Punjab Updates...
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ghazi52
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Punjab to establish a provincial power transmission and dispatch (T&D) firm
Punjab has accelerated efforts to establish a provincial power transmission and dispatch (T&D) firm on the lines of the National Transmission and Dispatch Company (NTDC).
In this regard, a summary has been initiated by the provincial energy department which seeks approval to establish Punjab Provincial Grid Company and is currently being reviewed by the provincial cabinet
“Sindh has established its own transmission company already. We must have the same arrangement under the 18th Amendment. We are following up on the summary which has been sent to Punjab Chief Minister Usman Buzdar for grant of approval,” Punjab Energy Minister said.
According to the summary, Pakistan’s total energy demand recorded in 2018-19 was 25,627MW which included 14,472MW consumed by Punjab alone. The province’s energy demand is projected to cross 24,000MW by 2027-28.
Likewise, 68 per cent revenue generation comes through a huge number of consumers based in Punjab. The province accounts for 66pc of the total electricity consumers in the country.
Punjab has accelerated efforts to establish a provincial power transmission and dispatch (T&D) firm on the lines of the National Transmission and Dispatch Company (NTDC).
In this regard, a summary has been initiated by the provincial energy department which seeks approval to establish Punjab Provincial Grid Company and is currently being reviewed by the provincial cabinet
“Sindh has established its own transmission company already. We must have the same arrangement under the 18th Amendment. We are following up on the summary which has been sent to Punjab Chief Minister Usman Buzdar for grant of approval,” Punjab Energy Minister said.
According to the summary, Pakistan’s total energy demand recorded in 2018-19 was 25,627MW which included 14,472MW consumed by Punjab alone. The province’s energy demand is projected to cross 24,000MW by 2027-28.
Likewise, 68 per cent revenue generation comes through a huge number of consumers based in Punjab. The province accounts for 66pc of the total electricity consumers in the country.
ghazi52
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Government of Punjab has successfully shifted all the brick kilns to a newer and more efficient zigzag technology.
In an official statement, the Special Assistant to the Prime Minister (SAPM) on Climate Change, Malik Amin Aslam, has revealed that the government of Punjab has successfully shifted all the brick kilns to a newer and more efficient zigzag technology.
Given the current environmental situation, the SAPM on Climate Change said that large-scale efforts to mitigate the issue of black carbon emissions as per the vision of Prime Minister Imran Khan are underway.
New kilns running on zigzag technology offer hope as they are environment friendly and make a strong business case.
In an official statement, the Special Assistant to the Prime Minister (SAPM) on Climate Change, Malik Amin Aslam, has revealed that the government of Punjab has successfully shifted all the brick kilns to a newer and more efficient zigzag technology.
Given the current environmental situation, the SAPM on Climate Change said that large-scale efforts to mitigate the issue of black carbon emissions as per the vision of Prime Minister Imran Khan are underway.
New kilns running on zigzag technology offer hope as they are environment friendly and make a strong business case.
ghazi52
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HEI and Punjab Thermal Power Ltd (PTPL) signed an Operation and Maintenance (O&M) contract for 1263 MW Punjab Combined-Cycle Power Plant at JHANG in Pakistan.
HEI will be responsible for the 12-year operation and maintenance of the unit, major equipment overhaul, plant-wide BOP equipment overhaul, and power plant spare parts procurement, etc.
HEI will be responsible for the 12-year operation and maintenance of the unit, major equipment overhaul, plant-wide BOP equipment overhaul, and power plant spare parts procurement, etc.
ghazi52
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Project Update : 𝗗𝗮𝗱𝗼𝗰𝗵𝗮 𝗗𝗮𝗺
Rawalpindi suffers from acute water shortage. Dadocha Dam was planned to overcome this shortage for residents of Rawalpindi. With massive mobilisation of resources on site, working round the clock, FWO had planned to complete the project by September 2022 instead of the tendered timeframe of August 2023 in order to provide early relief to the residents of Rawalpindi.
