The Senate Standing Committee on Economic Affairs has cancelled the bidding process for the Rs26 billion N-45 highway project, citing serious irregularities and lack of transparency in procurement procedures. The committee, chaired by Saifullah Abro, directed the National Highway Authority to initiate a fresh tender within 30 days under stricter compliance standards. The decision followed […]
Pakistan Infrastructure
ADB warns $360m highway loan may lapse without action
ISLAMABAD: The Asian Development Bank (ADB) has warned that a $360 million loan for the Central Asia Regional Economic Cooperation (CAREC) Corridor Development Investment Programme’s Tranche III could lapse next year if the project is not expedited. The loan, intended for widening sections of the N55 Highway, has faced significant delays due to controversies in […]
Turkey’s Iç Holding eyes Pakistan infrastructure deals
Turkish construction giant Iç Holding has expressed strong interest in investing in Pakistan’s infrastructure projects. Federal Minister for Communications Abdul Aleem Khan held a high-level meeting with the company in Istanbul on Saturday. The discussions focused on long-term collaboration across Pakistan’s transport and communications sectors. During the meeting, CEO Serhat Sogukpinar highlighted Iç Holding’s extensive […]