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Federal Minister Ahsan Iqbal has directed the aviation ministry to speed up the outsourcing of Islamabad, Lahore, and Karachi airports. The Technical Evaluation Committee is reviewing bids for Islamabad, while due diligence reports for Lahore and Karachi have been submitted. Discussions with a UAE-based company are underway for Lahore airport. Iqbal also emphasized the need to reduce cargo congestion at Karachi Port by developing a new freight corridor and improving food storage in Dera Ghazi Khan and Bahawalpur. He directed the relevant ministries to address these issues urgently. The minister instructed the Capital Development Authority (CDA) to resolve hotel construction delays in Islamabad and fast-track land lease auctions. He also tasked the Special Investment Facilitation Council (SIFC) with reviewing timelines for Rs29 billion worth of projects with foreign countries to attract investment. Read more : https://lnkd.in/d6PEBXE5 #AviationOutsourcing #KarachiAirport #IslamabadAirport #LahoreAirport #PublicPrivatePartnership #InfrastructureDevelopment #KarachiPort #CargoEfficiency #FoodStorage #GovernmentInitiatives #EconomicGrowth #PublicServices #ForeignInvestment #FreightCorridor #PakistanDevelopment #MRBuilder #RealEstateDevelopment #ConstructionProjects #UrbanPlanning #InfrastructureGrowth #BuildingTheFuture #PropertyDevelopment #ConstructionInnovation #DevelopmentInProgress #RealEstateSolutions #ConstructionExcellence #BuildingDreams #CommunityDevelopment #SustainableBuilding

Irregularities of 12 and a half billion rupees revealed in Pakistan Railways Lahore: The four-year special audit report of the Property and Land Department of Pakistan Railways has revealed irregularities of Rs 12 billion 49 crore 89 lakh. A special audit was conducted in the Property and Land Department of the Railways to identify the flaws, according to the report, a loss of Rs. It has been stated in the report that there are encroachments on 2 thousand 617 acres of land worth more than three billion 49 crore rupees, 1937 acres in Multan, 87.13 acres in Rawalpindi and 593 acres in Quetta, while railways in Karachi and Hyderabad are encroached on. Illegal petrol pumps are established on land worth more than 2 billion 17 crore rupees. Despite the orders of the Supreme Court, 63 acres of land of Gilani railway station in Karachi has not been handed over yet. Karachi Circular Railway project could not be operational due to non-handover of the land of Gilani Railway Station, while the value of the land occupied by Gilani Railway Station is four billion 40 crore rupees. According to the report, 63 acres of land of Gilani railway station was illegally acquired by the Railway Employees Cooperative Housing Society and given to private parties. Similarly, 602 railway quarters in Sukkur were not vacated from illegal occupants. According to the audit report, dues of Rs. 221.2 million have not yet been received from government departments in various cities, more than Rs. 71.8 million due to WAPDA in Sukkur and Rohri, food department in Multan. 9 crore 63 lakh rupees is due for land lease. According to the report, the staff appointed for railway property management does not have the required capabilities, engineers have not been appointed at most places for railway property management. #Irregularities #billion #rupees #revealed #Pakistan #Railways

Irregularities of 12 and a half billion rupees revealed in Pakistan Railways Lahore: The four-year special audit report of the Property and Land Department of Pakistan Railways has revealed irregularities of Rs 12 billion 49 crore 89 lakh. A special audit was conducted in the Property and Land Department of the Railways to identify the flaws, according to the report, a loss of Rs. It has been stated in the report that there are encroachments on 2 thousand 617 acres of land worth more than three billion 49 crore rupees, 1937 acres in Multan, 87.13 acres in Rawalpindi and 593 acres in Quetta, while railways in Karachi and Hyderabad are encroached on. Illegal petrol pumps are established on land worth more than 2 billion 17 crore rupees. Despite the orders of the Supreme Court, 63 acres of land of Gilani railway station in Karachi has not been handed over yet. Karachi Circular Railway project could not be operational due to non-handover of the land of Gilani Railway Station, while the value of the land occupied by Gilani Railway Station is four billion 40 crore rupees. According to the report, 63 acres of land of Gilani railway station was illegally acquired by the Railway Employees Cooperative Housing Society and given to private parties. Similarly, 602 railway quarters in Sukkur were not vacated from illegal occupants. According to the audit report, dues of Rs. 221.2 million have not yet been received from government departments in various cities, more than Rs. 71.8 million due to WAPDA in Sukkur and Rohri, food department in Multan. 9 crore 63 lakh rupees is due for land lease. According to the report, the staff appointed for railway property management does not have the required capabilities, engineers have not been appointed at most places for railway property management. #Irregularities #billion #rupees #revealed #Pakistan #Railways

