logo
Funds sought for drains' desilting

Funds sought for drains' desilting

Express Tribune12-05-2025

The Rawalpindi Water and Sanitation Agency (WASA) has requested a grant of Rs1 billion from the Punjab government for the purchase of heavy machinery to ensure continuous cleaning of Nullah Leh and adjoining drains throughout the year, especially ahead of the monsoon season.
According to sources, WASA has been outsourcing the de-silting of Nullah Leh and associated sewerage drains for the past three decades due to a lack of in-house heavy machinery, a situation shared by other WASA bodies across Punjab.
This year again, Rs150 million will be spent on outsourcing the cleaning contract, and the demand for this amount has already been submitted to the provincial government.
In addition to the regular funding request, WASA has also urged the chief minister to provide essential machinery to enable in-house cleaning throughout the year.
The agency estimates that with its own equipment, annual operational costs would drop to Rs50 million - currently at Rs150 million - resulting in a savings of Rs100 million annually. Moreover, continuous year-round cleaning could help prevent low-lying areas from flooding during monsoon rains.
If the grant is approved, WASA plans to purchase four excavators, six dumpers, two jetting machines, two suction machines, and six water bowsers.
WASA Managing Director Muhammad Salim Ashraf stated that the agency would establish a routine cleaning system with improved efficiency and reduce the flood threat by increasing the depth of Nullah Leh, enabling faster drainage into the Soan River.
He said that a clean drainage system would help prevent flooding and significantly reduce annual maintenance costs.
Nullah Leh frequently causes extensive flooding in low-lying areas of the twin cities during heavy monsoon rains, often resulting in significant financial losses and, at times, tragic loss of life.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Air Karachi gets CAA nod, hopes to launch soon
Air Karachi gets CAA nod, hopes to launch soon

Express Tribune

time3 hours ago

  • Express Tribune

Air Karachi gets CAA nod, hopes to launch soon

A general view of the Jinnah International Airport Karachi where evacuees from Afghanistan will stop by for further travel to other countries. PHOTO: FILE Listen to article A new private airline based in Karachi has been granted its Regular Public Transport (RPT) license by the Civil Aviation Authority (CAA), paving the way for the launch of commercial operations in the near future. The airline, named Air Karachi, is headed by leading business figures from Karachi and is modeled on the success of Air Sial — a similar initiative launched by industrialists in Sialkot. Its founders aim to build a business-backed airline offering operational efficiency and financial autonomy, particularly in light of ongoing challenges faced by the national carrier, Pakistan International Airlines (PIA). 'Yes, we got the license from CAA,' confirmed Hanif Gohar, one of the airline's key stakeholders, in an interview with Arab News. 'We are looking for aircraft and will start with three aircraft soon.' The CAA granted the RPT license to Air Karachi on June 5. As part of the licensing conditions under Pakistan's National Aviation Policy 2023, the airline has been instructed to deposit a license issuance fee of Rs500,000 ($1,750) and a security deposit of Rs100 million ($350,000). It must also raise its paid-up capital to Rs600 million ($2.1 million) before it can commence operations. Air Karachi is registered with the Securities and Exchange Commission of Pakistan (SECP) and plans to raise a total of Rs5 billion ($17.5 million), with 100 shareholders each contributing Rs50 million ($175,000). The airline will be led operationally by retired Air Vice Marshal Imran Qadir, who has been appointed chief operating officer. He will be supported by a team of former Pakistan Air Force officials with experience in the aviation sector. Air Karachi plans to launch its services with three aircraft for domestic routes and gradually expand its fleet to seven. After completing the mandatory one-year domestic run, it aims to begin international operations, starting with flights to destinations in the Middle East.

