Tag Archives: completion

The PM stressed the timely completion of the project for a solution to the Karachi – Pakistan problem | Instant News

Published in November 26, 2020 10:17 p.m.

Imran Khan said the damage caused by rainwater in Karachi was caused by the construction of an illegal sewer.

ISLAMABAD (Dunya News) – Prime Minister Imran Khan on Thursday emphasized on a permanent solution to the Karachi problem and the timely completion of all projects in this regard.

He chaired a high-level meeting on the Karachi Transformation Plan, in Islamabad on Thursday.

The meeting informed that more than 100 projects were planned under the Karachi Transformation Plan to be completed at a cost of 1.117 trillion rupees. These projects have been divided into three stages in terms of completion.

On the occasion, Imran Khan said that the damage caused by rainwater in Karachi during the rainy season every year is caused by the illegal construction of waterways.

The prime minister clearly directed that alternative arrangements should be made in advance for the rightful Karachi residents before eliminating encroachment.

The meeting was attended by Federal Minister Sheikh Rasheed Ahmed, Asad Umar, Faisal Wawda, Financial Advisor Dr Abdul Hafeez Sheikh and Army Chief of Staff General Qamar Javed Bajwa.

There are no additional burdens on home loan borrowers

Earlier today, the current prime minister chaired the weekly meeting of the National Coordinating Committee for Housing, Construction and Development directed that no additional burden should be placed on those who intend to secure loans in easy installments for the construction of their homes under Naya Pakistan. Housing Scheme.

Imran Khan has directed to simplify the NOC procedure and approval process for the supply of new electrical connections.

The Prime Minister said at the moment, there is no shortage of electricity in the country and therefore, there is no reason to delay the provision of new connections.

He said the government aims to provide shelter for the community, therefore simple facilities and procedures must be ensured.

PM Imran explained that as current procedures pose difficulties for the construction sector, the lengthy approval process for utility connections must be simplified.

Describing a meeting on the Pakistan Quarters housing project, which is underway, in Karachi, the Secretary for Housing and Works said 600 apartments will be built under the project.

On this occasion, the Prime Minister was directed to provide facilities to Pakistani citizens abroad, who intend to invest in Pakistan.

From the meeting it was informed that an online mechanism was being formulated for the NOCs needed to obtain new gas connections.


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The government links amnesty with builders to project completion | Instant News

KARACHI: The government has excluded builders from disclosing the source of investment if they complete a new housing project in less than two years, a tax official said on Thursday.

Abdul Hameed Memon, the chief commissioner of Inland Income at the Karachi Intermediate Taxpaying Unit told media that the money-bleaching scheme for new housing projects will only take effect if the project is completed within 21 months.

“Immunity to undisclosed money to be used in new housing projects only applies if the project is completed by September 2022,” said Memon after a session with builders and developers from Sindh and Balochistan on tax relief packages.

“FBR (Federal Board of Revenue) will not ask for investment sources from developers and builders if they deposit money into new bank accounts before December 31 for new housing projects.”

The tax official said the government through amendments to the tax law announced an aid package for the construction sector.

The package has two types of benefits: immunity from questioning the source of the investment; and reduced income tax rates in the form of a fixed tax regime for builders and developers.

The chief commissioner said the package would help boost activity in the construction sector and generate significant economic growth.

Tax officers share presentations with builders and developers about immunity from section 111 of the 2001 Income Tax Ordinance. The section attracts criminal action for individuals who hide assets from tax authorities.

The commissioner said article 111 would not apply to individuals if the individual kept the money in a new bank account until December 31 or had ownership / rights to the land invested on April 17.

In the case of companies or associations of persons, the clause will not apply if the company or association of persons with the sole purpose of registering between 17 April and 31 December.

The commissioner said there were other exemptions and benefits in the tax package and investors would be exempt from having to cut taxes on purchases of building materials except cement and steel. They will be exempted from the withholding tax requirement on the acquisition of services related to construction except those from companies.

