[146], Procurement of an initial 250 new passenger coaches, and reconstruction of 21 train stations are also planned as part of the first phase of the project â bringing the total investment in Pakistan's railway system to approximately $5 billion by the end of 2019. [127] The motorway will traverse the Sindh Sagar Doab region, and cross the Indus River at Mianwali before entering into Khyber Pakhtunkhwa province. On 20 April 2015, Pakistan and China signed an agreement to commence work on the $46 billion agreement, which is roughly 20% of Pakistan's annual GDP,[49] with approximately $28 billion worth of fast-tracked "Early Harvest" projects to be developed by the end of 2018. [274], Pakistan's large textile industry has also been negatively affected by several-hour long power cuts, with almost 20% of textile factories in the city of Faisalabad shutting down on account of power shortages. Overview: The Base Education Center (BEC) provides personal and professional learning opportunities through education counseling, military and civilian testing, education workshops and briefs, on-base college classes, tuition assistance, administrative support, and world-class customer service. Ltd. 50 MW Wind Power Project", "Thar Mine Mouth Oracle Power Plant (1320 MW) & surface mine", "CPHGC 1,320MW Coal-Fired Power Plant, Hub,Balochistan", "Matiari to Lahore ±660kV HVDC Transmission Line Project", "Suki Kinari Hydropower Station, Naran,Khyber Pukhtunkhwa", "SSRL Thar Coal Block-I 6.8 mtpa & Power Plant(2Ã660MW) (Shanghai Electric)", "Surface Mine in Block II of Thar Coal Field, 3.8 Million Tons/Year", "Engro Thar Block II 2Ã330MW Coal fired Power Plant", "GE wins equipment and services deals for TEL power plant in Pakistan", "Progress Update | China-Pakistan Economic Corridor (CPEC) Official Website", "Govt puts major CPEC power project on hold", "OPINION | An Unequal Equation? On 26 May, it was unveiled that transmission line of 660 KV would be laid between matiari and Lahore. Most of us It provides 2 kanal 1 kanal , 10 marla, 8 It will still fall upon Pakistani people to leverage it for … Rich powerful countries like China and corporations from such countries love doing business with corrupt people in 3rd world countries like Pakistan. [27] An estimated 10,400 MW of electricity are slated for generation by March 2018 as part of CPEC's "Early Harvest" projects. The project will require the construction of seven interchanges, and 25 bridges on the Indus river and irrigation canals. [113] The road will be a six lane wide controlled access highway,[114] with 11 planned interchanges, 10 rest facilities, 492 underpasses, and 54 bridges along its route. [220] It will be 42 inches (1.1 metres) in diameter, and have the capacity to transport 1Ã109 cubic feet (2.8Ã107 m3) of liquified natural gas every day, with an additional 500Ã106 cubic feet (1.4Ã107 m3) of additional capacity when the planned off-shore LNG terminal is also completed[221] The project will not only provide gas exporters with access to the Pakistani market, but will also allow China to secure a route for its own imports.[222]. [421][249], Several articles in Pakistan have criticised the project's finances as being shrouded in mystery, while one article suggested that "there is far too much secrecy and far too little transparency". [327], After signing the agreement, Iran's ambassador to Pakistan, Mehdi Honerdoost, stated that the agreement was "not finished", and that Iran would welcome the inclusion of both Pakistan and China in the project. [138] Google has many special features to help you find exactly what you're looking for. [381], COD of complete project is targeted by Feb 2023. [46] Two months later, Pakistan Prime Minister Nawaz Sharif met with Premier Li Kequiang in China to discuss further plans,[47] resulting in the full scope of the project to be devised under Sharif's tenure. [210][211], Near the Thar-I Project, the China Machinery Engineering Corporation in conjunction with Pakistan's Engro Corporation will construct two 330 MW power plants as part of the "Thar-ll Project" (having initially proposed the simultaneous construction of two 660 MW power plants) as well as developing a coal mine capable of producing up to 3.8 million tons of coal per year as part of the first phase of the project. [298] The current Transit Trade Agreement provides Afghanistan access to the Port of Karachi to conduct export trade with India, and allows Afghan