News

RS6.83b allocated for ongoing transport schemes.

RealEstate Agent 12/05/2018

Rs6.83b allocated for ongoing transport schemes

KARACHI: Like other sectors, the transport sector also did not receive any new development schemes in the provincial budget for the fiscal year 2018-19 announced on Thursday.

No allocation was made in the budget for the procurement of buses for the Green Line Bus Rapid Transit (BRT) scheme. The BRT is currently under construction with funds provided by the federal government. However, after the expected completion of the BRT from Surjani Town till Gurumandir in June, the project will be handed over to the provincial government for which it will have to procure buses.

#Karachi #Sindh #Pakistan

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Italian superbike manufacturer begins operations in Pakistan.

RealEstate Agent 12/05/2018

Launched by Ravi Group Pakistan, Italian superbike manufacturer Aprilia offers a diverse range of top-end motorbikes to enthusiastic bikers with its premium features and powerful engines. The company is a subsidiary of Piaggio & C. SpA which is also parent to Vespa, Gilera, Derbi, Moto Guzzi, and Scarabeo. In Pakistan, several Aprilia bikes are available including Tuono V4 1100 RR, Tuono 125, Dorsoduro 900, and Shiver 900. These bikes come with the company’s official after-sale services and warranties.

#Italy #Pakistan

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China to build one of the largest oil rafinery in Pakistan near Lahore

RealEstate Agent 10/05/2018
  • #China to build one of the largest oil refinery in #Pakistan near #Lahore

#ISLAMABAD: One of the largest Oil Refinery is likely to be built near Lahore to cater for the energy needs of the province.

The Chinese company has initiated work on the feasibility for setting up deep conversion oil refinery close to Lahore for catering to the upcountry’s needs. The estimated cost of the mega refinery hovers at $6 billion including the construction of the crude oil pipeline from port city to Lahore.

On the sidelines of Boao Economic Forum recently held in the month of April in China and attended by Prime Minister Shahid Khaqaan Abbasi, Pakistan State Oil (PSO) and Power China for the construction of the upcountry deep conversion oil refinery and crude oil pipeline. The project will help reduce the cost of transporting petroleum products via road from refineries in southern areas and also ensure uninterrupted supply.

Pak-China working group on setting up mega project of oil refinery in Lahore has been set up and to this effect Chinese company has started working on the feasibility study. Petroleum Division (Energy Ministry) has written a letter to the government of Punjab asking for the allocation of 1000-1200 acres of land, a senior official told The News.

Keeping in view increasing POL needs after the completion of projects under CPEC umbrella, Pakistan is going to install two mega deep conversion oil refineries one at Lahore and other at Khalifa Point, HUBCO and more importantly the government has asked the existing oil refineries to upgrade. Upcountry refinery to be set close to Lahore and Khalifa Point refinery will produce the POL products at par with the Euro-5 products. The Lahore refinery will be having the capacity to refine 2500,00-300,000 barrels per day.

To a question, the official said that Lahore refinery will be provided the crude oil through a pipeline that will be laid down either from Karachi or from Somiani port, Balochistan. The experts say the laying of pipeline from Somiani will be more feasible and practical as in Karachi, the congestions of pipeline has aggravated.

The official said that this very vital project will be executed under Public Private Partnership (PPP) mode. By 2030, the demand of the petroleum products in upcountry that include Punjab, KPK, and Northern Parts of the country will inflate up to 60 million tons and it is a wakeup call for the existing refineries to upgrade themselves to cater to the future needs of the country.

More importantly, the financial closure of Khalif Point Refinery has also been achieved. Pak-Arab Refinery Company (PARCO) will establish Khalif Point Refinery with a capacity to refine the crude oil up to 300,000 barrels per day.

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Halka-Dikhan Motorway: Project to be completed by year-end

RealEstate Agent 10/05/2018

#Hakla-#DIKhan Motorway: Project to be completed by year-end

ISLAMABAD: The under-construction Hakla-DI Khan Motorway project will be completed by the end of this year, which will reduce travel time and boost economic activities in less developed areas of #Punjab and #KhyberPakhtunkhwa. The four-lane 285-kilometre north-south motorway is being developed as part of western alignment of the China-Pakistan Economic Corridor (CPEC), an official of the National Highway Authority (NHA) told APP on Tuesday.

