Latest news with #AbdulAleemKhan
Express Tribune
2 days ago
- Business
- Express Tribune
NHA achieves Rs50 billion revenue surge
Minister for Communications Abdul Aleem Khan informed the Senate on Friday that the National Highway Authority (NHA) achieved a historic increase of Rs50 billion in revenues during the 2024-25 fiscal year, with earnings climbing from Rs64 billion to Rs110 billion — a remarkable 100% rise. The minister also updated senators on the progress regarding the Lowari Tunnel's access roads. He stated that the 33.2 km network is split into two phases. The first phase, covering 18.6 km, was completed in 2010 and has been serving traffic since. The second phase, stretching 14.6 km, saw its southern segment finished in December 2020.
News18
7 days ago
- Business
- News18
Islamabad, Moscow Sign Agreement To Restore Pakistan Steel Mills Project
Last Updated: Pakistan and Russia signed a protocol to restore Pakistan Steel Mills in Karachi, aiming to restart steel production. The Pakistani embassy in Russia announced on Friday that the two countries have signed 'protocol to restore and Pakistan Steel Mills (PSM) in Karachi", in what it called was a 'reaffirmation" of their 'long-standing industrial partnership". The agreement was signed at the Pakistan embassy in Moscow by Pakistan's secretary of industries and production, Saif Anjum and Vadim Velichko, general director of Industrial Engineering LLC from the Russian side. The event was attended by SAPM Haroon Akhtar Khan and Pakistan's Ambassador to Russia, Muhammad Khalid Jamali. The project seeks to restart and expand steel production, Hindustan Times reported. Khan said, 'Reviving PSM with Russia's support reflects our shared history and commitment to a stronger industrial future." The Pakistani embassy in Russia notes that PSM, built with Soviet help in 1973, stands as a lasting testament to the enduring ties between Pakistan and Russia. Earlier this month, Pakistan and Russia agreed to collaborate on establishing a robust rail and road network to link the South Asian country with Central Asia and Russia, providing landlocked states direct access to warm waters, a media report said on Friday. Federal Minister for Communications Abdul Aleem Khan and Russian Deputy Minister of Transport Andrey Sergeyevich Nikitin met on the sidelines of the Shanghai Cooperation Organisation (SCO) ministerial conference in Tianjin, China, and agreed to speed up infrastructure development in the region to boost trade and economic integration. According to PTI, Abdul Aleem Khan stated that Pakistan's modernisation efforts include digitising transport infrastructure, introducing barrier-free motorways, mandatory e-tagging, and comprehensive CCTV surveillance. He said the reforms were part of Pakistan's broader goal to optimise regional connectivity and cross-border trade. Meanwhile, last month, Pakistan and Afghanistan agreed to advance the Uzbekistan-Afghanistan-Pakistan (UAP) rail project. In a phone call, Deputy Prime Minister and Foreign Minister Ishaq Dar and Afghanistan's Acting Foreign Minister Amir Khan Muttaqi agreed to work towards early finalisation of the framework agreement. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Express Tribune
05-07-2025
- Business
- Express Tribune
Govt seeks Chinese, AIIB support for road projects
Listen to article Federal Minister for Communications Abdul Aleem Khan held a detailed meeting with Chairman of the China Road and Bridge Corporation (CRBC), Du Fei, during his visit to Tianjin. The focus was on expanding Chinese investment in Pakistan's road infrastructure. The two sides discussed bilateral cooperation in road development, especially projects like the Mansehra-Naran-Jhal Kand Motorway. Investment opportunities, technical assistance, and future collaboration were also reviewed, said a statement issued on Friday. Fei explained that CRBC, a major Chinese state-owned firm, operates in over 70 countries across Asia, Europe, America, and Africa. He expressed interest in expanding operations in Pakistan and called it an honour to contribute to its infrastructure. Between 1995 and 2023, CRBC was involved in key projects such as the Sukkur Bypass, Karakoram Highway, and Karachi Coastal Highway. Since last year, it has shown interest in new ventures like the ML-1 Railway Project, Pakistan Refinery upgrades, Lahore Airport expansion, and the Raikot-Thakot Highway. Aleem Khan assured CRBC of full support and welcomed its role in strengthening Pakistan's road infrastructure. In another meeting, the minister met senior officials of the Asian Infrastructure Investment Bank (AIIB), including Chief Investment Officer Konstantin Limitovskiy and Director General Public Sector Xiaohong Yang. He presented the M-6 Sukkur-Hyderabad and M-9 Karachi-Hyderabad motorways as investment options. He said these projects link trade hubs to Karachi Port and are vital for economic growth. Developing road infrastructure is a top government priority, he added. The minister said AIIB's partnership could speed up Pakistan's development. He noted that Pak-China friendship supports regional connectivity and prosperity. He also mentioned that several Chinese financial institutions are already funding infrastructure projects in Pakistan. Aleem Khan reaffirmed the government's aim to attract more foreign investment in roads and connectivity. He said infrastructure investment leads to job creation and economic growth. Senior AIIB officials expressed interest in supporting Pakistan's development initiatives and voiced hope for positive outcomes from the discussions.
