Construction Industry of Pakistan Latest Trends and Opportunities as per PACRA According to a recent report from Pakistan Credit Rating Agency (PACRA), Pakistan's construction sector is slated to grow in the upcoming fiscal year. The local building market has been examined by PACRA experts, and this year's growth has been estimated at 6%. They predict that the industry will expand by a staggering 92...
China Formally Requested To Include Babusar Top Tunnel In The CPEC Umbrella Projects According to reliable sources, the Pakistani government will formally request that China incorporate the Babusar Top Tunnel in the China-Pakistan Economic Corridor (CPEC) umbrella projects in order to enhance tourism in the northern territories. The government wants to formally request that the 13-kilometer Babusar...
Pakistan Collaborates with China to Boost Local Tourism. ISLAMABAD: Pakistan is one of the few countries in the world that has a diverse inventory of tourist attractions. It is built on picturesque natural landscape endowments and features biodiversity as well as a rich culture and heritage. Hundreds of new investment opportunities are being created across Pakistan as a result of the China-Pakistan...
Gwadar Is Expected To Become A Regional Logistics Center Within Five Years ISLAMABAD, Pakistan: Gwadar will be a logistic center in the area in the next five years, playing a vital role in developing Pakistan's national economy, said Zhang Baozhong, Chairman of China Overseas Port Holding Company, while assessing the project's five-year trip. Zhang Baozhong, Chairman of China Overseas Port Holding...
ABOUT THE ‘TOURISM EXPRESSWAY' From lush green valleys to gorgeous lakes and snow-capped mountain peaks, Pakistan has some of the most magnificent natural attractions in the world, which is why it draws a huge number of visitors each year. To capitalize on this potential and grow the country's tourist industry, the government has launched a number of notable projects at both the national and...
MODEL ECONOMIC ZONE TO BE SET UP UNDER CPEC: Minister A model economic zone will be set up under the second phase of China-Pakistan Economic Corridor (CPEC) to captivate the interest of overseas Pakistani and Chinese investors’. LAHORE: A model economic zone will be established under the China-Pakistan Economic Corridor (CPEC) to maintain the interests of overseas Chinese and Pakistani investors, while...
Imran Khan thanks Overseas Pakistanis for ‘record-breaking’ month of remittances ISLAMABAD: Prime Minister Imran Khan thanked Pakistanis overseas after seeing a record breaking month of remittances of up to $ 2.27 billion in January 2021. Prime Minister Imran Khan said in his Twitter posts: "Good news from the industrial sector, which shows sustained growth." He said large-scale manufacturing saw...
On February 11,2021, the PTCL group successfully tested its 5G network in a controlled environment at its headquarters in Islamabad in a limited environment on a non-commercial basis to achieve download speeds of up to 1,685 gigabytes per second (GBPS). Speaking on the occasion, Syed Aminul Haque said: “I am delighted to be present at this crucial event as the PTCL Group takes an important step to...
'The developers of illegal companies will be penalized’ LAHORE: Punjab Minister of Law and Cooperatives Raja Basharat said those who have developed illegal housing companies across the province will face punishment and directive from Prime Minister Imran Khan as savings protection would be guaranteed to the poor. He said this on Tuesday while chairing a meeting of the National Coordination Committee...
In a major development, Pakistan is going to consider another major route connecting China under the China-Pakistan Economic Corridor (CPEC). The new route would be around 350km shorter than the existing routes via the Khunjerab pass. According to documents available, authorities asked the Gilgit-Baltistan’s Works Department to prepare the ‘concept clearance proposal’ for the new route of CPEC. This...
DELEGATION VISITS GWADAR PORT A delegation of Djibouti headed by President of National Parliament and acting Chairman African Union Parliament Muhammad Ali Hameed visited the new port city of Gwadar. Moreover, they extended an invitation to the Pakistani industrialists and business community to visit Djibouti. Hence, for increasing import and export and bilateral trade between both the...
RAILWAY OFFICIALS BRIEF PM Prime Minister Imran Khan summoned a session to review progress on ML-1 project. He also reviewed other matters related to improving railway sector. PM Imran Khan chaired a high-level session. In addition, it was attended by Railways Minister Azam Swati, advisers, federal ministers, chairman and officers of Pakistan Railways (PR). The railway officials gave a briefing to...
MODEL GREEN BELT INITIATIVE Pakistan and China agreed to turn the China-Pakistan Economic Corridor (CPEC) into a green belt and a road initiative model. This step was taken to protect and preserve the natural environment in the region. So, it was decided during a meeting held on Monday (14.dec.2020). The meeting was held between Special Assistant to the Prime Minister on Climate Change Malik Amin...
Commissioner retired Capt Mohammad Mahmood said that the Punjab Environment Protection Agency (EPA) had given clearance to the Rawalpindi Ring Road project. He was presiding over a review meeting of the Rawalpindi Ring Road project at the Commissioner’s Office. The meeting was also attended by Finance and Planning Director Nazia Parveen Sudhan, Rawalpindi Development Authority Director General...
TRANSFORMATIONAL PROJECT Foreign Secretary Sohail Mahmood on Monday held a meeting with China-Pakistan Economic Corridor (CPEC) Chairman Lt Gen (r) Asim Saleem Bajwa, wherein he said that CPEC is a transformational project. Besides, he said that there is a complete national consensus on CPEC’s indispensability for Pakistan’s national development efforts. “Pakistan and China are firmly committed...