Rawalpindi suffers from acute water shortage. Dadocha Dam was planned to overcome this shortage for residents of Rawalpindi. With massive mobilisation of resources on site, working round the clock, FWO had planned to complete the project by September 2022 instead of the tendered timeframe of August 2023 in order to provide early relief to the residents of Rawalpindi.
ghazi52
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Allama Iqbal SEZ (Faisalabad) Development work in full swing.
Total saleable land 2276 acres.
33% land purchased by 69 investors so far.182 acres purchased by 7 foreign investors.
Several Pakistani/ foreign Industries have started construction.
Total saleable land 2276 acres.
33% land purchased by 69 investors so far.182 acres purchased by 7 foreign investors.
Several Pakistani/ foreign Industries have started construction.
ghazi52
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APP
20 May 2021
ISLAMABAD: Federal Minister for Communications and Postal Services Murad Saeed said on Thursday that next week Multan-Lodhran Motorway project foundation stone would be laid; adding that after 20 days, work would also be started on Sialkot-Kharian Phase-1. He said work would also be commenced on Khariyan-Rawalpindi in current year.
Murad Saeed said previous government had only constructed 645 km roads, while our government in two and a half years completed 1753 km roads projects.
Murad Saeed said PTI government has started work on 15 mega roads projects in the country.
He said that next project was Balkasar-Mianwali, Mianwali Muzaffarghar highway which would be inaugurated within next two or three months. He said that Dir Motorway would be completed in same period which would promote tourism in the areas, adding that Rajanpur-Shikarpur road project would be inaugurated in current year.
He said that our target was self sustainability of National Highway Authority. He said in two and a half year NHA revenue was increased by 105 per cent, adding that previous year Rs 20 million was recovered.
Murad said that Grand Trunk road would be connected to motorway network through Sialkot-Kharian and Kharian-Rawalpindi Motorways to be launched this year.
He said that network of roads was being laid down across the country through public and private partnership and under a new vision.
He said that road infrastructure projects were being launched in the less developed areas, following vision of Prime Minister Imran Khan.
20 May 2021
ISLAMABAD: Federal Minister for Communications and Postal Services Murad Saeed said on Thursday that next week Multan-Lodhran Motorway project foundation stone would be laid; adding that after 20 days, work would also be started on Sialkot-Kharian Phase-1. He said work would also be commenced on Khariyan-Rawalpindi in current year.
Murad Saeed said previous government had only constructed 645 km roads, while our government in two and a half years completed 1753 km roads projects.
Murad Saeed said PTI government has started work on 15 mega roads projects in the country.
He said that next project was Balkasar-Mianwali, Mianwali Muzaffarghar highway which would be inaugurated within next two or three months. He said that Dir Motorway would be completed in same period which would promote tourism in the areas, adding that Rajanpur-Shikarpur road project would be inaugurated in current year.
He said that our target was self sustainability of National Highway Authority. He said in two and a half year NHA revenue was increased by 105 per cent, adding that previous year Rs 20 million was recovered.
Murad said that Grand Trunk road would be connected to motorway network through Sialkot-Kharian and Kharian-Rawalpindi Motorways to be launched this year.
He said that network of roads was being laid down across the country through public and private partnership and under a new vision.
He said that road infrastructure projects were being launched in the less developed areas, following vision of Prime Minister Imran Khan.
ghazi52
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Work in progress in Sadeqia Canal Division . Old public system is being restored after years .
This will provide water to the dry and barren land of Bahawalnagar and its restoration will cultivate 60,000 acres of land .
This will provide water to the dry and barren land of Bahawalnagar and its restoration will cultivate 60,000 acres of land .
ghazi52
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Bestway Cement has decided to set up a Greenfield cement plant with a capacity of 7,200 tonnes of clinker per day near Paikhel, District Mianwali, along with a nine MW waste heat recovery plant.
In this regard, the company has entered into an agreement with Sinoma International Engineering Company Ltd, PR China for the EPC, according to the notification issued to the Pakistan Stock Exchange (PSX).
The company has received all the necessary regulatory approvals and financial arrangements for completing this expansion project.
