Chakar The Great
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E35 Expressway nearing completion. Excellent infrastructure being laid in one of the world's most beautiful landscapes.
Infrastructure Development in Pakistan
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BATMAN
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Zardari & Gillani also made many highways, but all on paper. Some how, their open corruption is invisible to NAB.
Chakar The Great
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Glimpse of infrastructure in Islamabad
BATMAN
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Thanks you Imran Khan
ghazi52
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First private sector transmission line achieves financial close
First high voltage direct current (HVDC) transmission line project of Pakistan, which will be 878 kilometres long, extending from Matiari to Lahore, has achieved a financial close. The project entails an investment of $1.658 billion.
This was announced on Wednesday at a signing ceremony held at the Power Division. The documents were signed and exchanged by the Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza and the Chinese company’s Chief Executive Officer Wang Bo.
This HVDC transmission line project is being developed under the framework of the China-Pakistan Economic Corridor (CPEC) agreement, and is another landmark achievement surfaced as a result of the efforts and facilitation of PPIB, Power Division, NTDC and other stakeholders.
First high voltage direct current (HVDC) transmission line project of Pakistan, which will be 878 kilometres long, extending from Matiari to Lahore, has achieved a financial close. The project entails an investment of $1.658 billion.
This was announced on Wednesday at a signing ceremony held at the Power Division. The documents were signed and exchanged by the Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza and the Chinese company’s Chief Executive Officer Wang Bo.
This HVDC transmission line project is being developed under the framework of the China-Pakistan Economic Corridor (CPEC) agreement, and is another landmark achievement surfaced as a result of the efforts and facilitation of PPIB, Power Division, NTDC and other stakeholders.
thunderkaka
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Two Chinese groups to invest $2bn in housing sector
ISLAMABAD: Xuzhou Construction Machinery Group (XCMG) and HSS Group of China on Wednesday expressed their commitment to invest $2 billion in Pakistan’s housing and manufacturing sectors.
The announcement was made during a meeting between Prime Minister Imran Khan and General Manager XCMG Dr Hanson Liu and Chairman HSS Group Syed Saman Hashmi, who called on the prime minister here at PM Office.
XCMG is the leading total solution provider for global construction industry equipment and machinery and intends to set up heavy equipment manufacturing assembly line in Pakistan.
The prime minister welcomed the HSS and XCMG’s commitment and interest in Pakistan’s housing and manufacturing sector.
He highlighted the steps taken by the government to provide maximum facilitation to the investors, reducing cost of doing business and improving ease of doing business.
The prime minister said that providing conducive and business friendly environment to investors was top priority of the government. He also informed the meeting of the government’s plan to build five million housing units across the country terming it the flagship program, which he added, would open up new opportunities for the allied industries and the youth of country.
https://www.dawn.com/news/1468134/two-chinese-groups-to-invest-2bn-in-housing-sector
ISLAMABAD: Xuzhou Construction Machinery Group (XCMG) and HSS Group of China on Wednesday expressed their commitment to invest $2 billion in Pakistan’s housing and manufacturing sectors.
The announcement was made during a meeting between Prime Minister Imran Khan and General Manager XCMG Dr Hanson Liu and Chairman HSS Group Syed Saman Hashmi, who called on the prime minister here at PM Office.
XCMG is the leading total solution provider for global construction industry equipment and machinery and intends to set up heavy equipment manufacturing assembly line in Pakistan.
The prime minister welcomed the HSS and XCMG’s commitment and interest in Pakistan’s housing and manufacturing sector.
He highlighted the steps taken by the government to provide maximum facilitation to the investors, reducing cost of doing business and improving ease of doing business.
The prime minister said that providing conducive and business friendly environment to investors was top priority of the government. He also informed the meeting of the government’s plan to build five million housing units across the country terming it the flagship program, which he added, would open up new opportunities for the allied industries and the youth of country.
https://www.dawn.com/news/1468134/two-chinese-groups-to-invest-2bn-in-housing-sector
ghazi52
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Hascol’s oil storage capacity becomes largest in private sector
March 7, 2019
Hascol, which also appears to be the second largest oil marketing company in terms of market share, which stands at 13.7% at present, after PSO, which has a market share of 37%, will open 100 more filling stations nationwide in 2019. PHOTO: FILE
KARACHI: Hascol Petroleum Limited has become the largest oil marketing company in the private sector in terms of oil storages nationwide, a top official said on Wednesday.
