Sara Malam’s Post

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

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

The Federal Government has announced that it will transfer control of the Green Line Bus Service to the Sindh Government in December 2024. This decision was confirmed during a high-level meeting chaired by Sindh Senior Minister Sharjeel Inam Memon. The meeting was attended by key officials from the Sindh Mass Transit Authority and Trans Karachi, where the operational details of the Green Line were reviewed. A comprehensive plan was discussed to connect the Green Line with the Orange Line project, and the Minister directed that the project be completed swiftly. Sharjeel Inam Memon emphasized the importance of the Green Line in Karachi’s public transport system, noting that the Sindh Government is committed to improving public transportation for the city's residents. The Federal Government currently provides an annual subsidy of 2 billion rupees for the Green Line’s operations. However, the Sindh Government plans to review this and introduce additional buses to enhance the service. The Minister also highlighted the significant relief provided by the Sindh Government’s ongoing public transport projects. The meeting concluded with a focus on improving Karachi’s long-standing public transport issues, aiming to provide better services and convenience for citizens through enhanced public transportation infrastructure. . . . #GreenLineBus #SindhGovernment #KarachiTransport #PublicTransport #MassTransit #TransportUpdates #tribunetrends

Lahore: Punjab Finance Minister Mian Mujtaba-ur-Rehman announced that the PML-N government has allocated an impressive PKR 296 billion for the construction and rehabilitation of 2,380 kilometers of roads across the province, as reported on June 14. The Punjab government has allocated significant funds totaling PKR 143 billion for the development of the road sector. This budget will support 528 ongoing projects with PKR 58 billion, ensuring their completion. Another PKR 135 billion will be invested in 483 schemes aimed at refurbishing existing roads. Key projects like Multan-Vehari and Faisalabad-Chiniot-Sargodha roads, long delayed, will receive PKR 6 billion for completion. Additionally, 684 kilometers of roads in South Punjab will be constructed and rehabilitated, including the Muzaffargarh-Alipur Punjnad-Tarada Muhammad Panah Road (PKR 31.48 billion) and Multan-Vehari Road (PKR 13 billion). These initiatives underscore the government’s commitment to improving infrastructure and connectivity across the province. #TheOne #PunjabGovt #Punjabbudget

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

📢 Update on Property Valuations in Karachi The Federal Board of Revenue (FBR) has issued new property valuation rates for Karachi, effective November 1, 2024. This update impacts residential, commercial, and industrial property categories across various neighborhoods in Karachi, specifying values per square foot. Key areas like DHA, Bahria Town, and Clifton have new rates that could influence tax implications and investment considerations. 🏢 Highlights: Higher valuation rates across prime commercial and residential areas, including DHA, Clifton, and Bahria Town. Significant adjustments for flats and apartments, potentially affecting property taxes. Industrial zones like Korangi and SITE also see revised rates, impacting business property valuations. This change reinforces the importance of staying updated on property-related tax policies, especially for investors and homeowners in Karachi. Reach out if you need insights on managing tax impacts or understanding the full breakdown of these changes! #KarachiRealEstate #PropertyValuation #FBRUpdate #TaxImplications #InvestmentInsights #RealEstateTrends #KarachiProperty #PakistanRealEstate #TaxUpdates #CommercialProperty #ResidentialProperty

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 #MassifyMarketing #DigitalMarketing #SEO #ContentCreation #Branding #MarketingStrategy #SocialMediaMarketing #GrowthHacking #BusinessSolutions #MarketingExperts #OnlinePresence #TargetAudience #DigitalTransformation #LeadGeneration #ContentMarketing

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

Working with central government and across the public sector I'm interested to know what impacts this will have on active procurement processes, and those still in strategic development, the purdah period is not as restrictive as it used to be but let me know your thoughts if you work across this space!! #generalelection #purdah #publicsectorprocurement