The construction section in Pakistan has grown significantly over the last couple of years due to public sector projects under the CPEC and the government’s incentivized scheme for housing and construction
In this regard, the company has entered into an agreement with Sinoma International Engineering Company Ltd, PR China for the EPC, according to the notification issued to the Pakistan Stock Exchange (PSX).
The company has received all the necessary regulatory approvals and financial arrangements for completing this expansion project.
The construction section in Pakistan has grown significantly over the last couple of years due to public sector projects under the CPEC and the government’s incentivized scheme for housing and construction
ghazi52
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Punjab to double allocation for agri sector in 2021-22
Recorder Report
04 Jun 2021
LAHORE: The Punjab government has decided to double the allocation of development budget for the agriculture alongside brining projects for improving the quality of seeds and agricultural services to boost the production.
Further, the tax rate on agricultural services is bringing down to 1 percent from 16 percent for the corporate sector in order to make the sector attractive for the investment by the corporate sector. Additionally, establishment of special zones to improve livestock breeding and eradication of foot-and-mouth disease is part of the Budget 2021-22.
This was disclosed by the Punjab Finance Minister Hashim Jawan Bakhat addressing a pre-budget seminar here at Federation of Pakistan Chamber of Commerce and Industry Regional office. He announced extending the scope of the scope of Kisan Card to provide subsidies and other benefits to farmers.
Opportunities are being created for the private sector by reducing the burden of public sector on banks, he added. Regional Chairman PFCCI Chaudhry Muhammad Saleem Bhular, MP Chaudhry Muhammad Shafiq, Mian Anjum Nisar, and representatives of trade bodies were also attended the meeting.
The minister said that the Punjab government fully support the federal government for uniformity in taxes in all the provinces. He asked the people doing agriculture must utilize the Punjab Employment Scheme for expansion of the agriculture sector. He said a committee was constituted to review the infrastructure cess and decision would be made in accordance with the recommendations made by it.
However, the tax incentives given by the Punjab government during the first wave of the covid-19 pandemic will continue in the next financial year as well. He believed that the if business-friendly policies will not continue than the economy will again trap in vicious circle. Hashim claimed that current economic growth was outcome of the business-friendly policies of the federal and provincial governments. The Punjab Revenue Authority (PRA) tax collection has improved despite reduction in tax rate.
The relief given by Punjab government alongside exemptions of the Federal Board of Revenue (FBR) will applicable in the next budget. Further reduction in stamp duties, improvement in regulatory framework, and increase in investment in services sector will also ensure economic growth, he added.
The provincial minister informed the participants that special attention was paid to the education and health sectors in the budget for the next financial year. The delivery of services at the district level is being improved.
Copyright Business Recorder, 2021
Recorder Report
04 Jun 2021
LAHORE: The Punjab government has decided to double the allocation of development budget for the agriculture alongside brining projects for improving the quality of seeds and agricultural services to boost the production.
Further, the tax rate on agricultural services is bringing down to 1 percent from 16 percent for the corporate sector in order to make the sector attractive for the investment by the corporate sector. Additionally, establishment of special zones to improve livestock breeding and eradication of foot-and-mouth disease is part of the Budget 2021-22.
This was disclosed by the Punjab Finance Minister Hashim Jawan Bakhat addressing a pre-budget seminar here at Federation of Pakistan Chamber of Commerce and Industry Regional office. He announced extending the scope of the scope of Kisan Card to provide subsidies and other benefits to farmers.
Opportunities are being created for the private sector by reducing the burden of public sector on banks, he added. Regional Chairman PFCCI Chaudhry Muhammad Saleem Bhular, MP Chaudhry Muhammad Shafiq, Mian Anjum Nisar, and representatives of trade bodies were also attended the meeting.
The minister said that the Punjab government fully support the federal government for uniformity in taxes in all the provinces. He asked the people doing agriculture must utilize the Punjab Employment Scheme for expansion of the agriculture sector. He said a committee was constituted to review the infrastructure cess and decision would be made in accordance with the recommendations made by it.
However, the tax incentives given by the Punjab government during the first wave of the covid-19 pandemic will continue in the next financial year as well. He believed that the if business-friendly policies will not continue than the economy will again trap in vicious circle. Hashim claimed that current economic growth was outcome of the business-friendly policies of the federal and provincial governments. The Punjab Revenue Authority (PRA) tax collection has improved despite reduction in tax rate.
