Asad Umar directs to initiate work for KCR marketing

News Image

MG News | May 05, 2021 at 11:54 AM GMT+05:00

May 5, 2021: Federal Minister for Planning, Development, and Special Initiatives Asad Umar chaired a meeting yesterday to review the present status of the Karachi Circular Railway (KCR) projects in Islamabad on Monday. Prime Minister’s focal person of the Planning Ministry for Karachi Projects Najeeb Haroon MNA, Secretary Railways, CEO PPP Authority, Project Director Karachi Circular Railway, and other senior officials and representatives of FWO participated in the meeting.

Project Director KCR briefed the meeting about the latest progress of the project. He informed in the meeting that the Karachi Circular Railway project is on track as per the approved timelines.

It was informed that the PC-Is some underpass and overheads along the KCR Corridor were in the final stages and work on some of them is expected to start as early as next month. Secretary Railway’s also informed the meeting that consultants who have been working on the feasibility study since January 2021 are expected to be completed their work by mid – June 2021. After which the process for the hiring of Private party would commence, which will be completed by September 2021.

Asad Umar said that Karachi is in dire need of an efficient mass transportation system.  The KCR could play an important role in this regard.

He directed the relevant departments to initiate work for the marketing of the project for private sector participants. He further directed the Ministry of Railways and the PPP Authority to carry out a monthly progress review of the work assigned to the consultants to ensure that the tasks are completed on time.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 179,571.27
436.67M
1.06%
1878.35
ALLSHR 108,600.94
844.23M
1.00%
1073.54
KSE30 53,548.42
162.02M
0.99%
525.53
KMI30 256,725.70
154.74M
0.76%
1936.43
KMIALLSHR 70,620.69
563.61M
0.98%
683.55
BKTi 48,625.03
36.31M
1.37%
658.39
OGTi 37,179.52
8.29M
0.94%
345.85
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 60,410.00 60,535.00
59,790.00
415.00
0.69%
BRENT CRUDE 73.08 75.13
71.38
-2.18
-2.90%
RICHARDS BAY COAL MONTHLY 103.50 0.00
0.00
0.25
0.24%
ROTTERDAM COAL MONTHLY 113.35 114.25
113.00
-0.05
-0.04%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 70.24 71.86
68.56
-1.68
-2.34%
SUGAR #11 WORLD 14.55 14.68
14.02
0.45
3.19%

Chart of the Day


Latest News
June 27, 2026 at 01:35 AM GMT+05:00

Govt keeps petrol, diesel unchanged


June 26, 2026 at 09:43 PM GMT+05:00

Weekly Market Roundup


June 25, 2026 at 08:52 PM GMT+05:00

Banks extend hours for tax payments until June 30


June 25, 2026 at 08:40 PM GMT+05:00

SBP declares July 1 a Bank Holiday


June 25, 2026 at 08:29 PM GMT+05:00

Gold hovers around $4,000, silver below $60



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg