China's overland Silk Road and Maritime Silk Road Thread
- Thread starter SampanViking
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Dry Port: ECNEC approved construction of New Dry Port / Cargo Handling Facility at Havelian (Baldher), district Haripur at a cost of Rs10.6 Billion.ECNEC also considered and approved proposal for Preliminary Design Study of up gradation / rehabilitation of Main Line (ML-I)
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- Western Route:ECNEC approved a 4 Lane Expressway Yarik–Sagu–Zhob, including Zhob Bypass (210 km) at a total cost of Rs 76.5 billion. The project envisages construction of 210 km four-lane controlled access highway starting from Yarik on N-55 to Zhob on N-50 via Sagu, Daraban, Mughal Kot, Manikhuwa as part of the western route of the China-Pakistan Economic Corridor (CPEC).
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G...
KARACHI:
Ghandhara Nissan Limited (GHNL) has signed a joint venture agreement with JAC Motors for the import, assembly, and distribution of X200 light trucks in Pakistan.
The company informed the Pakistan Stock Exchange (PSX) through a notice on Friday in which it attached its already published advertisements in newspapers.
JAC Motors is a Chinese automaker with over 50 years of experience in manufacturing various kinds of vehicles. It claims to be in the top 10 players in the Chinese auto industry.
GHNL’s stock price hit the upper limit after the announcement; the stock opened at Rs262.10 and ended the day at Rs274.59 for an increase of Rs12.49. The share did well on a day when the KSE-100 Index was down 0.78%.
X200 light trucks are a dual rear-wheel variant with a 2.8L engine, available in Euro I, II, III and IV specifications. Its 2.0L variant has a Euro V engine. This will compete with Dewan Farooq’s popular Shehzore 1-ton single rear-wheel truck and Shehzore 1-ton dual rear-wheel truck.
Last year, Dewan Farooque Motors Limited (DFML) announced to resume the production of 2.6L Shehzore after entering into a toll manufacturing agreement with Daehan-Dewan Motor Company Private Limited, which is a joint venture between Dewan Yousuf Companies and the Kolao Group based in Laos and South Korea.
DFML also intends to introduce 1.5-ton Shehzore truck and a 1,600cc engine capacity sport utility vehicle (SUV) in collaboration with Ssangyong China in 2017. It also plans to launch passenger cars, light commercial vehicles and SUVs in collaboration with Kia Motors, Korea over the next three years.
Meanwhile, GHNL has a technical assistance agreement with Nissan Motor Co, Japan and Joint Venture Agreement with Nissan Diesel Co, Japan for the progressive assembly of passenger cars, light commercial vehicles and heavy duty vehicles. The company’s car and truck plants are located at Port Qasim, Karachi.
After years of stagnant economic activity and poor automobile sales, Pakistan is witnessing huge demand in heavy vehicles due to the China-Pakistan Economic Corridor (CPEC), macroeconomic stability and relative improvement in the country’s security situation.
Auto industry officials say the demand of cars and other vehicles is expected to grow in coming years due to which a number of international auto makers have expressed interest in establishing their manufacturing plants in Pakistan.
France’s Renault and South Korea’s Hyundai and Kia have also announced to start assemblies in Pakistan, in partnership with local companies. This will mark a return for Kia and Hyundai, which left in the previous decade when their local partner suffered financial problems.
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- Quetta Mass Transit Train feasibility finalized
The Chinese delegation, working on Quetta Mass Transit Train Project, called on Chief Minister Nawab Sanaullah Zehri and briefed him about the progress so far made on the project.
The delegation comprising China Harbour Engineering Company office-bearers was headed by its Chief Executive Wang Xiaoping.
The Chinese government had geared up to bear funds for this pivotal project which was part of the China-Pakistan Economic Corridor (CPEC), and final touches will be given to this project during Premier’s visit in May to China.
Wang Xiaoping said it was because of Balochistan government’s cooperation with the working Chinese company that it made rapid progress on Quetta Mass Transit Train Project as compared to Peshawar and Karachi Circular railways projects.