CPEC gold rush reaches K-P

[GlobalVillageSpace]

CPEC gold rush reaches K-P
Global Village Space |

The development of China-Pakistan Economic Corridor (CPEC) has brought an influx of Chinese investment directed towards infrastructure projects in Pakistan. The trade route will stretch from Gilgit-Baltistan all the way to Gwadar in Baluchistan. And despite the fuss it is causing between provincial and federal governments, CPEC is expected to bring massive economic development into Pakistan and increase it’s the geopolitical status in the region.

K-P government’s initiative

The Khyber-Pakhtunkhwa (K-P) Power and Energy Department has completed feasibility studies for five mega power projects which are forecasted to provide the province with 1,123 megawatts (MW) of power.

The projects will be constructed in Chitral and are expected to cost $6.92 billion.

A delegation from the provincial government, while attending a roadshow held in Beijing from April 17-19, had presented plans for building seven hydropower projects with a total capacity of 1,978MW as part of the China-Pakistan Economic Corridor (CPEC). Following the proposal, several Memorandums of Understanding (MOUs) were signed with various Chinese governments.

Read More: Will CPEC force China to trust Pakistani Politicians?

Reportedly, feasibility studies for five of the seven projects have been completed and are ready for execution and the cost-benefit analysis for the remaining two projects is underway and will be completed soon.

The projects will be constructed in Chitral and are expected to cost $6.92 billion.

900 Chinese companies had participated in the road show and 82 MoUs had been signed for 86 prepared projects in different sectors

It is yet to be decided how the costs will be divided between the Chinese companies and the K-P government even though the MoUs have been signed.

An official from the Khyber-Pakhtunkhwa (K-P) Power and Energy Department claimed that approximately 900 Chinese companies had participated in the road show and 82 MoUs had been signed for 86 prepared projects in different sectors. He added that one Chinese company had agreed to install solar panels to power 10,000 schools and 400 hospitals in K-P.

To better understand the technical aspects, a delegation of Chinese investors is expected to visit K-P in July this year.

KP’s previous CPEC troubles

The government had initially allocated 90% of funding for the early completion of the eastern route but the opposition parties did not agree with their proposal

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CPEC gold rush reaches K-P

 

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KPK government has taken the most effective advantage of CPEC. They were a bit late to the game... mostly due to the lack of proper dissemination about CPEC from the Fed government to the provinces.... But since then they have overtaken all other provinces.

Sindh is the worst because all they do is Bhutto worship sessions all day long..

KP has moved to putting all applications for CPEC investment through an online service ... with a 24hours services customer support! Weldone KP!..

CPEC is looking more and more like game changer for KP more so than the rest...

 

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http://kpezdmc.org.pk

KP CPEC economic zones website is very well done. A one stop Window for everything...

 

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PESHAWAR - In order to showcase the products of the province and promote its soft image worldwide, the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) will hold the second edition of two-day exhibition “Made in Khyber Pakhtunkhwa” in Islamabad.

Speaking at a news conference here at the chamber on Thursday, the KPCCI President Haji Mohammad Afzal informed that the exhibition would kick off from May 5 (Tomorrow), which aimed at showcasing handicrafts, diverse culture, and traditional foods, projects in various potential sectors and other specialties that are related to the province.

This two-day event would be held at Pak-China Friendship Centre in Islamabad. President Mamnoon Hussain will inaugurate it while Khyber Pakhtunkhwa Chief Minister Pervez Khattak would be the chief guest at the concluding ceremony. However, in the same breath, Afzal said that CM’s participation is yet to be confirmed.

The exhibition will feature on KP’s food items, handicrafts, industrial inputs and other products. It would help attract not only the residents of twin cities, adjacent localities but also foreign dignitaries and their families, Afzal said, adding that some 100 stalls would be setup which would include Peshawari chappal, sweets, Swati shawl and embroidery work.

Moreover, he said that this event would encourage investors from in and outside the country to invest in the province. He expressed the hope that a large number of business entrepreneurs, skilled persons and SMEs would participate in the scheduled two-day expo to convey a message across the globe that the KP is much safer and feasible for investment now.

Flanked by the KPCCI SVP Mohammad Iqbal, VP Abidullah Khan, Zulfiqar Ali Khan and Mohammad Ifitkhar Awan, he said that the expo would also build a soft image of the province across the globe.

He said the KPCCI was working on promoting art and culture of the province. The traders and business communities of this province had suffered a lot due to terrorism.

He, however, said that the situation was now improving with each passing day and that was a good sign.

As long as expenditures on the exhibition are concerned, he said that estimated cost is about Rs10 million, adding the KPCCI was organising this event from its own resources. He urged upon the KP government to extend financial support for making this event successful. He said that this two-day exhibition would have far reaching impacts.