Latest news with #Rs1.57
Express Tribune
21-05-2025
- Business
- Express Tribune
Cattle market contracts fetch Rs6.59b
The online auctions were held on Wednesday, with 950 bids submitted for 28 markets across the three divisions. The competitive bidding process drew interest from a broad range of private contractors and firms and was conducted through a transparent online platform monitored by the Punjab Cattle Market Management and Development Company (PCMMDC) under the supervision of the provincial local government and community development department. Among the three divisions, Multan recorded the highest revenue from the auctions, generating Rs2.63 billion from 10 cattle markets. Lahore raised Rs2.03 billion and Faisalabad Rs1.91 billion in successful bids. The total figure amounted to Rs6.59 billion, according to the official bidding record. The largest bid was placed for the Model Cattle Market in Jungle Jaswant Garh in Multan, which fetched Rs1.57 billion. Close behind was the Model Cattle Market in Jhang, awarded for Rs1.16 billion. In Lahore, the Model Cattle Market in Shahpur Kanjran drew the highest bid, securing the contract for Rs1.5 billion. Other notable bids included the Model Cattle Market in Sheikhupura at Rs486.78 million, Cattle Market Luddan at Rs710 million and Model Cattle Market Niamoana at Rs140.7 million. A number of smaller markets, including Chund Bharwana, Tandlianwala, Gaggoo and Machiwal, also drew healthy bids ranging between Rs14 million and Rs50 million. Lahore division's five cattle markets attracted 253 bids, Multan's 10 markets 240 bids and Faisalabad's 13 markets 457 bids - pushing the overall participation to 950 bids. Contractors ranged from major construction firms to regional operators.
Express Tribune
19-04-2025
- Business
- Express Tribune
Punjab on alert, WASA asked to complete monsoon prep by May 31
Listen to article The Punjab Water and Sanitation Authority (PWSA) has asked all five Water and Sanitation Agencies (WASAs) in the province to complete their monsoon preparations by May 31. During a performance review meeting held on Saturday, PWSA Director General Tayyab Farid stressed the urgent need to clean sewer lines, repair heavy machinery, and set up monsoon camps before the pre-monsoon season begins on June 15, according to a report by APP. 'Revenue recovery is critical to maintaining water and sewerage services,' Farid said, emphasizing that WASAs must also improve their financial performance to keep essential services running smoothly. The meeting was attended by managing directors and officers from all five WASAs. Farid said that in addition to technical preparations, low-lying areas must be identified, and training drills should be conducted with emergency services to prepare for possible flooding. Meanwhile, WASA Rawalpindi Managing Director Muhammad Saleem Ashraf gave a briefing on his agency's progress. He said cleaning of sewer lines was already underway and would be completed before the deadline. He added that WASA Rawalpindi has functional heavy machinery including sucker and jetting machines and dewatering pumps ready to respond to emergencies. The agency has also asked the Punjab Government for funds to clean Leh Nullah and 15 other main drains in the city. Low-lying areas in Rawalpindi have already been identified with the help of the district administration, and trained staff with machinery will be deployed at those points during heavy rains. Saleem also shared that mock exercises will be held in collaboration with Rescue 1122 and other agencies at Leh Nullah and Rawal Dam. WASA Rawalpindi will also set up five monsoon camps across the city that will operate 24/7, and a control room at the head office will monitor the situation and handle complaints. On the revenue side, WASA Rawalpindi recovered Rs1.7 billion last year, exceeding its target of Rs1.57 billion. The target for this year is Rs2.3 billion, and Saleem said he expects to beat that figure as well.
