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By Muhammad Faisal Kaleem Pakistan Railways (PR) is investing over Rs31 billion in six major development projects aimed at the upgradation and rehabilitation of the country’s railway network. The move will improve safety standards, enhance operational efficiency and provide better, faster and more reliable services to passengers and freight operators nationwide.
By Muhammad Faisal Kaleem The Planning Commission has raised the ceiling for the variable portion of the price adjustment formula by up to 70% for construction material used in National Highway Authority (NHA) projects. According to a document available with Wealth Pakistan, the decision has been taken in view of the unprecedented increase in prices of construction material. The price adjustment formula is provided in FIDIC contracts to mitigate the risk of market fluctuations.
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