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ISLAMABAD: The government on Monday approved, in principle, the New Gwadar International Airport project at a cost of Rs55.4 billion, about 147% higher than the first revision, and also sanctioned a reduction in the scope of an important Gwadar road scheme. The decisions were taken by the Central Development Working Party (CDWP) - a body having the mandate to scrutinize and approve development schemes and refer the mega ones for final ratification of the Executive Committee of National Economic Council (Ecnec). Planning Commission Deputy Chairman Jehanzeb Khan chaired the CDWP meeting. The CDWP took up the New Gwadar International Airport project, which would be built with the help of Pakistan government funds and a Chinese grant of 1.52 billion yuan or Rs34 billion. The total cost of the project is Rs55.4 billion. The new Gwadar airport is considered important for the development of Gwadar Port and its free zone. The Ministry of Planning is now gradually taking back the control of the China-Pakistan Economic Corridor (CPEC) after the CPEC Authority law lapsed four months ago. The government has also brought back Hassan Dawood Butt to handle affairs in the next CPEC Joint Cooperation Committee (JCC) meeting. JCC is scheduled to meet this month and will take important decisions on the future roadmap of the multibillion-dollar strategic bilateral initiative. Butt had earlier been the deputy project director of the CPEC support project but moved to Khyber-Pakhtunkhwa Board of Investment. The original Gwadar airport project had been approved at a cost of Rs7.5 billion in 2010 and the revised one was cleared in 2015 at a cost of Rs22.2 billion. The CDWP approved the second revision on Monday with a cost of Rs55.4 billion, higher by Rs33 billion or 147% than the 2015 cost. A key reason behind the increase in cost was that the new plan was based on a detailed design of the project. The CDWP directed the Civil Aviation Authority (CAA) to review the possibility of c

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Markets". The Global Operating Room Equipment Market should reach $25 billion by 2021 from $15.4 billion in 2016 at a compound annual growth rate (CAGR) of 10.1%, from 2016 to 2021.The Operating Room Equipment Market in North America is expected to grow from $6.3 billion in 2016 to $9.6 billion in 2021 at a CAGR of 8.8% for the period 2016-2021. The Asian operating room equipment market is expected to grow from $2.6 billion in 2016 to $5.2 billion in 2021 at a CAGR of 14.8% for the period 2016-2021

The biomass power generation market size was valued at USD 91.3 billion in 2023 to reach USD 105.7 billion by 2028, it is expected to grow at a CAGR of 3.0 % during forecast period. According to a new market research report, the global biomass power generation market is projected to reach USD 105.7 billion by 2028 from an estimated USD 91.3 billion in 2023, at a CAGR of 3.0% during the forecast period. The growth of the biomass power generation market is driven by the focus of governments worldwide on net zero carbon emissions and their related initiatives such as policies, subsidies etc.

The market for vacuum contactor is expected to witness significant growth, with an estimated value of USD 4.1 billion in 2023 and a projected reach of USD 5.5 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 6.1%. According to a research report "Vacuum Contactor Market by Voltage Rating (1-5 kV, 5.1-10 kV, 10.1-15 kV, 15.1-24 kV), Configuration, Application (Motors, Transformers, Capacitors, Reactors, Resistive Loads), End Users (Utilities, Industrial, Oil & Gas) Region - Global Forecast to 2028″ published by MarketsandMarkets, the global vacuum contactor market is estimated to be valued at USD 4.1 billion in 2023 (Estimate Year) and is projected to reach USD 5.5 billion by 2028 (Forecast Year) growing at a CAGR of 6.1% during the forecast period.

The global hydrogen market is valued at USD 242.7 billion in 2023 and is projected to reach USD 410.6 billion by 2030; it is expected to record a CAGR of 7.8% during the forecast period. According to a new market research report, the global hydrogen market is projected to reach USD 410.6 billion by 2030 from an estimated USD 242.7 billion in 2023, at a CAGR of 7.8% during the forecast period. The development of hydrogen infrastructure across various countries such as China, India, US, Germany etc. is fueling to the growth of hydrogen market.

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The global diesel power engine market is estimated at USD 20.1 billion in 2024, with a projected growth to USD 25.2 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5%. According to a research report "Diesel Power Engine Market by Operation (Standby, Prime, Peak Shaving), Power Rating (Below 0.5 MW, 0.5-1 MW, 1-2 MW, 2-5 MW, and Above 5 MW), End User (Power Utilities, Industrial, Commercial, and Residential), Speed, & Region - Global Forecast to 2029", the market size for diesel power engine is projected to reach approximately USD 25.2 billion by the year 2029, as compared to the estimated value of USD 20.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period. The global diesel power engine market is driven by a confluence of factors that influence demand and shape its future trajectory.

Postal Savings Bank of China (PSBC) is planning to raise $7.4 billion in initial public offering (IPO) at Hong Kong bourse, which is estimated to be the biggest flotation in the world this year, according to reports. The listing is also said to be the largest since internet major Alibaba floated in 2014 in New York, raising $25 billion. However, the $7.4 billion valuation of the company is on the lower $8.1 billion mark, which it earlier hoped for, as analysts believe that demand for its stock is still lukewarm.