Karachi is ignored in the budget, no new mega scheme has been kept Islamabad / Karachi:In the upcoming Sindh budget, no new mega scheme has been set for Karachi, one billion 38 crore rupees have been allocated for the ongoing schemes. According to Express News, Sindh Chief Minister and Finance Minister Murad Ali Shah presented a budget of 3056 billion rupees for the fiscal year 2024-25. Funds have been allocated for projects. 2 billion 79 crore rupees have been allocated for the Karachi BRT Red Line project in the budget of the next financial year, while 6 crore 97 lakh rupees have been kept for the Karachi Urban Mobility Yellow Line project. The Karachi Orange Line project will cost Rs 85 crore in the next financial year and Rs 3 billion has been allocated for the purchase of 300 diesel high-bird buses. Similarly, 3 billion 18 crore rupees have been allocated in the budget of the next fiscal year for the Great Karachi Sewerage Plan S-3 project, while 10 crore rupees have been kept for the fourth project of water supply to Shahr Quaid. In the budget of the next financial year, Rs 7.5 million has been allocated for the project to make Karachi a livable city. 1300 new cameras will be installed in the Red Zone Airport Corridor of the Karachi Safe City Phase One project. One billion 10 crore rupees have been allocated for Safe City Karachi in the budget of the next financial year. Under the Sindh Police Video Surveillance System, 10,000 CCTV cameras will be installed at 2,000 new locations in Karachi, for which 1,634,000 rupees have been allocated. Apart from this, one billion 38 crore 94 lakh rupees have been set aside for 11 schemes in Shahr Qaid.   The post Karachi is ignored in the budget, no new mega scheme has been kept appeared first on Express Urdu. #Karachi #budget #mega #scheme

King Abdulaziz Port in Dammam Expands with "Pakistan Gulf Express" Service by ONE Shipping Arabia, December 2, 2024 — The Saudi Ports Authority (Mawani) has expanded the capabilities of King Abdulaziz Port in Dammam with the introduction of the "Pakistan Gulf Express" shipping service by Ocean Network Express (ONE). This new service is set to bolster the port's pivotal role in international logistics. King Abdulaziz Port, renowned for its advanced operational capabilities, now hosts 43 fully-equipped berths with a handling capacity that reaches up to 105 million tons of cargo annually. The port's state-of-the-art facilities enable the efficient management of diverse cargo types, enhancing its status as a critical player in the global logistics network. The "Pakistan Gulf Express" connects King Abdulaziz Port with major regional ports including Jebel Ali in the UAE, Hamad in Qatar, and Karachi in Pakistan, featuring a capacity of 2,500 TEUs. This service further solidifies the port's strategic position, enhancing its connectivity and service offerings to exporters, importers, and shipping agents. In 2024, the port has seen significant upgrades, including the acquisition of 21 new coastal and gantry cranes and the introduction of 80 electric trucks, underscoring a major shift towards sustainable operations. These enhancements support the National Transport and Logistics Strategy's aim to position Saudi Arabia as a global logistics hub bridging three continents. With these advancements, King Abdulaziz Port in Dammam is poised to transform into a more flexible and sustainable logistics hub, capable of accommodating the latest in maritime technology and the largest of vessels with unmatched efficiency and productivity. Source: Saudi Ports Authority (Mawani) #ONE #Dammam #Maritime #Pakistan #Gulf