The motorway continues to advance before terminating near the town of #Yarrik, north of DI Khan city. For ensuring timely completion, the Hakla-DI Khan Motorway has been divided into five phases including Yarik-Rehmani Khail section, Rehmani Khail-Kot Belian section, Kot Belian-Tarap section, Tarap-Pindi Gheb section and Pindi Gheb-Hakla Interchange section.
#KPK #Pakistan #CPEC

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Lahore: Ring Road Southern Loop and SUI GAS Soiciety Phase 2

RealEstate Agent 01/02/2018

Sui Gas Society Phase 2

Positioned at Main Raiwind road. The Phase 2 of Sui Gas Officers Cooperative Housing, is located among the city’s top housing societies nearby.

Phase 2

Ring Road Southern Loop (SL III)

The Lahore Ring Road Southern Loop (SL III) has started proving advantageous for the housing societies, as a result prices have started increasing there.

Furthermore, Sui Gas Phase Society PH2 is just 2 km away from its main interchange at Adda Plot and because of it, it is about to start reaping the linked benefits 0f it.

Hence, the SL III is a major development. In conclusion, seems like its development pace will create a major difference in investments and especially property trade in the future…

As a major production facility, Sui Gas Field hosts the country’s largest gas compressor station and a purification plant.

Despite diminishing reserves over time, Sui Gas Field still remains one of the largest natural gas producing field in Pakistan. It contributes substantially to the country’s requirements with daily production of around 421 MMcf.

Sui gas field accounts for 6% of Pakistan’s gas production. Remaining reserves are estimated to be at about 2 trillion cubic feet (57×109 m3) and the daily production is around 604 million cubic feet (17.1×106 m3)

Law and order situation in Balochistan is a matter for concern for PPL. Repeated attacks on supply lines of natural gas has become an order of the day. Chief of Army Staff Ashfaq Pervez Kayani has ordered that Frontier Corps (FC) will take charge of Sui gas fields and army soldiers will be withdrawn from all over the province.

 

Read more of our posts, click here.

Read more about SUI Gas Phase 2, click here.

 

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Pakistan infrastructural development growth by Chinese contribution

RealEstate Agent 27/01/2018

pk

Islamabad: The Chinese firms have been investing in infrastructure development including electricity generation and that $35 billion out of CPEC’s investment would be reserved for energy projects.

According to the report, Pakistan will become self-sufficient 2018 with the addition of 10 Thousand megawatts.

By 2023 and 2025, another 15,000 megawatts will also be added to the country’s electric output.

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Overseas Pakistanis Commission helps reclaim land

RealEstate Agent 25/01/2018

Lahore: Land worth PKR 18.5 million was reclaimed by the Overseas Pakistanis Commission (OPC) Punjab on the complaint of an overseas Pakistani, according to a news report. The report further detailed that OPC Punjab Vice-Chairperson Shaheen Khalid Butt and Commissioner Afzaal Bhatti explained that an expatriate, Muhammad Razzaq, had filed a complaint with OPC that his wife’s six acres of agricultural land in Toba Tek Singh had been occupied by some people.

They explained that his complaint had been forwarded to District Overseas Pakistanis Committee which had taken action with police assistance and returned the land to the owner.

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Water and Sanitation Agency calls for an increase in watter tariffs.

RealEstate Agent 24/01/2018

Rawalpindi: Water and Sanitation Agency (WASA) Managing Director – Raja Shaukat Mahmood empasised the need for increasing the water tariffs by up to 300 per cent, as seen on a news source.

In almost ten years water tariffs haven’t been increased and its employees under financial stress, Mahmood explained.

Water and Sanitation Agency Workers Union Chairman Raja Hussain also agreed with the Managing Director call.

They stressed, the only way out of the situation, was for either the government to increase subsidy for the agency or for water tariffs to be increased.

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Poor HR policies cause low investments in Pakistan

RealEstate Agent 24/01/2018

Eye_Of_Lahore_Minar_e_Pakistan_evening

Lahore: Due to government flaws, investments in Pakistan remain difficult to achieve.

Skewed tax rates, bad governance and corruption are some of the policies that cause all this low interesting on investments.

Also, the cost of production increases if the manufacturers fail to provide comfortable workspace to their workers.

Working in low quality conditions reduces productivity and the results are seen in the final cost of a product.

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