The government on Monday decided to build a 'CPEC Tower' in Islamabad named after the China-Pakistan Economic Corridor (CPEC).

The decision was taken during a meeting of officials from the Ministry of Planning, Development and Reforms, other line ministries and departments in the capital.

The 'CPEC Tower', touted as 'iconic' by Minister for Planning, Development and Reforms Ahsan Iqbal, is to become the tallest building in the federal capital and will attract investors and serve as a symbol of Pak-China friendship.

A high-level committee to be headed by Malik Ahmed Khan, member infrastructure of the Planning Ministry, will work on the proposed CPEC tower.

During the meeting, Iqbal laid down the tasks for the committee, and directions were given to conduct a feasibility study after identifying a suitable site for the building, and to acquire the land in the light of the feasibility study.

"The committee should sit with the relevant departments to resolve issues of building codes and regulations," Iqbal said.

The minister stated that the initiative would facilitate Chinese and other investors from around the world, adding that the building would help build an image of Islamabad as a sustainable and vibrant city thriving upon entrepreneurship, science and technology, research and development, finance and culture.

"The CPEC Tower should be equipped with a state-of-the-art hotel, office spaces, commercial spaces and modern facilities," said Iqbal.

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 option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...