goods to be transited up to any border of Pakistan, but does not guarantee Afghan trucks the right to traverse the Wagah Border, nor does the agreement permit Indian goods to be exported to Afghanistan via Pakistan. city Islamabad is the most modern and considered a future business hub housing marlas and 8 marlas commercial property on 3 years installment plan. Phase 2 under construction. SSRL Thar Coal Block-I 6.8 Mtpa &SEC Mine Mouth Power Plant(2Ã660 MW), First Unit (660 MW) is targeted by Aug 2022, Surface mine in block II of Thar Coal field, 3.8 million tons/year, Thar block II unearths coal on 10 June 2018, HUBCO Thar Coal Power Project (Thar Energy) (330 MW), ThalNova 330 MW Mine Mouth Lignite Fired Power Project at Thar Block-II, Sindh, Pakistan, Imported Coal Based Power Project at Gwadar, Pakistan (300 MW), Under Growing - Membership Open for business community, This page was last edited on 5 March 2021, at 11:57. [35], Some planning aspects and technicalities associated with the route have been criticised in political forums and by the media. [64] In February 2017, the Egyptian Ambassador to Pakistan expressed interest in CPEC cooperation. [256], The long-planned 27.1 km long $1.6 billion Orange Line of the Lahore Metro is regarded as a commercial project,[239] and does not qualify for the Exim Bank's 1.6% interest rate. To save money for rest of your life or owning your house in this It … [286] In addition to vulnerabilities faced in the Straits of Malacca region, China is heavily dependent upon sea-routes that pass through the South China Sea, near the disputed Spratly Islands and Paracel Islands, which are currently a source of tension between China, Taiwan, Vietnam, the Philippines, and the United States. The company argued that coal would instead have to be transported from distant Sindh province, which along with inefficiencies in mining procedures, increased the cost of fuel by 30.5%. [196], Approximately $11 billion worth of infrastructure projects being developed by the Pakistani government will be financed at an interest rate of 1.6%,[246] after Pakistan successfully lobbied the Chinese government to reduce interest rates from an initial 3%. It provides 2 kanal 1 kanal , 10 marla, 8 marla and 5 marla, residential plots. [173] Energy generation will be a major focus of the CPEC project, with approximately $33 billion expected to be invested in this sector. Israel was born out of thin air. [119] Portions of the project will also be funded by a $90.7 million grant announced in October 2015 by the government of the United Kingdom towards the construction of the Gojra-Shorkot section of the M4 Motorway project. [348] For territorial security, Pakistan has formed the Special Security Division. [236][237] The framework includes cooperation in Remote Sensing (RS) and Geographical Information System (GIS), food processing, pre-and-post-harvest handling and storage of agricultural produce, selection and breeding of new breeds of animals and new varieties of plants, specifically fisheries and aquaculture. [112] The planned route of the motorway runs roughly parallel to the existing National Highway and Indus Highway at various portions. It will consist of 11 interchanges, 74 culverts, and 3 major bridges spanning the Indus, Soan, and Kurram Rivers. [246] Thus, Pakistan only has to repay the principal on these loans. [225] The facility became operational in May 2018.[226]. Negotiations to provide an alternate route to the Central Asian republics by way of China predate the announcement of CPEC. [43] On 10 April 2016, Zhang Baozhong, chairman of China Overseas Port Holding Company said in a conversation with The Washington Post that his company planned to spend $4.5 billion on roads, power, hotels and other infrastructure for the industrial zone as well as other projects in Gwadar city. [176][177], In March 2018, Pakistan announced that hydropower projects would be prioritized following the completion of under-construction power plants. [157] As part of the first phase of the CPEC railway project, the remaining stretch of track between Shahdara and Peshawar is to be upgraded to a dual track railway. today I am going to tell you about a have multiple opportunities for its [55], In February 2016, the two countries agreed to establish the "Pak-China Science, Technology, Commerce and Logistic Park" near Islamabad at an estimated cost of $1.5 billion. [73] The swathe of land was handed to the China Overseas Port Holding Company in November 2015 as part of a 43-year lease. During the August 2015 visit of Pakistani Prime Minister Nawaz Sharif to Kazakhstan, the Kazakh Prime Minister Karim Massimov, conveyed Kazakhstan's desire to link its road network to the CPEC project. It provides all the fundamental facilities that are [85], In 2020, Government[which?] 