Stuctural Improvements updates

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‏‏ایک لاکھ پچیس ہزار پوسٹ آفس کی مزید فرنچائزبنانے کا اعلان۔ منصوبے سے 2 لاکھ افراد کو روزگار ملے گا ‎
Minister of communication, Murad Saeed reviewed the program of the program.

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Pakistan’s aviation progresses as modern radar system installed

Pakistan has made key progress in the aviation sector with the installation of a modern radar system, Mode S, at major airports citing expected rise in flights after doubling its airspace routes

The development came after the formal approval of the Air Navigation Plan 2025 by the executive committee of the Civil Aviation Authority (CAA)

The aviation authority has started implementing the new plan citing expecting a hike in revenue up to 25 to 30 per cent after increasing its airspace routes from seven to 14 sectors in accordance with the international aviation regulations

Sources said that the country’s aviation sector will witness a sharp rise in flight numbers especially from Europe, Canada, Saudi Arabia and other countries.

It is said that control towers of the country’s airports are being equipped with modern technology under the air navigation plan.

Moreover, the authority has installed a modern system, Mode S for Secondary Surveillance Radar process, that will equip control towers for selective interrogation of planes. In its first phase, two radar systems have been installed at Islamabad and four at Karachi airports.

The process for installation of modern equipment at different airports of the country alongside its modification as per international standards was continued.

The concerned authorities had also continued construction of new runways at the airports, whereas, the PIA revenue increased after the resumption of major routes including Lahore, Islamabad, United Kingdom (UK) and Europe

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Shipbuilding industry to be explored under CPEC

China Pakistan Economic Corridor (CPEC), a windfall opportunity for maritime sector, has also resulted in the growth prospects for shipbuilding industry in the country. But, the Karachi Shipyard with limited tonnage capacity is unable to compete with regional yards particularly in the Gulf which are equipped with state-of-the-art facilities for all the four major areas of operation – shipbuilding, ship repair, oil rig construction and oil rig support. At present, bulk of the regional business is being captured by major yards in the Gulf like Dubai Dry Docks in the UAE, King Salman Global Maritime Industries Complex in Ras Al-Khair, Saudi Arabia, Abu Dhabi Shipbuilding (ADSB) in the UAE, Nakilat Damen Shipyards Qatar (NDSQ), Oman Dry-dock Company (ODC) at Duqm Port and Kakilat-Keppel Offshore & Marine Ltd in Qatar and Arab Shipbuilding & Repair Yard (ASRY) in Bahrain.

The existing facilities at Karachi Shipyard & Engineering Works (KS&EW) are not sufficient considering the PNSC’s fleet requirement, growing prospects of Pakistan’s economy, modern era for different category vessels, emerging requirement on the trade route and availability of more competitive services in the region. Deadweight tonnage of the biggest Aframax Tanker Quetta in current PNSC’s fleet is 107,215. Whereas, KS&EW has 2 Graving Docks with limited capacity (i.e. capacity of one dock is 18000 and other’s 26000 DWT) and 3 Shipbuilding Berths with miscellaneous capacity (i.e. capacity of one berth is 6000 DWT, second is of 15000 DWT and third is of 26000 DWT).

 

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12 firms pre-qualify to bid for power plants

January 29, 2020
https://tribune.com.pk/story/2146092/2-12-firms-pre-qualify-bid-power-plants/

Government wants to sell NPPMCL in the hope of fetching a minimum of Rs300 billion. PHOTO: FILE

ISLAMABAD: The Privatisation Commission board on Tuesday pre-qualified 12 firms to bid for multi-billion dollar power plants and approved to hire financial advisers to sell stakes of Pakistan’s two blue-chip firms aimed at raising around Rs400 billion to meet the budget deficit reduction target.

The board also approved to sell 27 government-owned unproductive properties through an open auction and set the minimum reserve price at Rs6.7 billion for all these assets. Only one property is assessed at the value of over Rs5 billion by the financial advisers while the value of the rest of the 26 properties is Rs1.7 billion.

Prime Minister Imran Khan wants to sell these properties in order to pay off public debt, which is increasing at a rate of nearly Rs14 billion a day.

Headed by the privatisation minister, the PC Board pre-qualified all 12 parties that had submitted statements of qualifications for the acquisition of two LNG-fired power plants.

Investors from Japan, Thailand, the United Kingdom, Malaysia and Pakistan have submitted documents. A few renowned global parties have also shown interest in acquiring the power plants.

The National Power Parks Management Company Limited (NPPMCL) owns the two power plants located at Balloki and Haveli Bahadur Shah, which have a combined generation capacity of 2,453 megawatts. The government wants to sell NPPMCL in the hopes of fetching a minimum of Rs300 billion or $1.5 billion in non-tax revenue.

The board has prequalified all the 12 parties and now these companies will start due diligence process, Privatisation Secretary Rizwan Malik told The Express Tribune.

The board approved to hire a consortium of financial advisers to sell up to 7% stakes of the Oil and Gas Development Company (OGDC) and 10% shares of Pakistan Petroleum Limited (PPL), informed the privatisation secretary.

The money raised through privatisation of power plants and capital market transactions will be used to reduce the budget deficit that is expected to remain far above the official target due to massive shortfall in tax collection.