The relief given by Punjab government alongside exemptions of the Federal Board of Revenue (FBR) will applicable in the next budget. Further reduction in stamp duties, improvement in regulatory framework, and increase in investment in services sector will also ensure economic growth, he added.
The provincial minister informed the participants that special attention was paid to the education and health sectors in the budget for the next financial year. The delivery of services at the district level is being improved.
Copyright Business Recorder, 2021
ghazi52
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Punjab govt to start road reconstruction, repair programme
Recorder Report
06 Jun 2021
LAHORE: On the instructions of Chief Minister Sardar Usman Buzdar, the Punjab government has decided in principle to start a special road reconstruction and repair programme in the province.
The CM has given approval of CM package for reconstruction and repair of roads. He said that the roads in dilapidated condition would be completely reconstructed and the strategy has been formulated for providing relief to the people by repairing roads of cities and villages. He said that despite spending substantial amount every year, the condition of the roads is devastated. He further stated that this new programme will also ensure the transparent utilization of funds along with the rehabilitation of roads.
While presiding over the meeting held to review the new road repair and reconstruction programs, development projects and financial affairs of the province, the CM said that 20% increase in government revenue in Punjab is the result of transparent policies of the incumbent government.
He also directed to release funds for the under-completion projects on a priority basis and said that each department will be asked to submit their monthly monitoring report to ensure proper utilization of public funds.
The CM also directed to allocate more funds for the social sector in next fiscal year budget, adding that budget for education, health, provision of potable water and sanitation should be increased.
Copyright Business Recorder, 2021
Recorder Report
06 Jun 2021
LAHORE: On the instructions of Chief Minister Sardar Usman Buzdar, the Punjab government has decided in principle to start a special road reconstruction and repair programme in the province.
The CM has given approval of CM package for reconstruction and repair of roads. He said that the roads in dilapidated condition would be completely reconstructed and the strategy has been formulated for providing relief to the people by repairing roads of cities and villages. He said that despite spending substantial amount every year, the condition of the roads is devastated. He further stated that this new programme will also ensure the transparent utilization of funds along with the rehabilitation of roads.
While presiding over the meeting held to review the new road repair and reconstruction programs, development projects and financial affairs of the province, the CM said that 20% increase in government revenue in Punjab is the result of transparent policies of the incumbent government.
He also directed to release funds for the under-completion projects on a priority basis and said that each department will be asked to submit their monthly monitoring report to ensure proper utilization of public funds.
The CM also directed to allocate more funds for the social sector in next fiscal year budget, adding that budget for education, health, provision of potable water and sanitation should be increased.
Copyright Business Recorder, 2021
ghazi52
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In connection with CPEC phase II tech-savvy Agriculture cooperation between Pakistan and China, Punjab budget 2021-22 is going to have double allocation for agriculture projects with emphasis on improving the quality of seeds and agricultural services to boost production, Gwadar Pro reported on Monday.
Inspired by incentives given by China to farmers and implementing new priorities laid down in CPEC phase II, Punjab budget 2021-22 is ushering in a new era of agriculture taxes to boost agro-based initiatives as well as corporate farming.
The tax rate on agricultural services is being curtailed to 1 per cent from 16 per cent for the corporate sector in order to make the sector attractive for investment.
CPEC authority Chairman Asif Saleem Bajwa in a media talk said that efficient and corporate farming is going to be introduced for the first time in the country in cooperation with China under CPEC.
Inspired by incentives given by China to farmers and implementing new priorities laid down in CPEC phase II, Punjab budget 2021-22 is ushering in a new era of agriculture taxes to boost agro-based initiatives as well as corporate farming.
The tax rate on agricultural services is being curtailed to 1 per cent from 16 per cent for the corporate sector in order to make the sector attractive for investment.
CPEC authority Chairman Asif Saleem Bajwa in a media talk said that efficient and corporate farming is going to be introduced for the first time in the country in cooperation with China under CPEC.
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