Latest news with #Rs104
Business Recorder
24-05-2025
- Business
- Business Recorder
CDWP clears seven projects worth Rs104bn
ISLAMABAD: The Central Development Working Party (CDWP) cleared seven development projects at cost of Rs104 billion. The CDWP approved four development projects at cost of Rs8 billion and referred three major projects at cost of Rs96 billon to the Executive Committee of the National Economic Council (Ecnec) for final consideration and approval. The CDWP met with Federal Minister for Planning, Development and Special Initiatives and Deputy Chairman of the Planning Commission Ahsan Iqbal in the chair at P-Block Secretariat. CDWP approves four projects worth Rs21.83bn The meeting was attended by Awais Manzur Sumra, Secretary Planning, along with Chief Economist, other members of the Planning Commission, federal secretaries, heads of provincial planning and development (P&D) departments, and senior representatives from relevant federal ministries and provincial governments. The agenda focused on development projects across key sectors, including industries and production, information technology and transport and communications. Two projects related to industries and commerce accorded the approval namely, '1,000 Industrial Stitching Units (Phase-II)' at cost of Rs1,950 million and 'Acquisition of Land for Establishment of SME Facilitation Centres at Various Locations' worth Rs1,250 million. Two projects related to information technology approved in the meeting namely, 'Development of Pakistan Lunar Exploration Rover (PLExR) for Chang'E-8 Mission' worth Rs2,535 million and 'Pakistan Manned Space Mission' worth Rs2,243.20 million. Three projects related to transport and communications presented in the CDWP forum namely, 'Improvement of Road from Sanghar to National Highway N-5 at Point Rohri via Mundh Jamrao and Saleput 0.00 to 221.00 kms' recommended to the Ecnec at revised cost of Rs36,910.449 million. The road connecting Sanghar Mundh Jamrao to Rohri Toll Plaza in District Sukkur is a vital corridor linking numerous villages and towns across Sanghar, Shaheed Benazirabad, Khairpur, and Sukkur. Over time, the road has deteriorated significantly due to wear and the heavy rainfall in Lower Sindh in 2011, resulting in potholes, surface undulations, and eroded berms. The revised project includes a New Jersey barrier, a new pre-stressed bridge, and a provision for design, drawing, and supervision. Once completed, this corridor will enhance connectivity between eastern Sindh and upper Pakistan, playing a crucial role in the transportation of Thar coal for power generation and contributing significantly to regional infrastructure development and economic growth. Another project of transport and communication sector presented in the meeting namely, 'Construction of Additional Carriageway along Mehran Highway from Nawabshah to Ranipur (135.0 Kms (Revised)' was referred to ECNEC at revised cost of Rs41,034.440 million. The revised project envisages the dualisation of 135 km of Mehran Highway road from Nawabshah to Ranipur, including widening of the road by 4.95 metres on each side, overlaying of the existing 3.35-metrewide road, and construction of 3.5-metre-wide shoulders on both sides. The scope of work includes the construction of New Jersey barriers, bypasses, RCC bridges, pre-stressed concrete bridges, RCC culverts, drainage and erosion control works, embankments, retaining walls, watercourse protection, and stone pitching. It also encompasses provision of guard rails, lane marking, cat-eyes, village traffic signboards, gantries, cantilever boards, and the shifting or rerouting of Sui gas lines and optical fibre cables. Another project of T&C sector presented in the meeting namely, 'Improvement of Road from Rohri to Guddu Barrage @ M-5 Interchange Sadiqabad via Khanpur Mahar, Mirpur Mathelo & Mureed Shakh (150.00 Kms)' was referred to ECNEC at revised cost of Rs17,971.360 million. This strategic road project is expected to significantly improve regional connectivity and support economic development across northern Sindh and adjoining areas. During a comprehensive review of transport and communications sector projects, Deputy Chairman Planning Commission Ahsan Iqbal, directed the member infrastructure to review construction schedule rates of federal and provincial governments and notifying new schedule of rates based on market rates. The deputy chairman underscored the importance of this analysis for ensuring cost-efficiency and fiscal responsibility in infrastructure development. Copyright Business Recorder, 2025
Express Tribune
24-05-2025
- Business
- Express Tribune
CDWP okays seven projects worth Rs104b
Listen to article Minister for Planning Ahsan Iqbal on Friday chaired a meeting of the Central Development Working Party (CDWP) that approved seven projects worth Rs104 billion. "Out of these, four projects with a cumulative cost of Rs8 billion were approved at the CDWP level. Additionally, three major projects, amounting to Rs96 billion, were recommended to the Executive Committee of the National Economic Council (Ecnec) for final approval," a news release said. The forum approved two projects relating to industries and commerce namely the "1,000 Industrial Stitching Units (Phase-II)" worth Rs1,950 million and the "Acquisition of Land for Establishment of SME Facilitation Centres at Various Locations" worth Rs1,250 million. It gave the go-ahead to two projects pertaining to information technology namely the "Development of Pakistan Lunar Exploration Rover (PLExR) for Chang'E-8 Mission" worth Rs2,535 million and the "Pakistan Manned Space Mission" worth Rs2,243 million. The CDWP referred three projects belonging to the transport and communication sector to Ecnec including the "Improvement of Road from Sanghar to National Highway N-5 at Point Rohri via Mundh Jamrao and Saleput 0.00 to 221 km" with a revised cost of Rs36,910 million. Another project titled the "Construction of Additional Carriageway along Mehran Highway from Nawabshah to Ranipur (135 km)" was forwarded to Ecnec at a revised cost of Rs41,034 million. The forum referred a project called the "Improvement of Road from Rohri to Guddu Barrage @ M-5 Interchange Sadiqabad via Khanpur Mahar, Mirpur Mathelo & Mureed Shah (150 km)" to Ecnec at a revised cost of Rs17,971 million.
Business Recorder
01-05-2025
- Business
- Business Recorder
Major corruption cases: NAB Lahore to distribute Rs512m to victims
LAHORE: National Accountability Bureau (NAB) Lahore has commenced the distribution of Rs512 million among hundreds of victims following successful recoveries in three major corruption cases. The affectees of the renowned Double Shah scandal, Toyota Gujranwala Motors, and Ahmed City Housing Society are to receive compensation through cheques. A total of Rs404 million is being distributed to the victims of the Double Shah scandal; Rs104 million to those affected by Toyota Gujranwala Motors; and Rs3.6 million to the victims of Ahmed City Housing Society. The process of issuing intimation letter to above scam affectees has been completed by NAB Lahore. Director General NAB Lahore, Muhammad Ahtram Dar, stated that the protection of victims' rights and compensation for their losses remain the Bureau's top priorities. He emphasized that NAB officers are actively working to ensure swift and fair recovery processes. To facilitate the victims, NAB Lahore has waived the requirement of bringing stamp papers at the time of cheque collection. DG NAB further noted that, under the vision of the NAB Chairman, a strict zero-tolerance policy is being enforced against illegal housing societies and Ponzi schemes that defraud general public under the guise of high-profit returns. Action against all such fraudulent entities is underway. Copyright Business Recorder, 2025
