China - Pakistan Economic Corridor - CPEC
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Brigadier
19 Orange Train sets reach ....
19 out of the 27 train sets for Lahore Orange Line Metro Train have so far arrived in Pakistan while the remaining 8 will soon be shipped to Karachi from Shanghai port of .
11 train sets had reached Lahore, 9 of which had been parked in the depot and 2 in the stabling yard on while 8 more sets were being dispatched from Karachi to Lahore very soon.
More than 86 percent work of construction of depot at Dera Gujjran, spreading over 626 kanals, had been completed, he added. He said that 19 out of the 22 buildings being built at the depot had been handed over to CR-NORINCO, the Chinese contractor of the project, for carrying out electrical and mechanical works at the buildings which included Alkaline Battery & Air Compressor Building, Signal Building and Comprehensive Maintenance Centre.
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Brigadier
CDWP approved two roads with cost of RS 544.6 million, construction of - Mor - Kach - Harnai Road and construction of - Road at Rs 10.8 billion....
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Brigadier
Officials of conducting Interview at Job Fair Start Up by ......
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Brigadier
Gwadar is a deep water port located in . It is at the center of the $62 billion China, Pakistan Economic Corridor project.
Gwadar is slated to become a hub for the global trade and investment. WATCH this informative video on, what's going on in Gwadar.
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Brigadier
Indus Bridge: Indus River Bridge construction at CPEC Western Route 285 Km D I Khan - Motorway M-14. Bridge is under construction between and . It will reduced travelling time from 2 hours to 15 minutes...
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Brigadier
Khyber Pakhtunkhwa Schools to use Green and Free Energy....
KP Elementary and Secondary Education Department, Department for International Development (DFID), The Saudi Fund for Development (SFD) and UNOPS Country Office in Pakistan sign a pilot project aimed at Improving Quality of Learning through Provision of Sustainable Renewable Energy Solutions in Primary Schools in Southern Districts of Khyber Pakhtunkhwa Pakistan.
The project covers the Solarisation of 1959 Government Primary Schools of southern districts of KP worth 950 million PKR.
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Brigadier
is set to transform ’s economy....
The China-Pakistan Economic Corridor (#CPEC) is a hot topic these days.
A quick review of the documents shows that the CPEC seeds had been sown long ago. Beijing Declaration 2003 gives the first footprint of the concept. Pakistan’s former ambassador to China late Akram Zaki once told that the land corridor had been on the cards since the times of air corridor in the 1960s, and Silk Road was the first step toward it.
CPEC is a bigger initiative in nature and it will transform the economy of Pakistan and the same has been promised in Vision 2025. Therefore, it is necessary to dwell on linkages between Vision 2025 and CPEC. Comparative analysis shows the two have so many complementarities.
CPEC is a game changer in region
CPEC investments are related to infrastructure, energy, railways, optic fibre, agriculture, tourism as well as research and development. Energy and transport sectors are on the priority list along with Gwadar city and port. Vision 2025 identifies that every year Pakistan loses 4-6% of its GDP due to the energy crisis. This loss to GDP means decline in production base, exports, saving and investment, inflation and availability of employment.
Owing to the energy crisis, industries started relocating outside the country, which further contributed to non-availability of jobs and decline of exports. The declining exports are another area, which is now haunting the country. Trade deficit is increasing and negative impact on foreign reserves and balance of payment is evident. Vision 2025 outlined a plan and strategy for investment in different forms of energy like coal, hydro and renewable. Coal was cogitated as one of the most immediate source.
Despite the investments in coal sector, its share in the electricity mix would be minimum and benefits enormous. It will help overcome the chronic problem of load-shedding. Cheap and sustainable supply of electricity will enhance the competitiveness of the industry and boost exports and provision of jobs, especially for the youth. Apart from coal, a huge investment has made in renewable power sources like solar, wind and hydro, and Quaid-e-Azam Solar Park is already operational.
Vision 2025 also identifies infrastructure related to transport as one of the major impediment for rapid growth. Almost 7% of GDP is lost due to inefficient transport sector. Investment in infrastructure will enhance efficiency and regional connectivity. Regional connectivity will pave the way for trade and peace.
Railways share in transportation will also be increased from 4% to 20%. Through CPEC, investment is being made to upgrade roads, construction of new highways, motorways and creating linkages among existing roads.
Special Economic Zones (SEZs) under CPEC would be a way to achieve goals of Vision 2025. First and foremost would be the enhancement and sustainability of the production base of country. It will create jobs, as Pakistan needs 1.5 million jobs every year to accommodate and benefit from the youth bulge.