Islamabad: 3 March 2022: Federal Minister for Planning Development & Special Initiatives (PD &SI) Asad Umar has approved two agenda items which includes the adoption of audited financial statements for fiscal year 2020-2021and ex post facto sanction for procurement of security and ICT equipment for ITTMS Torkham and Chaman.
The items were approved during 65th meeting of the National Logistics Board (NLB) held on Wednesday. Federal Minister for Planning, Development & Special Initiatives Asad Umar chaired the meeting which was attended by Quartermaster General Lt Gen Syed Asim Munir, DG NLC Maj Gen Yusuf Jamal, Secretary Ministry of PD&SI and other board members.
DG NLC briefed the participants about the operational, administrative and financial matters of the organization with special reference to the accomplished tasks and future development plans of NLC. The Board was apprised that while focusing on the core business of logistics as guided by the Chairman and the Board in year 2020-21, NLC has posted net profit of Rs 5.7 billion as compared to Rs. 700 million in year 2018-19. The profit ratio has been 12% being the highest one in last year.
The Board was further informed that an additional 150 vehicles have been booked enhancing the fleet size up to 900. Moreover, 200 additional vehicles are planned in FY-2022-23 that would increase the fleet size to 1100.
It was also updated that first commercial TIR moved to Turkey and Azerbaijan through Iran in Oct 2021. In addition, a road fright terminal is also being developed at Landhi (Karachi) comprising of all facilities of transport operations and is likely to be completed by August 2022. The logistics management system has been digitalized and it will be integrated with ERP. During the meeting, the Board also reviewed the progress on construction of 7th Avenue project, IJP Road, 10th Avenue, ITTMS Torkham & Chaman, CPEC Package 1(Rehmani Khail-Yarik), Nultar road,73-Kilometres Gilgit-Shandur road, Orangi Nullah and BRT Common Corridor (Karachi).
The Minister directed to increase NLC budget approval limit to fast-track the project execution. DG NLC further informed the meeting that the 47% work on ITTMS Torkham, 42.6% work on ITTMS (Chaman),71% work on Naltar road has been completed while100% work on CPEC Package-1(Rehmani Khel-Yarik) has been completed.
It was further informed that NLC has digitalized logistics management system and state-of-the-art data centre has been established to cater the needs for next ten years. The Minister appreciated the performance of NLC and its valuable contribution in the nation building efforts and timely completion of the projects and hoped that NLC would continue to play its role in boosting economic activities in the country.