Home arrow News arrow National arrow KUTS come to exietence after its registration with SEC
 

Today is,

Saturday, 28 March 2015

 

Home | About Us | News | User Login | Jobs | Employees | Contact Us | Tender Notices
Untitled Document
Main Menu
Home
News
Blog
Links
Search
Contacts
News Section
National
World
Sport
Business
Forex
Weather
Articles & Features
World News
Pakistan renew its commitment to UN peacekeeping at first-ever defence chiefs conference -
UNITED NATIONS, Mar 28 (APP): Pakistan has renewed its commitment to the “noble cause” of United Nations peacekeeping, the world body’s flagship activity that helps countries torn by conflict to create the conditions for lasting peace.


At UN, Pakistan urges action to end violence against religious, ethnic minorities in Mideast -
UNITED NATIONS, Mar 28 (APP):  Pakistan Friday called for U.N. Security Council action to end the religiously and ethnically-motivated violence sweeping the Middle East by promoting a global consensus for resolving the challenges confronting Iraq, Syria, Yemen and “most importantly” Palestine.


US says Pakistan making sincere effort for Afghan peace -
WASHINGTON, March 28 (APP): Pakistan is making a “sincere effort” towards Afghan peace and it wants to make the best use of the “new environment” by aiding a negotiated political settlement to the conflict in the neighboring country, U.S. Special
Representative Dan Feldman said.


UN leader calls on defence chiefs for ‘unity and backing’ on UN peacekeeping -
UNITED NATIONS, Mar 27 (APP): At the first-ever United Nations Chiefs of Defence Conference Friday,  Secretary-General Ban Ki-moon appealed to senior military officials for more troop contributions from States around the world and for political will and purpose.


IMF okays release of $ 501.4 million for Pakistan -
WASHINGTON, March 27 (APP): The International Monetary Fund (IMF) Friday approved immediate release of $ 501.4 million tranche for Pakistan as the Fund’s Executive Board completed the sixth review of Pakistan’s economic performance.


Sport News
Australia skipper Clarke decided to quit ODI cricket after World Cup

From Ehsan Qureshi

MELBOURNE, March 28 (APP): Australian skipper Michael Clarke has decided to retire from One-Day Internationals after Sunday’s Cricket World Cup (CWC) final against New Zealand here at the Melbourne Cricket Ground (MCG).

 
Aussies enjoys edge but Kiwis can topple them with fighting spirit in CWC final on Sunday

From Ehsan Qureshi

MELBURNE, March 28 (APP): Though Australia enjoyed the edge but fighting qualities, innovative brand of the game and flair can help New Zealand to topple the favorites in the final of Cricket World Cup (CWC) here on Sunday.

 
NZ captain McCullum rates his team’s chances as 50-50 in World Cup final

From Ehsan Qureshi

MELBOURNE, March 28 (APP): New Zealand captain Brendon McCullum Saturday rated his team’s chances against Australia in the Cricket World Cup final as 50-50.

 
ICC Cricket World Cup 2015 breaking records, capturing hearts: Richardson
MELBOURNE, March 28 (APP): ICC Cricket World Cup 2015 has been a record-breaking tournament and has cemented the event’s position as one of the most popular sporting spectacles in the world, according to statistics released here on Saturday.
 
President SFP serves notice on Haider Lehri for holding illegal elections
KARACHI Mar. 26 (APP): President Softball Federation of Pakistan (SFP) Mohammed Saleem Khan has issued show cause notice to federation’s secretary general Haider Lehri for holding unconstitutional elections of the federation at Lahore on March 21 last.
 
Archive
Latest News
Mushahid terms Al-Shifa Trust Eye Hospital founder as ‘role model’ f... - Pakistan envoy condoles demise of Sri Lankan President’s brother - Pakistan making efforts for evacuation of Pakistanis from Yemen: FO - Arrangements finalized to evacuate Pakistanis from Yemen - 15 terrorists killed by security forces in ground action in Tirah: I... - 32,347 arrested in 28,826 operations conducted under NAP: Report
KUTS come to exietence after its registration with SEC PDF Print E-mail

KARACHI, May 11 (APP): The Karachi Urban Transport Corporation (KUTC) has finally come to exietence after its registration with the Security Exchange Commission.

The Corporation is being headed by Mrs Nasrin Haq, a senior railway officer and an expert in railway operation.

The Corporation will be responsible for the implementation of long awaited project of revival of Karachi Circular Railway as a part of Karachi’s Mass Transit program.

