SACM directs to expedite work on Jehangira-Swabi highway

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Thu, 22 Aug 2024, 6:52 PM

PESHAWAR, Aug 22 (APP):Special Assistant to the Chief Minister of Khyber Pakhtunkhwa on Industries, Commerce, and Technical Education, Abdul Karim Tordher has directed the acceleration of the pace of construction work on the expansion project of Swabi-Jehangira highway and emphasized that the extension of bridges should be prioritized to ensure smooth traffic flow and minimize the risk of accidents.

He issued these directives while chairing a meeting to review the progress of construction work on the expansion project of the Jehangira-Swabi highway here on Thursday. The project is being executed by the Khyber Pakhtunkhwa Highway Authority (PKHA).

The meeting was attended by Managing Director of PKHA Engineer Asad Ali, Director Engineer Sohail Idris, Deputy Director Engineer Kamran Khan, other officials, contractors, and consultants’ representatives.

The project to construct a dual carriageway on the Swabi-Jehangira Road is a significant provincial government initiative. It involves converting the remaining 11 kilometers of the road into a dual carriageway. The total cost of this project is 3,367.708 million rupees.

During the meeting, the Special Assistant was informed that the slabs on both bridges have been completed, and over 1 kilometer of asphalt layer has already been laid. Moreover, drains are being constructed on both sides of the road to address drainage issues. The completion of this project will benefit residents of Swabi and Nowshera as it serves as a crucial link between the two districts.

The Special Assistant stated that this project is of great importance for the transportation needs of the people of both districts and emphasized the need to accelerate the ongoing work on it. He assured that he would provide full support to resolve any obstacles to ensure the project’s swift completion.

Aurangzeb invites Dubai Islami Bank to enhance investments

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Muhammad Ashraf Wani

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Thu, 22 Aug 2024, 6:52 PM

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ISLAMABAD, Aug 22 (APP):Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Thursday invited the Dubai Islamic Bank to enhance its investment in the country; reaffirming the government’s dedication to maintaining a stable macroeconomic environment and ensuring that all necessary measures were in place to facilitate foreign investment.

The minister was talking to Group Chief Executive Officer (GCEO), Dr. Adnan Chilwan during a virtual meeting to discuss Pakistan’s economic trajectory and explore potential avenues for increased investment in the country.

The meeting was attended by Minister of State, Ali Parvez Malik, Secretary Finance and other senior officers from the Finance Division, according to press release issued by finance ministry.

The finance minister expressed gratitude for Dubai Islamic Bank’s continuous engagement with Pakistan’s financial sector, the press release added.

He highlighted the government’s commitment to strengthening economic ties with international partners, particularly in Islamic banking, and expressed optimism about future collaborations with Dubai Islamic Bank.

Aurangzeb provided an in-depth overview of Pakistan’s current economic scenario, emphasizing the progress made in stabilizing the economy and fostering a conducive environment for business and investment.

He highlighted key initiatives taken by the government such as broadening the tax base, enhancing the ease of doing business, the digitalization of the Federal Board of Revenue (FBR), and ongoing reforms and restructuring in state-owned enterprises (SOEs) and privatization.

On the occasion, Dr. Adnan Chilwan expressed appreciation for Pakistan’s economic policies and initiatives, and emphasized that Pakistan remains a strategically important market for Dubai Islamic Bank.

He reiterated bank’s interest in playing a larger role in the country’s financial growth, particularly in sectors such as Islamic banking, infrastructure and SME development.

The discussion underscored the importance of strengthening economic cooperation between Pakistan and Dubai Islamic Bank.

The meeting reflected the shared commitment of both parties to fostering sustainable economic development and further deepening financial ties between Pakistan and the UAE.