Finance minister touts recovery, reforms in Economic Survey 2024–25
Finance minister touts recovery, reforms in Economic Survey 2024–25

Express Tribune

time12 hours ago

  • Express Tribune

Finance minister touts recovery, reforms in Economic Survey 2024–25

Pakistan's economy is on the mend following key structural reforms, Finance Minister Muhammad Aurangzeb said Monday while presenting the Economic Survey for FY2024–25. 'We were not moving in the right direction,' Aurangzeb admitted, but said the government had since implemented reforms to consolidate the economy—particularly in taxation, debt control, and energy. He noted significant improvements in the power sector, with better governance in distribution companies after the inclusion of private sector professionals on their boards. 'Recoveries have been remarkable,' he said, while acknowledging the need to tackle system leakages. Public finances also benefited from a sharp cut in the policy rate, which helped reduce debt servicing costs by around Rs800 billion. 'Debt servicing remains the single largest expense item, but we've saved nearly a trillion rupees,' he added. The minister announced plans to privatise 24 state-owned enterprises (SOEs) in the coming year, after curbing annual losses of Rs800 billion. 'We've stopped the bleeding,' he said. Highlighting macroeconomic indicators, Aurangzeb said the current account recorded a surplus of $1.9 billion during July–April FY25, driven by strong IT exports. Remittances are projected to reach $37–38 billion by year-end, up from $27 billion two years ago. He also placed Pakistan's recovery within the broader global context, noting that world GDP growth has reached 2.8%. 'We need to first stop the bleeding and then address legacy issues,' Aurangzeb further said. 'The government is no longer a desperate borrower,' Aurangzeb said, crediting a significant reduction in the policy rate for saving nearly Rs1 trillion in debt servicing costs, including Rs800 billion in the current fiscal year. The number of individual tax filers has doubled as Pakistan expanded and deepened its tax base, the minister said. During FY25, the government also retired Rs2.4 trillion in treasury bills and raised Rs610 billion through a newly introduced two-year zero-coupon bond, extending the average maturity of domestic debt from 2.9 to 3.5 years. The government now projects FY26 as a 'turnaround year,' with plans to privatise 24 loss-making state-owned enterprises. Aurangzeb said banks will also be expected to step up lending to the private sector. The economy posted mixed results across sectors. Agriculture grew 2.6% despite falling production of key crops including cotton, wheat and maize. Rice exports, however, improved significantly. Construction posted a 6.6% growth rate, while services expanded by 2.9%. Large-scale manufacturing (LSM) remained in contraction but showed signs of stabilisation. In March 2025, LSM grew 1.8% year-on-year, compared with 1.7% in the same month last year. However, a month-on-month decline of 4.6% was recorded, slightly better than February's 5.6% fall. Electricity generation capacity reached 46,605 MW, with 55.7% from thermal sources and 24.4% from hydropower. Consumption stood at 80,111 GWh, with nearly half used by households. Petroleum product demand rose 7% in the July–March period, with transport accounting for 80% of use. Aurangzeb said governance in the power sector has improved, with private sector experts brought onto boards of power distribution companies. Recoveries were described as 'remarkable,' though energy sector leakages remain a challenge. The external sector saw improvement, with a $1.9 billion current account surplus in July–April FY25, driven by IT exports. Remittances are projected to hit $37–38 billion this fiscal year, up from $27 billion two years ago. Imports rose 12%. On the climate front, Pakistan launched its Recharge Pakistan Project with $77 million in funding and introduced its first Carbon Market Policy at COP29. "The next fiscal year will be a turnaround story,' Aurangzeb said, setting the tone for a budget expected to aim for IMF compliance, increased revenue, and growth-focused reforms. Pakistan's foreign exchange reserves rose to $16.64 billion Aurangzeb said addinf that it, boosted by improved economic indicators and renewed investor confidence, even as the agriculture sector posted weak growth due to poor crop yields. Of the total reserves, the State Bank of Pakistan held $11.5 billion while commercial banks retained $5.14 billion. The increase follows improved credit ratings, with Fitch upgrading Pakistan's sovereign rating from CCC+ to B- with a stable outlook. The International Monetary Fund (IMF) acknowledged Pakistan's progress under the Extended Fund Facility (EFF) and approved an additional $1.4 billion under the Resilience and Sustainability Facility (RSF) to support the country's climate adaptation and disaster resilience efforts. Pakistan's stock market also performed strongly, with the benchmark index delivering a 50% return and gaining 78,000 points over the fiscal year, reflecting growing investor confidence. Agriculture, however, remained under pressure. The sector recorded a modest 0.56% growth in FY25 due to a decline in major crop production. Officials acknowledged challenges including inadequate crop storage and limited farmer financing. Reforms are being explored to reduce middlemen's role and improve farm-to-market access. Meanwhile, more than 5,000 federal cost centres have been tagged under the government's new Climate Budget Tagging initiative aimed at tracking climate-related spending. In the social sector, the Benazir Income Support Programme (BISP) disbursed Rs593 billion during the fiscal year to support vulnerable households.

