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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 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 ...
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 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.
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]
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 .
ISLAMABAD (Reuters) -The Pakistan Peoples Party (PPP) on Tuesday indicated it would support former prime minister Nawaz Sharif's party to form a minority government, seeking to end a stalemate ...