During a meeting presided over by Chairman Anwarul Haq, representatives of the Capital Development Authority (CDA) disclosed this. He was told that 160 Chinese-made electric buses would be imported.
Thirty buses will arrive in Pakistan in January as part of the first phase, with the remaining buses being imported in February and March. Chairman CDA instructed the concerned officials to ensure the buses arrived on time.
Read More: CDA Greenlights Key Commercial Building Plans in Islamabad
Following the arrival of the first fleet of buses, which will be run on 13 routes in the federal capital, the bus service is anticipated to be formally launched shortly after.
In addition, in the following few days, CDA will begin building the main bus depot at Zero Point along the Srinagar Highway toward the H-8 side. It is anticipated that the construction procedure will take six months.
The civic administration also intends to build three additional bus depots. It was determined earlier in October to build the depot under Public Procurement Regulatory Authority (PPRA) regulations 42(f).
Only government-run construction companies were allowed to participate in the bidding process for “its speedy and timely completion,” per the rules.
The task of running the buses on 13 routes has been given to the National Radio and Telecommunication Corporation (NRTC). The CDA would pay the NRTC between Rs. 306 and Rs. 331 per kilometer.
The information regarding the routes is as follows:
- Route 1: Police Foundation/Orange Line Station to Red Line Faiz Ahmed Faiz Station in I-8
- Route 2: Allama Iqbal Station to Red Line Potohar Station
- Route 3: Pims to Secretariat
- Route 4: D-12 to G-10
- Route 5: F-11 to Red Line F-8 Station
- Route 6: G-11 to Pims
- Route 7: Aabpara to Tramri Chowk
- Route 8: Nilor to Khanna Pul
- Route 9: Pirwadhai Chowk to Faizabad
- Route 10: B-17 to 26 Number Chungi
- Route 11: I-16 to 26 Number
It is important to note that the previous prime minister, Shehbaz Sharif, issued the orders to begin the bus service. During his office, he launched the Orange Line, Green Line, and Blue Line metro bus services.
And the Oil and Gas Regulatory Authority (OGRA) to think twice before deciding.
He cautioned that Pakistan’s already unstable Oil Marketing Companies (OMCs) would suffer significantly from such a move.
Narrow margins, significant FX losses, a PSO-benchmarked pricing structure, negative IFEM, delayed ICFS settlements, and intricate sales tax adjustments, according to the OMAP Chairman, have already turned the business into a miserable endeavor for OMCs.
According to him, the weekly adjustments that have been recommended will simply exacerbate the problems facing OMCs, leading to more anxiety and stress for both the businesses and their clients.
He went on to say that other sectors, like logistics and transportation, will suffer due to frequent and erratic fluctuations in fuel prices. This strategy might destabilize the economy and endanger the oil industry’s precarious equilibrium. He regretted that implementing such a regulation may harm OMCs and customers’ purchasing decisions.
Given the precarious state of the business and the adverse effects on the economy, the chairman of OMAP encouraged the Oil and Gas Regulatory Authority (OGRA) to reevaluate this proposal.
Given the current situation, he believed that the Petroleum Ministry and OGRA should refrain from making such adjustments. Instead, he pushed for an exhaustive conversation with industry players to create more well-informed, long-term solutions that serve the interests of all parties.
Notably, the Oil and Gas Regulatory Authority (OGRA) started asking petroleum dealers and businesses for their opinions last week regarding changing the frequency of gasoline rate revisions to a seven-day cycle. Petroleum dealers have so far opposed the proposal, saying it should not alter the revision schedule.
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