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The Government has awarded 128 routes connecting 43 unserved and under-served airports to 5 selected airlines for commencing operations under Regional Connectivity Scheme (RCS) - UDAN in the 1st round of bidding.

The Capital Smart City is one of the modern and futuristic housing schemes located in the suburban region of Islamabad and Rawalpindi. The capital smart city Islamabad is a project of Habib Rafiq Limited under its wholly-owned business subsidiary - Future Development Holdings. The developers of Capital smart city enjoy an impeccable reputation when it comes to planning, developing, and delivering real estate projects. The HRL has not only developed and delivered its own real estate projects throughout Pakistan, but it has also developed and planned them for some of the biggest names in the region such as Bahria Town and Defense Housing Authority. Apart from deploying and developing a series of smart cities across Pakistan, the HRL is also the owner and developer of the Royal Orchard Housing scheme spread throughout Pakistan.

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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The scheme will be financed in the same way as quantitative easing. The Bank of England (BoE) may buy Apple and IBM's corporate bonds as part of a new economic stimulus programme.

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The Apparel Export Promotion Council (AEPC) has welcomed the government's decision to reintroduce duty-free scrips worth two percent of export value under the Market Linked Focus Product Scheme (MLFPS).

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