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Approved revised PC-I for ML-1 project

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7 months ago

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As per the official release, the proposal has been sent to the Executive Committee of the National Economic Council (ECNEC) by the CDWP for ultimate approval.

Additionally, the ML-1 project is linked to the Havelian Dry Port project.

Additionally, the CDWP referred three projects totaling Rs 9.2 billion to the ECNEC for approval in addition to approving seven smaller projects totaling Rs 82.2 billion.

In addition, the Rs 9.2 billion Mirpur-Mangla Road project and the Rs 58 billion Muzaffarabad-Mansehra Motorway project have been submitted to ECNEC for clearance.

See Also: NRA China promises extensive cooperation with Pakistan Railways on ML-1 initiative

In an earlier statement, Pakistan Railways and the National Railway Administration (NRA) of China promised to work closely together to launch the ML-I project.

Joint efforts would be made to secure the ML-1 project’s timely completion, as the Chinese government pledged full support for it.

Both nations are dedicated to cooperating to ensure the project’s prompt completion. The ML-1 project has the potential to drastically alter Pakistan’s railway infrastructure.

The ML-1 project

The project intends to upgrade and double the 1733-kilometer railway track from Karachi to Peshawar in addition to installing contemporary telecom and signalling equipment. It is Pakistan’s first-ever state-of-the-art railway project.

With complete grade separation and fence included in the proposal, travel times between Lahore and Karachi are 10 hours, between Lahore and Rawalpindi 2.45 hours, and between Karachi and Peshawar 14.30 hours.

The project involves building railway tracks from Lalamusa to Rawalpindi, Rawalpindi to Peshawar, Havelian Dry Port, Kemari to Hyderabad, Hyderabad to Multan, and Lahore to Lalamusa.

Trains will be able to travel at 140 kilometres per hour after the railway rails are upgraded. 2,096 bridges/culverts, 1,300 km of fencing, and 165/631-grade separation are among the other aspects of the project.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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6 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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6 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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6 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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