Articles by "CPEC"
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on January 02, 2019 0
Abdul Razak Dawood’s company wins bid to construct Mohmand Dam
The joint venture of Pakistani company, Descon, owned by Adviser to PM on Commerce Abdul Razak Dawood, and a Chinese company, China Gezhouba, have won the bid for construction of the Rs309 billion Mohmand Dam, having a capacity to generate 800MW of electricity.
Mohammad Dam is basically the flood control dam and after its construction, the dam will be able to store 300,000 cusecs of water, and will save Charsadda, Peshawar and Nowshera. The cost of the said project in 2003 stood at $1 billion which has now swelled to $3 billion due to the inordinate delay in Musharraf’s regime.
The said dam, if it was completed on time, could have helped avert the 2010 flood, which caused a loss of $10 billion. During the Musharraf’s regime, the said dam was handed over to a US company, AMZO, which did nothing for eight years and inflicted a huge loss of Rs152 billion to the Pakistani economy.
However, in Pakistan People’s Party era, the project was handed over to WAPDA. Soon after, WAPDA arranged $6 million from AFD, a French development agency, for detailed engineering of the project.
WAPDA Chairman Gen (r) Mozammil Hussain confirmed that Descon and China Gezhouba have won the bid and to this effect, the contractor will mobilize to the site of the project within 10 weeks.
“The international competitive bidding was held in a single bid mode and the Joint Venture of Descon and China Gezhouba has qualified for the project. Other joint venture of FWO with Power China also participated in the bid but could not win the project,” the chairman said

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on January 02, 2019 0
China to Secretly Lend $2 Billion to Support Pakistan: Report
China is going to lend $2 billion to the country as balance of payments support. According to a report in international media, China will lend around $2 billion to bolster Pakistan’s foreign exchange reserves and avert further depreciation of the rupee against the US dollar.
The Financial Times, quoting two senior government officials, said China will be providing Pakistan with $2 billion to stabilize its currency and bolster its dwindling forex reserves.
The official said that China’s promise to Pakistan is an indication of their commitment to helping the country avoid a crisis.
According to the report, China isn’t officially announcing the financial support for Pakistan as the government faces high debt repayments, fiscal deterioration and sliding forex reserves.
Recently, Saudi Arabia and UAE have announced to extend support to Pakistan in a bid to avoid a possible balance of payment crisis.
Both countries are expected to deposit $3 billion in the State Bank of Pakistan to shore up Pakistan’s foreign exchange reserves.
The countries are also expected to supply oil to Pakistan on a deferred payment facility for three years as well


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on January 02, 2019 0

Gojra-Khanewal Motorway to miss completion deadline
According to a report prepared by Ministry of Communications, the project will miss its deadline of 19th January 2019 as tentatively, 3 to 4 more months are required to complete the project.


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on January 02, 2019 2
NankanaSahib Interchange on AbdulHakeem Motorway is almost completed and it will be inaugurated soon. 


KLM – Abdul Hakeem-Lahore Motorway Route Map, Interchanges and Service Stations

Lahore/Multan – 229 Kilometers long Abdul Hakeem-Lahore Motorway is part of karachi-Lahore Motorway (KLM). It is being constructed by Federal Government. It is an important part of China-Pakistan Economic Corridor (CPEC). This Motorway section will pass through central and southern Punjab cities and town, who are currently offside of the main GT Road (Kabirwala, Mukhdoompur Pahoran, Kot Islam, Pir Mahal, Rajana, Kamalia, Sandhianwali, Toba Tek Singh, Muriswala, Mamoon Kanjan, Gojra, Samundari, Tandlianwala, Satiana, Syedwala, Makkuana, Jaranwala, Bucheki, Nankana sahab, Managtanwala and Sharaqpur) . Karachi-Lahore Motorway has been divided into Five sections. :-

Lahore-Abdul Hakeem Motorway Section
Abdul Hakeem-Khanewal-Multan Motorway Section
Multan-Sukkur Motorway Section
Sukkur-Hyderabad Motorway Section
Hyderabad-Karachi Motorway Section

Interchanges List
Shamkot near Khanewal and Kabirwala
Dharkhana near Kot Islam
Pir Mahal
Rajana
Samundari near Tandliawala and satiana
Jaranwala
Mangatan Wala Near Nanka Sahib
Dhamke
Sagian Lahore

Service Area Locations
1- Between Sharaqpur and Nakana Sahab & Mangatanwala
2- Between Samundari and Jaranwala
3- Near Rajana



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on January 01, 2019 0

CPEC East West Corridor

Upgradation of N-70 National Highway (Multan-Qila Saifullah) at GirduHills near Fort #Monroe in District Dera Ghazi Khan. 33 km hilly portion of the N-70's Rakhi Gaj-Khar-Bewata section will be widened and shorted through construction of 8 steel bridges. This will shorten the distance and travel time between Multan and Quetta. Financed by Japan
Photo Credit:Hammid Hassan



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on December 31, 2018 0
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800 MW MOHMAND DAM...Returning to the glorious times of Hydro Power Generation in Pakistan


Work on the construction of Mohmand Dam will start in January 2019
A spokesman of Water and Power Development Authority told the dam will be completed at a cost of three hundred and nine billion rupees by 2024.
On completion, it will generate 800MW electricity besides bringing more than seventeen thousand acres’ barren land under cultivation.
The Dam will also solve the problem of water scarcity in Mohmand and adjacent districts, in addition, to help in overcoming shortage of electricity in the country.