Islamabad: rates of sacrificial animals increase
Islamabad: rates of sacrificial animals increase

Business Recorder

time3 days ago

  • Business Recorder

Islamabad: rates of sacrificial animals increase

ISLAMABAD: The prices of sacrificial animals have registered an increase of 75-100 per cent this year as compared with the prices of past year, revealed a survey carried out by Business Recorder. Animal traders have stated various reasons for such a huge increase in the prices including increased input costs, transportation costs, government fees and others. While the buyers have condemned animal traders for unilaterally increasing prices manifold, saying in the past they had some valid reasons but this year there is no smuggling to Afghanistan, petrol/ diesel prices are stable for the past one year, fodder prices have also not increased and the authorities have better managed animal market ridding the traders of extortion. According to buyers, on this Eidul Adha the prices of animals across major cities like Lahore, Karachi, and Islamabad have skyrocketed, resulting in leaving many buyers frustrated, with rates rising by up to 75 to 100 per cent compared to last year. Last year, a smaller heifer could be purchased for Rs100,000-125,000, but this year even a low-weight one is priced at Rs200,000 or more. Buyers are increasingly voicing concerns about the lack of official regulation in animal pricing, which has led traders to set prices arbitrarily, forcing consumers to haggle for a better deal. Animals are primarily sourced from larger markets in Punjab and Sindh, with medium-sized traders incurring additional costs for transportation to metropolitans like Karachi and Lahore, including fuel, taxes, and maintenance at the local markets, which include expenses for lighting and security. Once all these costs are accounted for, traders add their margin, which can range from Rs15,000 to Rs50,000 for smaller animals and up to Rs200,000 for larger ones. A bull with three maunds of meat was priced between Rs 120,000 to Rs150,000 last year, whereas, this year, the price ranges from Rs150,000 to Rs200,000. Mosques have fixed the price of one share in a cow or bull between Rs40,000 to Rs50,000 against Rs35000 to Rs50,000 per share last year. Cattle farms in major cities such as Karachi, Lahore, Rawalpindi, and Islamabad cater to the demand for large animals, with prices ranging from Rs0.5 million to over Rs10 million for some elite bulls. The goat market has also seen similar price increases. Medium-weight goats, which were previously sold for Rs30,000 to Rs35,000, are now priced between Rs60,000 and Rs75,000. Rates of some goats are reaching up to Rs300,000 depending on their breed and build. Rams and sheep are also experiencing a price surge, with prices ranging from Rs40,000 to Rs200,000 or more, influenced by factors like weight and appearance. Camel prices have also increased, with traders noting a growing interest in camel sacrifices over the past two years. Camels brought in from different parts of Sindh are now priced at Rs400,000 and above. According to a preliminary data compiled by Pakistan Tanners Association (PTA), in 2024 around 6.8 million sacrificial animals were slaughtered on Eid-ul-Adha of which 2.9 million cows, 3.3 million goats, 385,000 sheep, 165,000 buffalos and 98,700 camels. The PTA estimated total value of the animals at $1.8 billion or Rs500 billion. The value of sacrificial animals' hides in 2024 was estimated at around 30 million. Copyright Business Recorder, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store