Pakistan invited to invest in housing and infrastructure projects in Sri Lanka

Saturday, 6 December 2014 00:31 - - {{hitsCtrl.values.hits}}

Islamabad: High Commissioner of Sri Lanka to Pakistan Air Chief Marshal Jayalath Weerakkody has invited Pakistan to invest in housing and infrastructure projects in Sri Lanka. Weerakkody has proposed that Pakistan increase investments in Sri Lanka when he called on Pakistan’s Federal Minister for Finance, Senator Mohammad Ishaq Dar in Islamabad on Thursday. The Finance Minister welcoming the High Commissioner has said that the feeling of friendship is shared by both the sides and Pakistan would like to expand it further, Associate Press of Pakistan reported. The Sri Lankan Envoy has told the Pakistani Minister that many other regional investors are also making investment in Sri Lanka in this sphere. The Minister said that proposal was a worth consideration and he would like Pakistani investors to expand their horizons. The Sri Lankan High Commissioner has also discussed the current political situation of the country with the Finance Minister and said that the diplomatic community supports democracy in Pakistan. Finance Minister has extended his best wishes for the upcoming presidential elections in Sri Lanka and said Pakistan would continue to work with Sri Lanka in future to promote mutual goodwill and cooperation.

MR plays Santa: Cuts fuel prices

The Government has announced a further reduction in fuel prices with effect from midnight yesterday. The Ceylon Petroleum Corporation announced that petrol and diesel varieties will be reduced by Rs 7. Kerosene prices have also been reduced by Rs 7.

flyovers at Rajagiriya, Polgahawela and Ganemulla soon

The Road Development Authority (RDA) has identified the need to construct three flyovers to ease traffic congestion and avoid delays experienced by the motorists and has accordingly decided to construct flyovers at Rajagiriya, Polgahawela and Ganemulla. The flyover at Rajagiriya is required to be constructed urgently to ease traffic congestion, minimise accidents and to reduce high vehicle operating costs, the authority says. Flyovers at Ganemulla and Polgahawela are especially required to avoid long delays that are being experienced by road users due to frequent closure of railway gates at the level crossings. Cabinet has given approval to a proposal made by the President, in his capacity as Minister of Highways, Ports and Shipping, to award the contract for the construction of the three flyovers as recommended by the Standing Cabinet Appointed Procurement Committee (SCAPC).