Azerbaijan Eyes Investment in Pakistan’s M6, M9 Motorways: A Boost for Regional Trade

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Azerbaijan Eyes Investment in Pakistan’s M6, M9 Motorways: A Boost for Regional Trade

In a significant development for Pakistan’s infrastructure and trade ambitions, Azerbaijan has expressed keen interest in investing in two pivotal motorway projects—the M6 (Sukkur-Hyderabad) and the M9 (Karachi-Hyderabad). This marks a promising step toward strengthening Pakistan’s trade corridors and fostering regional connectivity.

Strengthening Ties Through Strategic Investments

This collaboration stems from high-level discussions initiated following Pakistani officials' visit to Azerbaijan. During a recent meeting chaired by Pakistan’s Minister for Investment, Privatisation, and Communications, Abdul Aleem Khan, Pakistan’s Ambassador to Azerbaijan, Qasim Mohiuddin, shared that Azerbaijani institutions are eager to participate in these projects. The proposed government-to-government (G2G) investment model aims to streamline collaboration and ensure mutual benefits for both nations.

Key Motorways in Focus

• M9 Motorway: Spanning 136 kilometers, this crucial route links Karachi to Hyderabad, facilitating efficient passenger and freight movement.


• M6 Motorway: Covering 306 kilometers, this upcoming project will connect Sukkur to Hyderabad, further enhancing Pakistan’s transportation network.

Both projects are integral to Pakistan’s vision of bolstering internal connectivity and reducing travel time between major economic hubs. They also play a significant role in positioning Pakistan as a vital trade corridor between South Asia, Central Asia, and beyond.

Driving Regional Connectivity

Minister Abdul Aleem Khan emphasized the importance of attracting investments from Central Asian nations, including Azerbaijan, to accelerate Pakistan’s infrastructure development. He noted that Azerbaijan’s participation would not only solidify economic ties but also enhance connectivity with Eastern Europe, opening new avenues for trade and collaboration.

Next Steps

Pakistan plans to host Azerbaijani representatives in December to finalize cooperation agreements. The National Highway Authority (NHA), tasked with overseeing the development of these motorways, is actively coordinating with its Azerbaijani counterparts to push these projects forward.

This collaboration promises a win-win scenario—Azerbaijan’s involvement could bring much-needed investment and expertise to Pakistan’s infrastructure sector, while Pakistan’s enhanced road networks will support its ambitions as a regional trade hub. Stay tuned as this promising partnership unfolds!

Rawalpindi Ring Road: A Game-Changer on Track for 2025 Completion

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Rawalpindi Ring Road: A Game-Changer on Track for 2025 Completion

The long-awaited Rawalpindi Ring Road project is steadily progressing, with 37% of the construction now complete. Officials are optimistic about meeting the revised September 2025 deadline, despite initial delays and rising costs.

From Vision to Reality

First approved in December 2021 by the Executive Committee of the National Economic Council (ECNEC), the project was originally estimated to cost PKR 23.6 billion. However, inflation and rising material prices have pushed the revised budget to PKR 39 billion.

Spanning 38.8 kilometers from Banth Mor on GT Road to the Thalian Interchange on the motorway, the Ring Road aims to tackle Rawalpindi's traffic congestion while fostering economic growth in the region. The Rawalpindi Development Authority (RDA) recently announced that earthwork is 100% complete, marking a significant milestone in the project’s journey.

Revised Plans for Timely Delivery

To address escalating costs, a revised Project Concept-1 (PC-I) for PKR 39 billion has been submitted for final approval. Both the Punjab Planning and Development Wing (PDWP) and the Central Development Working Party (CDWP) will review the updated proposal before forwarding it to ECNEC.

Originally scheduled for a 36-month completion, the timeline has been extended to 46 months due to inflation and the need for rigorous quality assurance. Despite these challenges, the RDA is working closely with contractors to expedite the remaining 63% of construction.