50% civil work completed. [108], The first section of the project is providing high-speed road access from the Port of Karachi to the city of Hyderabad and interior Sindh. Even if CPEC is legit. Gwadar forms the crux of the CPEC project, as it is envisaged to be the link between China's ambitious One Belt, One Road project, and its 21st Century Maritime Silk Road project. [440][441] India's Foreign Secretary Subrahmanyam Jaishankar also confirmed that the issue had been raised with the Chinese government on the trip. [439], The Government of India, which shares tense relations with Pakistan, objects to the CPEC project as upgrade works to the Karakoram Highway are taking place in Gilgit-Baltistan; territory that India claims as its own. City Islamabad offers different sizes of residential and commercial plots to [55], In September and October 2015, the government of the United Kingdom announced two separate grants to the Government of Pakistan for construction of roadways that are complementary to CPEC. The proposed Bangladesh-China-India-Myanmar Corridor (BCIM) would also be vulnerable to Indian advances against China in the event of conflict, thereby potentially limiting the BCIM Corridor's usefulness to China's energy security, and thereby increasing Chinese interest in CPEC. Blue World City CEO Presents Cheque of Donation to PM. [95] The National Highway Authority of Pakistan reported that contractors arrived on site soon after the loan received final approval. [240] The park will be situated on 500 hectares, which will be provided by Pakistan to China's Xinjiang Production and Construction Corps, with all investments expected to come from the Chinese side over the course of ten years. [266], According to China's prime minister, Li Keqiang, Pakistan's development through the project might "wean the populace from fundamentalism".[35]. CPEC includes provisions for cooperation in management of water resources, livestock, and other fields of agriculture. They link the supply and demand sides of markets. [240], In May 2016, construction began on the $44 million 820 kilometer long Pakistan-China Fiber Optic Project, a Cross Border Optical Fiber Cable that will enhance telecommunication and ICT Industry in the Gilgit Baltistan, Khyber Pakhtunkhwa and Punjab region, while offering Pakistan a fifth route by which to transmit telecommunication traffic. [97][98] The next 335 kilometres of roadway connect Raikot to the China-Pakistan border. On returning from China, all the Senators issued press statements and unequivocally claimed that Balochistan would not get anything from the CPEC. [366] Separatist violence had decreased in the province so much by 2017, that such groups had become much less of a threat compared to Islamist militants.[367]. Corona Virus has greatly affected the working class in Pakistan. [207] As part of infrastructure required for electricity distribution from the Thar l and ll Projects, the $2.1 billion Matiari to Lahore Transmission Line, and $1.5 billion in Matiari to Faisalabad transmission line are also to be built as part of the CPEC project. [297] Despite signing of the QATT, the agreement's full potential was never realised, largely on account of poor infrastructure links between the four countries prior to the announcement of CPEC. for Pakistani and Chinese manufacturers with additionally secure access to chakri Rawalpindi ring road intersection. [81], The city of Gwadar is further being developed by the construction of a 300 MW coal power plant, a desalinization plant, and a new 300-bed hospital. [149], The CPEC "Early Harvest" plan includes a complete overhaul of the 1,687 kilometre long Main Line 1 railway (ML-1) between Karachi and Peshawar at a cost of $3.65 billion for the first phase of the project,[88] with the first phase expected to be completed by December 2017. In August 2016, Quetta was struck by a terrorist suicide bombing which killed 70 people,[374] while sectarian militants still frequently target Baluchistan's Shia Hazaras. 