Infrastructure Development in Pakistan

[ghazi52]

ADB to provide $2.1 billion funds to support Pakistan's reform and development programs

July 08, 2019

Asian Development Bank plans to provide 2.1 billion dollars out of 3.4 billion dollar funds to support Pakistan's reform and development programs during the current fiscal year.

This was stated by ADB Country Director Ms. Xiaohong Yang while addressing a function titled 'Consultation Pakistan: Country Partnership Strategy 2020-2024' in Islamabad today.

She said ADB stands ready to assist Pakistan achieve higher, sustained and inclusive growth.

Ms. Xiaohong Yang said we are open for new ideas and adopt innovative approaches to fast track, scale-up and deepen our assistance in priority sectors.

Speaking on the occasion, Secretary Economic Affairs Division Noor Ahmed said new ADB Pakistan partnership strategy should focus on coordinated and integrated efforts to address key development challenges and spur economic growth.

 

[ghazi52]

The European Union has decided to start a project to promote small and medium-sized businesses in Sindh and Balochistan, by investing $54 million dollars.

The International Trade Centre Pakistan (ITCP) will start a five-year program for poverty alleviation with funding from the European Union

 

[Chakar The Great]

World class infrastructure being established. M5 nearing completion. Part of CPEC.

CPEC -Construction of Hub Power Plant

 

[AZADPAKISTAN2009]

The first thing which need to happen is


a) Nation needs to accept the universal needs of a Clean Neighborhood , Clean City , Clean homes
b) We need waste Management Processing Industrial Units and Clean water Desalination plants

Every thing else can be planned

 

[ghazi52]

DG Khan Cement Company at Hub , BALOCHISTAN

 

[POTTER]

 

[Chakar The Great]

 

[BATMAN]

Too close to the road.... poor planning.

 

[ghazi52]

Lowari Tunnel

 

[ghazi52]

Zong becomes the first operator to successfully test 5G in Pakistan

 

[ghazi52]

M- 5 checking weight of moving vehicle?

 

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[ghazi52]

Work on 27 new CPEC projects may begin this year, says Chinese CG

“There will be 27 new projects in the second phase of the China-Pakistan Economic Corridor (CPEC),” said Consul General of China Wang Yu during a dialogue on the subject organised by the #Karachi Council on Foreign Relations (KCFR)

He said that following the signing of the memorandum of understanding between China and Pakistan for the second phase of CPEC earlier this year, work on these 27 new projects was expected to begin by the end of the year.

“Agriculture, education, vocational training, industry, increase in water supply, etc, are all part of our plans for the next phase,” he added

 

[ghazi52]

Government To Establish a Mobile Phone Plant in Haripur

The government is ready to establish a mobile phone manufacturing plant in Haripur in collaboration with the private sector, dropping the idea of privatizing the Telephone Industry of Pakistan (TIP).

Addressing a press conference Federal Minister for Information Technology and Telecommunication (MoITT), Dr. Khalid Maqbool Siddiqui, said that the government has dropped TIP from the privatization list. He said that talks are underway with different Chinese companies for establishing a mobile handset manufacturing plant

 

[ghazi52]

ISLAMABAD: Pakistan and China have agreed to fast-track the pace of industrial cooperation under the China-Pakistan Economic Corridor (CPEC) by utilising Chinese experience to ensure speedy development of special economic zones (SEZs) in the country.

The decision was taken at a meeting of the Board of Investment which was jointly chaired by BoI Secretary Omer Rasul and Chinese National Development and Reform Commission (NDRC) Deputy Director-General Gao Jian. The meeting was attended by officials from BoI and NDRC.

Rasul briefed the NDRC delegation regarding the steps taken by Pakistan to ensure early implementation of industrial cooperation. He informed the meeting that under the first phase of CPEC, various energy and infrastructure projects have begun commercial operations adding that the second phase will focus on industrial cooperation as envisioned.

He told the meeting that Rashakai SEZ in Khyber Pakhtunkhwa will be launched in September, whereas two more SEZs including China Special Economic Zone, Dhabeji and Allama Iqbal Industrial City (M3), Faisalabad would follow similar pattern of development. Moreover, the government has alerted all the relevant ministries and sufficient funds have already been allocated to start provision of utilities at the SEZs, he said.

The NDRC delegation appreciated Pakistan’s efforts and said that Chinese investors are willing to invest in the SEZs being developed under CPEC.

Deputy Director-General Jian said the industrial cooperation under CPEC can help Pakistan develop its industrial cluster based on its potentials. The Chinese side offered to train and equip Pakistan’s small and medium enterprises (SMEs), making them technologically sound and competitive to increase country’s exports.

Both sides also discussed the agenda for Joint Working Group on industrial cooperation and forthcoming Joint Cooperation Committee, expected to be held in October or November this year.

Published in Dawn, August 31st, 2019