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Articles for tag: ADB, approves, infrastructure, Investment, million, Pakistan, promote, sustainable

June 5, 2024

News Desk

ADB approves $250 million to help Pakistan promote sustainable infrastructure investment

A worker walks through the headquarters of the Asian Development Bank (ADB) in Manila, June 17, 2009. — Reuters ADB approves loan to promote sustainable PPP program. The program supports the implementation of an integrated PPP policy. The reforms will facilitate effective infrastructure planning, ADB says. The Asian Development Bank (ADB) has approved a $250 million policy-based loan to help Pakistan promote sustainable investment in infrastructure and services through public-private partnerships (PPPs). ADB’s Program to Promote Sustainable Public-Private Partnerships, according to a statement from the institution, supports the implementation of government policies to create an enabling environment for fiscally affordable

May 30, 2024

News Desk

The oil industry requires infrastructure repair

KARACHI: The Oil Companies Advisory Council (OCAC) has written to the Karachi Port Trust (KPT), urging the port authority to begin the much-awaited repair and maintenance works on roads and drainage infrastructure at the Keamari Oil Installation Area (KOIA) to ensure smooth transportation of oil products in the top country ahead of expected heavy monsoon rains. OCAC Secretary General Dr Syed Nazir A Zaidi wrote that the Pakistan Meteorological Department (PMD) had predicted over 100% increase in monsoon rains in Karachi from June to August 2024. “If the necessary preventive measures regarding drainage and road infrastructure are not taken immediately,

May 15, 2024

News Desk

Minister unveils Sindh industrial expansion plan

KARACHI: Sindh Industries and Commerce Minister Jam Ikramullah Dharejo has announced that the Sindh government is planning to set up new industrial zones across the province, mainly in Karachi, as part of a new industrialization policy. The aim is to attract both local and foreign investors and entrepreneurs to boost economic activities throughout the province. He made these remarks while addressing the business community at the Federal Association of Trade and Industry (FBATI) on Tuesday. Dharejo stressed that industrial zones are being considered at various locations, including the Port Qasim area, to boost industrial activities and employment opportunities in the

May 1, 2024

News Desk

Pakistan requires basic infrastructure to launch 5G

Islamabad: Chinese tech giant Huawei has planned to launch a new calling feature under 5G technology to allow telcos to recover revenue lost due to WhatsApp and Facebook calls. Huawei Pakistan hosted the Digital Week in the federal capital showcasing the latest technologies with a special focus on the introduction of 5G in the country. The event brought together various sectors and infrastructure developers for greener, sustainable and scalable technologies. Briefing the media, Huawei officials said that 5G and 5.5G will bring a better communication experience with money. “Currently, telecom operators have lost revenue due to WhatsApp and Facebook calls.

April 10, 2024

News Desk

Interested in upgrading the road infrastructure

KARACHI: Leading manufacturers and exporters have urged that before hastily imposing the National Highway Safety Ordinance (NHSO) 2000 axle load regime based on international norms, the government should prioritize building road infrastructure as per international standards. They made these remarks during discussions with The Express Tribune, reiterating that if the government supports the adoption of international norms, it should also adhere to international standards for local road infrastructure as well. Hanif Gohar, a leading manufacturer and former president of the Association of Manufacturers and Developers of Pakistan (ABAD), explained why industrialists oppose the axle load regime (ALR), stating that its

March 27, 2024

News Desk

HCSTSI chief decries poor infrastructure

KARACHI: Hyderabad Chamber of Small Traders and Small Industries (HCSTSI) President Muhammad Farooq Shaikhani has called for measures to modernize Hyderabad’s infrastructure, aiming to promote sustainable development in both industrial and residential areas. He emphasized the need for public-private partnerships to revolutionize urban development. In a statement on Tuesday, Shaikhani urged the government to adopt innovative approaches for progress, rejecting outdated methods. He highlighted poor road infrastructure as a hindrance to the development of Sindh’s second largest city after Karachi. Despite long-standing complaints by businessmen about unfairness and inadequate facilities, no action has been taken. Shaikhani raised concerns about the

March 20, 2024

News Desk

FPCCI for construction of rural infrastructure

LAHORE: The Standing Committee on Agriculture of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) recommends the Fauji Foundation to establish roads, canal systems and electrical infrastructure in corporate agricultural areas under the Special Investment Facilitation Council (SIFC) identified for investors, particularly in the Holistan belt. FPCCI Agriculture Standing Committee Advisor Chaudhry Ahmad Jawad said that the army and the federal government are determined to take up the agriculture sector under SIFC, which is positive for the country, but the infrastructure for investors is yet to be seen. It must be accelerated, he said. Jawad said that under

February 6, 2024

News Desk

Business leaders are demanding urgent action on damaged roads

KARACHI: Karachi’s business leaders have urgently called for a comprehensive master plan to address the city’s deteriorating road infrastructure. Recognizing the central role of smooth roads in enhancing economic growth, these leaders emphasize the need for a strategic approach to improving transportation efficiency and accessibility. Well-maintained roads, they argue, are vital to facilitating the movement of goods and people, reducing transport costs and increasing overall productivity. The ripple effect extends to attracting investment, stimulating trade and boosting economic activity. Improved connectivity is seen as a catalyst for growth in both urban and rural areas, creating a wealth of opportunities for

February 2, 2024

News Desk

Industrialists are asking for customized financing, infrastructure overhaul

KARACHI: Leading industrialists have presented proposals to boost the national economy to the incoming government. Their recommendations include establishing a low-cost personalized financing system, developing an urban and coherent industrial policy, rehabilitating damaged road infrastructure and implementing a one-stop shop, among other initiatives. Speaking to The Express Tribune about the expectations from the incoming elected government after the 2024 general polls, business leaders highlighted the need for a tailored low-cost financing scheme specifically for the construction of industrial units in the small and medium sector. They emphasized the importance of media as the backbone of any country. Site Association of

December 10, 2023

News Desk

Traders assured about the restoration of road infrastructure

KARACHI: Site Industrial and Trading Estate (SITE) Managing Director Ghazanfar Ali Qadri has assured the Hyderabad Chamber of Small Traders and Small Industries that they will address the issue of dilapidated road infrastructure and other challenges faced by SITE Hyderabad. He said this while presiding over a follow-up meeting of SITE Hyderabad Works and Sindh Small Industries Works committees at SITE Hyderabad office on the directives of Sindh Acting Minister of Justice (Retired) Maqbool Baqir. He said that no stone will be left unturned to fix infrastructure problems at SITE. As per the CM’s directives, all concerned departments are cooperating

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