A Catalyst for Connectivity and Growth

Awarded to the Frontier Works Organization (FWO) for PKR 26 billion, the project has undergone several revisions to ensure it aligns with current economic realities. With its completion, the Ring Road will enhance connectivity, reduce travel time, and alleviate urban congestion. It is also expected to serve as a catalyst for economic activity, benefiting both residents and businesses.

After being in the planning stages for over three decades, the Rawalpindi Ring Road is finally gaining momentum. The RDA’s commitment to delivering the project on time reflects its importance in shaping the future of Rawalpindi’s infrastructure.

Stay tuned for updates as the Rawalpindi Ring Road inches closer to becoming a transformative reality!

Park View City New Deal DownTown Lahore Commercial On Easy Installment Plan

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Park View City New Deal DownTown Lahore Commercial On Easy Installment Plan

LDA City Lahore: Possession Updates

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LDA City Lahore: Possession Updates

Lahore (Staff Reporter): Possession has already been handed over for Blocks B, D, and E of the LDA City scheme. Now, possession will be given for five more blocks: A1, B1, M, N, and P. This will benefit an additional 2,300 allottees who will receive their plots.

After Block C, development work will continue in more plots within LDA City. Plans have been made for development work in Blocks P, M, and N of the scheme. An estimated Rs. 33 million has been allocated for road construction and other development work in these three blocks.

RDA Launches Rs140 Million Project to Improve Rawalpindi Roads

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The Rawalpindi Development Authority (RDA) has initiated a Rs140 million project aimed at enhancing key roads across the city. This project focuses on removing encroachments, adding cycle lanes, and enforcing traffic rules to promote a safer, more organized environment. Targeted areas include Kachehari Chowk, Rashid Minhas Road, Murir Hasan, Murir Chowk to Murree Road, and Faizabad.

Upon approval, work will begin with improvements such as zebra crossings at intersections to enhance pedestrian safety and a ban on honking near educational institutions. New poles will be installed along footpaths in front of shops to keep cars and motorcycles off pedestrian areas.

Cycle lanes will be marked clearly on the left side of the roads, and speed bumps will be added to control traffic flow. Renovations will be carried out on the Moti Mahal and Committee Chowk underpasses, with upgrades to lighting and an eight-foot height restriction for vehicles. Barriers will be added to prevent wrong-way driving, with spike barriers and reflectors improving overall road safety.

RDA Director General Kanza Murtaza noted that the project aims to refresh these busy routes and curb traffic violations. The initiative will also make footpaths more accessible for pedestrians, with support from the Municipal Corporation to clear footpath encroachments.

Upgrades are also underway on the Metrobus corridor from Saddar to Faizabad, improving both the appearance and functionality of the Metrobus service.

Attention to Plot Holder of LDA City Lahore

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Attention to Plot Holder of LDA City Lahore

Latest Updates on Cheel Chowk Flyover and Walton Road ADA Nala Project in Lahore

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Latest Updates on Cheel Chowk Flyover and Walton Road ADA Nala Project in Lahore

Lahore's transportation landscape is undergoing a significant transformation with the construction of the Cheel Chowk Flyover and Walton Road ADA Nala Project. These projects aim to improve traffic flow, reduce congestion, and enhance connectivity within the city.

Cheel Chowk Flyover

The Cheel Chowk Flyover is a major infrastructure project to ease traffic congestion at one of Lahore's busiest intersections. The project involves the construction of a 1.2-kilometer elevated flyover at the Cheel Chowk intersection on Walton Road. The flyover will provide dedicated lanes for through traffic, reducing wait times and improving overall traffic flow.

Walton Road ADA Nala Project

The Walton Road ADA Nala Project is a long-awaited stormwater management project that aims to prevent flooding and improve environmental conditions in Lahore. The project involves constructing an underground drainage system along Walton Road, which will collect and divert stormwater into the nearby Ravi River. This project will significantly reduce the risk of flooding, improve sanitation, and create a cleaner and healthier environment for residents.