The 9-member Board of Directors will include four officials from Pakistan Railway viz General Manager Operation, AGM Infrastructure, DS Railway Karachi and Managing Director KUTC, two members from Government of Sindh viz Chief Secretary and Secretary Transport, two members from City District Government viz Nazim Karachi and Director General Mass Transit.

The Board will have one member from the private sector whose induction will be decided in the first meeting of the Board of Directors which is expected to be held within two weeks.

The Managing Director KUTC, Mrs Nasrin Haq told APP in an interview that in view of tremendous population growth in Karachi from 3 lac to 16 million at present, growth in import and export activities, growth in traffic at 7.2 percent per anum, disproportionate growth of vehicular traffic at 17 percent per annum whihc is causing congestion and accidents, the only solution lay in the rail-based Mass Transit System.

She pointed out that innumerable feasibility studies for Masst Transit was carried out in the past but  with no concrete implementation as yet.

The present government, she said, has placed the revival of Karachi Circular Railway (KCR) as a priority project to relieve the relieve the transport problems of citizens of Karachi.

MD KUTC said the initial proposal is to revive KCR as it has a cutting edge over other mass transit systems due to, what he described, availability of right of way, availability of infrastructure, no relocation of utility services, minor traffic diversions, main arterial roads intersecting KCR, besides location of stations being at 5-10 minute walking time from work places and house-hold units.

She pointed out that six corridors as planned by City District Government Karachi also intersect and interface the KCR and, as such, KCR revival would prove as an efficient socio-economic platform for economic growth and would alleviate environmental stress.

Nasrin Haq explained that KCR passes through major populated areas with KCR loop connecting Karachi City to Drigh Road - connecting Wazir Mansion, Lyari, SITE, Nazimabad, Manghopir, Liaquatabad, Gulshan-e-Iqbal and finally joining the main line at Drigh Road station.

She said that Japan has agreed to provide a loan of 872 million US dollars at a mark up of just 0.2 percent payable in 40 years for the Project.

MD KUTC recalled that Japan’s Ministry of Economy, Trade and Industry had commissioned a study on KCR revival as a modern commuter system under the aegis of JETRO.

The study was commenced in October 2005and the report was furnished in March 2006 recommending KCR revival as a viable project.

The project, she said, envisages dualization of 30 Km abondoned KCR loop with modern signalling system and grade separation at a cost of 536 million US dollars, provision of two dedicated tracks along the main line from Karachi city to Drigh Road Station (14.5 Km) at a cost of 179.464 million US dollars and Link to airport (6 Km) at a cost of 156  million US dollars.

She said that under the revived KCR system, the trains will be operated at 6 minutes interval in either direction at a speed of 100 Km/hour and the carrying capacity will be 1276 passenrs per train and 689,000 per day.

She pointed out that all the existing level crossings will be replaced by underpasses/flyovers, the stations will be provided with computerised ticketing, automated ticket gates, vending machines and elevators.

MD KUTC informed that railway stations will be provided in the close proximity of all the intersections of proposed KMTP Corridors and arterial road with KCR so as to facilitate inter-change of commuters from KMTP Corridors/Road transport to train and vice-versa.

She reiterated that the project would be carried out 100 percent through Japanese loan payable in 40 years with 10 years grace period.

She said that Karachi Urban Transport Corporation will be the executing agency and the system will be entirely laid by Japanese experts who would also provide the rolling stock, tracks and other parafernalia.

To a question present status of the project, Nasrin Haq said that Expression of Interest have been called for Environmental Impact Assessment study  while terms of reference for Special Assistance for Project Formulation (SAPROF) study has been signed and would be completed by the end of the year.

 

 

Grievance Commissioner Wafaqi Mohtasib
Grievance Commissioner Wafaqi Mohtasib
Budget 2014-2015
Federal Budget
Highlights 2014-2015
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan Budget
Elections 2013
Elections 2013 News
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Economic Survey
Economic Survey 2013-2014
Presidential address to the joint sitting of parliament
Presidential address to the joint sitting of parliament
Profiles
Profile of the President
Profile of Prime Minister
Profiles of Chairman and deputy Chairman Senate
Profiles of Speakers and Deputy Speakers
Profile of Governors
Profiles of Chief Ministers
Profiles of Federal Ministers
Portfolios of Federal Ministers
Portfolios of Provincial Ministers
Parlimentary Proceedings
National Assembly
Senate
Latest News