ISLAMABAD: The Manila-based Asian Development Bank has communicated to the Power Division in plain words that it will not extend $400 million loan for multi-billion dollars Advanced Metering of.
Multi-million dollars AMI project: No loan if scope of project gets changed, ADB tells Power Division thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
July 13, 2021
ISLAMABAD: Pakistan and China have so far remained unable to narrow down their differences over estimated cost of much-awaited construction of Mainline-1 (ML-1) rail line from Karachi to Peshawar, however, this multibillion-dollar project will be part of agenda of upcoming Joint Coordination Committee (JCC) meeting.
The JCC, under China Pakistan Economic Corridor (CPEC), is scheduled to hold a virtual meeting on July 16, 2021 and financing of ML-1 will be part of the agenda of the meeting.
Pakistan’s approving forums, including Central Development Working Party (CDWP) and Executive Committee of National Economic Council (ECNEC), had granted approval of ML-1 at estimated cost of $7.2 billion, however, the Chinese side had worked out its cost hovering over $9.2 to $9.5 billion, indicating that there was a gap of over $2 billion in the estimation cost of this seven to eight years project.
July 13, 2021
ISLAMABAD: Pakistan and China have so far remained unable to narrow down their differences over estimated cost of much-awaited construction of Mainline-1 (ML-1) rail line from Karachi to Peshawar, however, this multibillion-dollar project will be part of agenda of upcoming Joint Coordination Committee (JCC) meeting.
The JCC, under China Pakistan Economic Corridor (CPEC), is scheduled to hold a virtual meeting on July 16, 2021 and financing of ML-1 will be part of the agenda of the meeting.
Pakistan’s approving forums, including Central Development Working Party (CDWP) and Executive Committee of National Economic Council (ECNEC), had granted approval of ML-1 at estimated cost of $7.2 billion, however, the Chinese side had worked out its cost hovering over $9.2 to $9.5 billion, indicating that there was a gap of over $2 billion in the estimation cost of this seven to eight years project.
Daily Times
July 12, 2021
Amid sizzling temperature of above 40 degree centigrade coupled with long hours, unannounced power outages have started adversely affecting people and industrial production owing to a substantial energy shortfall of about 600 megawatt in Khyber Pakhtunkhwa gripped by severe heat wave since the start of this month.
As sun is spewing out severe heat, people in Peshawar’s peripheries, southern districts including Bannu and Dera Ismail Khan besides merged areas were witnessing the brunt of
load-shedding for about 10-14 hours daily, especially on high loss feeders forcing consumers to install solar systems, purchase generators and UPS besides water pools to protect their loved ones from the scorching heat.