Pakistan

Three consortiums for master plan shortlisted

Shortlisted entities have been invited in the meeting LAHORE: Lahore Development Authority (LDA) has shortlisted three consortiums for preparation of Lahore Division Master Plan 2050. The authority had invited technical and financial proposals to provide the consulting services for preparation of the new master plan of Lahore division. After completion of the shortlisting process the city developer has issued request ...

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Railways to invite bids for $6.8bn ML-1 CPEC project

LAHORE: Pakistan Railways (PR) is all set to invite bids to tender for the country’s first and biggest transport sector project —Main Line-1 (ML-1) — from Sept 12. Bidding documents have been prepared. The completion of USD 6.8 billion project titled “Up-gradation of ML-1” has been divided into three separate packages —Nawabshah to Rohri / Sukkar, Multan to Lahore & ...

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PC sells five govt properties for Rs156.4 million

ISLAMABAD: The Privatisation Commission on Monday auctioned five government properties for Rs156.45 million, as against the initial target of Rs140.525 million. The auctioned properties include two penthouses in Islamabad Country Club as well as two apartments — one in Centaurus Mall and the other in PHA apartments.  But maximum interest was witnessed in the land sold at Pir Sohawa, with bidders ...

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KP CM directs timely completion of tourism development projects

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Mahmood Khan has directed the quarters concerned to ensure timely completion of all the projects initiated with regard to tourism development including construction of access roads to tourist sites. He particularly directed for immediate release of funds required for timely completion of the improvement and construction of Arbab Niaz Cricket Stadium Peshawar and stated that ...

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Chinese black-listed firm likely to win development bid for Dhabeji SEZ: sources

ISLAMABAD: While the Sindh government inches closer to finalising the bidding process for the development of Dhabeji Special Economic Zone (SEZ) under the China Pakistan Economic Corridor (CPEC), sources suggest that a blacklisted Chinese firm is likely to win the bid. According to the sources only two companies have been shortlisted for the project while normally at least three companies ...

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SBP raises Rs634.8bn from T-bill, PIB auction

KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised a collective amount of Rs634.8 billion from the auction of Pakistan Market Treasury Bills (T-bills), and floating-rate Pakistan Investment Bonds (PIBs), with both auctions held on Wednesday. Specifically, the government raised Rs547.8 billion through T-bills, against the auction target of Rs450 billion, and Rs87 billion through the sale ...

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Karachi mayor accuses Sindh govt of hindering progress before bidding farwell

–‘They want to loot the city’, says Waseem Akhtar in a reference to Sindh government –Lashes out at PM Imran for sending NDMA to Karachi, urges him to visit Karachi KARACHI: Karachi Mayor Waseem Akhtar, in the final press conference of his tenure on Monday, accused the Sindh government of hindering progress in the port city, saying the provincial government did ...

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ECC okays import of 200,000 tonnes of wheat

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday directed the Trading Corporation of Pakistan (TCP) to move swiftly to import 200,000 tonnes of wheat and decided to reduce sales tax and duties on import of sugar to control rising prices in the country. Official sources, who attended the meeting, told Dawn that the government appeared to be facing challenges ...

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Release of Mir Shakil-ur-Rahman sought

PESHAWAR: Journalists on Friday continued the protest against the arrest of the Jang/Geo Group Editor-in-Chief, Mir Shakil-ur-Rahman, and renewed the demand for his immediate release. The protesters gathered outside the Daily Jang, The News and Geo TV offices, carrying banners and placards which condemned the incarceration of Mir Shakil-ur-Rahman since March 12 in a property case. They chanted slogans against ...

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NPMC asks MoFSR to consult provincial govts, remain wary of wheat/flour, sugar prices

ISLAMABAD – The National Price Monitoring Committee (NPMC) has asked the Ministry of National Food Security & Research (MoFSR) to consult the provincial governments and remain vigilant to control the wheat/flour and sugar prices, and take immediate necessary measures to ensure provision of these items at affordable prices. The NPMC meeting chaired by the Secretary Finance on Friday called for ...

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Technical bids opened for two sub-sectors’ development in Islamabad

ISLAMABAD: After 31 years, the Capital Development Authority (CDA) has opened technical bids of construction firms to award contracts for the development of two-sub sectors of E-12. The sector was launched in 1989 when the CDA sold out over 4,000 plots to government officials and general public. However, so far the development of the sector could not see light of ...

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CAA to be split into two regulators

ISLAMABAD: The federal government is likely to constitute two regulatory bodies to segregate regulatory and operational functions of Civil Aviation Authority (CAA) meant to outsource operations of country’s major airports, well informed sources told Business Recorder. This plan was finalized by a committee headed by Prime Minister Advisor on Commerce and Investment, Abdul Razak Dawood, Minister for Aviation, Adviser to the ...

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PTI govt withdraws controversial amendments to companies law

People entering into plea bargain cannot be appointed on BoDs ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has finally withdrawn controversial amendments that had quietly been introduced in the companies law to allow corrupt people being appointed on the boards and also facilitated to keep offshore assets hidden. On July 7th, President Arif Alvi promulgated the Companies (Second Amendment) Ordinance 2020 ...

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PCB Issues RFP For Website Designing, Development And Management

The request for proposals (RFP) is designed to attract applications from entities with the financial strength and experience (especially within the sport, /or cricket sectors at the highest level) with a sound, clear and precise cricket knowledge as well as fan requirements. LAHORE: The Pakistan Cricket board is requesting proposals from entities interested in providing design, development and management services for its corporate website through to ...

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Qasr-e-Naz, Chamba House likely to be leased out

ISLAMABAD: The government is likely to lease out Qasr-e-Naz Karachi and Chamba House, Lahore for thirty years,… ISLAMABAD: The government is likely to lease out Qasr-e-Naz Karachi and Chamba House, Lahore for thirty years, sources in Ministry of Housing and Works told Business Recorder. As per the guidance of the government, different properties across the country are being identified to generate ...

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Pakistani scholars among winners of Facebook’s Ethics in AI Research awards

ISLAMABAD:  Pakistan’s Junaid Qadir, Professor at the Information Technology University (ITU) of the Punjab, along with co-investigator Amana Raquib, Assistant Professor at the Institute of Business Administration (IBA), Karachi were announced  winners of the Ethics in AI Research Initiative for the Asia Pacific, by Facebook. The duo was among winners from nine different countries. The AI initiative aims to help ...

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CDA calls bids for Korang Bridge expansion

ISLAMABAD: The Capital Development Authority (CDA) has called bids for the expansion of Korang Bridge on the Islamabad Expressway in order to address a major traffic bottleneck on this road. Through tenders, the CDA has asked all registered firms to submit bids for the expansion of Korang Bridge. CDA officials said that bids will soon be called for the construction ...

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