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Federal Government Announced an Ambitious Rs125 Billion

The federal government announced an ambitious Rs125 billion Sindh shooting project on the Indus River on Friday and, with the support of the state, built a massive 45 km of structures in the south of Thatta and east of Karachi to invade seawater and disassemble land. A special agreement was reached between the center's ruling Pakistan Tehreek-i-Insaf and Sindh's Pakistani People's Party at a meeting hosted by Syed Murad Ali Shah, governor of CM House.

The project cost will be about 11125 billion rupees

The conference was attended by a federal delegation led by Water Faisal Buddha and Minister of Hydropower Wapda. Lieutenant Lieutenant General Muzammil and two senior officials retired. Vawda talked to reporters after the meeting, saying, "The project cost will be about 11125 billion rupees. We are confident that the Prime Minister will approve the funds. The good thing is that during the meeting, Prime Minister Sind agreed to pay for the lack of a center.

But at the moment we are very hopeful that the federal government will pay for this project. The huge structure aims to solve the environmental problems of undersea invasion, land degradation. A statement previously released by CM House said that both sides agreed to work for national development, resolve Sindh's water crisis, and lay the groundwork for local welfare when the project meets the following needs: Decades.

CM Shah said at the meeting that "the lack of water downstream caused the invasion of the Sea of ​​Cort, destroying hundreds of villages in Tata and Sujawal, severely impacting Delta. As a result, the growth of wetland habitats, mangroves and marine life not only stopped, but mostly disappeared. Hundreds of families have moved from other places in search of livelihoods. Vawda and Wapda, briefing the chief minister, said Indus was the biggest river and lifeline of the agricultural economy.

Indus River flows

The Indus River flows with a gentle slope of 1 meter per 18 km. The downstream Kotri annual flow rate was recorded by the sea at 27.9 MAF (million acre feet). "There are flood room districts on both banks of the Indus River stretch and the flood plain is 8-12 km. According to the statement, President Wapda said at a meeting that he plans to build a 12-meter-high shot at Indus, 45 km away from the sea.

He added that the banks of the two banks on the flood plain are 4-9 meters in height, the reservoir at flooding at the crossroad is 160 km upstream, and there will be two canals on both sides for irrigation and drinking water in the coastal area. Hussain said that the right bank canal (RBC) will be built from Ghorabari to Garo, and the left bank canal (LBC) from Sujawal to Golarchi.

According to the statement, the Prime Minister suggested that RBCs should be built in Darby to supply Karachi with water, and that LBCs should be built from Golaschi to Tar to provide water to the Kara people. Chief Wapda told the conference that about 56,500 acres of land would be 55,000 acres for the flood plain, 700 acres for RBC, and 800 acres for LBC.

The Secretary stated that 80,000 acres of land must be acquired because both canals will be taken to Bezi and Tar. The conference announced that Wapda's conceptual study was completed, feasibility studies will be conducted by September 2020, reviewed by international consultants by December 2020, and detailed engineering design by 2021. Completed in December 2024.

According to industry contacted

Some companies expect local cement sales to decline in the coming months, as producers close their production lines, reducing overall cement production to 50%. They cited a reduction due to a variety of factors, including reduced demand due to the absence of infrastructure projects funded by private or government. On the other hand, a spokesman for all Pakistan Cement Manufacturers Association (APCMA) spokes of different figures for production reduction in the sector, saying the sector is operating at a capacity of 75 pcs.

However, APCMA has stopped publishing cement dispatch data since April. APCMA regularly releases cement sales data for many years, but when commented, the Association spokesman declined to give specific reasons for the suspension. CNIC's requirements for sales above Rs50,000 in conjunction with the country-specific monsoon season are some of the reasons for the decline in local sales due to the slowing of private sector construction activities and the lack of public sector development programs.

However, according to LSMI (Large Scale Manufacturing Index) data, cement production decreased by 3% in FY19, reaching 390.92 million tons, but exports increased to 6.4 m tons. Chaudhry Munir, president of the Pakistan Cement Distributors Association, told us that the amount of cement discharged from the northern region has decreased from more than 100,000 tons to 70,000 to 80,000 tons per day two months ago.

I hope to improve sales next month, he added

An unnamed official at Lucky Cement said the southern region's total sales fell from 23,000 tonnes in June to 15,000-16,000 tonnes per day. He previously said that a 10-wheeled truck would carry 700 bags, resulting in increased transportation costs due to axle load limitations. Moreover, the CNIC term is causing problems as the share of total cement sales to real estate developers is between 20-25pc while mass sales are managed through unregistered market dealers and wholesalers.

Our total sales fell 40-45pc,” he added, adding that the peak cement season starts in February, ends in October, and the winter season is stagnating from November to January. Meanwhile, a southern plant with one production line is operating at 50pc capacity, but some plants with three or four lines have closed one or two lines. For example, Attock Cement resumed two production lines in two of its three southern regions, closed last Tuesday for the last 10 days.

APCMA officials asked not to name it, but the cement manufacturer's production capacity for FY19 was 85 pcs, but fell to 75 pcs in July, but figures for the month of August will be available at the end of the month. In a report on various plant closures, he said, “So far, no plant has been completely closed.

Bankruptcy is still underway

Prices recorded only a slight change in the northern regions, but the southern regions showed a slight increase over 20pc due to tax and tariff imposed, axle load restrictions and CNIC requirements. However, India's exports have already declined in February due to New Delhi's imposition of 200pc import tariffs, while sales have declined since July.

Mohammad Hassan Bakhshi, chairman of the Association, said the new project has not been announced in the last three to four months after the cost of steel has increased by 30-40pc due to rising steel and cement prices since the 2019-20 budget.

He said installment payments from customers for already booked projects were cut in half because many people could not pay dues due to rising living costs due to rapid food prices and utility costs. The only option they have is to sell the apartment," he added. "But the market lacks apartment buyers, despite the fact that prices have not shown a steep rise," he added.

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