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Sapphire-Bay: Project to generate Rs25b revenue, PM told


National
May 21, 2021
ISLAMABAD: Prime Minister Imran Khan was briefed on progress on the Sapphire-Bay project under the Ravi City on Thursday.
He was informed that the revenue, to be received from the 2,000-acre project, had been estimated at Rs25 billion. Besides, the project would generate a total of Rs150 billion in economic activities.
Two more Ravi City sub-projects including Zones 4, 5, 7 and the island would soon be available for investment. The revenue received by the government from these was estimated to be Rs130 billion in total and together it will lead to economic activities of Rs750-900 billion.
Thus, the PM was informed that the work started on 15,000 acres of Ravi City project would result in a total economic activity of Rs1,000 billion by December this year, which would provide ample employment opportunities in the country. ....

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Sapphire-Bay Project to generate Rs25 bn revenue, PM told


National
May 21, 2021
ISLAMABAD: Prime Minister Imran Khan was briefed on progress on the Sapphire-Bay project under the Ravi City on Thursday. He was informed that the revenue, to be received from the 2,000-acre project, had been estimated at Rs25 billion. Besides, the project would generate a total of Rs150 billion in economic activities.
Two more Ravi City sub-projects including Zones 4, 5, 7 and the island would soon be available for investment. The revenue received by the government from these was estimated to be Rs130 billion in total and together it will lead to economic activities of Rs750-900 billion.
Thus, the PM was informed that the work started on 15,000 acres of Ravi City project would result in a total economic activity of Rs1,000 billion by December this year, which would provide ample employment opportunities in the country. ....

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Oil price hike impact passed to masses to avert loan burden: PM - Pakistan


Prime Minister Imran Khan has said the government was compelled to pass on the impact of oil prices to consumers to avert additional debt burden on the country. APP/File
ISLAMABAD: Prime Minister Imran Khan has said the government was compelled to pass on the impact of oil prices to consumers to avert additional debt burden on the country.
Speaking to a private television channel during his visit to North Waziristan on Wednesday, which was aired on Friday night, Prime Minister Khan said the country could not afford more loans to keep petroleum prices at the minimum benchmark.
He said devaluation of rupee had impacted prices of petroleum products, pulses, ghee and other imported items, which gave rise to inflation. ....

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