21 C
Islamabad
Saturday, October 31, 2020

CPEC phase-2 about to Start

Must Read

Africa To Get $57 Billion From Official Creditors In 2020

WASHINGTON - Africa To Get $57 Billion From Official Creditors In 2020. The International Monetary Fund and World Bank,...

PM Khan Welcomes Global Debt Relief Efforts By G20

ISLAMABAD - PM Khan Welcomes Global Debt Relief Efforts By G20. Prime Minister Imran Khan, on Thursday, appreciated the...

Pakistani Steel Manufacturers To Operate in North America

ISLAMABAD - Pakistani Steel Manufacturers To Operate in North America. The State Bank of Pakistan SBP, on Friday, has...

ISLAMABAD – CPEC phase-2 about to Start. Chairman CPEC Authority, General (Retd) Asim Saleem Bajwa has said that the second phase of CPEC is about to start. This phase will encompass multi-sector projects that would generate mass level employment opportunities in the country.

General (Rtd) Asim Saleem Bajwa tweeted about phase-2 of China Pakistan Economic Corridor.

The CPECA Chairman said that after assuming the charge, he had taken briefings from various stake holders and came to know that the CPEC possessed across the board acceptability.

He said the CPEC first phase had already brought relief in energy and infrastructure sector while the second phase would help expanding industrialisation and other sectors related to socio economic uplift. Now CPEC phase-2 about to Start.

Asim Bajwa said nine projects had been completed so far producing 5320 MW electricity. With investment of US $7.9 billion providing jobs to 5000 Pakistanis. While eight more projects under construction for production of 4470 MW electricity investing another $ 9.55 billion providing jobs to 15,227 Pakistanis.

Last month, US Deputy Secretary of State, Allice Wells showed concerns over CPEC financing. Wells criticised China over its loan model, implying that Pakistan will eventually fall into a debt trap. Chinese ambassador in Pakistan reacted strongly to the statement made by US Deputy Secretary of State.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Africa To Get $57 Billion From Official Creditors In 2020

WASHINGTON - Africa To Get $57 Billion From Official Creditors In 2020. The International Monetary Fund and World Bank,...

PM Khan Welcomes Global Debt Relief Efforts By G20

ISLAMABAD - PM Khan Welcomes Global Debt Relief Efforts By G20. Prime Minister Imran Khan, on Thursday, appreciated the debt relief measures taken by...

Pakistani Steel Manufacturers To Operate in North America

ISLAMABAD - Pakistani Steel Manufacturers To Operate in North America. The State Bank of Pakistan SBP, on Friday, has allowed International Industries Limited (ILL)...

UN Warns Thousands Of Child Deaths Due To Economic Downturn

NEW YORK - UN Warns Thousands Of Child Deaths Due To Economic Downturn. The United Nations, on Thursday, warned that hundreds of thousands of...

Apple Launches New iPhone For Low-Budget Users

SAN FRANCISCO - Apple Launches New iPhone For Low-Budget Users. The tech giant Apple, on Wednesday, unveiled a new entry-level iPhone. It aims to appeal...
- Advertisement -

More Articles Like This

- Advertisement -