Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Sindh govt to hand over land for Marble City by May 2010
04-14-2010, 10:20 AM
Post: #1
Sindh govt to hand over land for Marble City by May 2010
* After completion, the Marble City alone will cater to exports of over $500m by 2015

By Razi Syed

KARACHI: The Sindh government will provide 300 acre of land to Pakistan Stone Development Company (PASDEC) by the end of May 2010 for the development of Marble City on Northern Bypass.

The Sindh Chief Minister, Qaim Ali Shah assuring All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) said, “Efforts of PASDEC and marble industry are lauded for development and up gradation of this sector in the country”.

Chief Minister assured his full support in this regard, especially in setting up the Marble City in Karachi.

A memorandum of understanding (MoU) in this regard was inked between Sindh Board of Investment and PASDEC in Karachi.

Chairman BMG APMMPIEA, Sanaullah Khan said a long awaited demand by the stakeholder has finally been fulfilled as Karachi marble industries cater around 90 percent of the total export of marble products.

He said PASDEC would undertake development work on the site and the project would complete by the mid 2012. The genuine stakeholders of the sector will be given industrial plots through balloting probably by the end of 2012, after which the stakeholder will complete construction and installation of machinery and equipment by the end of 2012. Khan said, “Cutting of around 15-20 million feet of marble and stone of Balochistan mining sector on monthly basis will start”.

He said the country would fetch over $500 million by exporting finished and semi finished goods by 2015 in addition to the existing export of around $37 million annually. He said, around 15 percent growth is expected annually, while the exports during July-March 2010 stood at $25 million as compared to same period during 2008-09, which stood at $22.2 million.

The sector has surpassed the export target set by the government to $18 million for the same period, he maintained. The growth and export purely depend on the back of construction boom in Middle East and increase in Indian demand.

Export to Dubai and other Middle East countries including Saudi Arab increases as compared to export to the US and European nations during this period, he added. He said mining and quarry sector contributes nearly 0.6 percent to Pakistan’s Gross Domestic Products (GDP) with an estimated value addition of more than Rs 16.5 billion.

Chairman/CEO PASDEC, Ihsan Ullah Khan said Sindh has a great potential of investment in marble and granite sector and the government of Pakistan and stakeholders of marble and granite sector were supporting the PASDEC to mechanise and develop the sector on modern lines.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  LDA City is set to hand over plot possessions next month LRE-Azan 0 496 11-24-2023 04:30 PM
Last Post: LRE-Azan
  New City at Ravi Bank: Acquisition of one Lac Acres of Land Became a Challenge LRE-Azan 0 1,569 11-22-2021 08:05 PM
Last Post: LRE-Azan
  LDA Announced To Hand Over Possession Of Plots In LDA Avenue 1 From 31th March Salman 0 14,433 03-26-2014 06:06 PM
Last Post: Salman
  Sindh To Approach Federal Government To Resolve The Issue Of Land Grabbed Salman 0 4,792 03-04-2014 02:02 PM
Last Post: Salman
  Land Requisition started for LDA City Lahore Salman 0 8,481 02-17-2014 01:13 PM
Last Post: Salman
  Garment City’s Land Acquisition Stayed Salman 0 4,749 01-30-2014 04:52 PM
Last Post: Salman
  Hasty Development Of Housing Colonies – 80% Agricultural Land Of The City Died Out Salman 0 6,746 11-27-2013 04:12 PM
Last Post: Salman
  Land Department Plans To Develop Nurseries At Railways Land Salman 0 8,765 11-11-2013 04:57 PM
Last Post: Salman
  Punjab Govt Decides to Solve Disputed Land Issue With DHA Lahore Salman 0 7,830 07-11-2013 12:03 AM
Last Post: Salman
  Agreement signed to hand over Gwadar Port to Chinese company Salman 1 13,557 02-20-2013 02:15 AM
Last Post: LRE
  Punjab Property News : Land Scam is exposed in Gujar Khan City Salman 0 6,974 09-26-2012 01:17 PM
Last Post: Salman
  Land use: Housing on agri-land to be referred to 2nd committee Salman 0 4,700 09-04-2012 02:13 PM
Last Post: Salman
  Commercial property: City govt to reduce conversion fee Salman 0 4,261 08-07-2012 12:55 PM
Last Post: Salman
  Sindh govt has completed mega IT projects: Haroon Salman 0 4,512 05-23-2012 11:30 AM
Last Post: Salman
  1,000MW wind power projects: Sindh govt assures AEDB of allocating land for projects Salman 0 6,595 04-24-2012 12:14 PM
Last Post: Salman
  Sindh govt to allot 26,000 acres for windmills Salman 0 4,887 04-17-2012 01:51 PM
Last Post: Salman
  Punjab govt told to reply on blinds’ plea for land rights Salman 0 5,335 04-12-2012 12:57 PM
Last Post: Salman
  National park land may be lost to land mafia Salman 0 4,060 04-09-2012 12:03 PM
Last Post: Salman
  Knowledge City projects puts on hold for land problem Salman 0 4,276 04-07-2012 12:29 PM
Last Post: Salman
  Nespak secured 110 projects in 2010-11 Salman 0 4,153 03-23-2012 12:10 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)