China - Pakistan Economic Corridor - CPEC

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Motorway M-5 Under Construction Pictures of Section 2.

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Due to CPEC, local information and technology of Pakistan is expected to increase the size to masses several times.

China and Pakistan for the proposed GSM coverage in the ongoing schemes under the CPEC, including the International Connectivity of Voice / Data Traffic (SCO) and Qarakrum Highway as well as Gwadar-Kashgar Economic Gateway in Gilgit-Baltistan, Cross border and FC system are included.

CPEC is a trade agreement with China, which is setting up roads, ports, dams, and the development of the relations between the cities and services, and the need for urgent economic growth.

He said that CPEC is a key part of the Built & Road Initiative (BRI) Project, that has invested $ 62 billion. Which will also benefit the local information technology industry.

Pakistan itself has a large market of mobile and fixed phone based products, which is ready to modernize its technology with modernization and its volume is 71%, which is growing every month.

Government is making all resources available to increase the exports of the information technology sector and giving attractive concessions to promote the IT industry, in which the various types of tax exemptions..

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Plan to enable to use sea water to Gwadar under CPEC has started.

Gwadar residents will be provided daily to 2.5 lakh gallons of drinking water from this project.

With this project, drinking water problem will be solved for Gwadar residents..

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The contract for partnership between Fertilizer Company FFC and Hub Power Company Limited will be set up by 330 megawatts of coal power plant.

The event was signed by the stakeholders' agreements between FFC, Hub Power Power and Chinese government company China Machinery Engineer Corporation.

The power projects which will be made under CP will be made especially for the thermal power line which will extract coal from the third block and it will get 8% of the hub. Lt Gen (R) Ashfaq Ahmed, Chief of FFC Chief Executive and MD, said that the FFCs would be 30% in the project while Chinese machinery engineer Corporation would own 10 percent of the shares.

60% of the remaining shares will be held with Power Limited. CEO Hub Khalid Mansoor said that coal mines in Thar would prove to be a game changer regarding energy in the country. "Due to strong financial sponsors, the project will be completed within the expected expenses and time," said Slamullah Memon, Chief Executive Officer of Thar Energy Limited.

The project is expected to be held in June 2018, while the work on the project has already been started and electricity production on commercial basis will begin by 2020.

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