Breaking News :

Google unveils Pixel 6 smartphone

cextends bails of Hamza, Shehbaz till Aug 16

Vaccines to be administered in Karachi without CNICs

Pakistan’s Najma Parveen disappoints in Tokyo Olympics

Shehzad Roy hilariously responds to an unusual marriage proposal

PTI MNA mocks COVID-19 restrictions by holding a large wedding

Fake vaccine certificates put nationwide inoculation drive in jeopardy

All questions answered about the Delta variant

Azam Khan ruled out for 2nd, 3rd T20I after sustaining a head injury

Gibbs lashes out at BCCI for politicising cricket

Noor Muqaddam case: Polygraph test of accused Zahir Jaffer conducted

Snapchat is up and running yet again

AC Bannu shares wedding joy with street children

PM Khan in hot waters for not holding intra-party polls

Covid-19: Sindh to be locked down tomorrow onwards

Nausheen Shah hits back at trolls on Instagram

Current account deficit to remain between 2-3pc in FY22: SBP

Sharif met Mohib to protect Pakistan’s national interest: Abbasi

Pakistan, Saudi Arabia agree to further economic cooperation

Noor asked me to bring Rs700,000 to Zahir’s house: driver

China, Pakistan agree to boost cooperation under CPEC

Pak, Saudi Arabia agree to further bilateral ties

PML-N, PPP reject AJK results

Pakistan ranks top 10 in business environment: Chinese report

PPP bags Sindh-Balochistan seat of AJK assembly

Four martyred in AJK as Army vehicle falls into ravine

PTI wins 25 seats in AJK elections

25 textile companies contribute 21pc to $25bn exports

Gandapur’s misogynist remarks against Maryam draw public ire

I am definitely the candidate to replace PM Khan: Mehwish Hayat

Govt welcomes UK move against corrupt elements

Tajik forces declare readiness to counter any uncertain scenario on Afghan border

Qureshi set to embark on China visit today

Cargo ship stranded at Karachi’s Seaview for second day

Video of a bull getting out of control and shot goes viral

A must-try recipe for this Bakrid

WhatsApp introduces joinable calls feature

Delta variant on a roll in Karachi

Security of Chinese nationals improved after Dasu incident

Zalmay holds talks with Army Chief, PM

Cryptocurrency advocates want Pakistan to align itself with modern times

Saudi Arabia allows shops to remain open during prayers

Behroze Sabzwari speaks on his son’s separation with Syra Yousuf

RSS ideology main hurdle in Indo-Pak peace: PM Khan

Uninstall these apps if you want to use WhatsApp

Pakistan, Uzbekistan set to produce a film together

Mahira Khan says she is not even engaged

Disappointed at allegations from Afghanistan: PM Khan

Chaman border closed after Taliban get close

Pakistan for Afghan-owned solution in Afghanistan: Qureshi

Some updates about the upcoming iPhone 13

Sherry says Pakistan doesn’t criminalise violence

Will EVMs be effective in Pakistan?

Cuba proposes to establish a vaccine plant in Pakistan

Ban on TLP to be maintained: Fawad Chaudhary

Twitter lashes out at Pakistani team as they suffer a 3-0 whitewash

Maryam Nawaz’s blunder lands her into hot waters yet again

Taliban destroy two helicopters of the Afghan forces

Naegleria claims 4th life in Karachi

PM Khan reiterates support to Kashmiri struggle for freedom

Monsoon season begins in Pakistan

Khalilzad embarks on diplomacy tour of Qatar, Uzbekistan and Pakistan

Bushra Ansari proves again that age is just a number

No taxes on imports for exports sector from Aug 14: FBR

Faysal Quraishi recreates his viral ‘jaahil log’ video

Pakistan welcomes Iran’s role in Afghan peace process

WhatsApp may finally allow you to select quality for sending visual content

Beware! 22 brands of water declared unsafe for human consumption

PM warns nation of Covid-19’s Indian variant

Shahroz says he always saw a life partner in Sadaf

Biden vows to stand by Afghan security forces

Pakistan to see electric cars in this month

China assures to stand behind Pakistan regardless of world politics

Pak vs Eng: Haris Sohail ruled out of ODI series

Spotify vs Apple Music vs Sound Cloud: 12 best music streaming services in 2021

$1b Eurobonds floated at 8.5% interest rate

Man accused of assaulting young couple arrested in Islamabad

Legendary Bollywood actor Dilip Kumar passes away

Karachi matric board chairperson explains details behind controversy

How to know if you have been blocked by someone on Whatsapp?

India clearly behind Lahore blast: Sheikh Rashid

State keen to talk to Baloch insurgents: Chaudhary

People unhappy with scantily clad women at Hum Style Awards

Minal’s fans are worried after her hospital pictures go viral

Why you should refrain from investing in crypto

Selected Imran should refrain from commenting on Pakistan’s nuclear assets: Maryam Nawaz

Khalil-ur-Rehman Qamar sides with PM Khan over his statements on rape

UAE-Pakistan friendly ties continue to foster growth, development

Govt working to speed up CPEC projects: Adviser Hafeez Shaikh

Govt working to speed up CPEC projects: Adviser Hafeez Shaikh

Govt working to speed up CPEC projects: Adviser Hafeez Shaikh

Adviser to PM on Finance and Revenue Dr. Abdul Hafeez Shaikh on Friday said the government is working to expedite work on China-Pakistan Economic Corridor (CPEC) projects.

“The government is taking several institutional steps to further speed-up implementation of the CPEC projects,” the adviser said.

He made these remarks while meeting with the Chinese Ambassador to Pakistan Yao Jing.  

“Hafeez Shaikh emphasised that the corridor was the culmination and anchor of the great friendship and deep-rooted collaboration of the people and governments of China and Pakistan to realize their joint destiny, achieve their common objectives and ensure a more prosperous future for both nations,” a press release issued by the Finance Ministry showed.  

The Finance Ministry, however, did not share the government’s plans to expedite work on CPEC projects.

The statement comes one day after China and Pakistan agreed to begin construction of the Kohala Hydropower Plant on Jhelum river, Muzaffarabad, Azad Jammu and Kashmir. 

The $2.4bn hydropower project, which falls under the ambit of CPEC, is the largest investment in the country’s power sector and will produce 1,124MW electricity.

The CPEC projects under China’s $1 trillion Belt and Road Initiative have hit a snag since the last three years. The early-harvest projects of the multi-billion dollar corridor including energy, road and rail networks and communication infrastructure have already been completed. 

However, the incumbent PTI government, after coming into power announced a comprehensive review of all CPEC projects and deals. The PTI accused the PML-N government of taking millions in kickbacks while awarding the contracts to local and foreign companies. 

The call for review led to a delay in implementing the remaining projects including the Kohala Hydropower project, which was shelved back in 2015. 

Moreover, the second phase of CPEC, which involved setting up of Special Economic Zones in cities across the world has also been stalled. Chinese investors, despite their government’s support, are unwilling to set up industries in Pakistan. 

The Pakistan government has announced massive tax breaks to lure in investors. The situation is further complicated by the government’s failure to provide adequate facilities like utilities, roads etc at these zones.

Read Previous

K-Electric, government trade barbs over Karachi power outages

Read Next

Govt announces record-high increase in fuel price

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x