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However, the Pakistan government claims that Chinese loans will be repaid over 20–25 years at a rate of 2% interest. [447] Pakistan has already started negotiating debt relief from China due to difficulties in repaying the loan and is seeking more favorable payment terms for the projects under CPEC. [448]
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.
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 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]
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 ...
The government will pay off its $1.38 billion debt to power producers allowing them to pay fuel suppliers. [39] Power supply to Pakistan's commercial capital Karachi will be decreased by 300 megawatts to allow fairer distribution of power to the remaining parts of the country. [40] Tube wells will not be allowed to operate from 7 pm to 11 pm. [2]
The Karot Hydropower Project is an asphalt-core rockfill gravity dam in Pakistan, with an installed capacity of 720 MW. The project is sponsored by Chinese state-owned company China Three Gorges Corporation (CTG). It is the first investment project of the Silk Road Fund, and is part of the much larger China–Pakistan Economic Corridor (CPEC).