Top 3 positive news updates of Pakistan [22-12-2020]
- In this story, we’ll take a look at the positive news of December 20th, 2020.
- The positive effects of the announcement of the construction package by Prime Minister Imran Khan are beginning to be felt.
- Prime Minister Imran Khan said that Pakistan’s current account surplus was 447 million in November, while the SBP’s foreign exchange reserves reached a three-year high.
- Second longest motorway in the country has been approved. The Peshawar-DI Khan Motorway will be 360 km long and the project will cost Rs 270 billion.
- For more positive news of Pakistan, visit the Naya Pakistan section of our website
1#After government’s construction package, a significant increase in cement sales
The positive effects of the announcement of the construction package by Prime Minister Imran Khan are beginning to be felt. Due to the significant increase in construction activities in the country, the total sales of cement have recorded an increase of 16.61% during the current financial year.
According to the report of All Pakistan Cement Manufacturers Association, the total sales of cement industry increased to 23.839 million tons during July-November of the current financial year as against 20.446 million tons in July-November of the previous financial year.
Earlier in the first quarter of the current financial year, cement sales also increased by 22% to 13.5 million tons, compared to the previous financial year, according to the APCMA (All Pakistan Cement Manufacturers Association). In the first five months of the current financial year, the total sales of cement increased by 3.359 million tons or 16.61%.
Domestic sales of cement increased by 15.55% and the sales volume increased to 19.456 million tons in July-November 2020 from 16.837 million tons sold in the domestic market in the corresponding period of the previous financial year.
Cement exports also increased by 21.54% during the current financial year as compared to the previous financial year, while exports from July to November 2019 increased to 4.384 million tons from 3.607 million tons.
A spokesman for the All Pakistan Cement Manufacturers Association (APCMA) said that in order to meet the demand of the cement market, the local industry has over the past few years installed new plants and machinery as well as modernized the domestic cement industry.
2#SBP’s reserves are at a three-year high, the Prime Minister said.
Despite the Corona epidemic, Pakistan’s economic situation has been good. Prime Minister Imran Khan said that Pakistan’s current account surplus was 447 million in November, while the SBP’s foreign exchange reserves reached a three-year high.
In a statement issued on Twitter, Prime Minister Imran Khan said that despite the Corona epidemic, the good news regarding the country’s economic situation is that the current account had a surplus of 447 million in November.
MashaAllah despite Covid 19 great news on economy – remarkable turnaround. Current account surplus again in Nov: $447 mn. For fiscal year so far, surplus is $1.6 bn as opposed to deficit of $1.7bn same period last yr. SBP’s FX reserves have risen to about $13 bn, highest in 3 yrs
— Imran Khan (@ImranKhanPTI) December 22, 2020
The deficit was 1.7 billion during the same period last year, the prime minister said, adding that the SBP’s foreign exchange reserves increased by 13 billion, after which the central bank’s foreign exchange reserves reached a three-year high.
3#Approval of the country’s third longest motor construction
The construction of the country’s third longest motor was approved
The second longest motorway in the country has been approved. The Peshawar-DI Khan Motorway will be 360 km long and the project will cost Rs 270 billion.
According to details, the PTI Khyber Pakhtunkhwa government has decided to build the third longest motorway in the country. It has been reported that a 360 km long highway will be constructed from the provincial capital Peshawar to DI Khan for the southern districts of Khyber Pakhtunkhwa.
Chief Minister Khyber Pakhtunkhwa Mehmood Khan had in principle approved the alignment of DI Khan Motorway from Peshawar last year, after which the survey for the construction of the project is currently underway.
It was informed that the proposed alignment of DI Khan Motorway from Peshawar is about 360 km long, consisting of 18 interchanges, 45 bridges and 3 tunnels, through which all the villages and towns inhabiting the southern districts and tehsils are deprived of development.
The motorway will run from Chamkani in Peshawar to Dara Adamkhel, Kohat, Hangu, Karak, Bannu, Lakki Marwat and DI Khan. At an estimated cost of about Rs. 250 billion, a commitment has been made to start this project soon and complete it expeditiously. It should be noted here that this will be the second motorway project launched by Khyber Pakhtunkhwa.
Earlier, the Khyber Pakhtunkhwa government had launched the Swat Motorway project. Khyber Pakhtunkhwa is the first province in the country to start a motorway project with its own resources. Phase One of the Swat Motorway has been completed, while work on Phase Two will begin in August next year.
Also checkout : Top 6 Positive News About Pakistan [20 December 2020 ]
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