China is planning a considerable expansion of its foreign aid programs with a particular focus on infrastructure projects in countries along the land and maritime Silk Road trading routes, government officials said on Monday. The country is planning to initiate a number of strategically important aid projects to help improve transportation, energy and telecommunications in those countries, according to the Ministry of Commerce, which is responsible for administrating the country's foreign aid programs. Projects involving construction and improvement of roads, railways, ports and airports are already being implemented in countries including Laos, Myanmar, Nepal and in Central Asia, Yu Zirong, deputy director-general of the foreign aid department at the ministry, told a news conference in Beijing. "China's growing future foreign aid program will be tilted toward neighboring countries and those in the Silk Road region," Yu said. The planned shift in direction for Chinese foreign aid is a direct result of President Xi Jinping's proposed national strategy to revive the centuries-old trading routes connecting Asia and Europe, experts said. The newly created 40 billion yuan ($6.5 billion) Silk Road fund and the Beijing-initiated Asian Infrastructure Investment Bank are expected to facilitate China's foreign aid programs in the future, they said. "Such a shift indicates that China will be more inclined to offer assistance to Asia and neighboring countries," said Wang Luo, a researcher at the Chinese Academy of International Trade and Economic Cooperation. "It does not mean that the percentage of China's foreign aid to Africa will drop. It just means that Asia and countries along the Silk Road will get a greater share as China grows its aid spending," she said. Africa has been the largest recipient of China's foreign aid with more than half of spending directed at the continent between 2010 and 2012, according to a policy paper issued in June. China spent 89.34 bill

Li Ka-shing is set to regain his spot as Asia's richest person as flagship Cheung Kong Holdings Ltd's shares surged the most in 17 years following his announcement of a $24 billion reorganization plan. The 86-year-old Hong Kong tycoon has a $30.8 billion fortune based on the trading of his shares. That puts him almost $3 billion ahead of Jack Ma, the billionaire chairman of Hangzhou-based Alibaba Group Holding Ltd, who's worth $28.2 billion as of Friday, according to Bloomberg Billionaires Index. Contact Us If you have further queries, don't hesitate to contact us at anytime, anywhere by simply visiting our website www.ono-bbb.net, or calling Hong Kong hotline at 852-25283382 or China hotline at 86-755-82352600, or emailing to tannet-solution@hotmail.com

The report "Variable Speed Generator Market by Type (Permanent Magnet, Doubly Fed Induction, Self-Excitation Induction, Wound Rotor Induction), Prime Mover (Wind, Hydro, Steam & Gas Turbine, Ic Engine), Technology, Power, End-User, Region - Global Forecast to 2022", published by MarketsandMarkets™, the global market is projected to reach USD 8.36 billion by 2022. The Variable Speed Generator Market is expected to grow from an estimated USD 5.79 billion in 2017 to USD 8.36 billion by 2022, registering a CAGR of 7.63% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, increasing government mandates over energy efficiency, and growing industrialization and urbanization.

According to a new market research report "Scrubber System Market by Type (Wet (Design), Dry (Sorbent Mixing)), End-User (Marine, Oil & Gas, Petrochemicals & Chemicals, Pharmaceuticals, Glass, Pulp & Paper, Food & Agricultural, Wastewater Treatment), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global market is projected to reach USD 1.86 Billion by 2023. The scrubber system market is expected to grow from an estimated USD 1.02 Billion in 2018 to USD 1.86 Billion by 2023, registering a CAGR of 12.82% during the forecast period. This growth is primarily due to the growing stringent environmental regulations to reduce atmospheric emissions.

India's exports grew consecutively for the 6th month, as the month of February 2017 posted a 17.48% year on year growth in exports. Total exports for the month stood at $24.5 billion, when compared to $20.8 billion in January 2016. For the same month, trade deficit widened year on year from $6.5 billion in 2016 to $8.8 billion in 2017.

The Global Market for Thick Film Devices increased from $56.8 billion in 2015 to $60.8 billion in 2016. This market is estimated to reach $110.3 billion in 2022 from $66.5 billion in 2017 at a compound annual growth rate (CAGR) of 10.6% for 2017-2022.

The recloser control market is projected to reach USD 1.52 Billion by 2022. The recloser control market is expected to grow from an estimated USD 1.12 Billion in 2017 to USD 1.52 Billion by 2022, at a CAGR of 6.22%. The positive growth rate of this market can be attributed to increasing urbanization and industrialization, growing automation for power distribution quality and reliability, and expanding distribution network.

the global market is projected to reach USD 1.86 Billion by 2023. The scrubber system market is expected to grow from an estimated USD 1.02 Billion in 2018 to USD 1.86 Billion by 2023, registering a CAGR of 12.82% during the forecast period. This growth is primarily due to the growing stringent environmental regulations to reduce atmospheric emissions.

the AC Power Sources Market is expected to grow from an estimated USD 1.0 billion in 2019 to USD 1.1 billion by 2024, at a CAGR of 2.4%, during the forecast period. The growth of the AC Power Sources Market can be attributed to the increasing manufacturing of equipment used in renewable power generation, avionics and electric vehicles, implementation of smart cities, and growing focus on energy-efficient business operations.

The report "Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV-27 Kv, and 28 kV-38 Kv), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to reach USD 1.52 Billion by 2022. The Recloser Control Market is expected to grow from an estimated USD 1.12 Billion in 2017 to USD 1.52 Billion by 2022, at a CAGR of 6.22%. The positive growth rate of this market can be attributed to increasing urbanization and industrialization, growing automation for power distribution quality and reliability, and expanding distribution network.

The global scrubber system market is projected to reach USD 1.86 Billion by 2023. The scrubber system market is expected to grow from an estimated USD 1.02 Billion in 2018 to USD 1.86 Billion by 2023, registering a CAGR of 12.82% during the forecast period. This growth is primarily due to the growing stringent environmental regulations to reduce atmospheric emissions

The recloser control market is projected to reach USD 1.52 Billion by 2022. The recloser control market is expected to grow from an estimated USD 1.12 Billion in 2017 to USD 1.52 Billion by 2022, at a CAGR of 6.22%. The positive growth rate of this market can be attributed to increasing urbanization and industrialization, growing automation for power distribution quality and reliability, and expanding distribution network.