Beautiful Place of Pakistan.

China’s CPEC investment in Pakistan reaches $62 billion

Islamabad: China’s investment in its ambitious economic corridor project in Pakistan has reached $62 billion, jumping more than 34% from its initial investment of $46 billion, a top Pakistani official said on Wednesday. Sindh province governor Mohammad Zubair said China’s approved financing for several projects in Pakistan under the China-Pakistan Economic Corridor (CPEC) has reached… read more »

China has handed a 600-ton patrol ship over to Pakistan

BEIJING: China has handed a 600-ton patrol ship over to Pakistan’s maritime safety authority in Guangzhou, Guangdong province, reported the Chinese newspaper People’s Daily. Among other things, the ship will be used to safeguard Pakistan’s maritime interests. The new ship, just the third of its kind, was built by China Shipbuilding Trading Company Ltd. (CSTC)… read more »

China overtakes US as top direct foreign investor in Pakistan

China is overtaking the US as the largest direct foreign investor in Pakistan, with the South Asian nation increasingly favouring its neighbour’s “One Belt, One Road” trade route that is funnelling in billions of dollars and revamping decrepit infrastructure.

With relations frayed between the United States and Pakistan, China has been strengthening its ties to the nation of about 200 million people after it pledged two years ago to loan and finance about US$55 billion (S$77 billion) in a so-called China-Pakistan Economic Corridor (CPEC).

US direct investment in Pakistan stood at US$505 million – from July 2013 to January this year, compared with US$1.82 billion that came from neighbouring China, according to central bank data.

Mushahid Hussain Syed talks over CPEC

Increasing his efforts in dispelling Indian concerns over the China-Pakistan Economic Corridor (CPEC), Senator Mushahid Hussain Sayed, who is the Chairman of Pakistan’s Parliamentary Committee on CPEC, has responded to questions shared for an email interview by Economic Times. The Senator comments on Pakistan’s motivation for CPEC as entirely based on socioeconomic benefits, which is… read more »

Karot Hydro Power Project

KAROT Hydro Power Project KAROT Hydropower Project is the 4th of the 5 cascade hydropower stations planned on Jhelum River in Pakistan, its upstream is the Azad Pattan HPP, and its downstream is the Mangla HPP. The Project is a single power generation task hydropower complex, with reservoir storage of 164.50 million m3. Its installed… read more »