“Hascol, in collaboration with Dutch company Vitol, has added 232,000 cubic metres of oil storage capacity at Port Qasim (Karachi) with an investment of $65 million,” Chief Executive Officer Saleem Butt told The Express Tribune.
“With this, our oil storage capacity has surged to 28 days (of consumption) from 16 days earlier,” he said, adding that other oil marketing companies had storage facilities for less than 20 days each.
Hascol Terminals Limited, an associated company of Hascol Petroleum Limited, has completed the process of commissioning its storage facility at Port Qasim.
“The terminal…has started operations. First shipment of motor gasoline (petrol) will reach on March 6, 2019 (Wednesday),” said Company Secretary Zeeshanul Haq in a notification to the Pakistan Stock Exchange (PSX) on Tuesday.
“With this, the total installed storage capacity surged to 400,000 tons with us. This has turned Hascol into a company that owns the largest oil storage facility in the private sector and second largest in the country after state-owned Pakistan State Oil (PSO), which manages 1.2 million tons of storage facility,” Butt said.
The latest storage facility at Port Qasim is connected with 700km pipeline of Pak Arab Pipeline Company (Papco) from Karachi to central Punjab. The facility will greatly help in ending blackouts at fuel stations in Punjab. “Sometimes, a three-day suspension in supplies from Karachi to Punjab (via roads) results in blackouts at petrol pumps in Punjab,” he elaborated.
He said it took almost two years to establish the latest storage facility at Port Qasim. Hascol has 49% shareholding while Dutch company Vitol owns the majority 51% shareholding in the facility. National Bank of Pakistan has also played a role in construction of the facility.
“Vitol has 28% shareholding in the overall business of Hascol Petroleum Limited,” he said. The company, which also appears to be the second largest oil marketing company in terms of market share, which stands at 13.7% at present, after PSO, which has market share of 37%, will open 100 more filling stations nationwide in 2019.
Pumps network
At present, the company runs its business at 590 sites and is expected to manage 690 pumps by December 2019.
“We have a plan to add 100 sites every year till we reach 1,200 sites in the country,” the CEO said.
Most of the new pumps will obviously be opened in Punjab as 60% population of the country resides there and 70% of demand for petroleum products comes from the province. “Pumps will be opened in that ratio,” he said.
The demand for petrol was on the rise despite economic slowdown in the country, he said, adding, “petrol sales have surged 9% in the last two months in contrast to 20% drop in diesel sales.”
Lubricant plant by May
Butt said Hascol, in collaboration with foreign firm FUCHS, is in final stages of setting up a lubricant blending plant.
The plant, which is being established with an investment of $20 million, is targeted to start production from May 1, 2019.
Hascol has started construction of a lube oil blending plant to produce FUCHS-branded lubricants and greases in Pakistan.
March 7, 2019
Hascol, which also appears to be the second largest oil marketing company in terms of market share, which stands at 13.7% at present, after PSO, which has a market share of 37%, will open 100 more filling stations nationwide in 2019. PHOTO: FILE
KARACHI: Hascol Petroleum Limited has become the largest oil marketing company in the private sector in terms of oil storages nationwide, a top official said on Wednesday.
“Hascol, in collaboration with Dutch company Vitol, has added 232,000 cubic metres of oil storage capacity at Port Qasim (Karachi) with an investment of $65 million,” Chief Executive Officer Saleem Butt told The Express Tribune.
“With this, our oil storage capacity has surged to 28 days (of consumption) from 16 days earlier,” he said, adding that other oil marketing companies had storage facilities for less than 20 days each.
Hascol Terminals Limited, an associated company of Hascol Petroleum Limited, has completed the process of commissioning its storage facility at Port Qasim.
“The terminal…has started operations. First shipment of motor gasoline (petrol) will reach on March 6, 2019 (Wednesday),” said Company Secretary Zeeshanul Haq in a notification to the Pakistan Stock Exchange (PSX) on Tuesday.
