ECNEC approves Mainline-1 (ML-1), dry port near Havelian
ISLAMABAD (92 News) – Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh chaired a meeting of the Executive Committee of the National Economic Council (ECNEC) at the Cabinet Division on Wednesday.
The project of Pakistan Railways for upgradation of Pakistan Railways existing Mainline-1 (ML-1) and establishment of dry port near Havelian was also approved by ECNEC at the rationalized cost of US$ 6,806.783 million on cost sharing basis between the governments of China and Pakistan.
The execution of the project shall be in three packages and in order to avoid commitment charges, the loan amount for each package will be separately contracted. Under this project, existing 2,655 KM track will be upgraded. The speed of passenger trains shall increase from 65/110 KM/h to 165 KM/h and line capacity will increase from 34 to 137/171 trains each way per day.
The Ministry of Railways would constitute a project steering committee for effective supervision and implementation of the project. ECNEC approved the Pakistan Single Window (PSW) project, FBR shall be the sponsoring agency for this project. The total cost of the project shall be Rs 11,074.16 million including Rs 9,020 million as FEC.
The project shall be completed by June 2023 and it is expected to enhance Pakistan’s global ranking in cross border trade related indicators. It will also serve as the integration point bridging cargo/logistics systems and other trade related processes. The project will provide an automated single-entry centralized hub for submission and processing of 90% of the licenses, permits, certificates and other documents (LPCOs) for external trade.
The ECNEC also approved the change in cost sharing ratios of ADB and its co-financing Partners for 'Construction of BRT Red Line Project, Karachi' at the total cost of Rs 78,384.33 million including FEC of Rs 66,378.33 million (with cattle based biomethane as fuel technology).
The project was already approved by ECNEC on 29th August 2019. PhD Scholarship Program under US-Pakistan Knowledge Corridor (phase-1) was also approved by ECNEC at the revised cost of Rs. 25,226.274 million including FEC of Rs 24,303.543 million. In the revised PC-1 the scope of the project has been curtailed to 1000 scholarships (from 1500 scholarships) mainly due to appreciation of dollar rate against Pak-rupee and inclusion of tuition fee/ research grant.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