Economic corridor: Pakistan, China review progress on projects

Discussion in 'Pakistan' started by Neo, Jul 9, 2014.

  1. Neo

    Neo Senior Member Senior Member

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    Economic corridor: Pakistan, China review progress on projects

    ISLAMABAD:-As part of their three-day visit to China, Federal Minister of Planning, Development and Reform Ahsan Iqbal and Punjab Chief Minister Shahbaz Sharif held several meetings to discuss the progress on energy and infrastructure projects of the China-Pakistan Economic Corridor.

    The high-powered delegation met with several leading financial institutions. Iqbal said the meetings helped in developing a roadmap for faster execution of economic corridor projects, particularly with reference to the mode of financing.

    Almost all the groundwork including land acquisition, policy interventions and other necessary arrangements have been finalised. This will make the investment environment all the more conducive for execution of Early Harvest Projects.
    “The projects in the energy sector will help Pakistan overcome shortages and boost economic growth whereas infrastructure and transportation projects will improve connectivity and give a boost to trade between the two countries,” said Iqbal.
    “Gwadar is the gateway to the economic corridor and it will be developed into a modern port city,” he said.

    He announced that a meeting of the Joint Coordination Committee overseeing the economic corridor would be held in Pakistan by the end of August. The delegation also discussed the agenda for the meeting.

    Punjab Chief Minister Shahbaz Sharif also held meetings with the heads of the Chinese corporate sector and emphasised the need for timely execution, quality control, transfer of technology, localising production, joint collaboration, personnel training and community social welfare in projects.
    The delegation included Minister of State for Foreign Affairs Tariq Fatemi, Secretary Water and Power Nargis Sethi, Secretary Planning, Development and Reform Hassan Nawaz Tarar and others.

    They met with the Chinese National Development and Reform Commission, the China Development Bank, the Industrial and Commercial Bank of China, the Exim Bank, the National Energy Administration and heads of Chinese corporate sector.

    Published in The Express Tribune, July 9th, 2014

    http://tribune.com.pk/story/732919/economic-corridor-pakistan-china-review-progress-on-projects/
     
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  3. मुल्लों का काल

    मुल्लों का काल Regular Member

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  4. Neo

    Neo Senior Member Senior Member

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    ISLAMABAD: Prime Minister Nawaz Sharif on Friday reviewed progress on projects included in the Pak-China Economic Corridor (PCEC) and called for their timely completion.

    A meeting presided over by the prime minister was informed that Pakistan and China had formulated a ‘timeline matrix’ for each project to be completed under the PCEC.

    Punjab Chief Minister Shahbaz Sharif and federal Minister for Planning and Development Ahsan Iqbal briefed the prime minister after their return from China where they had discussed implementation of corridor projects with Chinese authorities.

    Also read: Progress on energy, CPEC reviewed

    Shahbaz Sharif said that Chinese collaboration in development projects was a catalyst in expediting the process of development in the country.

    Mr Iqbal said all-out efforts would be made to complete the projects within a span of three years.

    The projects include 660MW Port Qasim power plant, 1260MW coal-fired power plant in Sahiwal, 250MW wind power project in Gharo and 660MW coal-fired project in Thar.

    While discussing the Gadani power project, the prime minister issued directives for expediting work on jetty at Gadani on a priority basis.

    “These projects will end loadshedding and bring emergence of new industries. China is an earnest trading partner of Pakistan and her cooperation would yield economic benefits in the country,” he said.

    Published in Dawn, July 12th, 2014

    Pakistan, China formulate ‘timeline matrix’ for ‘corridor’ projects - Pakistan - DAWN.COM
     
  5. Blackwater

    Blackwater Veteran Member Veteran Member

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    Hope they don't end up and stop like Chinese railway engine
     

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