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PM seeks plan to encourage private sector investment in shipping
ISLAMABAD, Jul 18 (APP): Prime Minister Muhammad Shehbaz Sharif on Friday directed the relevant authorities to formulate a comprehensive plan to encourage private sector investment in Pakistan’s shipping sector.
Chairing a meeting regarding reforms in shipping sector here, the prime minister stressed that steps should be taken to establish the National Shipping Corporation on corporate lines.
He emphasized that the Pakistan-Afghanistan-Uzbekistan railway line was set to usher in a new era of trade in the region as trade goods from Central Asia will be transported worldwide through Pakistani ports.
He said improvement in the railway and shipping sectors was crucial for transit trade, noting that the transportation of goods for Pakistani shipping lines was a valuable opportunity to earn precious foreign exchange for the country.
He also directed to take steps to increase the number of ships in the maritime fleet that will also help saving foreign exchange spent on Pakistan’s freight.
The prime minister instructed the Ministry of Maritime Affairs and Pakistan National Shipping Corporation to present reforms and a sustainable business model for the sector.
The meeting was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Ministers Ahad Khan Cheema, Junaid Anwar Chaudhry, and other senior officials.
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IRSA releases 386,300 cusecs water
ISLAMABAD, Jul 18 (APP): Indus River System Authority (IRSA) on Friday released 386,300 cusecs water from various rim stations with inflow of 423,000 cusecs.
According to the data released by IRSA, the water level in River Indus at Tarbela Dam was 1530.00 feet which was 128.00 feet higher than the dead level of 1402.00 feet. Water inflow and outflow in the dam was recorded as 270,800 cusecs and 270,400 cusecs, respectively.
The water level in River Jhelum at Mangla Dam was 1188.00 feet, which was 138.00 feet higher than its dead level of 1,050 feet. The inflow and outflow of water was recorded 44,700 cusecs and 8,400 cusecs, respectively.
The release of water at Kalabagh, Taunsa, Guddu and Sukkur was recorded as 250,200, 196,400, 239,500 and 265,000 cusecs, respectively. Similarly, from River Kabul, a total of 37,600 cusecs of water released at Nowshera and 45,200 cusecs released from River Chenab at Marala.