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In May 2016, the $2.9 billion loan received final approvals from the Government of the People's Republic of China on 4 May 2016, and will be provided as concessionary loans with an interest rate of 2.0%. [105] The National Highway Authority of Pakistan reported that contractors arrived on site soon after the loan received final approval. [105]
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.
The CPEC project envisages an expanded and upgraded road network in the aforementioned provinces, and will result in the upgrading or construction of 1,153 kilometres (716 mi) worth of road into two- and four-lane divided highways by mid-2018 along the Western Alignment, [1] with land acquisition sufficient for upgrading parts of the road to a ...
Construction on Phase 1 of the project began in 2002 after the agreement for its construction was signed during the state visit of Chinese Premier Zhu Rongji in 2001. [27] After completion of Phase 1 in 2007, the first commercial cargo vessel to dock at the port was the "Pos Glory," with 70,000 Metric Tonnes of Wheat on 15 March 2008. [28]
Business Studies is taught at the higher secondary level (Class 11 and 12) for students who have taken the Commerce Stream subject. According to the Central Board of Secondary Education, Business Studies is a compulsory subject for Commerce Stream along with Economics and Accountancy students. At the state board, the subject code for Business ...
During 2016, AIIB committed a total of $1.73 billion to nine projects, among which six projects are joint initiatives with other international lenders such as the World Bank and the Asian Development Bank. It had achieved its loan target of $1.2 billion for the first year. [106] [107]
Amin, Nasser. "The dynamics of the Sino-Pakistani strategic partnership from its formation in the 1960s to the present" Journal of Contemporary Development & Management Studies 7 (2019): 51–66 online; Ayoob, Mohammed. "India as a Factor in Sino- Pakistani Relations." International studies (New Delhi) 9, no. 3 (1967), 279–300. Chaudhuri, Rudra.
In 2022 profits of CNOOC doubled to $20.6 billion from $10.2 billion in the previous year. There was an 8.9% increase in total oil and gas output. [25] In August 2023, CNOOC and Petrobras agreed on strategic cooperation in the areas of oil refining and chemical engineering, engineering and oil services, green and low-carbon energy, and crude ...