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- China State Construction Engineering Corporation building parts of the wider - in to Improve Central Asia-Pakistan Connectivity.
China's overland Silk Road and Maritime Silk Road Thread
- Thread starter SampanViking
- Start date
- China State Construction Engineering Corporation building parts of the wider - in to Improve Central Asia-Pakistan Connectivity.
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is a multi-purpose gravity dam in Agency of Federally Administered Tribal Areas, . The dam impounds the Gomal River, a tributary of the Indus River, at Khjori Kach, where the Gomal River passes through a narrow ravine.
The purpose of the dam is irrigation, flood control and hydroelectric power generation. Construction of the dam began in August 2001 and was completed in April 2011. The powerhouse was completed in March 2013 and electricity production started in August 2013. The dam was officially inaugurated on 12 September 2013.
(Not a part of CPEC)
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ALHAJ Hyundai (pvt) limited launched Hyundai Bus in Pakistan in May 2017 at and will be will be locally Assembled..
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Under Construction 1223 MW Balloki Power Plant Aerial View...
The Power Plant is a 1,223 MW natural gas power plant currently under construction near , Pakistan.
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A Chinese company has got initial approval for setting up a 300-megawatt imported coal-based power plant in Gwadar, which is part of the $57 billion China-Pakistan Economic Corridor (CPEC) comprising scores of energy and infrastructure projects.
The Private Power and Infrastructure Board (PPIB) has issued a Letter of Interest to China Communications Construction Company (CCCC) for developing the power project in the port city of .
In this regard, PPIB Managing Director Shah Jahan Mirza and CCCC Vice President Xu Jun signed a document.
Now, the company will seek tariff approval from the National Electric Power Regulatory Authority (Nepra) and start construction work after achieving financial close. CPEC’s Joint Cooperation Committee and the PPIB board have already approved the power project for further processing.
Gwadar is blessed with a warm-water, deep-sea port situated on the Arabian Sea. The port features prominently in the CPEC framework and is considered a crucial link between the ambitious One Belt, One Road and Maritime Silk Road projects. Economic activities foreseen at Gwadar in the near future will require a reliable power supply.
With the addition of 300MW Gwadar project, the number of power generation projects being processed by the PPIB has increased to nine coal-based projects of 8,220MW and three hydroelectric power projects of 2,714MW under CPEC.
Among CPEC projects, Prime Minister Nawaz Sharif last week inaugurated the first unit (660MW) of the 1,320MW coal-fired power project in Sahiwal. Its second unit of the same 660MW is expected to come on stream by the end of December this year.
PPIB works as a leading institution of the government for bringing additional electricity generating capacity in order to improve the energy mix through a blend of imported and domestic fuel/resources for the upcoming independent power plants (IPPs).
A number of hydel and local coal-based power projects are at different stages of development to cater to electricity needs of the country over the long run, while imported coal-based projects are being processed as a reliable base load solution.
The government has repeatedly pledged that it will end load-shedding next year with the addition of 10,000MW power projects and more later.
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1223 MW Balloki Power Plant....9HA Gas Turbine being installed at the Plant.. The Power Plant is a 1,223 MW natural gas power plant currently under construction near , Pakistan.
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Pakistan: The Next Asian Tiger?
Pakistan’s new “emerging market” status is a sign of investor confidence in the country.
By Ahmad Rashid Malik
May 31, 2017
Pakistan is on track. Against the backdrop of its long fight against terrorism over the past 15 years, Pakistan has achieved an economic milestone — gaining the status of an “emerging market” in MSCI’s latest review. MSCI will add Pakistan to the Emerging Market Index effective May 31, at the market close, with a weight of just 0.2 percent. global funds to come pouring into Pakistan’s stock markets as a result.
The emerging market status is something unusual, as it was achieved in a crisis-ridden situation rather than under sustained political stability. Pakistan’s stock market has made history, giving a thrilling lesson to global investors and businesspeople who are wondering why money is flowing into this country despite upheaval, lack of stability, and other negative factors. Indeed, economic growth is stabilizing Pakistan’s political atmosphere in Karachi, Balochistan, and the Federally Administered Tribal Areas (FATA).