“With this, the total installed storage capacity surged to 400,000 tons with us. This has turned Hascol into a company that owns the largest oil storage facility in the private sector and second largest in the country after state-owned Pakistan State Oil (PSO), which manages 1.2 million tons of storage facility,” Butt said.
The latest storage facility at Port Qasim is connected with 700km pipeline of Pak Arab Pipeline Company (Papco) from Karachi to central Punjab. The facility will greatly help in ending blackouts at fuel stations in Punjab. “Sometimes, a three-day suspension in supplies from Karachi to Punjab (via roads) results in blackouts at petrol pumps in Punjab,” he elaborated.
He said it took almost two years to establish the latest storage facility at Port Qasim. Hascol has 49% shareholding while Dutch company Vitol owns the majority 51% shareholding in the facility. National Bank of Pakistan has also played a role in construction of the facility.
“Vitol has 28% shareholding in the overall business of Hascol Petroleum Limited,” he said. The company, which also appears to be the second largest oil marketing company in terms of market share, which stands at 13.7% at present, after PSO, which has market share of 37%, will open 100 more filling stations nationwide in 2019.
Pumps network
At present, the company runs its business at 590 sites and is expected to manage 690 pumps by December 2019.
“We have a plan to add 100 sites every year till we reach 1,200 sites in the country,” the CEO said.
Most of the new pumps will obviously be opened in Punjab as 60% population of the country resides there and 70% of demand for petroleum products comes from the province. “Pumps will be opened in that ratio,” he said.
The demand for petrol was on the rise despite economic slowdown in the country, he said, adding, “petrol sales have surged 9% in the last two months in contrast to 20% drop in diesel sales.”
Lubricant plant by May
Butt said Hascol, in collaboration with foreign firm FUCHS, is in final stages of setting up a lubricant blending plant.
The plant, which is being established with an investment of $20 million, is targeted to start production from May 1, 2019.
Hascol has started construction of a lube oil blending plant to produce FUCHS-branded lubricants and greases in Pakistan.
ghazi52
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The newly constructed 230 Km Lahore-AbdulHakeem Motorway has an Auto speed camera detection system...
Intelligent Transport System key features are Weather Information System, Motorway Advisory Radio, Electronic Toll Collection System, Smart Travelling cards, Mobile app & website connectivity, auto accident/incident reporting, Electronic Message Signs/Boards, complete motorway CCTV Monitoring & much more..
Intelligent Transport System key features are Weather Information System, Motorway Advisory Radio, Electronic Toll Collection System, Smart Travelling cards, Mobile app & website connectivity, auto accident/incident reporting, Electronic Message Signs/Boards, complete motorway CCTV Monitoring & much more..
ghazi52
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PM orders increase in oil reserves
Prime Minister Imran Khan directed the Petroleum Division on Tuesday to increase the strategic oil reserves to provide an uninterrupted supply to the armed forces in the wake of ongoing tensions between Pakistan and India.
Chairing a meeting to review progress on energy-related projects, Khan directed for chalking out a strategy to enhance the strategic oil reserves to handle any war-like situation so that the armed forces could be provided uninterrupted supply to handle the possible aggression by India.
Finance Minister Asad Umar, Petroleum Minister Ghulam Sarwar Khan, prime minister’s advisers Abdul Razzak Dawood and Dr Ishrat Hussain, Petroleum Secretary Mian Asad Hayauddin and senior officers attended the meeting.
Prime Minister Imran Khan directed the Petroleum Division on Tuesday to increase the strategic oil reserves to provide an uninterrupted supply to the armed forces in the wake of ongoing tensions between Pakistan and India.
Chairing a meeting to review progress on energy-related projects, Khan directed for chalking out a strategy to enhance the strategic oil reserves to handle any war-like situation so that the armed forces could be provided uninterrupted supply to handle the possible aggression by India.
Finance Minister Asad Umar, Petroleum Minister Ghulam Sarwar Khan, prime minister’s advisers Abdul Razzak Dawood and Dr Ishrat Hussain, Petroleum Secretary Mian Asad Hayauddin and senior officers attended the meeting.
ghazi52
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Govt to Install 26 LPG Plants in Balochistan Worth Rs. 48 Billion
The federal government has released Rs. 48 billion to establish 26 LPG air-mix plants in Balochistan to meet the gas demand in the province.
