FAISALABAD: The Faisalabad Development Authority has proposed the construction of a 40km toll road to connect Satiana Road to the Karachi-Lahore Toll Road from Gaitanwala Chowk.
Providing project details at an FDA meeting chaired by MPA Mian Waris Aziz, FDA Director General Muhammad Suhail Khawaja said that the proposed 40-foot wide toll road would provide fast and fast travel facilities for passengers to travel from Faisalabad to Karachi and Lahore.
He said that the multidimensional development project being drafted by the FDA for urban development according to international standards and the expressway proposal to connect KLM from the city was also part of this development program. He hopes that the distance between Lahore and other cities will be squeezed out on the freeway and that the project will help bring about a social and economic revolution in the area. The meeting unanimously decided to present the expressway project to the Punjab government to extend the request to include it in the Annual Development Program for the next fiscal year.
It was notified to the meeting that the Kashmir Bridge Underpass project would be completed in June provided the remaining funds amounting to Rs150 million from the Punjab government. The MPs convinced the meeting to discuss this issue with the chief minister to extend the request for the provision of the remaining funds to complete the project.
‘Steps to control economic losses caused by corona locking’: The government is working hard to control the economic losses caused by our fragile economy after locking up the corona, said PM Adviser in Trade, Textile and Investment Abdul Razzak Dawood.
Speaking with the management of the Faisalabad Chamber of Commerce and Industry office via a video conference on Thursday, he discussed in detail the problems faced by the business community and the obstacles in the quick disbursement of electricity bills and payment of salaries and wages to employees under the SBP Refinance scheme. He said that the SBP had issued a circular regarding a refinancing scheme for payment of wages and salaries to SME units, which would not lay off workers during locking.
He said that the circular was issued on April 5, but had several differences which caused various sectors to not be able to utilize the facility. He asked the FCCI president to propose amendments needed in a circular so that the maximum sectors could utilize the facility.
Commenting on proposals submitted by the FCCI president regarding the appointment of honorary commercial counselors in countries that do not have great potential for Pakistani exports, the Adviser agreed in principle to appoint honorary commercial counselors from the business community and asked the FCCI president to nominate country-wise exporters who can be appointed as an honorary advisor. Regarding payment of three months electricity bills, Razzak Dawood said that he would discuss the matter with relevant parties.
Earlier, FCCI president Rana Sikandar-e-Azam said that the government had announced a scheme to pay three-month electricity bills for the SME sector. He regretted that instead of facilitating disrupted industrial and commercial units, Fesco not only added late fees to their bills, but their connections were lost. Among these units include textiles and printing, size, powerloom and other sectors.
Regarding the SBP refinancing scheme to pay wages and salaries to SME sector employees to retain their workforce during the lockout period, he said that no practical developments had been witnessed in this scheme. Now, some banks reject their requests on the grounds that they can pay salaries only to staff who get them through their bank accounts. He said that the SBP must issue clear directions to commercial banks to extend this soft loan facility as quickly as possible without creating unnecessary obstacles.
The FCCI president said that the Ministry of Commerce must complete an aggressive export policy to increase exports during the post-corona period. He called South America a huge potential market and said that many countries in the bloc had no share of Pakistani trade.
Superstores visit: Deputy Commissioner Muhammad Ali along with SSP Operations Syed Ali Raza and senior Army officers visit the Al-Fateh store on Jalan Jaranwala and check the availability, quality and prices of important items at the DC Counter. He warned the superstores that strict action would be taken against them if substandard goods were seen at the DC counter during checks. He said that the price control judge was in the field to check the prices of important commodities.
Meanwhile, Deputy Commissioner Muhammad Ali visited the fruit and vegetable market in Ghulam Muhammadabad. He examined the process of auctioning several fruits and vegetables and asked about the vegetable demand from traders and the behavior of the middlemen.
WHEAT RECOVERED: Assistant Commissioner Sadar Umar Maqbool raided the warehouse in Chak 85 / JB and recovered more than 60 tons of stored wheat. The AC directed the Department of Food and Patwari to move wheat from the warehouse to the wheat procurement center in Sir Shameer.