Tag Archives: Infrastructure Development

Pakistan Awards $2 Billion Road Contract to China

China

Pakistan has relaxed its bidding rules to directly award a $2 billion contract to China for constructing a critical section of the Karakoram Highway, enhancing its strategic road connectivity with China. At the same time, the government approved a Rs78 billion incentive package for banks and exchange companies to boost foreign remittances. Direct Award of Road Contract to China The …

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Pakistan’s Maritime Sector: Major Investment from Maersk and Government Initiatives

Introduction In a significant development for Pakistan’s maritime sector, Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh has announced plans to travel to Denmark this month to finalize a Memorandum of Understanding (MoU) with Maersk, one of Europe’s leading shipping companies. The agreement, which is set to see Maersk invest $2 billion, aims to transform Karachi into a major transshipment …

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2025 Champions Trophy Likely to Shift from Pakistan to West Indies and USA: Reports

Introduction: The hosting plans for the upcoming 2024 T20 World Cup and the 2025 Champions Trophy are being reconsidered, with reports suggesting a potential shift in venues. The International Cricket Council (ICC) is said to be exploring the possibility of moving the Champions Trophy from Pakistan to West Indies and USA, while compensating the Pakistan Cricket Board (PCB) monetarily for …

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