ISLAMABAD: Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Monday chaired a meeting of the Cabinet Committee on Chinese Investment Projects (CCoCIP) which focused on expediting several ongoing projects under the CPEC framework. The meeting discussed the provision of electricity to the Rashakai Special Economic Zone (SEZ), import/export policies for Gwadar Free … Read more
ISLAMABAD: Turkmenistan is set to become the first Central Asian country to access the Gwadar Port under China Pakistan Economic Corridor (CPEC) as both countries are about to ink an agreement in this regard. Pakistan and Turkmenistan are already venturing various joint projects, including TAPI pipeline, railway track and fibre connectivity to connect two regions … Read more
Pakistan and China will start work on five new economic corridors with the backing of the Special Investment Facilitation Council (SIFC), a joint civil-military body established by Pakistan last year to attract foreign investment, as reported by Radio Pakistan on Wednesday. This initiative marks the beginning of the second phase of the China-Pakistan Economic Corridor … Read more
ISLAMABAD: Power Minister Sardar Awais Ahmad Khan Laghari has formed a four-member committee to oversee the conversion of three CPEC-developed Independent Power Producers (IPPs) from imported coal to Thar coal, with a formal notification issued by the Power Division. According to a copy of the power division’s notification seen by Profit, this four-member committee will … Read more
The Ministry of Finance has established a task force consisting of financial experts from Pakistan and China and government officials to develop an initial plan for reprofiling approximately $8 billion in foreign debt related to China-Pakistan Economic Corridor (CPEC) energy projects. The debt stock of operational CPEC power projects currently stands at $7 billion, but … Read more
ISLAMABAD: The Power Policy of 1994 was introduced as the ultimate solution to Pakistan’s electricity problems. Western countries and institutions praised the policy as one of the best pro-private sector initiatives. The World Bank and USAID collaborated with other multilateral donors to ensure the policy’s success by providing financial support. Both the World Bank and … Read more
ISLAMABAD: Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, directed all Working Groups on Tuesday to prepare concept papers for five new corridors proposed by Chinese President Xi Jinping in August. These corridors—focused on growth, livelihood, innovation, green energy, and regional connectivity—are part of the China-Pakistan Economic Corridor (CPEC) Phase-II. “The concept papers … Read more