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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 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 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 ...
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 ...
Indonesia is identified as a primary source for its high quality coal, reliable production, and short transit times to Pakistan. [ 16 ] Coal from Pakistan's own Thar coalfield was found to contain excessive amounts of sulfur and lime, and was not deemed to be of high enough quality for the project. [ 17 ]
Terrorism against the miners is threatening key foreign investment in Pakistan. At least 20 miners were killed and seven others wounded in an attack on a coal mine in Duki district, in the ...
Though the plant is now considered to be part of the China Pakistan Economic Corridor (CPEC) which was announced in April 2015, the symbolic ground breaking for the project actually preceded the announcement of CPEC and took place in May 2014, [4] as the government of Punjab in March 2014 invited bids for the construction of two 660MW power ...