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By 2022, Chinese investment in Pakistan had risen to $65 billion. [19] China refers to this project as the revival of the Silk Road. [20] CPEC envisages rapidly upgrading Pakistan's infrastructure and thereby strengthening its economy by constructing modern transportation networks, numerous energy projects, and special economic zones. [21] [22 ...
The Rashakai Special Economic Zone (Rashakai SEZ) is a key initiative within the China-Pakistan Economic Corridor (CPEC) framework. Positioned in Rashakai, Nowshera, Khyber Pakhtunkhwa, it stands as one of the nine special economic zones planned for establishment between 2017 and 2030 as part of the CPEC initiative. Covering an area of around ...
The inaugural stage of the Bannu Economic Zone encompasses an area of 408 acres, equipped with critical infrastructure. This infrastructure comprises dedicated internal roadways, a comprehensive drainage network, an 11 kilovolt power distribution system, [5] natural gas connections, and communication networks extending to the primary entry point of the zone, catering to the needs of ...
The book is divided into ten chapters that discuss and evaluate the anticipated economic and geopolitical effects on the region. In addition, it investigates the role of CPEC in the future regional cooperation and integration of subnational regions such as Balochistan, Khyber Pakhtunkhwa (including the Federally Administered Tribal Areas), and Gilgit-Baltistan.
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
Special Economic Zones (SEZs) in Pakistan are areas designated by the government of Pakistan to promote industrial growth and attract investment. In Pakistan, the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year. [1] [2]
Roads in Pakistan The Mansehra–Muzaffarabad–Mirpur Expressway ( MMM Expressway ) is a proposed expressway project in Pakistan, connecting the cities of Mansehra , Muzaffarabad , and Mirpur . The project is part of the China-Pakistan Economic Corridor (CPEC) and is considered of exceptional significance by the Azad Jammu and Kashmir government .
As part of CPEC, approximately $11 billion worth of infrastructure projects being developed by the Pakistani government will be financed by concessionary loans, with composite interest rates of 1.6%, [18] after Pakistan successfully lobbied the Chinese government to reduce interest rates from an initial 3%. [19]