[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text]A tripartite agreement was signed on 6th July 2020 between the governments of Pakistan and China and a Chinese company for the construction of a 1,124 Megawatt (MW) hydropower project in Kohala worth $2.4 billion. Prime Minister Imran Khan, Chinese Ambassador in Pakistan Yao Jing; Azad Jammu and Kashmir Read more…
[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text]In the Second Phase of New Gwadar International Airport (NGIA), the pace of developmental works has taken up. The first phase of NGIA included soil compaction testing, leveling off the ground; land boundaries, design details; and the construction of walls at adjacent properties. NGIA is under construction over Read more…
[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text]n The Central Development Working Party (CDWP) has approved $ 7.2 billion for the dualization and up-gradation of the 1872km long ML-1 Railway track between Peshawar and Karachi under the Second Phase of CPEC, Asim Saleem Bajwa (Chairman CPEC Authority) stated. nn CDWP has referred a $7.2 billion Read more…
[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text]Pakistan seeks to set up an oil refinery in its deep-water port of Gwadar with a $10 billion Saudi funding to reduce petroleum product imports. A developed oil-city will potentially reduce the country’s $16 billion petroleum import bill if it imports cheaper crude oil to refine instead of Read more…
[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text]n CPEC is a project that falls under Chinese President Xi Jinping’s Belt and Road Initiative (BRI). BRI seeks to revive the ancient Silk Route through an infrastructural network that will span more than 60 countries. CPEC can roughly be divided into four categories i.e. Gwadar Port, Power Read more…