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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 ...
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]
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.
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]
"Protocol to Amend the Free Trade Agreement Between the Government of the People's Republic of China and the Government of the Islamic Republic of Pakistan". Government of Pakistan Ministry of Commerce. Islamabad. The Pakistan Business Council (2020). "Preliminary Analysis of Pak-China FTA Phase II". The Pakistan Business Council.
The Western Alignment roadway network begins at the Brahma Bahtar Interchange on the M1 Motorway near the towns of Burhan and Hasan Abdal in northern Punjab province. [3] The newly reconstructed Karakoram Highway connects to the Western Alignment at Burhan, near where the new 285-mile-long (285 mi) controlled-access Brahma Bahtar-Yarik Motorway will commence. [4]
One notable ownership is Daewoo Pakistan, and the company has made strategic investments in significant projects. This includes substantial involvement in Thar Coal Block 1, a vital project under the China-Pakistan Economic Corridor (CPEC) known as an "early harvest" initiative. The project encompasses a 7.8 million tons per annum coal mine and ...
The Special Investment Facilitation Council (SIFC) is a Federal government body and Investment Promotion Agency constituted under the Prime Minister of Pakistan, (Incumbent, Shehbaz Sharif). The SIFC was established on 20 June 2023 with the stated goal of acting as a "'single window' to facilitate investors, establish cooperation among all ...