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 no

Sales Partners Summit organized by CBD Punjab

Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), organized Sales Partners Summit . The aim of the summit was to create awareness about the projects of CBD Punjab. Members from the real estate and business community participated in the summit. COO CBD Punjab, Brigadier (R) Mansoor Janjua,Executive Director Commercial CBD Punjab, Mohammed Omer, Executive Director Legal CBD Punjab, Barrister Bilal Afzal Khokhar, Director Marketing CBD Punjab, Waseem Siddiq, Director Operations CBD Punjab, Colonel (R) Fazeel Ghumman and other officials of CBD Punjab attended the event. While addressing the event COO CBD Punjab Brigadier (R) Mansoor Janjua welcomed all partners to CBD Punjab. He said that CBD Punjab is making a business district on an international scale, which will pave new ways for the development of Punjab and provide new business opportunities. Executive Director

Huawei and OPPO Sign Global Patent Cross-licensing Agreement

Huawei and OPPO announced the signing of a global patent cross-licensing agreement, which covers cellular standard essential patents, including 5G. "After more than 20 years of continuous innovation, Huawei has developed multiple high-value patent portfolios in the global marketplace in domains like 5G, Wi-Fi, and audio/video codecs," said Alan Fan, Head of Huawei's Intellectual Property Department. "We are delighted to have reached a cross-licensing agreement with OPPO. The mutual recognition of intellectual property value between companies is a major step towards fostering a positive cycle of innovation and research in high-value standards: investing, receiving returns from investment, and then reinvesting. This will enable our industry to keep innovating and provide consumers with more competitive products and services." "We are very pleased to enter into patent cross-licensing agreement with Huawei. It clearly demonstrates that the two companies r

Daily TechPK

Search This Blog