28 projects completed with cost of US$ 18.8 Billion under framework of CPEC
As many as 28 projects have been completed with a cost of US$ 18.8 billion under the Framework of China Pakistan Economic Corridor (CPEC) including 12 projects in the Energy sector, 10 projects of Infrastructure development and 6 projects in the Socio-Economic Development sector. In a written reply to the National Assembly, the minister for…
Adil Aziz
CPEC energy projects generate 46,000 job opportunities
Some 46,500 Pakistanis have been employed so far in the energy projects (completed and under-construction) under the umbrella of China Pakistan Economic Corridor (CPEC). Considering the various economic fissures prevailing in Pakistan (i.e, inequitable underdevelopment, low energy access, low human capital, and accompanying low productivity), the CPEC power plants have performed commendably in raising overall…
CSAIL launches report on Pakistan’s power industry
China Three Gorges South Asia Investment Ltd (CSAIL) Thursday launched a report titled “Overview of Pakistan’s Power Sector and its Future Outlook” that summarizes the precious practical and theoretical achievements in the construction of China Pakistan Economic Corridor (CPEC) Power Projects and looks forward to the future development direction of the industry. The report also…
Pakistan Railways to get 50 new coaches from China in December
Pakistan Railways would receive first batch of 50 new coaches from China in December to upgrade current rolling stock and provide modern facilities to the passengers. “Out of total 230 coaches around 50 will be provided as completely built units and the remaining 184 to be manufactured in the county by the department’s engineers and…
CPEC is the future of Pakistan: Zubair Hayat
China Pakistan Economic Corridor (CPEC) is the future of Pakistan, which will bring immense strategic benefits to Pakistan but a national consensus and political will is needed to move forward on the account to the next level. This was stated by Zubair Mahmood Hayat, Former Chairman of the Joint Chiefs of Staff Committee while speaking…
PM welcomes China-based NORINCO’s interest to invest in Pakistan’s renewable energy sector
Prime Minister Muhammad Shehbaz Sharif on Thursday welcomed the Chinese company NORINCO for showing interest to invest in Pakistan’s huge potential for renewable energy. He expressed these views while talking to a high-powered delegation of Chinese state-owned Company NORINCO (China North Industries Corporation) led by its vice-president Wang Xiaobing and CEO (Pakistan) Li Chen. The…
First unit of Karot Hydropower project becomes operational
The Unit-1 of Karot Hydropower project with a capacity of producing 180 MW of electricity successfully started to run after the successful commissioning of the “wet test”. The Unit-1 with a rated capacity of 180 MW is continuously running on full load and is supplying the energy to the National Grid, said a statement issued…
Pakistan export to China up nearly 17 percent in first quarter
Pakistan’s export to China crossed $ 1.039 billion in the first quarter of 2022, recording a nearly 17% increase from January to March this year, as per General Administration of Customs of the People Republic of China (GACC). According to data from GACC, in the first three months of this year, China’s exports to Pakistan…
Sino-Pakistan review progress on CPEC, SEZs
Pakistan and China on Friday reviewed the progress of China Pakistan Economic Corridor (CPEC), Special Economic Zones (SEZs) and also discussed the future plan for the completion of these projects. Both sides evaluated the development of CPEC,SEZs, particularly Rashakai, Allama Iqbal, Dhabeji and Bostan SEZs and expressed satisfaction over the achievements so far, said a…
CPEC second phase to reinforce Pakistan’s efforts for economic development: PM
Prime Minister Imran Khan Tuesday said that the ongoing second phase of the China-Pakistan Economic Corridor (CPEC) would reinforce Pakistan’s efforts for economic development with enhanced cooperation in areas such as industrial development, agriculture, and information technology. The prime minister, in a meeting with Chinese State Councilor and Foreign Minister Wang Yi on the sidelines…