Minister for Petroleum Ghulam Sarwar announced this while addressing a Senate session on Friday.
Mr. Ghulam Sarwar informed the upper house that there is no unannounced gas load-shedding in any part of the country.
He said the government was determined to eliminate system constraints so that the issue of low gas pressure can be resolved.
The minister told Senators that the Sui Northern Gas Pipeline Limited (SNGPL) had started injecting RLNG which helped reduce the demand and supply gap of natural gas in the country.
Petroleum minister highlighted the measures his ministry was taking to mitigate gas theft across the country.
It should be mentioned here that the recent gas crisis in the country caused industries in Sindh and Punjab to close down several times in the last couple of months.
Prime Minister Imran Khan had ordered an inquiry into the matter, and the MDs of SNGPL and SSGCL were removed on the recommendations of the inquiry report.
The government had to import Liquefied Natural Gas (LNG) from Qatar to meet the rising demand in the winter season
ghazi52
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ISLAMABAD: Pakistan has set up an Implementation Committee for the multibillion dollar Mainline-I (ML-I) project of the China-Pakistan Economic Corridor (CPEC) to review the possibility of reducing its scope and cost from the existing $8.2 billion aimed at making it financially viable.
The decision was taken by Cabinet Committee on CPEC, on Wednesday, which was chaired by Federal Minister for Planning and Development Khusro Bakhtyar. It was decided to split the project into more than two phases and also drop some sections that were part of the original plan of constructing 1,872 kilometre long line of Pakistan Railways.
The ML-I project has a total length of 1,872 kilometres.
The cabinet committee also discussed the possibility of financing some parts of the ML-I from the Public Sector Development Programme to lower reliance on Chinese financing.
According to the framework agreement for the ML-I, China was supposed to provide 85% of the project cost as a concessionary loan. The project has been declared strategically important by both the countries.
Bakhtyar said that the proposal to construct the ML-I project on Build Operate Transfer model has been shelved and now it will be completed on government to-government basis, as per the framework agreement.
In order to address the issues of under development and deprivation in Balochistan, the cabinet committee also decided to initiate work on western route projects on a priority basis. The federal government would perform the ground-breaking ceremony of one western route road project this month, announced the minister. He did not disclose the name of the project.
The minister also announced that the groundbreaking ceremony of New Gwadar International Airport will finally be performed this month. The project that faces over a two-year delay will be completed with Chinese grant. The committee also decided to fast-track work on Gwadar power plant. The planning minister said that it was decided that the missing link of eastern corridor will also be completed by starting work on Sukkur Hyderabad Motorway. The project will be completed on Build Operate Transfer model that will help save $2.5 billion, said Bakhtyar.
The National Highway Authority will complete the design as well as feasibility of the project and award of the contract will be done in 2019, he added.
Bakhtyar said the cabinet committee also gave the final approval for CPEC Business Forum that will be chaired by the federal minister for planning and development.
The forum will comprise 21 members with representatives from government and private sectors. The cabinet committee has approved six priority sectors for availing $1 billion Chinese grant for social sector over a period of three years, said Bakhtyar.
The minister said that agriculture, education, health, poverty alleviation, water supply and vocational training sectors have been finalised in consultation with the provincial governments. “The socio-economic development is very critical for equitable development and we would try to avail $500 million grant during the first year,” said the planning minister.
The decision was taken by Cabinet Committee on CPEC, on Wednesday, which was chaired by Federal Minister for Planning and Development Khusro Bakhtyar. It was decided to split the project into more than two phases and also drop some sections that were part of the original plan of constructing 1,872 kilometre long line of Pakistan Railways.
The ML-I project has a total length of 1,872 kilometres.
The cabinet committee also discussed the possibility of financing some parts of the ML-I from the Public Sector Development Programme to lower reliance on Chinese financing.
According to the framework agreement for the ML-I, China was supposed to provide 85% of the project cost as a concessionary loan. The project has been declared strategically important by both the countries.
