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China Pakistan Economic Corridor (CPEC) | Updates & Discussions

Planned Interchanges on Lahore - Abdul Hakeem section of PKM/KLM
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M2- PKM/KLM interchange near Ravi tool palaza Lahore

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Jarawala Road Interchange near Sharaqpur
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Nankana Sahib Interchange
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Jaranawala Interchange
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Samundri Interchange
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Rajana Interchange
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Pir Mahal Interchange
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PKM/KLM - M4 Interchange near Darkhana/Abdul Hakeem
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GovernorSindh‬ Dr. Ishrat Ul Ebad Khan inspected the progress on ‪M9‬ Karachi-Hyderabad Motorway.
DG FWO briefed GovernorSindh about the progress on M9 Motorway and ‪LyariExpressWay‬.



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Universities on western route of CPEC to start this year

ISLAMABAD: Planning, Development and Reform Minister Ahsan Iqbal has said that universities in Fata, Zhob, Gwadar and those located on western route of the China-Pakistan Economic Corridor (CPEC) will start functioning this year and produce quality human resource for the CPEC.

These institutes are part of the government’s efforts along with the focus on infrastructure development and energy production through the mega development programme.

He made the remarks at a seminar on the “China-Pakistan Economic Corridor; Opportunities and Challenges”, organised by Preston University at the National Library, where he was the chief guest.

Iqbal described the CPEC as a trans-regional project that would benefit three billion people of the region and through enhanced connectivity with other countries, it would play an instrumental role in integrating the whole region.

He dispelled the impression that the CPEC would benefit any single province and said this controversy was political and had no relevance with facts, adding there was a consensus among all parties on developing the corridor.

“CPEC would benefit the most backward areas of the country and this change can be seen in the emerging human settlements on sections of the western route from Quetta to Gwadar, which is scheduled to be completed by the end of this year.” He said the completion of western and central routes would bring a new era of development and prosperity in Balochistan.

Referring to energy projects, he said Sindh was the largest recipient of projects where $11.5 billion of the $35 billion worth of energy schemes were being implemented under the CPEC.

Iqbal said the CPEC was not a project restricted to the current government’s tenure but it was a 15-year venture expected to be completed by 2030. It would focus on infrastructure development, Gwadar seaport, energy and industrial cooperation.

Along with the CPEC, the Tapi gas pipeline and CASA-1,000 power import projects would redefine cooperation in western Asia.

Iqbal called on scholars and the academia to join hands with the government to tackle the challenges facing the CPEC in the optimal utilisation of its potential.

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1,320 MW Sahiwal Coal Power Project

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Initial Gwadar Free Zone

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`1,320 MW Port Qasim Coal Power Project

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1,320 MW Haveli Bahadur Shah RLNG Power Project

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GWADAR: A multi-million dollar port being developed by China in Pakistan is set to be at “full operation” by the end of the year, a Chinese official said Tuesday, part of Beijing’s ambitious economic plans in the region.

Gwadar port, on Pakistan’s southwest coast, will see roughly one million tonnes of cargo going through it by 2017, said Zhang Baozhong, chairman of the Chinese public company in charge of the development.

Current trade there is “basically nothing”, he told reporters on the sidelines of a seminar about the port’s development Tuesday.

“We hope a big jump will take place… Our dream is to make Gwadar a regional trading centre,” he said.

Gwadar, in Balochistan province, forms what officials call the “heart” of the China Pakistan Economic Corridor, a grand $46 billion project giving Beijing greater access to the Middle East, Africa and Europe through Pakistan.

The port was built in 2007 with technical help from Beijing as well as Chinese financial assistance of about $248 million.
 
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First cargo from China to reach Gwadar this year: Gen Raheel
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QUETTA: Army chief General Raheel Sharif said on Tuesday that the first cargo from China would reach Gwadar deep seaport this year.

“Insha Allah this year, we will move cargo from heartland China to Gwadar and beyond, fulfilling our dream,” he said while addressing a seminar on prospects of peace and development in Balochistan.