*Breaking News:* Sindh Government Announces Bullet Train Project Connecting Karachi to Sukkur! In a massive boost to the province's transportation infrastructure, the Sindh government has unveiled plans for a bullet train project linking Karachi to Sukkur. Transport Minister Sharjeel Inam Memon revealed that the project aims to enhance connectivity and facilitate travel between major cities in the region. *Initial Phases:* - The first phase may include a Karachi-Hyderabad route, which will significantly reduce travel time and increase economic activity between the two cities. *Global Cooperation:* - The government is seeking support from the World Bank to make this ambitious project a reality, demonstrating its commitment to improving transportation systems in the region. This development is a testament to the government's efforts to modernize infrastructure and promote economic growth in Sindh. With the bullet train project, residents and travelers can look forward to faster, more efficient, and more comfortable journeys. *#SindhBulletTrain #KarachiToSukkur #TransportationRevolution #PakistanInfrastructure #WorldBankPartnership*

**Pakistan vs. Dubai: Where Should You Invest in Real Estate?** Dubai and Pakistan offer unique real estate opportunities, but they cater to different investor profiles. Here’s a quick comparison: - **Market Stability:** Dubai offers a highly regulated, stable market with investor protections. Pakistan’s market is growing but can be more volatile. - **Tax Benefits:** Dubai offers tax-free property investment, while Pakistan imposes taxes like capital gains. - **Rental Yields:** Dubai leads with rental yields of 5-8%, while Pakistan averages 3-5%. - **Property Prices:** Dubai has a mix of luxury and affordable properties. Pakistan is more budget-friendly, especially in developing areas. - **Infrastructure:** Dubai boasts world-class infrastructure. Pakistan’s is improving, particularly in urban areas like Karachi, Lahore, and Islamabad. - **Legal Framework:** Dubai’s transparent property laws attract global investors. Pakistan’s legal environment can be more complex. **Conclusion:** Dubai offers stability, higher yields, and tax benefits, while Pakistan presents affordable investment options with higher risk. Choose based on your risk tolerance and goals. **For more details, or if you want to invest in Dubai real estate, contact me at +971-543212376.** 1. #RealEstateInvestment 2. #DubaiRealEstate 3. #PakistanRealEstate 4. #GlobalInvestments 5. #PropertyMarketComparison

Current #Tender Procurement Problems in Dhaka: Dhaka, being the capital and largest city of Bangladesh, faces several challenges related to tender procurement. Some of the most common issues include: #Corruption and #Bribery: Influence Peddling: The influence of powerful individuals or groups can lead to unfair tendering processes, favoring certain bidders over others. Bribery: Bribery and kickbacks can distort the bidding process, resulting in subpar quality and higher costs. #Lack of #Transparency and #Accountability: Opaque Tendering Processes: The lack of transparency in the tendering process can make it difficult for bidders to understand the requirements and evaluation criteria. #Limited #Accountability: There may be limited accountability for those involved in the tendering process, making it difficult to address corruption and irregularities. Limited #Competition: Collusion: Bidders may collude to fix prices or divide the market, reducing competition and increasing costs. Barriers to Entry: High entry barriers, such as financial requirements or complex regulations, can limit the number of eligible bidders. Lack of Technical #Expertise: Insufficient Knowledge: Government officials may lack the technical expertise to evaluate bids and ensure the quality of goods and services. Subjective Evaluation: The evaluation process may be overly subjective, leading to inconsistent decisions. #Delays and Inefficiency: Bureaucratic Red Tape: Lengthy bureaucratic procedures can delay the tendering process and increase costs. Lack of #Coordination: Poor coordination among government agencies can hinder the timely procurement of goods and services. #Solutions to Address These Problems: Strengthening Anti-Corruption Measures: Implementing stricter laws and regulations to combat corruption and bribery. #Promoting Transparency and Accountability: Enhancing transparency in the tendering process, including public disclosure of bid information and evaluation criteria. #Encouraging Competition: Reducing barriers to entry and promoting competition among bidders. #Capacity Building: Providing training and capacity-building programs to government officials to improve their technical expertise. #Streamlining Processes: Simplifying and streamlining the tendering process to reduce delays and inefficiencies. #E-Procurement: Adopting e-procurement systems to improve transparency, efficiency, and accountability. By addressing these challenges, Dhaka can improve the effectiveness and integrity of its tender procurement processes, leading to better outcomes for the city and its citizens.