Bakhtyar said that the proposal to construct the ML-I project on Build Operate Transfer model has been shelved and now it will be completed on government to-government basis, as per the framework agreement.
In order to address the issues of under development and deprivation in Balochistan, the cabinet committee also decided to initiate work on western route projects on a priority basis. The federal government would perform the ground-breaking ceremony of one western route road project this month, announced the minister. He did not disclose the name of the project.
The minister also announced that the groundbreaking ceremony of New Gwadar International Airport will finally be performed this month. The project that faces over a two-year delay will be completed with Chinese grant. The committee also decided to fast-track work on Gwadar power plant. The planning minister said that it was decided that the missing link of eastern corridor will also be completed by starting work on Sukkur Hyderabad Motorway. The project will be completed on Build Operate Transfer model that will help save $2.5 billion, said Bakhtyar.
The National Highway Authority will complete the design as well as feasibility of the project and award of the contract will be done in 2019, he added.
Bakhtyar said the cabinet committee also gave the final approval for CPEC Business Forum that will be chaired by the federal minister for planning and development.
The forum will comprise 21 members with representatives from government and private sectors. The cabinet committee has approved six priority sectors for availing $1 billion Chinese grant for social sector over a period of three years, said Bakhtyar.
The minister said that agriculture, education, health, poverty alleviation, water supply and vocational training sectors have been finalised in consultation with the provincial governments. “The socio-economic development is very critical for equitable development and we would try to avail $500 million grant during the first year,” said the planning minister.
ghazi52
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30 projects being proposed for Qatari investment: Dawood
Adviser to the Prime Minister on Commerce, Industry and Investment Abdul Razak Dawood said on Sunday that around 30 projects were being proposed to the Qatar government and investors, besides discussions to further explore the potential of trade and investment between private sectors of both the countries.
Addressing a joint Pakistan-Qatar Trade and Investment Conference organised by the Board of Investment Pakistan, in Doha, in collaboration with Qatar Finance Center and Embassy of Pakistan Doha, he appreciated the joint efforts of Pakistani and Qatari authorities for organising the joint investment and business conference.
The Pakistani delegation, comprising leading businessmen and investors from various sectors, is being led by, Abdul Razak Dawood, and Board of Investment (BoI) Chairman Haroon Sharif, said a message received here.
Adviser to the Prime Minister on Commerce, Industry and Investment Abdul Razak Dawood said on Sunday that around 30 projects were being proposed to the Qatar government and investors, besides discussions to further explore the potential of trade and investment between private sectors of both the countries.
Addressing a joint Pakistan-Qatar Trade and Investment Conference organised by the Board of Investment Pakistan, in Doha, in collaboration with Qatar Finance Center and Embassy of Pakistan Doha, he appreciated the joint efforts of Pakistani and Qatari authorities for organising the joint investment and business conference.
The Pakistani delegation, comprising leading businessmen and investors from various sectors, is being led by, Abdul Razak Dawood, and Board of Investment (BoI) Chairman Haroon Sharif, said a message received here.
ghazi52
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Mobile App developed to ensure safe journey on highways in Pakistan
ISLAMABAD: National Highway Authority (NHA) has taken an innovative initiative with introduction of mobile App, which enables travelers to get information regarding road safety - fog, weather and traffic condition.
The basic purpose behind this move is to serve commuters and ensure safe journey on motorways and highways in country, especially during foggy and smoggy conditions.
The application software is designed to aid travelers by timely notification of available scenarios, fed into system by App Monitors of NH&MP and displayed on user dashboard through virtual bulletin boards.
The range of messages covers blockades, closures, diversion, fog, blind spots, black spots and congestions.
ISLAMABAD: National Highway Authority (NHA) has taken an innovative initiative with introduction of mobile App, which enables travelers to get information regarding road safety - fog, weather and traffic condition.
The basic purpose behind this move is to serve commuters and ensure safe journey on motorways and highways in country, especially during foggy and smoggy conditions.
The application software is designed to aid travelers by timely notification of available scenarios, fed into system by App Monitors of NH&MP and displayed on user dashboard through virtual bulletin boards.
The range of messages covers blockades, closures, diversion, fog, blind spots, black spots and congestions.
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