The upgrade puts Pakistan in good company. Other members of MSCI’s Emerging Markets Asia Index include China, India, Indonesia, Malaysia, the Philippines, South Korea, Taiwan, and Thailand. This shift will attract foreign investment into Pakistan. The chief reason behind Pakistan’s emerging status is China-funded loans and investments made under the umbrella of China-Pakistan Economic Corridor (CPEC), with Pakistan following pattern of Argentina and Vietnam.
CPEC, as the flagship of China’s Belt and Road project, helped rapidly convert Pakistan into an Asian “emerging market.” The settling of the balance of payments also helped Pakistan to achieve this status. According to Finance Minister Mohammad Ishaq Dar in his budget speech on May 26, Pakistan would become an “emerging market” effective June 1 on the basis of the performance of the Karachi Stock Market (KSE100), which emerged as the most profitable market in Asia last year.
Pakistan’s re-entry into the emerging market block after nine years was made possible by the country’s improving liquidity and growth. Pakistan lost this position in late 2008, following a period of market turmoil that halted trading for months in Karachi. Pakistan is the first country to get the frontier-to-emerging market promotion after Qatar and the United Arab Emirates several years ago.
This is Pakistan’s first step toward becoming an “Asian Tiger” and it was achieved with amazing speed, thanks to CPEC-driven optimism. The upgrade will likely lure a wider class of investors, thereby injecting huge amounts of money into the country. The outclass performances of Pakistan’s banking, energy, cement, oil and gas, and fertilizer sectors added to this performance and brought Pakistan into the limelight of stock markets around the world. Global X MSCI Pakistan ETF quadrupled in value last year, reaching US$48 million. In 2016, Pakistan’s KSE100 was the top-performing market in Asia, with 46 percent growth.
Other Asian giants like Japan, South Korea, Singapore, Thailand, and Malaysia have long resisted investing in Pakistan’s markets.Now the performance of the KSE100 has outclassed the rest of Asia and Pakistan has become an emerging market. If these countries continue to ignore the Pakistani market, it will clearly be for political reasons rather than market-driven sentiments.
Foreign direct investment (FDI) in Pakistan did not go beyond $1.7 billion in 2017. The performance of U.S. companies in Pakistan was outstanding but they invested less than in 2016. It was the same story for British, German, and Swiss companies as well as companies from the UAE and Saudi Arabia. Japan was a reluctant investor and has adopted a strong “wait and see” stance for over a decade, as has South Korea. Companies from Hong Kong did not follow in the footprints of China and also invested less in Pakistan, causing Prime Minister Nawaz Sharif to recently urge Hong Kong companies to invest more under CPEC. On the other hand, China has undertaken massive investments after 2011. The “emerging market” status would change this ongoing trend and attract more FDI.
Japan, South Korea, and other East Asian investors in particular need to overhaul their basic investment strategy toward Pakistan and reap the benefits. The market is offering lucrative benefits. The KSE100’s outperformance is likely to continue given Pakistan’s GDP growth, falling poverty, and burgeoning middle class. GDP growth has hit an all time high of 5.2 percent in the past decade.
Yes, isolated terrorist incidents will continue to have small-scale effects on the economic management, but they will not be major impact factors. Plus, unlike many East Asian economies, Pakistan’s market is virtually free of the impact of North Korean provocations. East Asian investors need to take these factors into account while investing in Pakistan as new frontiers are emerging under CPEC.
The prudent macro-economic management and fiscal discipline of the present government over the past four years and its CPEC-driven enthusiasm have led Pakistan to achieve its goal of regaining emerging market status. Pakistan must continue to strive to improve corporate governance to better its chances of becoming an Asian tiger. Efforts should be made at the bilateral and multilateral level to convince investors from East Asia, Europe, North America, and Oceania to investment in Pakistan.
Dr. Ahmad Rashid Malik is Director of the China-Pakistan Study Center at the Institute of Strategic Studies Islamabad. He writes on East Asian affairs.
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Don't forget $100 billion deal at One Belt Road showcase at China and Russian idea of Pakistan being central point of "integration of cultures" because of its strategic location and being "gateway" of the world.
Pakistan truly is realizing her true potential and this state will soon be calling shots in international political arena where economy will be everything.