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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 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 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 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.
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 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 second meeting of Pakistan-China JCM was virtually held in August 2020. During the meeting, Pboth countries agreed to push CPEC into its second phase, beyond infrastructure and energy, through broader economic and social development, agricultural modernization, including rural revitalization, industrialization, and green growth.
The China–Pakistan Free Trade Agreement (CPFTA) is a free trade agreement (FTA) between the People's Republic of China and the Islamic Republic of Pakistan that seeks to increase trade and strengthen the partnership between the two countries.