133 billion Pakistan rupees equivalent to US$1.26 billion as of May 2016, 7.5 billion PKR = 71.66 million USD as of 10 February 2016, note: 50 billion Pakistani Rupees = US$475 million as of December 2015, 50 billion PKR approximately US$480 million as of February 2016. that the army will deploy 12,000 troops to protect CPEC. NESPAK Foreign Offices are in Saudi … Blue world city Islamabad is the most modern and considered a future business hub housing scheme which is adjacent to Rawalpindi Ring Road. [citation needed] China reportedly also expressed concern that militant groups in Xinjiang could collaborate with Tehrik-i-Taliban militants in Pakistan. Blue World City is situated at Chakri Interchange on Lahore-Islamabad Motorway near to the anticipated chakri Rawalpindi ring road intersection. [408], CPEC is viewed by many critics in western media as a neo-imperialist exercise. . In addition to upgrading the ML-1, the CPEC project also calls for similar major upgrade on the 1,254 kilometre long Main Line 2 (ML-2) railway between Kotri in Sindh province, and Attock in northern Punjab province via the cities of Larkana and Dera Ghazi Khan. BWC is an icon of Pak China Amicable because it is the 1st private housing initiative that is being launched in sodality along with a Chinese investment organization. The Western Alignment project will result in the upgrading of several hundred kilometers worth of road into 2 and 4-lane divided highways by mid-2018, with land acquisition sufficient for upgrading parts of the road to a 6-lane motorway in the future. ", "List of Agreements/MOUs signed during the visit of Prime Minister to Iran (May 23. The project should not be confused with the $2 billion 1,100 kilometre North-South Pipeline liquified natural gas pipeline which is to be constructed with Russian assistance between Karachi and Lahore with anticipated completion by 2018. The CPEC Alignments will improve connectivity to restive Xinjiang, thereby increasing the region's potential to attract public and private investment. Importantly, as empires crumbled, the ruling powers carved out a new map of the world. Most of this section of roadway was completed in September 2012 at a cost of $510 million. Although not officially under the scope of CPEC, the 1,223 MW Balloki Power Plant, and the 1,180 MW Bhakki powerplants have both been completed in mid-2018,[226][227][224][228] which along with the 969 MW NeelumâJhelum Hydropower Plant completed in summer 2018 and 1,410 MW Tarbela IV Extension Project, competed in February 2018,[229] will result in an additional 10,000 MW being added to Pakistan's electricity grid by the end of 2018 with a combination of CPEC and non-CPEC projects. ECNEC approved the project on 5 August 2020. [146], Longer term projects under CPEC also call for construction of the 682 kilometre long Khunjerab Railway line between the city of Havelian, to the Khunjerab Pass on the Chinese border,[164] with extension to China's Lanxin Railway in Kashgar, Xinjiang. "[280], Moody's Investors Service has described the project as a "credit positive" for Pakistan. Take the challenge of this iconic half marathon, and race past Melbourne’s famous landmarks before you finish with a lap of the hallowed turf of the ‘G’. [154] Pakistani railways currently account for 4% of freight traffic in the country, and upon completion of CPEC, Pakistani railways are expected to transport 20% of the country's freight traffic by 2025. cater to the upcoming residential and also commercial requirements of Islamabad The electricity would be produced from coal-based power plants at Thar, Port Qasim and Hub. "[435] Other residents doubt they will see any of the benefits promised by CPEC, while others fear they will be evicted from their homes in order to make way for infrastructure works. Expansion of Gwadar Port then ceased thereafter owing to political instability in Pakistan following the fall of General Pervez Musharraf and subsequent conflict between the Pakistani state and Taliban militants. [319] The two countries also signed a memorandum of understanding to explore the possibility of setting up an aluminum smelter at a cost of $2 billion,[320] as well as establishing a urea processing facility in Chahbahar,[321] although these investments are also contingent upon Iran supplying low-cost natural gas for operation of those facilities.[322]. The Belt and Road Initiative combines two initiatives. It finally launched on 25 October 2020.
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