The seminar was organised by Turbat University, Devot Organisation and the commander Southern Command. Chief Minister Nawab Sanaullah Zehri, Commander Southern Command Lt Gen Aamir Riaz and a large number of people attended the seminar.

Gen Raheel said CPEC was a lifetime opportunity for Pakistan to improve the socio-economic equation of its underprivileged areas and populace. “I assure the people of Balochistan that it is they who will benefit the most from this project.”

Since the onset of CPEC, Balochistan has seen unprecedented development of communication infrastructure as army engineers were mobilised for construction while army and Frontier Corps units were used for security of the projects, he said.

“Over the past two years, 675kms of roads have already been constructed, while by the end of this year, a total of 870kms of road infrastructure will be completed by the Frontier Works Organisation (FWO).”

He said it was his belief that CPEC was poised to bring a true economic transformation to the province, and Gwadar was central to the broader conception of CPEC. ‘[However,] the corridor itself ranges from western China to the plains and coasts of Pakistan and promises to bring prosperity to the remotest areas of Pakistan from Gilgit-Baltistan to Balochistan,” he added.

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Gen Raheel said that while many world powers had appreciated the true potential of CPEC as a catalyst of economic transformation of the entire region, the project had also raised many eyebrows ‘by those competing for influence in the region’.

In an apparent reference to the arrest of Indian spy Kulbhushan Yadav from Balochistan last month, the army chief said India had openly challenged this initiative and its spy agency, the Research and Analysis Wing (RAW), was blatantly involved in destabilising Pakistan.

“We all know that hostile intelligence agencies are averse to this grand project. Let me make it clear that we will not allow anyone to create impediments and turbulence in any part of Pakistan. Therefore, it is important for all to leave behind confrontation and focus on cooperation,” he said.

The army chief vowed to ensure security of CPEC, adding that a 15,000-strong dedicated force was already in place under the ambit of a special security division.
 
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I got a big question that occured to me some time ago.

Has it been stated anywhere how much of the proposed 46 billion investment will come via direct greenfield FDI, opex FDI (brownfield) and how much as loans infused into Pakistan Banks etc (which is not technically FDI) etc. The latter method may account for why Pak FDI figures are still not increasing to the levels one would expect (according to UNCTAD + Pak Govt figures):

http://boi.gov.pk/foreigninvestmentinpakistan.aspx
 
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I got a big question that occured to me some time ago.

Has it been stated anywhere how much of the proposed 46 billion investment will come via direct greenfield FDI, opex FDI (brownfield) and how much as loans infused into Pakistan Banks etc (which is not technically FDI) etc. The latter method may account for why Pak FDI figures are still not increasing to the levels one would expect (according to UNCTAD + Pak Govt figures):

http://boi.gov.pk/foreigninvestmentinpakistan.aspx
Could you explain in simple language please? Totally went over my head.
 
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Could you explain in simple language please? Totally went over my head.

Well its the same reason ODA (development aid) does not register as FDI.

Greenfield FDI has to be injected as joint venture, or starting a full blown investment individually etc.

Brownfield FDI occurs later (you bring in money to continue operations + buy more shares/stocks, its not creating any new physical stuff).

But money can also be "invested" through other means i.e you can create a loan instrument/plan or inject money directly into local banks (to fund their own loans). These dont count as FDI, for same reason the JICA loan to India for bullet train does not count as FDI. It ends up registering as internal investment.

So I'm just wondering which of the routes (FDI, loan, ODA, grants), CPEC is more designed around if anyone knows.
 
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Well its the same reason ODA (development aid) does not register as FDI.

Greenfield FDI has to be injected as joint venture, or starting a full blown investment individually etc.

Brownfield FDI occurs later (you bring in money to continue operations + buy more shares/stocks, its not creating any new physical stuff).

But money can also be "invested" through other means i.e you can create a loan instrument/plan or inject money directly into local banks (to fund their own loans). These dont count as FDI, for same reason the JICA loan to India for bullet train does not count as FDI. It ends up registering as internal investment.

