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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.
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.
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]
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
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 .
Gwadar features heavily in CPEC, and is also envisaged to be the link between the One Belt, One Road and Maritime Silk Road project. [11] $1.153 billion worth of infrastructure projects will be invested into the city as part of CPEC, [12] with the aim of linking northern Pakistan and western China to the deep-water seaport. [13]
Contrastingly, greater exports from China than from Pakistan caused Pakistan's trade deficit with China to rise from 25% in 2007 to 35% in 2018, or around $13 billion. [ 8 ] [ 10 ] [ 11 ] Phase one also received criticism from domestic producers and business groups in Pakistan.
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 ...