ISLAMABAD: The government has released a sum of Rs6,952.776 million for various water and power projects in the annual Public Sector Development Programme (PSDP) for the fiscal year 2018-19 so far.
According to the data of Planning Commission, an amount of Rs6,872.230 million out of the total
Rs61,616.962 million has been released for water projects and Rs80.546 million out of Rs33,365.570 million for power projects.
A sum of Rs1300 million was released for Extension of Right Bank Outfall Drain (RBOD-II) from Sehwan to Sea, Rs400 million for Kachhi Canal Project, Rs300 million for Remedial Measure to Control Water Logging (Muzaffargarh), Rs200 million for Remodeling of Warsak Canal System (Peshawar) and Rs200 each for Lower Indus Right Bank Irrigation and Drainage (RBOD-I) Qamar-Shahdad Kot and Makh Farash Link Canal Project.
An amount of Rs 400 million was released for Nai Gaj Dam (Dadu), Rs.00 million for Raising of Mangla dam Project, Rs198 million for Kurram Tangi Dam, Rs200 million for Darwat Dam Project, Rs200 million for construction of small storage dams (Balochistan), Rs100 million each for construction of Mangi dam (Quetta), and Sanam, Palai and Kundal Dams,, Rs80 million for Ghabir dam (Chakwal) and Rs160 million for Basool dam (Gwadar).
A sum of Rs40 million was released for construction of 132KV grid station at Dadar, Rs20.546 million for construction of 132 KV grid station at Deep Sea Port (Gwadar) and Rs20 million for 132KV at Isplinji (Mastung).
Tokyo bourse closes in the green
TOKYO: Shares edged up today with investors expressing relief as US President Donald Trump appeared to take a softer stance on his thorny trade dispute with Japan.
The key Nikkei 225 index rose 0.31 percent, or 65.36 points, to close at 21,182.58, while the broader Topix index was up 0.38 percent, or 5.79 points, at 1,547.00.
“Players were relieved as President Trump did not take a tough stance on the US-Japan trade issue,” Daiwa Securities chief technical analyst Eiji Kinouchi told AFP.
After a fun-filled weekend of golf and sumo, Trump and Japanese Prime Minister Shinzo Abe held formal talks Monday, with trade and tensions with North Korea topping the agenda.
Ahead of their talks, Trump hinted that tough negotiations on their bilateral trade could wait until after July elections in Japan.
Trump tweeted: “Great progress being made in our Trade Negotiations with Japan. Agriculture and beef heavily in play.”
In remarks after the closing bell, Trump also told reporters: “We hope to have even more to announce on the trade, very very soon.”
The dollar fetched 109.52 yen in Asian afternoon trade, against 109.29 yen in New York late Friday.
In Tokyo, Nissan was up 0.97 percent at 747.8 yen after news that its French alliance partner Renault and Italian-US auto giant Fiat Chrysler are weighing a potential merger.
Its rival Toyota gained 0.79 percent to 6,554 yen while Honda was down 1.11 percent at 2,759 yen.
Takeda Pharmaceutical jumped 2.46 percent to 3,942 yen while telecom and investment firm SoftBank Group was up 1.65 percent at 10,465 yen.
Dep. PM of Uzbekistan arrives in Islamabad
ISLAMABAD: Deputy Prime Minister of Uzbekistan Elyor Ganiev has arrived here today on a two-day visit to Pakistan.
Elyor Ganiev is accompanied by a high-level delegation comprising Deputy Ministers for Investment and Foreign Trade, Transport and other senior officials.
He is scheduled to meet a number of Federal Ministers and Advisers. He will hold consultations with Foreign Minister Shah Mahmood Qureshi. The talks will focus on discussing ways and means to further bolster the bilateral relations between Pakistan and Uzbekistan.
A relevant piece published earlier:
Govt. to further strengthen Sino-Pak partnership
ISLAMABAD: Foreign Minister Shah Mehmood Qureshi has expressed the govt’s commitment to further strengthen Sino-Pak strategic partnership.
He was addressing Friends of Silk Road Forum organized in honor of visiting Chinese Vice President Wang Qishan here today.
The Foreign Minister said both countries are observing 2019 as a year of mutual relations and it is expected that people to people contacts will reach a new level.
Shah Mehmood Qureshi said CPEC has helped to strengthen bilateral relations and take economic and social development to new heights.
He said the CPEC has entered into its second phase which focuses on industrial, social and economic cooperation. He expressed the confidence that Special Economic Zones will pave way for the progress of Pakistan.
Foreign Minister said the government has a special focus on poverty alleviation, industrial development, education, technology, scientific innovation, and agricultural development.
He said both the countries have common thinking of improving the living standard of their people. He hoped that the development target will be achieved by mutually harnessing the capabilities of the two countries.
Foreign Minister paid rich tributes to the services of the Chinese Vice President in promoting the strategic partnership between the two countries.
A relevant piece published earlier: