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World Bank Project: Replacement of Sukkur, Guddu Barrages gates underway

National
May 7, 2021
SUKKUR: As many as five gates of Sukkur and Guddu Barrages have been replaced, while fabrication of several others is underway. This information came to fore during a virtual meeting of the World Bank over the modernization and rehabilitation of Sukkur and Guddu Barrages presided over by Task Team leader François Onimus on Thursday.
Mohiuddin Mughal, Project Director, presented a detailed progress report, saying replacement of the gates of three canals taking off from Guddu Barrage have been completed, while the main barrages gates are under fabrication at a facility in Turkey. The chief resident engineer said 10 out of 65 gates of the main Guddu Barrage have been fabricated in Turkey. Six of those will arrive by end of May. He pledged to install them before the coming flood season. ....

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Government to focus on SME sector to achieve sustainable growth: Tarin

Daily Times
Minister says provision of microcredit will create employment opportunities at local level
May 7, 2021
Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with the Minister for Industries and Production Makhdoom Khusroo Bakhtiyar at the Finance Division to discuss the features of a new credit scheme for the SME Sector. SAPM on Finance & Revenue Dr. Waqar Masood was also present during the meeting. Governor State Bank of Pakistan Reza Baqir joined the meeting through video link.
Governor State Bank of Pakistan briefed the Finance Minister on the proposal for the provision of funds for the small businesses (without collateral) for a tenure up to 3 years through the network of Commercial banks. The banks will design innovative products to reach out to the smaller businesses whereas the government will provide risk sharing facility to the banks, he added. The Governor also shared that, at present, there are around a hundred thousand smal ....

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