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The Pakistani media and government have called CPEC investments a "game and fate changer" for the region, [267] [268] with both China and Pakistan aiming for the massive investment plan to transform Pakistan into a regional economic hub and further deepen the ties between the two countries. [269]
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]
Situated in the region of Bannu, Khyber Pakhtunkhwa, it holds prominence as one of the 17 economic zones designated for creation by the Khyber Pakhtunkhwa Government under the overarching CPEC framework. Commencing with an initial land area encompassing approximately 408 acres, the first phase of the zone's development has successfully concluded.
The Engro Thar Coal Power Project (Thar-ll), also known as Engro Powergen Thar, is a coal-fired power plant developed as part of the China–Pakistan Economic Corridor by Sindh Engro Coal Mining Company (a joint venture between the government of Sindh and Engro Corporation) and China Machinery Engineering Corporation in the Thar Block-II of the Thar Coalfield, Tharparkar District, Sindh ...
Roads in Pakistan The Mansehra–Muzaffarabad–Mirpur Expressway ( MMM Expressway ) is a proposed expressway project in Pakistan, connecting the cities of Mansehra , Muzaffarabad , and Mirpur . The project is part of the China-Pakistan Economic Corridor (CPEC) and is considered of exceptional significance by the Azad Jammu and Kashmir government .
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]
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]