Business News

Wapda cancels Rs5.4bn contracts with Chinese firm for Dasu project
Wapda cancels Rs5.4bn contracts with Chinese firm for Dasu project
Posted in: Business News

ISLAMABAD: Even before the formal launch of $4.5 billion Dasu hydropower project, the Water and Power Development Authority (Wapda) has terminated two of its key contracts with a Chinese firm, citing ‘fundamental breaches’ of the agreement. Moving swiftly, Wapda has not only encashed the performance guarantees of the two contracts awarded to China Railway First […]

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National News

Encroachments major obstacle to Karachi Circular Railway revival
Encroachments major obstacle to Karachi Circular Railway revival
Posted in: National News

KARACHI: Even after its recent inclusion in the list of China-Pakistan Economic Corridor (CPEC) projects, the Karachi Circular Railway revival seems to be an uphill battle due to the heavy encroachment upon its route as no strategy has yet been announced for their removal despite the lapse of a deadline set in this regard by […]

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