Lead Pakistan

The Economic Coordination Committee (ECC) of the Cabinet will take up today an 11-point agenda that includes the extension of lease to Chinese contractors of the Saindak copper-gold project and the revival of tax concessions to Chinese power producers as part of the efforts to attract investment to the second phase of the China-Pakistan Economic Corridor (CPEC). To be presided over by Finance Minister Shaukat Tarin, the ECC will also consider a payment plan for public-sector power producers on the pattern of independent power producers (IPPs) as part of revised tariff agreements of 2020. Metallurgical Corporation of China (MCC) and state-owned Saindak Metals Ltd (SML) signed an agreement in 2017 under which the Chinese firm kept on operating the Saindak copper-gold project for five years. The lease is set to expire on Oct 30. The two companies had originally signed in 2002 a 10-year contract, which was extended for five years in 2012. The terms of contract have been kept confidential a...

  ECNEC approves 535 Km 4 lanes 4 provincial highways Rs129.9bln road improvement programme for Punjab CPEC East West corridor link  204-kilometre 4 lanes connecting GT Road(N-5) Chichawatni, Rajana with Lahore Abdul Hakeem Motorway (M-3), Pirmahal Shorkot link Faisalabad Multan Motorway (M-4) link Chowk Azam, Layyah and Taunsa Indus Highway N-55  150km 4 lanes  Depalpur-Pakpattan-Vehari road 107km 4 lanes Pansera Motorway Interchange M-4 Jhang bypass-Shorkot road 75km 4 lanes Hasilpur-Bahawalnagar road.

 The Lahore-leg of Pakistan Super League (PSL) 7 is set to commence on Thursday as league leaders Multan Sultans take on Peshawar Zalmi at the iconic Gaddafi Stadium. The preparations to host Pakistan’s premier T20 tournament are already underway at the stadium with PSL management exploring new and unique avenues to attract fans. Keeping up with the tradition of promoting Pakistani culture, PSL management has constructed a unique truck-art-inspired commentary box for the tournament.