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: 59 Km - section of 180 km Motorway E35 under finishing work stone pitching.
China's overland Silk Road and Maritime Silk Road Thread
- Thread starter SampanViking
- Start date
: 59 Km - section of 180 km Motorway E35 under finishing work stone pitching.
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Brigadier
136 km Karachi Hyderabad Motorway M-9 to be completed in Aug 2017. Construction work of the remaining 60-kilometer portion of Hyderabad-Karachi Motorway (M-9) project would be completed this month.
An official of National Highway Authority told Radio Pakistan Hyderabad correspondent that the route is being upgraded into a 6-lane.
Our correspondent reports that the 75-kilometer first section of the 136-km Hyderabad-Karachi Motorway was opened for traffic in February this year.
Completed portion of Karachi Hyderabad Motorway M-9.....
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Brigadier
CDA may start ‘Orange Line’ in
The city’s managers may start an ‘Orange Line’ track in the federal capital, the first rail-based mass rapid transit system in the city.
The proposed line will start from and end at Mor where it will be connected to the metro bus track.
An official of the Capital Development Authority (CDA) said that Islamabad mayor and acting CDA chief Sheikh Anser Aziz, Member Planning Asad Mehboob Kayani and other officers on Saturday went to Lahore to get information about the Lahore orange line project.
They are said to have inspected various stations of the Orange Line project and obtained details of the project from the concerned authority.
The mayor has been making attempts for launching a transport project but the Metropolitan Corporation Islamabad does not have funds.
“We did visit Lahore to inspect the Orange Line project and the mayor has been using his office for starting some project in Islamabad,” said Mr Kayani, who also holds acting charge as chief metropolitan officer.
He said various transport projects have been funded under CPEC and that the federal capital has not yet received any such funds.
“We will request the federal government to include this project in ,” he said...
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Pakistan’s Status Grows in Indexes...
Index provider MSCI’s move to promote Pakistan to emerging market from frontier market could prompt more money to flow into the country
Pakistan has gotten a leg up from the indexing world and could get more attention from investors because of it.
In May, index provider MSCI Inc. decided to give Pakistan emerging-market status and added it to the MSCI Emerging Markets Index. MSCI had previously classified the country as a frontier market.
Emerging markets are more economically developed than frontier markets by definition and generally are considered less risky by investors. Much more money is invested in funds that track emerging-markets indexes than in those that track frontier-markets indexes.
“The great thing about being added to an index is that pretty soon there will be inflows of money to the country,” says Satya Patel, a portfolio manager at Matthews Asia in San Francisco. For one thing, when a country is added to an index, funds that aim to track that index need to buy stocks in that country.
“In this case, they will sell dollars and buy Pakistani rupees in order to buy the local stocks,” Mr. Patel says. Ultimately, the inflow of foreign currency helps stabilize a country’s economy, he says. Having a sizable stash of foreign currency typically helps a country maintain the flow of imports and support the home currency on world markets. It also provides reserves for possible use in an economic or political crisis, which can help reassure foreign investors that their money is safe in the country.
Mr. Patel says Pakistan’s new status also may help draw attention to the investment opportunities there, aside from index-related purchases.
“One of the most surprising things is that Pakistani companies are the best-run companies in Asia,” he says. “Part of that has to do with that they have operated in a challenging environment for the past few decades.”
Mr. Constable is a writer in Edinburgh, Scotland. He can be reached at [email protected].
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K-Electric Gets Approval for 900 MW LNG Power Plant
In a notification sent to Pakistan Stock Exchange, K-Electric (KEL) announced in a board meeting held on August 9th, that its Board of Directors had given the approval for development of 900MW (450MW x 2) Regasified Liquefied Natural Gas based Combined Cycle power plant at Bin Qasim Power Station Complex (BQPS-III)
The Board of Directors expressed concern that a favorable result of company’s review petition on Multi-Year Tariff (MYT) determination 2017, which is lying pending with NEPRA, was the key to financing these projects. The power project remains subject to completion of all statutory and regulatory requirements.
KAPCO Expresses Interest in Hub Co Shares
KAPCO has also shown its intent to acquire 14.9pc (172,582,000) ordinary shares of Hub Power Company Limited (HUBC) being offered by Dawood Hercules Corporation Limited (DHCL) and additional shares of 2.46 pc by other shareholders.
Pending regulatory and corporate approvals, KAPCO has put forward a strategic proposal to acquire 17.36 pc shares in Hubco being offered by DHCL which depends on the go-ahead given from the Board of Directors of the former.
KAPCO owns and operates a multi-fuel fired power station of which the principle one is located in Muzaffargarh, Kot Addu, Punjab having a capacity of 1,600MW.
At the time of filing this report, K-Electrics shares were trading at R s7.10, up 0.71% from its close on Wednesday.
Karachi Electric (KE) profits have risen up to Rs. 32.75 billion at the end of financial year (FY) 2016, a net increase of Rs. 4.43 billion in one year.
