AIRLINK 67.86 Increased By ▲ 3.27 (5.06%)
BOP 5.74 Increased By ▲ 0.14 (2.5%)
CNERGY 4.70 Decreased By ▼ -0.02 (-0.42%)
DFML 22.32 Increased By ▲ 1.56 (7.51%)
DGKC 71.31 Decreased By ▼ -0.09 (-0.13%)
FCCL 20.00 Increased By ▲ 0.05 (0.25%)
FFBL 30.72 Increased By ▲ 0.27 (0.89%)
FFL 10.05 No Change ▼ 0.00 (0%)
GGL 10.08 Increased By ▲ 0.03 (0.3%)
HBL 116.75 Increased By ▲ 5.75 (5.18%)
HUBC 131.50 Increased By ▲ 0.66 (0.5%)
HUMNL 6.77 Decreased By ▼ -0.08 (-1.17%)
KEL 4.40 Increased By ▲ 0.01 (0.23%)
KOSM 4.75 Increased By ▲ 0.41 (9.45%)
MLCF 37.55 Decreased By ▼ -0.20 (-0.53%)
OGDC 135.25 Increased By ▲ 1.40 (1.05%)
PAEL 22.88 Increased By ▲ 0.31 (1.37%)
PIAA 27.15 Decreased By ▼ -0.40 (-1.45%)
PIBTL 6.25 Decreased By ▼ -0.06 (-0.95%)
PPL 115.90 Increased By ▲ 0.95 (0.83%)
PRL 27.53 Increased By ▲ 0.31 (1.14%)
PTC 16.48 Decreased By ▼ -0.02 (-0.12%)
SEARL 60.67 Decreased By ▼ -0.03 (-0.05%)
SNGP 67.08 Increased By ▲ 1.93 (2.96%)
SSGC 11.35 No Change ▼ 0.00 (0%)
TELE 9.04 Increased By ▲ 0.07 (0.78%)
TPLP 11.45 Increased By ▲ 0.20 (1.78%)
TRG 70.65 Increased By ▲ 1.60 (2.32%)
UNITY 23.70 Increased By ▲ 0.26 (1.11%)
WTL 1.39 No Change ▼ 0.00 (0%)
BR100 7,373 Increased By 48.2 (0.66%)
BR30 24,417 Increased By 359.2 (1.49%)
KSE100 70,925 Increased By 380.8 (0.54%)
KSE30 23,340 Increased By 148.6 (0.64%)
Print Print 2023-10-19

CPEC projects worth $25bn completed: PM

  • Says clean energy projects were expected to be completed in the next four to five years under the CPEC
Published October 19, 2023

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar said on Wednesday that his country has completed more than 50 projects worth $25 billion under the China-Pakistan Economic Corridor (CPEC). Kakar was speaking at the Belt and Road Forum in Beijing.

The CPEC is a flagship project under China’s Belt and Road Initiative, with more than $65 billion pledged for road, rail and other infrastructure developments in the South Asian nation of 241 million people.

“We have completed over 50 projects worth $25 billion under the CPEC,” Kakar said, adding that a very significant airport at the Gwadar port, which is being built with Chinese money as part of the CPEC, will soon be inaugurated.

Kakar seeks Chinese investment in Pakistan’s renewable energy sector

Representatives of more than 130 countries, largely from the Global South, attended the forum, including several heads of state, of whom the most prominent was Xi’s “dear friend” Russian President Vladimir Putin Building industrial zones with Chinese and local Pakistani collaboration remains in the pipeline, together with a rail track of over 2600km costing nearly $7 billion, the biggest single project under the CPEC.

Clean energy projects were expected to be completed in the next four to five years under the CPEC, Kakar said.

Comments

Comments are closed.

Tulukan Mairandi Oct 19, 2023 05:59am
Then why is CPEC a flop? These are the government's own words.
thumb_up Recommended (0)
Ash Chak Oct 19, 2023 08:01am
The audience thought it was a stand up comedy show by PM Kakar. .
thumb_up Recommended (0)
Ijaz Ahmed Oct 19, 2023 10:52am
I am Imran's follower. I will only believe if Imran says so.
thumb_up Recommended (0)
AAN Oct 19, 2023 11:55am
I am frightened to know that clean energy projects to completed in next four to five years. For masses these projects will only add capacity payments and rest of the benefits no idea. Nation already in capacity payments trap and any new plant either solar or wind or other will only make the trap stronger
thumb_up Recommended (0)
faisal Oct 19, 2023 12:38pm
Power companies will be in surprise in few years. Even if they generate electricity at 0 cost still transmission cost will be greater than roof top solar systems. Large scale era of energy is over. Once consumers install solar companies will fall.
thumb_up Recommended (0)
IMTIAZ CASSUM AGBOATWALA Oct 19, 2023 03:26pm
Why doesn't the caretaker PM go home and do what he is supposed to do .
thumb_up Recommended (0)