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Ports, Logistics & Transportation

Pakistan railways set to become state-of-the-art mode of transport

  Wrecked by thirty years of collapse, bad administration and corruption, the Pakistan Railways unwaveringly going in the right way. The Pakistan Railways management made some substantial developments in financial and operational sides in 2015. It strengthened its passenger operations by improving express trains. It also enhanced number of freight trains and seriously working on growth-oriented projects including some most predominant and much-needed projects under the China-Pakistan Economic Corridor (CPEC). …

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Automobile industry getting ready for more boom

  In Pakistan automobile market trend is enhancing and the next target for the country’s auto sector (2016 to 2021) was to attain the production benchmark of 0.5 million units per annum, which presently is half of it. Experts revealed that the potential investment of $46 billion by CPEC (China-Pakistan Economic Corridor) is a big opportunity for the automobile sector. The optimistic impact analysis of CPEC explains growth in infrastructure …

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Reformed Pakistan railways helps increase revenue

  Pakistan Railways has always remained ahead of all in the nationwide sport activities and keeping that in view it has been planned to raise sports budget for the department from the FY2016-17. Currently the players are rewarded with a gold medal and cash prize of Rs10,000 which would be increased to Rs50,000. China-Pakistan Economic Corridor (CPEC) would also assist develop transportation system of Pakistan. It is also revealed that …

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Pakistan railways back on track

  Deficit is gradually decreasing while better performance is increasing income of the organization After years of poor performance, Pakistan Railways (PR) is now moving on fast track development with much to satisfaction of its customers. Railways has finally reduced its deficit to Rs27.25 billion for fiscal year 2014-15 and earned Rs31.92 billion against the target of Rs28 billion. The cash-strapped Railways has managed to strengthen its fiscal position. “It …

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Automotive development policy 2016-21 to provide more choice to the consumers

  The industry views it as a balanced policy with certain reservations The approval of auto policy 2016-21 by the Economic Coordination Committee (ECC) is aimed at removing uncertainty with regards to future duty structure and investment incentives in the automobile sector of Pakistan. In this regard, the Chief Operating Officer (COO) Indus Motor Company, Mr. Ali Asghar Jamali while reviewing the Auto Policy 2016-2021 approved said that Automotive Development …

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Gwadar port set to emerge as largest business center of the world

  Port has wider scope and brighter prospects as a trade and commerce hub to serve 20 countries in Asia After the formal declaring of Gwadar Port a free trade zone and handing over to China last year, all business affairs of the Gwadar Port in Balochistan now are being carried out by Chinese authorities. Last year, the Pakistan government has formally handed over the 2,281 acres free trade zone …

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New auto policy to bring huge investment in Pakistan

  Finance Minister Muhammad Ishaq Dar has done well in bringing about a consensus prior to presentation and approval of Automotive Industry Development Policy (AIDP) for the next five years. The future will determine whether the new policy will help attract new investment to the automobile and auto-parts industry as the auto assembly is said to be the backbone of engineering industry in a country. The existing auto assemblers want …

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