قومی ریئل اسٹیٹ خبریں

Islamabad | ReNews National Desk Prime Minister Muhammad Shehbaz Sharif has convened a high-level meeting to review outstanding payments of approximately Rs 500 billion owed to power projects established under the China-Pakistan Economic Corridor (CPEC), amid growing financial pressures on the country's electricity sector. According to reports citing official sources, the meeting will examine outstanding power-sector liabilities, the financial position of CPEC electricity projects and payments pending to Chinese power producers operating in Pakistan. The reported arrears have reached approximately Rs 500 billion, with the Central Power Purchasing Agency-Guaranteed (CPPA-G) facing difficulties in settling the outstanding amounts because of financial constraints. Chinese power companies have repeatedly approached the relevant authorities through official correspondence, seeking payment of their accumulated receivables. Some operators have warned that prolonged payment delays could undermine their ability to meet debt-servicing obligations and maintain financially sustainable operations. Earlier reports published on October 19 indicated that outstanding dues owed to CPEC power projects had reached approximately Rs 498 billion. Among the affected companies is Port Qasim Electric Power Company (PQEPC), which operates a 1,320-megawatt coal-fired power plant developed under CPEC. According to a letter dated September 29, 2026, the company reported outstanding electricity payments of approximately Rs 79 billion, with some payments delayed for more than six months. PQEPC Chief Executive Officer Wang Dongfeng approached the federal ministers responsible for finance, planning and energy, requesting urgent government intervention to secure the release of the pending payments. The company warned that continued delays could affect the project's financial sustainability and potentially lead to defaults under loan agreements and government-backed financial obligations. Similarly, the 1,320-megawatt Sahiwal coal-fired power plant has reportedly accumulated approximately Rs 80 billion in outstanding receivables. The project's Chinese operator has also approached government authorities seeking settlement of unpaid amounts and resolution of longstanding disputes relating to electricity payments. The combined reported receivables of the Port Qasim and Sahiwal projects stand at approximately Rs 159 billion, accounting for a substantial portion of the overall outstanding payments to CPEC power producers. Financial pressures have also affected renewable energy projects developed under the economic corridor. UEP Wind Power, a 99-megawatt CPEC wind energy project, has requested approximately Rs 5.824 billion from CPPA-G to meet financial obligations, including loan repayments, operational expenses and other liabilities. The company has warned that insufficient cash flow could increase the risk of default if outstanding payments are not released in time. The accumulation of unpaid electricity bills is linked partly to financial constraints within the power sector, including inadequate recoveries by electricity distribution companies. These financial pressures have reduced the purchasing agency's ability to settle payments to independent power producers, increasing liquidity concerns for companies operating major generation projects. According to government sources, key federal ministers and senior officials from the relevant departments are expected to participate in the prime minister's meeting.

Karachi | ReNews National Desk The Karachi Port Trust (KPT) has directed its relevant departments to review land boundaries, resolve outstanding demarcation issues and strengthen the protection of its properties in key areas surrounding Karachi Port. The directives were issued by KPT Chairman Rear Admiral (Retd) Shahid Ahmed following a comprehensive field inspection of port-area landholdings and properties. According to details reported on October 20, 2026, the chairman was accompanied by the Director General of the Real Estate Division and the Directors General of Civil Works and Planning during visits to several important locations. The inspection focused on verifying existing land boundaries, assessing the status of KPT-owned properties and identifying administrative and infrastructure-related issues requiring attention. The sites inspected included the Boat Building Yard, Fish Harbour, West Wharf, various plots in Machar Colony and Younisabad. Wazir Mansion and plots situated along Mauripur Road were also identified for more detailed examination as part of the broader review of the port authority's landholdings. According to KPT officials, the exercise was aimed at strengthening land management procedures, addressing boundary-related concerns and ensuring the protection of valuable public assets. The inspection also covered aspects of civic infrastructure associated with the identified properties and their surrounding areas. Chairman Shahid Ahmed directed the departments concerned to expedite the resolution of outstanding matters and ensure proper demarcation of land belonging to Karachi Port Trust. He also instructed officials to take appropriate measures to protect the authority's land from potential encroachments and improve oversight of its properties. The review is particularly relevant because Karachi Port is surrounded by a combination of industrial facilities, maritime businesses, commercial properties, transport infrastructure and established residential settlements. In such areas, accurate land records and clearly defined property boundaries are important for protecting public assets and reducing administrative disputes. West Wharf and Fish Harbour are among the locations associated with significant port-related and commercial activities, while Mauripur Road provides access to industrial and transport facilities connected with the wider port area. Clear demarcation of KPT-owned land could help improve property management, access arrangements and planning for infrastructure maintenance. For businesses operating in or near these areas, accurate land boundaries may also provide greater clarity regarding operational spaces, leased properties and rights of access. However, the inspection and boundary review should not be interpreted as confirmation that all the identified locations are under illegal occupation. The available report does not provide specific plot measurements, details of newly established encroachments or a list of occupants facing eviction. It also does not announce any new commercial land auction, redevelopment scheme or changes to existing lease arrangements. Although Wazir Mansion and the Mauripur Road plots have been identified for additional review, their inclusion does not establish unlawful occupation or determine the legal status of individual properties. Any subsequent changes involving leases, property rights, access arrangements or commercial use would require appropriate administrative procedures and official documentation. The inspection represents an administrative effort to improve the management and protection of Karachi Port Trust's land assets rather than a completed enforcement operation. KPT's broader responsibilities include managing port-related infrastructure, protecting its properties and supporting the commercial and maritime activities associated with Karachi Port. Effective land management is important for maintaining operational efficiency and ensuring that valuable port-area properties remain available for their designated purposes. The chairman's instructions place responsibility on the relevant departments to examine the identified issues, clarify land boundaries and take appropriate measures where necessary. Further details regarding individual properties, any enforcement proceedings or proposed changes to land use will depend on subsequent official decisions and notifications from Karachi Port Trust.

Islamabad | ReNews National Desk Capital Development Authority (CDA) Chairman Sohail Ashraf has directed officials to upgrade facilities at Faisal Mosque, with particular attention to cleanliness, public conveniences and maintenance of its surroundings. During a visit on Tuesday to review ongoing renovation and beautification work, the chairman instructed the relevant departments to complete necessary repairs, maintain existing infrastructure and ensure essential facilities remain functional and accessible. The directives covered improved sanitation, upkeep of pathways and surrounding areas, and adequate canteen facilities for visitors. Ashraf also called for better landscaping and maintenance of green spaces to provide a welcoming environment for worshippers and domestic and international tourists. He stressed that the renovation should preserve Faisal Mosque’s distinctive architectural design and spiritual significance while improving visitor comfort. Officials were instructed to maintain construction quality and complete the work on time. To support implementation, the chairman called for close coordination among the relevant CDA departments, National Engineering Services Pakistan (NESPAK) and ESCP. He also directed officials to monitor progress regularly and ensure continued maintenance of the upgraded facilities. Senior representatives from the CDA’s building, services, engineering and maintenance departments attended the inspection, alongside the chief executive officer of the Metropolitan Corporation Islamabad and officials from NESPAK and ESCP. The report did not specify a project budget or completion date.