AIRLINK 189.64 Decreased By ▼ -7.01 (-3.56%)
BOP 10.09 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.68 Decreased By ▼ -0.01 (-0.15%)
FCCL 34.14 Increased By ▲ 1.12 (3.39%)
FFL 17.09 Increased By ▲ 0.44 (2.64%)
FLYNG 23.83 Increased By ▲ 1.38 (6.15%)
HUBC 126.05 Decreased By ▼ -1.24 (-0.97%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.77 Increased By ▲ 0.01 (0.21%)
KOSM 6.58 Increased By ▲ 0.21 (3.3%)
MLCF 43.28 Increased By ▲ 1.06 (2.51%)
OGDC 224.96 Increased By ▲ 11.93 (5.6%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.74 Increased By ▲ 0.87 (2.13%)
PIAHCLA 17.19 Increased By ▲ 0.37 (2.2%)
PIBTL 8.41 Increased By ▲ 0.12 (1.45%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 193.09 Increased By ▲ 9.52 (5.19%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 24.02 Decreased By ▼ -0.05 (-0.21%)
SEARL 94.54 Decreased By ▼ -0.57 (-0.6%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.93 Decreased By ▼ -0.38 (-0.94%)
SYM 17.77 Decreased By ▼ -0.44 (-2.42%)
TELE 8.66 Decreased By ▼ -0.07 (-0.8%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.65 Decreased By ▼ -1.71 (-2.66%)
WAVESAPP 10.28 Decreased By ▼ -0.16 (-1.53%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 3.97 Decreased By ▼ -0.03 (-0.75%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

The Ministry of Textile has been allocated about 700 acres of land for the proposed "Textile City on soft terms to set up industrial units, the Senate Standing Committee on Ports and Shipping was informed in a meeting held at Port Qasim Authority secretariat with Senator Mrs Gulshan Saeed in the chair. The meeting was attended by Senators Mohammad Akram, Mohammad Amin Dadabhoy, Tahir Iqbal, Liaquat A Banglzai, Dr Abdullah Riaz, Mrs Saadia Abbasi, besides the PQA Chairman, Rear Admiral Saleem Ahmed Meenai, officials of PQA and acting secretary Ports and Shipping S.M Hassan Zaidi.
The meeting was informed that some 8000 jobs would be generated in the Textile City. The committee was told that 400-acre had been allotted to Al-Watan Industrial Zone for Overseas Pakistanis to establish small industrial units.
A media city would also be established at Port Qasim to highlight economic and commercial activities. Other projects include LPG Terminal costing $25 million, Liquid Cargo Terminal $11.4 million and second container terminal costing $211 million, second oil jetty $20 million and other projects that would create jobs for thousands of unemployed people and help in poverty alleviation.
The committee was briefed about existing port facilities and future requirements, port operation, performance of Port Qasim Authority, Shipping Intelligence and security arrangements at Port Qasim, on-going industrial and commercial projects and other related matters.

Copyright Associated Press of Pakistan, 2005

Comments

Comments are closed.