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Brigadier
Work on Swat motorway is under process on different sites....
China - Pakistan Economic Corridor - CPEC
- Thread starter timepass
- Start date
Work on Swat motorway is under process on different sites....
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Brigadier
$1.4b KPT container terminal ....
Now formally operational, it is the most advanced Deep Water Container Terminal in the region at the Karachi Port Trust (KPT) on Friday.
The high-tech terminal was built at a cost of $1.4 billion
“The Deep Water Container Terminal has made a major hub for regional countries,” he said, adding that the port would also connect Pakistan to the rest of the world.
The port had successfully handled four of world’s largest containerships during test operations on December 9, 2016.
It is capable of handling mother vessels having a loaded capacity of up to 18,000 20-foot containers, terminal officials reported earlier.
The port has a capacity of handling 3.1 million TEUs (Twenty Feet Equivalent Unit) per annum, higher than the previous capacity of all container terminals in the country of 2.5 million TEUs.
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Brigadier
- The new Dubai?
The China-Pakistan Economic Corridor (CPEC) is advancing rapidly with energy and infrastructure projects all set in full flow. Gwadar, the hub of CPEC, will not only connect China to the Gulf markets, but will provide an avenue for other countries in Central Asia as a trade route to the Gulf and African markets. There are huge advantages which the Gwadar port possesses over the Gulf ports, including less fuel consumption, high trade activity, access to Chinese products and most of all, reduces the leverage of the Gulf States over Pakistan.
Gwadar: The new Dubai?
Gwadar Port, as a part of China-Pakistan Economic Corridor (CPEC), has become a centre of gravity for future’s economic scenario of this region. Albeit whole world is eyeing Gwadar but South Asian countries and Gulf States are keener about its developing potential due to their closer proximity to this port. Many analysts believe that this small fishing town has potential of becoming new Dubai after decades.
Gwadar port is being linked with China, Russia, Central Asian Republics and many other countries via huge infrastructure of railways, roads and other facilities under the Chinese initiative of ‘One Belt One Road’.
How this $62 billion joint venture of China and Pakistan is going to affect oil rich Gulf States -sometimes referred as petro states- is summarized here:
Fall in Fuel Consumption:
CPEC will provide short land route as an alternative to long circular and spiral sea route from Gulf of Oman to China’s main land and similarly to Central Asian Republics. That short route will not only save time but also mitigate the fuel consumption. Less fuel usage will cause less demand for fuel, so oil market may suffer a blow.
Alternative port to Gulf Ports:
After getting fully operational, Gwadar port will provide a good alternative for ships to dock here rather than docking at Port Rashid or Jabel Ali Port of Dubai. Marine Traffic will be slightly affected because Gwadar would be garnering its share.
Another International City:
Due to huge trade activities, Gwadar would join the ranks of leading International cities of Asia just like Singapore and Dubai. Singapore is far off but Dubai is not so far from Gwadar. A new international city near Dubai will attract business tycoons to this new destination.
Less leverage of Gulf States over Pakistan:
Historically, Pakistan remained heavily dependent on Gulf Nations because of its crumbling economy. CPEC would be a boost to Pakistan’s economy. If Pakistan will no longer remain dependent on financial aids from Saudi Arabia and United Arab Emirates (UAE), then these countries will lose leverage over Pakistan.
Massive Trade Activities in vicinity:
At present, huge trade activities are at ports of UAE. China has become export giant. Its products are reliable, cheap, and are liked all over the globe. When Chinese products would start landing in ships at Gwadar Port, there will be massive trade activity here. A large number of international firms will rush towards Gwadar to get fitted here for their financial prospects.
Effect on Tourism:
Tourists from all over the world are attracted towards Dubai. In fact, Dubai’s economy receives huge chunk of money from its tourism industry. Saudis have also started developing tourist attractions. If Pakistan succeeds in maintaining security, then Gwadar may dwarf other tourist attractions found nearby, because Pakistan is full of natural scenarios and historic places.
Quick access to Chinese Products:
Gwadar will provide many benefits to Gulf also. Gulf nations import a lot of Chinese products. Via Gwadar, they will get delivery of Chinese products in short span of time.
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Brigadier
1152 Km Karachi-Lahore Motorway.....
230 km (M-3) Lahore-Abdul Hakeem section is about to complete and would be inaugurated soon.... Section - - ...
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Brigadier
Chairman National Highway Authority (NHA) Shahid Ashraf Tarar announced the inclusion of three more highways under CPEC. The authorities are making the most out of by encouraging developments in profit generating regions of Pakistan. The three additional highways will serve as part of major trade routes, adding to infrastructure development of Pakistan.
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Brigadier
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Brigadier
For the development of Highways, National Highway Authority has released more than 26 billion rupees.
The government has allocated funds worth Rs. 24.7 billion for the National Highway Authority Development Programs in the current financial year.
According to the data released by the Planning Commission, the government has allocated:
- 6.5 Billion for the construction of N-5.
- 1 Billion for the construction of Faisalabad - Khanewal expressway.
- 2.7 Billion for the construction of Yukmuch - Khahran road.
- 1.6 Billion for the construction of on 2 sections of Chitral Highway.
Under CPEC..
- 3.4 billion for the construction of D.I.Khan motorway.
- 70 millio for the construction of Kot Paddy Das Interchange.
- 1.5 Billion for the construction Liya - Tunsa bridge.
- 14.25 Billion for the construction of Lahore - Sailkot Motorway.
- 2.5 Billion for the construction Indus highway to make 2 lane highway.
- 5.9 Billion for the constrcution of Jagoot - Skardu Highway.
- 7.9 Billion for the construction of Lahore Eastern Bay Pass.
- 4.5 Billion for the construction of Lahore - Abdul Hakim section
- 4.1 Billion for construction of link roads to Loari tunnel.
- 5 Billion for the construction of Tukar Niaz bag road plus for various development projects.
timepass
Brigadier
With CPEC coridor the Transit trade time will reduce to 1 week from 5-week.
China should use its technology and experiences in Pakistan, with Gwadar Port and Economic Transit coridor China's economy Will benefit $ 22 billion. Because they have reduced trade distance significantly, the visas process should be very simple and easy between the two countries.
Irfan Yusuf discussed the complaints of Pakistani business community complaints about the import of Chinese companies, on the occasion of meeting with the heads of Chinese companies. He further added that the two countries should exchange a dialogue to promote bilateral trade. Yes, there are 9 new special economic zones in Pakistan, which will be income tax free for 10 years and the plant and machinery are also free of charge.
He said that China should use its technology and experiences to use it in Pakistan and further investments. He further said that relations between the two countries are very good and have been trading together for a long time. Countries need to be closer to each other and need to increase the volume of trade volume. He said that Pakistan's role in the One-belt One-Road Project is very important, both countries want economic development.
