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By 2022, Chinese investment in Pakistan had risen to $65 billion. [22] China refers to this project as the revival of the Silk Road. [23] CPEC envisages rapidly upgrading Pakistan's infrastructure and thereby strengthening its economy by constructing modern transportation networks, numerous energy projects, and special economic zones. [24] [25 ...
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]
Longtime Pakistan ally China has thousands of nationals working on projects grouped under the CPEC, a $65-billion investment in President Xi Jinping's Belt and Road Initiative, which seeks to ...
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 region is home to Gwadar Port, built by China as part of the China-Pakistan Economic Corridor (CPEC), a $65 billion investment in President Xi Jinping's Belt and Road Initiative, which seeks ...
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 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 ...