 0 175 11-29-2023 02:38 PM
Last Post: LRE-Azan
  Pakistan and Kuwait to Agree on $10 Billion Investment Deals LRE-Azan 0 185 11-27-2023 02:15 PM
Last Post: LRE-Azan
  Increase in Profit Rates for National Savings Schemes Announced LRE-Azan 0 221 11-02-2023 06:34 PM
Last Post: LRE-Azan
  Pakistan’s Real Estate sector has $40 billion Investment Potential LRE-Azan 0 265 09-20-2023 07:28 PM
Last Post: LRE-Azan
  Pakistan receives US$2 billion in financial support from Saudi Arabia LRE-Azan 0 594 04-08-2023 02:21 PM
Last Post: LRE-Azan
  Lahore Master Plan News : New city centre in Gulberg a part of master plan-2050 LRE-Azan 0 802 01-16-2023 07:26 PM
Last Post: LRE-Azan
  Naya Pakistan Housing Scheme: PC-1 Ready in 14 Billion LRE-Azan 0 1,195 03-02-2022 06:51 PM
Last Post: LRE-Azan
  Lahore Gulberg to Defence Chowk to be Made 5km Signal Free Corridor LRE-Azan 0 1,147 01-01-2022 06:51 PM
Last Post: LRE-Azan
  Islamabad: The Return on Investment in National Savings Schemes has Increased LRE-Azan 0 1,202 12-11-2021 07:54 PM
Last Post: LRE-Azan
  CPEC will Qualify Pakistan to Boost trade with European countries LRE-Azan 0 3,912 11-01-2017 02:10 PM
Last Post: LRE-Azan
  Margalla Hills National Park: PTDC to execute chairlift project Salman 0 5,136 04-24-2015 03:14 PM
Last Post: Salman
  Rs21.814b signal-free Islamabad Highway corridor Salman 0 4,300 04-09-2015 04:15 PM
Last Post: Salman
  National Accountability Bureau (NAB) reference against Pakistan Housing Authority CMY 0 4,649 01-25-2014 06:05 AM
Last Post: CMY
  National Housing Policy 2013 Coming Soon for low-cost houses Salman 0 7,560 11-28-2013 01:31 PM
Last Post: Salman
  PWD uplift projects: National Assembly panel concerned at embezzlement Salman 0 7,283 11-28-2013 12:58 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)