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on December 27, 2018 0


COMPARING PORT CAPACITIES
By Mehreen Nadeem


Trade activities fuel a countries economy. Generically, a system of imports and exports is developed through land routes whereas maritime routes are only available to geographically fortunate countries.

Gwadar, the crown of CPEC, comprises of a core city as well as a port side. Largest in the world, Gwadar Port is adequately constructed and fully equipped to handle, store as well as clear an aggregate of 400 million tonnes of cargo, annually.

Welcoming its first liner in March 2018, Port of Gwadar is still in its early stages of development and hasn’t fully risen to its absolute potential. However, in juxtaposition with the Port of Karachi and the Port of Jebel Ali, an adequate estimation of Gwadar’s capability can be deduced.

Port of Karachi

Opened to activity in 1857 and since operated by Karachi Port Trust, it is Pakistan’s first sea port and consequently opened a myriad of vistas for the nation. With an aggregate of 30 available berths and 8 wharfs, it includes a deep natural harbour and provides safe navigation for vessels. Being the country’s largest metropolis, Karachi contributes to 53.38%** of the total collections of the Federal Board of Revenue. A major portion of the profits is generated through customs duty and sales tax on imports.

Port Of Jebel Ali

A century and 2 decades after the inauguration of the Port of Karachi, Jebel Ali in Saudi Arabia came in to existence. The 9th busiest port in the world with the largest man-made harbour to have ever been built the Port of Jebel Ali has an annual port capacity of 7.62 million tonnes.*

Owing to its strategic location the port provides a full market access to over 2 billion people and consequently plays an essential role in UAE’s economy.

Gwadar Port

Once a remote town of Baluchistan, Gwadar has now flourished and progressed to become one of the most lucrative cities in Pakistan. Under the China-Pakistan-Economic Corridor, Gwadar city and port is all set towards redeeming Pakistan’s crashing economy. It is strategically developed to handle 200 million tonnes of cargo each year while plans of expanding the venture in phase III entail a port capacity of 400 million tonnes annually.

Conclusion

In summation, Gwadar Port is the shining beam on the sombre horizon of Pakistan’s economy. The port will not only bring internal benefits in terms of its size but will also expedite trade activities, for China, as well as  lathe
ndlocked Central Asian countries.








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on December 26, 2018 0


Ship-breaking yard approved for Gwadar



Prime Minister Imran Khan has approved establishing ship-breaking yard in Gwadar and a policy board for the same is being formulated.


This was announced during a high-level review meeting on the subject, chaired by Chief Minister Balochistan and attended by Federal Minister for Defence Production Zubaida Jalal and Finance Minister Asad Umar.


The meeting was informed CM Balo­chistan would also be a member of this policy board.


The PC1 document of Gwadar Ship-breaking Yard was presented in 2007 but could not proceed due to lack of interest by successive governments.


Now prime minister has approved the project on a partnership basis with the induction of manufacturing, training workshops, and parking stations.


“The government will welcome all projects in the better interests of people of the province.” CM Balochistan said, lauding the centre’s initiative.


The project is expected to fulfil the ­country’s shipping needs while also ­creating job opportunities for the local ­population.


The meeting was also briefed regarding the project completion and land allocation for the ship-breaking yard.


The finance minister said, “All decisions regarding Balochistan and Gwadar would be made with the consultation of the provincial government,” he assured.


The meeting unanimously agreed upon that approval of Gwadar Master Plan and other affairs would be inked jointly by federal, provincial governments as well as all the stakeholders.








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on December 26, 2018 0
Hammerhead projection of beautiful port city,Gwadar of Pakistan  into Arabian sea.Besides natural deep sea port,new Gwadar Int Airport will not only improve cargo supply chains across country&economic activity but also ensure success of CPEC



















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on December 24, 2018 0

Motorway ( M-8) is near completion


About 213 km Khuzdar-Shahdadkot Section of Gwadar-Rattodero Motorway ( M-8) is nearly completed and would likely to become fully functional in April 2019.


An official of National Highway Authority (NHA) told APP on Sunday that 188 Km of the section has been accomplished and already open for traffic and people of Baluchistan and Sindh are benefiting by transportation of vegetables and by generating other business. He said that only 5 km of Khori-Wangu Package is under construction.


In this five kilometer portion, the remaining work would be completed within three months, the official said.


He said that reason of delay was non availability of funds. As soon as the payment is released to the contractor, the 5 km portion will also be completed and opened for traffic, he said.


The Gwadar-Ratodero Motorway is divided into two sections; the first from Gwadar to Khuzdar and the second from Khuzdar to Ratodero.






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on December 22, 2018 0
Pakistan likely to get financial assistance worth $2 billion from China 




PTI government expects the good news of financial assistance to come after the meeting of the Joint Coordination Committee (JCC), the highest forum of ChinaPakistan Economic Corridor (CPEC), this month.



According to sources, Pakistan may get at least $2 billion short-term loans from Chinaafter the said meeting of JCC, scheduled to commence from December 20 in Beijing. The short-term lending arrangement could be made with the Industrial and Commercial Bank of China Limited (ICBC), a Chinese multinational banking company. It is the largest bank in China and the largest bank in the world by total assets, deposits, loans, number of customers and number of employees.



According to sources at State Bank of Pakistan (SBP), during the visit of Prime Minister Imran Khan last month, the central bank was asked for a ‘situation analysis’ for the requested financial assistance. The bank has reportedly finalised the report which may also be discussed during the upcoming JCC meeting, they added.



China may extend help for Pakistan’s balance of payment under the CPEC framework, sources claimed


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