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The Capital Development Authority (CDA) has accelerated plans to construct a new six-lane carriageway along Service Road East, approving a project worth Rs5.072 billion aimed at easing chronic traffic congestion on the Islamabad Expressway and improving connectivity between Faizabad and Koral Chowk. The 9.25-kilometre road will run parallel to the Islamabad Expressway, extending from Faizabad to Koral Chowk near Gulberg Housing Society. Once completed, the new corridor is expected to provide motorists with an alternative route, reducing travel time on one of the capital’s busiest transport arteries while facilitating smoother traffic movement for commuters travelling to Islamabad and Rawalpindi. Officials said the project forms part of the CDA’s broader strategy to upgrade the capital’s road infrastructure in response to increasing traffic volumes and rapid urban expansion in surrounding residential and commercial areas. According to official sources, the new carriageway is expected to improve access to several housing societies and neighbourhoods located along the eastern side of the Islamabad Expressway. Authorities believe the project will not only ease traffic bottlenecks but also stimulate commercial development by increasing the value of properties and attracting new businesses along the corridor. To facilitate construction, the CDA has earmarked approximately Rs500 million for the relocation of critical utility infrastructure. This includes fibre-optic networks operated by the Islamabad Police Safe City Project, the Strategic Plans Division (SPD), Sui Northern Gas Pipelines Limited (SNGPL), and the Islamabad Electric Supply Company (IESCO). Sources said extensive utility shifting will be required before the main construction work can proceed at full pace. The project involves relocating 11kV electricity distribution lines, shifting 242 electricity poles, and relocating 248 graves that fall within the road alignment. Earthwork activities have already begun at selected locations. The road project also incorporates environmental protection measures. Officials said engineers have planned the preservation of 22 underground water channels, natural streams, and stormwater drains located along the proposed route to minimise environmental disruption and maintain the area’s natural drainage system. A breakdown of utility relocation costs shows that around Rs406 million has been allocated for IESCO infrastructure, Rs87.3 million for shifting Safe City fibre-optic networks, and approximately Rs6 million for relocating SPD facilities. Work on these utility relocation components is expected to commence after the completion of technical and administrative formalities. A senior CDA official said the authority has revised the project’s completion timeline, reducing the original target of 12 months to between six and eight months. However, the official acknowledged that the timely relocation of utilities remains the biggest hurdle and will largely determine whether the revised deadline can be achieved.

ISLAMABAD: Pakistan and China are moving toward a more business-driven model of cooperation under the second phase of the China-Pakistan Economic Corridor (CPEC), with greater emphasis on Business-to-Business (B2B) partnerships, industrial development, exports and productivity rather than large-scale Government-to-Government (G2G) financing. The development emerged during a high-level Chinese delegation’s visit to the CPEC Secretariat, where discussions focused on strengthening industrial and commercial ties between the two countries. According to an official statement issued by the Ministry of Planning on Tuesday, the Chinese delegation was headed by Sun Dongsheng, Senior Advisor, Economic Affairs Press. The delegation met Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal, along with senior policymakers and development experts. The talks centred on ways to advance B2B and industrial cooperation under CPEC 2.0, reflecting a broader shift in the corridor’s priorities from infrastructure-led development toward industrialisation, exports, technology and private-sector participation. From infrastructure to industrialisation During the meeting, Ahsan Iqbal briefed the Chinese delegation on the government’s Uraan Pakistan economic transformation programme and outlined Islamabad’s priorities for the next phase of CPEC. The minister proposed closer cooperation with Chinese institutions, including counterparts of the National Centre of New Manufacturing, to benefit from China’s experience in advanced manufacturing, innovation, automation and robotics. He said Pakistan needed to strengthen its productive capacity and adopt modern technologies to remain competitive in the era of Industrial Revolution 4.0 and prepare for the emerging Industrial Revolution 5.0. Ahsan Iqbal identified Pakistan’s limited export base as one of the country’s major economic challenges. According to the minister, repeated attempts to accelerate economic growth have struggled to generate sustainable momentum because productive sectors have not been sufficiently integrated with export markets. He stressed that the government’s priority was therefore to turn agriculture, manufacturing and other productive sectors into stronger sources of exports and foreign exchange. Pakistan seeks greater access to Chinese market The minister also called for greater facilitation of Pakistani exports to China, highlighting