PCBDDA Announces Contractor For Kalma Chowk Remodelling

Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District (CBD Punjab), has awarded the contract for the construction of CBD Boulevard and the remodelling of Kalma Chowk underpass to a government-owned contractor National Logistic Cell (NLC).

The Executive Director Technical PCBDDA, Mr. Riaz Hussain said, “After completing the documentational formalities, we have awarded the contract to NLC out of the three government-owned organizations invited for the bid including National Construction Company (NCC) and Frontier Works Organization (FWO)”. He further added that the contract was awarded to NLC at the quoted price of Rs 4.218 billion PKR. The authority has already allocated a budget of approx. Rs 5 billion PKR for CBD Boulevard and the remodelling of the Kalma Chowk underpass.

The 365-meter-long boulevard will be constructed in two phases within a time span of 180 days. The project will provide a signal-free corridor from Barkat Market and Ali Zaib Road to Jail Road. The master plan is designed to give a hassle-free easy entry and exit to Pakistan’s first business district.

While expressing his views about the project CEO, PCBDDA, Mr. Imran Amin said,” this project will be a landmark of excellence in the infrastructure development of Punjab. There is a healthy working relationship with NLC, and with our mutual cooperation and efforts we will turn this dream into reality. NLC has the capacity to deliver this project within the deadline”.

DG NLC Major General Yousaf Jamal said that “winning this contract is a moment of immense pride that NLC has once again chosen to play its role in national development. We assure you that high-quality standards will be maintained and will complete the project on time”.

This project will be an amenity for all the residents of Lahore which will not only provide swift entry and exit from the adjoining areas but will be beneficial in different ways including modern infrastructure development, easy mobility, a green sustainable environment and traffic flow uniformity.

Comments

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report: The role of the CFO and finance function in the climate transition: driving value and sustainability, based on a survey of 1,000 senior finance professionals around the world. The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one. The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress. They should embrace this because, although they may not

Peshawar Zalmi Releases "Zalmi Raalal" Official Anthem Powered by TCL

TCL, Pakistan's No.1 LED TV Brand, in collaboration with Peshawar Zalmi, has released their most awaited anthem for PSL 8, " Zalmi Raalal ". Directed by the maestro Hassan Dawar himself, "Zalmi Raalal" is a star-studded, power-packed amalgamation of music, fashion, and sports, the three foremost passion points of Peshawar Zalmi. Produced by Naughty Boy, who has worked in the global music industry with the likes of Beyoncé, Wiz Khalifa, and Sam Smith, the music video features cricket's biggest superstars Darren Sammy and Babar Azam, as well as Pakistan's biggest celebrities Mahira Khan and Hamza Ali Abbasi. Peshawar Zalmi's official anthem for 2023, "Zalmi Raalal", is an ode to passion, a story entailing the beauty and power of the KP region and its people. The anthem has crossed one million views on all online platforms since its release, and the number is increasing fast. The star-studded and narrative-centric anthem feature

Economic confidence among finance professionals edges higher globally despite big fall in North America

The latest ACCA (the Association of Chartered Certified Accountants) and IMA ® (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average. For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices. There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial professio

News Herald

Search This Blog