Saturday, 18 October 2014
China agreed to invest $52 billion in Pakistan under Nawaz Government
Islamabad: China has agreed to invest around fifty two billion USD in major projects which include dams, motorways, fiber-links, garments city, natural resources, energy sector together with coal, construction of tunnels, economic corridor, Gwadar port, oil refinery, railway, and agriculture.
According to reports, Pakistan|West Pakistan|Asian country|Asian nation} and China are acting on many strategic comes to curb Pakistan’s deep energy crises for this purpose Pakistan needs to possess 8800 Mega watts of nuclear energy until 2030.
Estimated to be twenty two billion USD projects include Thar coal project in Sindh and hydro-electric projects in KPK.
Furthermore, Wallstreet Journal has reported that Islamic Republic of Pakistan is eyeing to acquire energy plants for electricity to be put in Punjab.
Pakistan is additionally operating with China to create its infrastructure as recently inaugurated Gwadar to Kashghar corridor can profit three billion people across the four provinces.
Per the set up, special economic zones with special tax exemptions are going to be built every two hundred miles. This 2,400 km long economic passageway will include Mansehra, Abbottabad, Islamabad, Mianwali, DG khan, Khuzdar and Turbat. This can additionally uplift the infrastructure in AJK and Gilgit baltistan.
The report aforesaid that China will also facilitate Islamic Republic of Pakistan setup new railway tracks.
Pakistan Railways has submitted a call for participation for funds to commission to organize a pre-feasibilty report of fitting railway tracks from national capital to Murree and Muree to Muzafarabad. This report are going to be ready by Pakistani and Chinese engineers. This 107 km long track are going to be built with fifty bridges over stunning lakes and tunnels across totally different mountains. By this project, five million commuters are going to be benefited annually.
Pakistan is additionally acting on Karachi-Lahore highway. This 1160 km long highway can connect karachi, Hyderabad, Dadu, Sukker, Rohri, Pannu Akhel, Ghotki, Obara, Raheem Yar Khan, Sadiqabad and Multan. This six lane road are going to be built over piece of ground composed of earth, mountains and plateaus. 3 bridges will also be made over river Sindh, Satlaj and Ravi.
These mega-projects along side many others will facilitate Islamic Republic of Pakistan a stable economy.
In order to execute these projects, senior Pakistani leadership by Nawaz Sharif has assured Chinese counterparts to boost law and order situation in country.
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