the considerable gap between the two countries’ trade potential. He noted that China imports goods worth around $2.6 trillion annually, whereas Pakistan’s exports to the Chinese market remain close to $3 billion. Ahsan said Pakistan needed to increase its presence in the Chinese market by improving production standards, competitiveness and the ability of domestic businesses to meet international demand. He expressed the expectation that CPEC 2.0 could help Pakistan address what he described as its “export deficit”, just as the first phase of the corridor contributed to addressing the country’s energy shortfall. CPEC enters a new phase Under CPEC’s first phase, China committed substantial financing to infrastructure, energy and other development projects in Pakistan. Nearly $30 billion was invested in infrastructure and power-sector projects, including independent power producers. However, the focus is now increasingly shifting toward private-sector-led cooperation. Islamabad continues to pursue financing for selected road and motorway projects, but China has yet to demonstrate readiness to finance the long-delayed Main Line-1 (ML-1) railway upgrade, which had previously been regarded as one of CPEC’s flagship projects. The latest consultations indicate that CPEC 2.0 is expected to rely more heavily on commercial partnerships between Pakistani and Chinese companies. The government has already been encouraging enterprises from both countries to explore joint ventures and investment opportunities in sectors including manufacturing, agriculture and mining. Ahsan Iqbal said recent agreements between Pakistani and Chinese companies showed that B2B cooperation was beginning to gain momentum. He expressed confidence that stronger business-to-business engagement would support the modernisation of Pakistan’s industrial and agricultural sectors while creating opportunities for investment, employment and exports. China stresses productive capacity Sun Dongsheng reaffirmed the importance China attaches to its longstanding relationship with Pakistan and highlighted the achievements of CPEC’s first phase. He called for further cooperation in industrial and agricultural development, particularly in strengthening Pakistan’s productive capacity. The Chinese delegation also stressed the importance of involving small and medium-sized manufacturing enterprises in bilateral economic cooperation. Greater enterprise-to-enterprise engagement, according to the delegation, could help create commercially sustainable partnerships and expand opportunities for businesses in both countries. The discussions also focused on technology transfer, innovation, skills development and the creation of stronger industrial linkages. Five Corridors aligned with Uraan Pakistan Officials also discussed the strategic relationship between the Five Corridors of CPEC 2.0 and Pakistan’s 5Es framework under Uraan Pakistan. The government’s 5Es framework focuses on exports, e-Pakistan, environment and climate change, energy and infrastructure, and equity and empowerment. The participants stressed that alignment between the two initiatives needed to translate into concrete economic outcomes, including new enterprises, technology adoption, innovation, employment opportunities, skills development, increased exports and higher investment. The delegation was also briefed on the progress achieved during CPEC Phase I and Pakistan’s priorities for the second phase. The consultations suggest that the next stage of CPEC will increasingly be measured not only by the volume of infrastructure investment but also by its ability to improve Pakistan’s industrial competitiveness, expand exports, attract private investment and create sustainable employment.

The federal government has announced a fresh revision in petroleum prices, increasing the cost of petrol while providing a slight reduction in the price of high-speed diesel. According to a notification issued by the Petroleum Division, the revised fuel prices came into effect on August 6 as part of the government’s regular fortnightly price adjustment mechanism, which is based on fluctuations in international oil markets and the exchange rate. Under the latest revision, the price of petrol has been increased by Rs4.45 per litre, taking the new retail price to Rs333.10 per litre. In contrast, the price of high-speed diesel (HSD) has been reduced by Rs2.00 per litre, bringing its new retail price down to Rs383.86 per litre. The increase in petrol prices is expected to affect millions of private vehicle owners, motorcycle riders and commuters across the country, as petrol is the primary fuel used in passenger transport. Meanwhile, the modest reduction in diesel prices may provide limited relief to the transport and agriculture sectors, where diesel is widely used for heavy vehicles, machinery and irrigation equipment. Petroleum prices in Pakistan are reviewed every two weeks, with adjustments reflecting movements in global crude oil prices, refined petroleum product premiums, freight costs and the rupee-dollar exchange rate. The government says the pricing mechanism is intended to align domestic fuel rates with international market trends while meeting fiscal commitments. The latest adjustment comes at a time when international oil markets remain volatile amid geopolitical developments and shifting global supply expectations. Analysts believe future fuel prices will continue to depend on global crude oil trends and currency movements.