Pakistan Steel Mills Corporation (PSMC) during the quarter July-Sept 2007 recorded the highest ever-sales figure of Rs 9.3012 billion
The Compressed Natural Gas (CNG) sector of Pakistan has attracted over Rs 70 billion investments during the last five years as a result of liberal and encouraging policies of the government. Presently, some 1,765 CNG stations are operating in the country, in 85 cities
and towns, and 1000
more would be set-up in the next three years. It has provided employment for 30,000 people
in the country.
The Securities and Exchange Commission of Pakistan (SECP) has registered 1,135 companies
during the first quarter (July-September 2007). With the new registrations the total number of registered companies with SECP as of September 30 reached 50,125.
Telecom sector has attracted an investment of $ 9 billion
in the last three years. It alone created 80,000 jobs
directly and 500,000 jobs indirectly
Former corrupt and incompetent Prime Minister, Nawaz Sharif, made only one motorway – M2 (Lahore – Islamabad). Under Musharraf 6 motorways
are either completed or under construction:
- •M1 (Islamabad to Peshawar) - (Rs.13 bn) - [155 km] - (started 2003 - Completed Oct 2007)
•M3 (Pindi to Faisalabad) - (Rs.5.6 bn) – [53 km] - (started 2002 – Completed 2004)
•M8 (Gwadar to Ratodero) – [1072 km] - (started 2004 – will complete 2009)
•M9 (Karachi to Hyderabad) – (Rs.6.3 bn) – [136 km]
•M10 (Karachi Northern bypass) – (Rs 3.5 bn) – [56 km] – (completed 2007)
•M11 (Lahore to Sialkot) – (Rs.23 bn) –[101 km] – (started 2006 – under construction)
Under Musharraf various highways under construction throughout the country. Including N5, N-25, N-35, N-45, N-50, N-55, N-65, N-70, N-75, N-80, S-1, etc.
General Pervez Musharraf inaugurated the Makran Coastal Highway (N-10) project in August 2001, consisting of Karachi-Gwadar, Pasni-Gwadar, and Ormara-Liari (Balochistan) Highways. The cost of the Liari-Ormara Highway was Rs3.9 billion
and that of Pasni-Gwadar Highway, Rs2.8 billion
respectively. The total length of Makran Coastal Highway is 533 kilometers
2-12-07: Sialkot International Airport Limited (SIAL) completed. The 1,002-acre airport
is 13 km west of Sialkot and is linked by a road to Gujranwala, Wazirabad, Gujrat, Narowal, the Export Processing Zone (EPZ) and the Sialkot Dry Port Trust.
Ghandara International Airport (Islamabad) the first-ever green-field airport being built at a cost of $400 million
; with a renowned international consultant, Louis Berger Group of USA. President Musharraf laid the foundation stone of the project on April 7, 2007. It will be completed by Dec 2010. Its total area is 3700 acres (15 km˛)
37. Major Industrial estates
are being developed under Musharraf’s vision: M3 industrial, Sundar industrial estate, Chakri industrial, etc.
Oct 2007: In the current fiscal year the Mining and Quarrying sector has registered a growth rate of 5.6 percent
. Increased growth was propelled by strong growths recorded in magnetite (30 percent
), dolomite (26.1 percent
), Limestone (25.2 percent
) and chromites.
The government has already started various initiatives, to discover and develop world-class copper-gold deposits in Chagai Baluchistan by Australian Firms which would fetch $500 million to $600 million per year
Major reserves of COPPER & GOLD in Baluchistan’s Rekodiq area were discovered in early 2006. It has ranked Rekodiq among the world’s top seven
copper reserves. The Rekodiq mining area has proven estimated reserves of 2 billion tons
of copper and 20 million ounces
of gold. According to the current market price, the value of the deposits has been estimated at about $65 billion
, which would generate thousands of jobs
Executive Committee of National Economic Council (ECNEC) recently approved 45 developmental projects
in its meeting, including six revised projects, with a total cost of Rs 154.1 billion
and with a foreign exchange component (FEC) of Rs 36.8 billion