Karachi Sea Port: Annual Revenues Could Reach $1 Billion 😡 😡 😵 😵 😱 😱 😰 😰 😤 😤 😭 😭 The Pakistan government’s decision to sell the revenue-generating Karachi Sea Port to Abu Dhabi Sea Port for a few hundred million dollars is a blatant act of corruption. Despite the port's potential to generate over $1 billion annually, this shortsighted move sacrifices national assets for personal gain, undermining economic growth and public trust.😡 😡 😵 😵 😱 😱 😰 😰 😤 😤 😭 😭 A major city port’s revenue stems from cargo handling fees, including terminal, storage, and additional services, alongside ship fees like dockage and pilotage. Rentals, retail, and real estate development also contribute, with the revenue mix varying by the port’s specialization and operations. The actual total annual revenues from Karachi Sea Port are not known; however, we can use estimated revenues. The Karachi Port Trust has the capacity to handle more than 125 million tons of cargo, including 4.25 million TEUs (Twenty-Foot Equivalent Units) of containers. These two features of Karachi Sea Port significantly contribute to its revenue stream. Karachi Port Trust’s revenue from THC ranges between $425 million to $2.125 billion, based on handling 4.25 million TEUs and global THC rates of $100 to $500 per TEU. KPT also handles over 125 million tons of total cargo, not just containers. Rates for bulk cargo, break-bulk cargo, etc., will differ from container fees. Dockage, pilotage, and other ship fees generate additional income. Revenues from rentals, retail, etc., contribute a smaller portion. Considering all these factors, a very rough estimate for KPT's annual revenue could be in the range of $1 billion to $5 billion. However, these estimated revenues are based on the total capacities of the Karachi Sea Port rather than actual daily operational activities. If we assume that Karachi Sea Port handles 50% of its total capacity on a daily basis, then the total estimated annual income of Karachi Sea Port could range from $500 million to $1 billion. The activities and earnings from Karachi Sea Port are among some examples illustrating the vast cycle of economic activities and their associated cash flow in Pakistan. #KarachiSeaPort #RevenuePotential #PortEconomics #CargoHandling #MaritimeRevenue #PakistanEconomy #AnnualRevenue #EconomicImpact #PortOperations #TEU #GlobalTrade #DockageFees #KarachiPortTrust #PortCapacity #EconomicActivities

We are delighted to share the exciting news that we have recently expanded reach to 10 nations in the region to our ever-growing roster of destinations, and the list continues to grow. This expansion stands as a testament to the confidence our clients have placed in us, as we venture to new and untapped markets of CARs and beyond. Our dedication extends beyond mere business transactions; it aligns with the broader vision of integrating our economy with those in the region. At the National Logistics Corporation (NLC), we are unwaveringly committed to enhancing export opportunities for our esteemed clients. A few of the distinctive features of our TIR services are given below: - - E2E services available from Lahore / Sialkot / Faisalabad / Karachi/ Peshawar/ Quetta/Gwadar. - Real-time tracking and monitoring - Customs clearance services available on request - Professional and dedicated teams with the - Documentation Help Desk, work out the best routes, rates and deals. For more information, please visit https://lnkd.in/gKtTbTgE #NLC #regionaltrade #TIR #turkiye #azerbaijan #pakistanlogistics #multimodallogistics #endtoendlogistics #transportation #airfreight #seafreight #trucking #export #import #Pakistan #nationallogisticscorporation #Baku #business #europe #freight #uzbekistan #kazakhstan #turkey #tajikistan #China #tajikistan #kyrgyzstan #turkmenistan