AIRLINK 193.70 Increased By ▲ 0.20 (0.1%)
BOP 9.89 Increased By ▲ 0.25 (2.59%)
CNERGY 7.64 Increased By ▲ 0.11 (1.46%)
FCCL 37.65 Decreased By ▼ -0.05 (-0.13%)
FFL 15.57 Decreased By ▼ -0.03 (-0.19%)
FLYNG 25.58 Decreased By ▼ -0.01 (-0.04%)
HUBC 129.48 Increased By ▲ 2.41 (1.9%)
HUMNL 13.57 Increased By ▲ 0.07 (0.52%)
KEL 4.64 Increased By ▲ 0.06 (1.31%)
KOSM 6.27 Increased By ▲ 0.17 (2.79%)
MLCF 44.15 Increased By ▲ 0.19 (0.43%)
OGDC 205.30 Increased By ▲ 2.06 (1.01%)
PACE 6.50 Increased By ▲ 0.10 (1.56%)
PAEL 40.79 Decreased By ▼ -0.19 (-0.46%)
PIAHCLA 17.30 Decreased By ▼ -0.19 (-1.09%)
PIBTL 8.05 Increased By ▲ 0.39 (5.09%)
POWER 9.15 Increased By ▲ 0.07 (0.77%)
PPL 175.69 Increased By ▲ 1.44 (0.83%)
PRL 38.00 Decreased By ▼ -0.07 (-0.18%)
PTC 24.40 Increased By ▲ 0.33 (1.37%)
SEARL 107.50 Increased By ▲ 0.26 (0.24%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SSGC 38.70 Increased By ▲ 2.30 (6.32%)
SYM 19.27 Increased By ▲ 0.23 (1.21%)
TELE 8.59 Increased By ▲ 0.35 (4.25%)
TPLP 12.40 Increased By ▲ 0.62 (5.26%)
TRG 66.00 Increased By ▲ 1.12 (1.73%)
WAVESAPP 12.79 Increased By ▲ 1.16 (9.97%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.90 Increased By ▲ 0.05 (1.3%)
BR100 11,841 Increased By 72.7 (0.62%)
BR30 35,315 Increased By 351.3 (1%)
KSE100 112,342 Increased By 854.8 (0.77%)
KSE30 35,220 Increased By 285.9 (0.82%)

ISLAMABAD: A preparatory meeting on China-Pakistan Economic Corridor (CPEC) Joint Working Group (JWG) on Transport Infrastructure observed that due to negligence of the previous regime, the depth of Gwadar port has decreased to 11 meters which should be 18 meters deep for navigation of big ships; it had led to hindering the anchoring of big ships on the port.

The meeting also expressed concerns on the ML-1 Railway Project which should have been started in 2018 but the delay has caused huge financial loss to the national exchequer. It directed Railway authorities to speed up processing of ML-1 project.

Minister of Planning Development and Special Initiatives Ahsan Iqbal chaired a preparatory meeting on a joint working group on transport infrastructure on Friday which was attended by officials from CPEC Authority, NHA, Gwadar Port Authority and senior officers from the Ministry of Planning and Railways.

On the observation for decreasing 11 meters’ depth of Gwadar port, the Minister directed to take urgent measures to initiate dredging process at Gwadar Port so that Gwadar port will be made a viable transportation of big ships.

Minister for Planning has also expressed his concerns on the ML-1 project and took notice that the project should have been started in 2018 but the delay has caused huge financial loss to the national exchequer.

The minister also directed to evaluate the cost of 250 km/hour track for the future viability of the project.

He asked Railway authorities to speed up the processing of ML-1 project. Minister emphasized that laying down fibre optic cable project should be integrated within ML-1 to economize the project.

The minister said that the Karachi Circular Railway (KCR) is another important mass-transit project which should be executed on the same model as Orange Line in Lahore.

Copyright Business Recorder, 2022

Comments

Comments are closed.