PM reviews progress on Pak-China Economic Corridor

Published April 9, 2014
Prime Minister Nawaz Sharif chairing a progressive review meeting of Pak-China Economic Corridor at PM House. —Photo by APP
Prime Minister Nawaz Sharif chairing a progressive review meeting of Pak-China Economic Corridor at PM House. —Photo by APP
Prime Minister Nawaz Sharif shaking hands with Chinese Premier Li Keqiang. —File photo
Prime Minister Nawaz Sharif shaking hands with Chinese Premier Li Keqiang. —File photo

ISLAMABAD: Prime Minister Nawaz Sharif reviewed on Tuesday progress on the Pakistan-China Economic Corridor and infrastructure projects.

Presiding over a meeting ahead of his visit to China, Mr Sharif said the government would ensure that Chinese investments in Pakistan were secure and would provide best returns.

Minister for Planning and Development Ahsan Iqbal apprised the prime minister that a framework agreement to be signed with the Chinese government for funding of projects had been finalised.

The minister also briefed him on the status of Karachi-Lahore motorway project and the rehabilitation plan for Lahore-Islamabad motorway.

The prime minister was informed that the master plan for Pakistan Power Park at Gaddani has been completed while feasibility study for jetty and infrastructure will be completed by June.

Mr Sharif told the meeting that energy and infrastructure projects were the backbone of country’s economy and these needed to be completed as early as possible.

The meeting focused on early-harvest projects, which included 1,320MW coal-based power projects at Port Qasim; 660MW coal-based power projects at Gaddani by Power China; 1,100MW Kohala hydro power project; 873MW Suki Kanari hydropower project; 720MW Karot hydropower project; 3.5mt annually coal mining project at Thar block-II SECMC; and Solar Power Park at Bahawalpur, in addition to the construction of East-Bay Expressway at Gwadar and 300-bed hospital at Gwadar.

The prime minister will attend the Boao Forum for Asia in Beijing from April 9 to 11.

He will hold talks with the Chinese leadership on financing of the projects under the Pak-China Economic Corridor as well as measures to further enhance economic cooperation between the two countries.

Federal Ministers Khawaja Mohammad Asif and Khawaja Saad Rafiq also attended the meeting.

Chinese Premier Li Keqiang will inaugurate the Boao Forum for Asia Annual Conference.

Prime Minister Sharif will address the forum on April 10.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Military convictions
Updated 22 Dec, 2024

Military convictions

Pakistan’s democracy, still finding its feet, cannot afford such compromises on core democratic values.
Need for talks
22 Dec, 2024

Need for talks

FOR a long time now, the country has been in the grip of relentless political uncertainty, featuring the...
Vulnerable vaccinators
22 Dec, 2024

Vulnerable vaccinators

THE campaign to eradicate polio from Pakistan cannot succeed unless the safety of vaccinators and security personnel...
Strange claim
Updated 21 Dec, 2024

Strange claim

In all likelihood, Pakistan and US will continue to be ‘frenemies'.
Media strangulation
Updated 21 Dec, 2024

Media strangulation

Administration must decide whether it wishes to be remembered as an enabler or an executioner of press freedom.
Israeli rampage
21 Dec, 2024

Israeli rampage

ALONG with the genocide in Gaza, Israel has embarked on a regional rampage, attacking Arab and Muslim states with...