Government of Australia has cleared the A$ 10 bn coal project of GVK Power and Infrastructure for the construction of a new export terminal in Queensland state. The project has a mine life of over 30 years and would produce 32 mn tonne a year. It is one of five major coal projects in the basin aiming to produce more than 180 mn tonne by the end of the decade, doubling Australia’s thermal coal exports.
According to the recent results posted by All Pakistan Cement Manufacturer Association (APCMA), Pakistan's cement exports to India have been declining unabatedly since the two countries unlocked their borders for liberal bilateral trade. Exports to India dropped by a whopping 39 per cent YoY.
During 2012-13, cargo exports from Tiruchi Airport have registered 44 per cent growth. The cargo terminal has also registered a new high by handling 395 tonne of international cargo during March, the highest ever for the airport so far. The previous high was 313 tonnes handled in January early this year.
Media reports say that Pakistan's cement exports to India have drastically come down. Discussions regarding the most favoured nation (MFN) status to India began in 2010. However, in contradiction with moves to open up trade with India, Pakistan’s cement exports to India have since declined by 20.35 per cent.
Exim Bank plays the role of a coordinator and facilitator for the promotion of project exports and serves as the focal point of the Working Group on Project Exports covering overseas industrial turnkey projects,
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