Latest Progress

The Cheel Chowk Flyover and Walton Road ADA Nala Project are progressing steadily. According to the latest updates, the flyover structure is complete, and work is underway on the ramps and approach roads. The drainage system for the Walton Road ADA Nala Project is also nearing completion.

Benefits

Upon completion, these projects will provide numerous benefits to Lahore residents, including:

• Reduced traffic congestion


• Improved traffic flow


• Reduced flooding


• Improved environmental conditions


• Enhanced connectivity

New Metro City Gujar Khan Under Investigation by NAB

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New Metro City Gujar Khan Under Investigation by NAB

The National Accountability Bureau (NAB) has launched an inquiry against New Metro City Gujar Khan. An advertisement has been published inviting affected individuals to submit their applications.

Important Information for Affected Individuals:

• Submission Period: Affected individuals have 30 days to submit their applications.


• Application Process: Applications must be sent according to the specified procedure detailed in the advertisement.

This investigation aims to address the grievances of those affected by the project. The NAB's involvement underscores the seriousness of the concerns raised and the commitment to ensuring accountability and justice.

If you are an affected individual, make sure to submit your application within the stipulated time frame and according to the guidelines provided.

Stay informed and proactive in securing your rights.

نیو میٹرو سٹی گوجرخان کے خلاف NAB قومی احتساب بیورو میں انکوائری شروع ‏متاثرین نیو میٹرو سٹی کو درخواستیں دینے کیلیے اشتہار شائع کر دیا گیا ‏متاثرین 30 دن کے اندر اپنی درخواستیں دیئے گئے طریقہ کار کے مطابق ارسال کر سکتے ہیں

Unlock Exclusive Discounts on Possession Charges in Park View City Lahore Before the Price Hike!

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Are you a member of Park View City Lahore? Here’s some fantastic news for you! Due to rising material costs, Park View City is adjusting its possession charges, but to help our valued members, we’ve extended our exclusive discount offers on possession charges until November 15, 2024.

Avoid Price Hikes: Lock in Possession Charges Now!
Starting November 16, 2024, possession charges will increase by PKR 50,000 per marla for residential plots and PKR 100,000 per marla for commercial plots. To avoid these higher rates, take advantage of our current discount program and secure your plot at today’s rates. Complete your due or overdue installments, advance payments, or late payment surcharges (LPS) before the deadline to benefit from these exclusive savings.

Discount Details for Park View City Lahore Members:
Residential and Commercial Blocks: This discount program applies to all blocks, whether residential or commercial.

Possession Charges Discounts:

20% Discount on full payment of possession charges.
10% Discount on 50% payment of possession charges.
Advance Payments:

20% Discount on all advance payments for upcoming installment payments.
Installment Discounts:

10% Discount on any due or overdue installment payments.
Late Payment Surcharge (LPS):

100% Waiver on late payment surcharges, allowing you to settle any past dues without additional penalties.
Why This Offer is Important for Park View City Members
The extension provides a valuable opportunity to avoid increased costs and potentially save a significant amount. With materials costs steadily rising, the new possession rates reflect the changing market. However, by acting now, you can lock in current rates and enjoy considerable savings, especially with the full payment and advance discounts.

How to Avail of These Discounts Members should act quickly to ensure they meet the November 15, 2024, deadline. Simply visit the Park View City Lahore customer service office or contact your representative to arrange payment and secure your discounts.

Final Call – Secure Your Savings Today!
With the deadline fast approaching, don’t miss out on these limited-time offers. Take advantage of these exclusive discounts, settle your dues, and make the most of this extended period to complete payments on your residential or commercial plot at Park View City Lahore.

Issuance of NOC From NAB Regarding Merger of State Life with Lake City

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Issuance of NOC From NAB Regarding Merger of State Life with Lake City