So I'm just wondering which of the routes (FDI, loan, ODA, grants), CPEC is more designed around if anyone knows.
Thanks Dude.

So in this case must be mostly 1 ( I'm guessing) and maybe some 3s.

I had some more questions for you but Drat! Looks like you're pinked out again! What do you do bro? :hitwall:
 
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AsSalam Alaikum... to Everyone.... i'm posting updates from 15th March 2016


A 20-member delegation of Chinese investors and businessmen led by Secretary Communist Party of China Xijiang province, Huang Zhigang met Punjab Chief Minister Muhammad Shehbaz Sharif, here today.

Matters regarding promotion of trade, economic and business relations between #China and Pakistan especially Punjab were discussed in the meeting.

The Chinese investors expressed interest in investment in the project of setting up industrial park in Punjab. The Chief Minister said that Pak-China friendship has turned into useful economic cooperation between the two countries. He said that China has supported Pakistan in every hour of need.

He said that CPEC is a precious gift of Chinese President, Prime Minister and government for Pakistan and Pakistani nation can never forget this historic gift. He said that CPEC project are guarantee to progress and prosperity of Pakistan.

Mian Shahbaz Sharif welcomed the interest shown by Chinese companies in investment in industrial park project and assured that all out facilities will be provided to Chinese investors. He said that the holding of Pak-China Business Forum has strengthened trade and business relations between the two countries.

Secretary Communist Party of China Huang Zhigang said that China is proud of its friendship with Pakistan and economic and trade relations with Punjab will be further strengthened. He said that CPEC projects reflect the increasing economic cooperation between the two countries. He said that Punjab government led by Chief Minister Shahbaz Sharif is providing all out facilities to Chinese investors.

Provincial Ministers Rana Mashhood Ahmad, Ayesha Ghaus Pasha, Khawaja Ahmad Ahsaan, President Bank of Punjab, concerned secretaries and senior officers were also present on the occasion.


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CM Punjab Addressed certificate distribution ceremony at UET Lahore. First batch of engineers have been trained to work on Sahiwal Coal Power Plant...

CM Said I would like to appreciate UET for assuming leadership position in strengthening the CPEC by collaborating with the Chinese Energy Companies.

It is important that our universities provide academic foundation to the China-Pakistan bilateral relations in general & CPEC in particular.

Universities esp. institutes of engineering & technology must design their modules & courses by linking them to the demand side of the #CPEC.



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Gwadar port to be operational by year end: Chinese official

GWADAR: The multi-million dollar Gwadar port is set to be at "full operation" by the end of the year, a Chinese official said Tuesday, part of Beijing's ambitious economic plans in the region.

Gwadar port will see roughly one million tonnes of cargo going through it by 2017, said Zhang Baozhong, chairman of the company in charge of development, the China Overseas Ports Holding Company.

Current trade there is "basically nothing", he told reporters on the sidelines of a seminar about the port's development Tuesday.

"We hope a big jump will take place... Our dream is to make Gwadar a regional trading centre," he said.

Gwadar forms what officials call the "heart" of the China Pakistan Economic Corridor, a grand $46 billion project giving Beijing greater access to the Middle East, Africa and Europe through Pakistan.

The port was built in 2007 with technical help from Beijing as well as Chinese financial assistance of about $248 million.

Zhang said the tonnage will initially comprise "quite a number" of construction materials for the city's development, which Pakistani officials envision turning into another Dubai.

Exports will at first focus on the local fishing industry, he said, with a modern processing plant planned for the area, though he would not give a timeline for the plant.

"We shall try to process it here... So that the locals can benefit," he told reporters after the seminar.

Desperately poor Balochistan has been roiled since 2004 by a separatist insurgency aimed at seeking greater control over the province's resources.

Locals have accused the Chinese of conspiring with the elite to plunder the province while doing little to share profits and create jobs for residents.


COAS Addressed & assured in Balochistan!


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