Time of India
04-07-2025
- Business
- Time of India
Pakistan-Russia transport agreement: Strategic rail, road project aims to link South Asia with Eurasia, warm-water ports
AI image Pakistan and Russia have agreed to jointly develop an extensive rail and road network to link South Asia with Central Asia and Russia, aiming to give landlocked nations direct access to warm-water ports. The move is seen as a strategic step toward speeding up infrastructure projects across the region to enhance trade and promote economic integration. The agreement was reached during a meeting between Pakistan's federal minister for communications Abdul Aleem Khan and Russian deputy minister of transport Andrey Sergeyevich Nikitin on the sidelines of the Shanghai Cooperation Organisation (SCO) ministerial conference in Tianjin, China, reported PTI. The goal is to position Pakistan as a key transit hub by improving logistical routes and trade corridors extending toward Russia and Central Asia. Minister Khan shared that Pakistan is upgrading its transport infrastructure with measures such as digitisation, barrier-free motorways, mandatory e-tagging and extensive CCTV surveillance. These reforms aim to streamline cross-border trade and improve regional connectivity. Deputy minister Nikitin acknowledged the value of Pakistan-Russia collaboration in reshaping regional trade and confirmed Russia's commitment to joint transport and infrastructure initiatives with Islamabad. In a related regional development, Pakistan and Afghanistan have agreed to expedite the Uzbekistan-Afghanistan-Pakistan (UAP) rail project. Pakistan's deputy PM Ishaq Dar and Afghanistan's acting FM Amir Khan Muttaqi discussed the project over a phone call, agreeing to work towards finalising a framework agreement. The railway project is seen as a crucial step toward connecting Pakistan with Central Asia through Afghanistan, enhancing regional interconnectivity and trade prospects. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
NDTV
04-07-2025
- Business
- NDTV
Pakistan, Russia To Expand Connectivity For Access To Warm Waters: Report
Islamabad: Pakistan and Russia have agreed to collaborate on establishing a robust rail and road network to link the South Asian country with Central Asia and Russia, providing landlocked states direct access to warm waters, a media report said on Friday. Federal Minister for Communications Abdul Aleem Khan and Russian Deputy Minister of Transport Andrey Sergeyevich Nikitin, on the sidelines of the Shanghai Cooperation Organisation (SCO) ministerial conference in Tianjin, China, agreed to accelerate infrastructure development across the region to facilitate trade and economic integration. The initiative aims to transform Pakistan into a strategic transit hub by enhancing trade corridors and logistical routes extending to Russia and Central Asia, Geo News reported. Highlighting Pakistan's ongoing modernisation efforts, Khan said the country was digitising its transport infrastructure, introducing barrier-free motorways, mandatory e-tagging, and comprehensive CCTV surveillance. He said the reforms were part of Pakistan's broader goal to optimise regional connectivity and cross-border trade. Deputy Minister Nikitin acknowledged the potential of Pakistan-Russia cooperation in transforming regional trade dynamics and reaffirmed Moscow's commitment to pursuing joint transport and infrastructure projects with Islamabad. Pakistan and Afghanistan last month agreed to advance the Uzbekistan-Afghanistan-Pakistan (UAP) rail project, a key step toward regional connectivity. Deputy Prime Minister and Foreign Minister Ishaq Dar and Afghanistan's Acting Foreign Minister Amir Khan Muttaqi, in a telephonic conversation, agreed to work closely for an early finalisation of the framework agreement. The railway project to link Pakistan with Central Asia through Afghanistan is vital in improving interconnectivity in the region.
