The first unit of the China-built Suki Kinari Hydropower project in northwest Pakistan has commenced wet testing, marking a significant milestone under the China-Pakistan Economic Corridor (CPEC).
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Finance Ministers of Pakistan and China Meet in Washington
In a significant diplomatic move, the Finance Ministers of Pakistan and China convened in Washington D.C., underscoring the deep-rooted ties between the two nations and their commitment to further enhancing cooperation on various fronts.
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Pakistan and China Agree to Further Strengthen High-Level Engagements
Beijing, China, October 18, 2023 – On Wednesday, Pakistan and China jointly committed to enhancing high-level dialogue and engagement while further deepening their multifaceted relations encompassing politics, economics, education, science & technology, culture, and people-to-people connections.
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Pakistan Assures Full Implementation of One Window Operations for Chinese Investors
Islamabad, August 7, 2023 – Pakistan’s Prime Minister Muhammad Shehbaz Sharif announced the government’s commitment to fully implement one window operations to facilitate Chinese investors in the country, especially those involved in the China Pakistan Economic Corridor (CPEC).
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Pakistan and China Celebrate Completion of 10 Years of CPEC, Pledge Continued Cooperation
Islamabad, August 1, 2023 – A special ceremony was held on Monday, July 31, 2023, in Islamabad to mark the momentous occasion of the completion of the first decade of the China Pakistan Economic Corridor (CPEC). High-level leadership from both Pakistan and China graced the event, demonstrating the significance of this milestone in bilateral cooperation.
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Pakistan assures secure, friendly environment for Chinese investors
ISLAMABAD: Pakistan on Thursday assured a completely secure and conducive business environment for Chinese investors.
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Timelines for CPEC projects should be adhered to: PM
ISLAMABAD: Prime Minister Imran Khan on Wednesday emphasized that timelines specified for completion of China-Pakistan Economic Corridor (CPEC) should be adhered to.
Prime Minister Imran Khan chaired a high level meeting to review progress on CPEC projects.
The Prime Minister emphasized that timelines specified for completion of CPEC projects should be adhered to. He said that Government of Pakistan is fully committed to provisions of CPEC agreements.
The Prime Minister stated that China has been a time-tested friend of Pakistan and that the Government accords high priority to implementation and operationalization of CPEC projects.
The Prime Minister highlighted that continuity of policies is essential for long-term projects in order to achieve maximum benefits for the country.
Earlier, SAPM on CPEC Affairs Khalid Mansoor briefed the meeting about updated status of CPEC projects.
The meeting was attended by Federal Ministers Muhammad Hammad Azhar, Ali Haider Zaidi, Asad Umar, Advisor Finance Shaukat Fayaz Tarin, Advisor Commerce Abdul Razaq Dawood and senior officers.
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PM directs incentives to attract more Chinese investment
ISLAMABAD: Prime Minister Imran Khan on Monday directed authorities to intensify efforts to attract more investment from China, underscoring the importance of industrialization and economic growth for Pakistan’s future.
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Work on CPEC projects in full swing: Asad Umar
ISLAMABAD: Asad Umar (Minister for Planning, Development, and Special Initiatives) on Friday said that work on projects under China Pakistan Economic Corridor (CPEC) are continued in full swing.
He dispelled the impression of slowing down the pace of the CPEC projects saying that major work of the CPEC projects was completed during the Pakistan Tehreek-i-Insaaf (PTI) government.
He said in first phase of CPEC, two major sectors- power and infrastructure, were under the main focus.
“Power projects with an installed capacity of 3,340 MW were completed during the previous government while 5,864 MW of power projects were being completed during the current government’s tenure,” he said while addressing a press conference here.Apart from it, he started work on another 1824 MW project that had also been started recently that would be completed after the tenure of the current government.
In the infrastructure and road sector, the minister informed that the PML-N government completed 394 kilometers long motorways and highways under CPEC while the current government had so far completed 413 km of the motorways and highways.
Asad Umar said the PML-N government totally ignored the Western Corridor that was the heart of CPEC.
He said the Gwdar-Hoshab road was completed by the previous government while the Hakla-Dera Ismail Khan motorway was initiated by the PML-N government who completed 42% of the project while the rest was completed by the current government.
Apart from these two projects, the previous government could not reach even the initial approval stage of any of the road projects on the Western alignment, he added.
The minister said the DI Khan-Zhob road (210 km) was approved and a loan application had been submitted while negotiations for the loan were in process.
Similarly, the contractor for the Zhob-Queta project had been mobilized and PC-1 of the Quetta-Khuzdar road was approved while funding for this project had already been allocated in the Public Sector Development Programme (PSDP) 2021-22.
He informed that the current government had completed 67% of the work of the 110 km Khuzda-Basima road while it would also complete the rest work soon.
Likewise, the 146 km Hoshab-Awaran road project had also been approved and the contractor had been mobilized. The Hoshab-Awaran project is an integral part of the CPEC central alignment that connects the port city of Gwadar with Sindh.
“In fact, real work on Western Corridor of CPEC was started during PTI government,” he said adding that it did not wait for the Chinese investment and started work on the projects with its own resources under PSDP.
The minister informed the government was also starting work on the connecting roads to the Western Alignment.
Peshawar-DI Khan Motorway project is one such project which has recently been approved.Similarly, the 460 km Karachi-Quetta-Chaman road has also been approved and one of the portions would be completed by the government itself while the other sections of this project would be constructed under Public-Private Partnership.
Likewise, the government has also accorded approval to other such roads such as Nokundi-Mashkel road, Mashkel-Panjgur road, Awaran-Jhal Jhao road.
The minister said these connecting roads and the Wester Alignment were being built to take maximum benefit of the opportunities to be open up in Afghanistan after peace and stability prevailed in the country.
Asad Umar said after completion of the first phase, we were entering in the second but very important phase of CPEC under which investment would come to a range of sectors including industrialization, agriculture, livestock, science technology, and other social sector development sectors.
He said when the current government took over, not a single Special Economic Zone (SEZ) under CPEC was operational but now two SEZs Allama Iqbal Industrial Zone in Faisalabad and Rashakai in Khyber Pakhtunkhwa were operational while another SEZ named Dhabeji would also be functional soon once the Sindh government has selected the contractor for the SEZ.
Agriculture, he said was an important sector in which the Chinese had vast experience who would help Pakistan in strengthening the sector.
So far eight important initiatives in the agriculture sector have been approved under CPEC under which the Chinese would help Pakistanis to develop the sector.
He said the Chinese would help Pakistani farmers in increasing the per acre yield of the crops. Similarly, he said the Chinese would help in removing foot and mouth disease from the animals as this disease was the major hurdle in way of exporting Halal meat to the world.
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Gwadar Airport to be fully operational in two years
ISLAMABAD: The progress on New Gwadar International Airport (NGIA) was on track and it would be fully operational by September, 2023.
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