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China Pakistan Economic Corridor

Launch of Sheikhupura’s “Quaid-e-Azam Business Park” Economic Zone held

A soft launch ceremony of Quaid-e-Azam Business Park, another CPEC's Special Economic Zone (SEZ) located in Sheikhupura. held in Lahore today, by PM of Pakistan. The launch of Quaid-e-Azam Business Park was due on the 28th March, 2020, only a few weeks after the Prime Minister inaugurated another special economic zone (SEZ) near Faisalabad (Jan, 2020). This SEZ, Allama Iqbal Industrial City, was...

ML-1 will be upgraded from Peshawar to Karachi under CPEC Project and travelling will reduce to 10 hours

The Senate was informed about the recently signed agreement with China for ML-1, that it will be upgraded from Peshawar to Karachi under China-Pakistan Economic Corridor (CPEC) Project. The ML-1 project will be completed in the next five years. A 1,872km-long track from Peshawar to Karachi will be laid out in addition to the existing one – turning it into a double track route– at a cost of $8.2...

Setting Up of ICT Model Industrial Economic Zone in Islamabad near New Islamabad Airport will commence soon

Prime Minister Imran Khan during a recent meeting held to review progress on CPEC was informed that Rashakai-KP, Dhabeji-Sindh and M-3 Faisalabad-Punjab SEZs would be ready for ground-breaking by June this year, which was very encouraging. However, ground-breaking of the SEZ in Islamabad could get unnecessarily delay as the government has not selected any site or acquired land for this project so far....

Construction work on Gwadar Airport in Pakistan to start in April this year

Construction of the proposed Gwadar International Airport in Pakistan is scheduled to start in April this year following the completion of planning work. The $246m airport is located in the province of Balochistan region, near Iran and Oman borders, and is said to be the largest in Pakistan. According to the latest official record, the design and work plan has been approved and the construction...