Individuals involved in low-cost housing projects will be awarded a 90 percent reduction in their fixed tax obligations, the commissioner said. In addition, dividends paid by construction companies or developers will not be taxed and there will be no deductions for dividend payments, he said.


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CM requests an early completion of the Orange Line project | Instant News

KARACHI – Chief Minister of Sindh Syed Murad Ali Shah has directed the transportation department to complete the Orange Line project infrastructure, secure an effective ADB Red Line loan and complete the Yellow Line design so that work can begin for a greater interest. Karachi city. This he said on Tuesday while chairing a meeting of the Sindh Transport department to review the progress of the BRT system.

The meeting was attended by Transport Minister Awais Qadir Shah, Chairman of P&D M. Waseem, Administrator Karachi Iftikhar Shallwani, Commissioner Karachi Sohail Rajput, Transport Secretary Shaiq Ahmed and project consultants. The Chief Minister said that the BRT project planned by his government had begun to mature, therefore the transportation agency had to set a deadline for the groundbreaking. During the meeting it was informed that the Orange Line, which was renamed BRT Abdul Sattar Edhi, is 3.88 km long which has four bus terminals and one bus terminal has been launched by the provincial government from its resources of Rs 2.36 billion.

The route starts from TMA Office Orangi Town to Jinnah University for Women Nazimabad, Karachi. M / s NESPAK is a project design and supervision consultant.

Sindh Transport Minister Awais Qadir Shah told the Chief Minister that the BRT infrastructure was almost complete but was delayed due to the completion of the Green Line because it had to be integrated with it. The Chief Minister directed him to finish the remaining work and report to him. P&D Chairman Mohammad Waseem told the Chief Minister that the BRT Red Line had three packages, including engineering, procurement and construction management (EPCM) and operation design; the other is Project Management, Coordination and Capacity Building (PMCCB), he said, adding that in this package the capacity building of the Sindh Mass Transit Authority and the TransKarachi BRT Company is ongoing.

The third package is Business Operations, Design and Management (ODBM). Under this package the consultant develops operational plans, financial models, transport models and restructuring of the bus industry. Awais Qadir Shah said that all consultants and TransKarachi will support the Sindh government in procuring procurement to select contractors for civil works and suppliers for all project equipment such as BRT vehicles, smart transportation systems and tariff systems. Responding to the Chief Minister’s question, Awais Qadir Shah said that the consultant in charge of detailed engineering design had almost completed the design and draft version of the drawing and had submitted it for review and comment by the project director.

The P&D Chair told the Chief Minister that the project consultant selection committee had selected the qualified consultants and was now waiting for the Asian Development Bank NOC to issue the RFP.

It should be noted that the Red Line project cost was Rs74,679.4 million.

It was also informed that the World Bank has agreed to implement the Yellow Line project with the aim of improving urban mobility, road accessibility and safety in Karachi, through the construction of a Yellow Line BRT Corridor, including a 22 km Yellow Line BRT corridor, drainage, lighting, stations, terminals and depot.

The Chair of P&D Waseem said that the project concept paper had been approved by the PDWP which had been sent to the Development Planning and Planning Reform Commission for consideration and approval in the CDWP.

CM Sindh was informed that the PC-1 had been prepared, based on the preliminary design, for Rs61 billion which had been approved by ECNEC.

Transportation Minister Awais Qadir Shah said the Yellow Line would be a 22 km long route starting from Dawood Chowrangi, Korangi via Korangi 8000 road and Korangi Street via Shahrah-e-Faisal and Shaharah-e-Quaindeen and would be integrated at the Numaish BRT station. He added that it will have eight Underpasses and two U-turn Elevated, 268 Hybrid Technology diesel buses, and 28 stations, including 22 on level and six underground.

The Chief Minister directed the Ministry of Transportation to initiate the procurement process for the procurement of consulting services for the preparation of design details. Awais Qadir Shah said that the recruitment of key positions such as environmental, communications, gender, social, procurement and financial management specialists is in progress.

The Chief Minister directed the transport department to get the consultants on board as quickly as possible. “I will start these two projects, the Yellow Line and the Red Line, so that they can be completed within two years,” he concluded.


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