CPEC will help bolster Pakistan’s economy: Ahsan
Planning Minister Ahsan Iqbal says Pakistan has been smoothly implementing the plan to build China-Pakistan Economic Corridor despite experiencing some challenges.In an interview on the sidelines of the World Economic Forum in Chinese city of Dalian, he said the corridor will be completed in three phases by 2030.The Minister said CPEC will boost Pakistan’s energy security and infrastructure, helping it attract more foreign investment.
He said Pakistan and China aim to build a network of rail, road and energy infrastructure as part of the Belt and Road initiative.
Over Rs.554m to be spent for exploration of natural resources
Ministry of Petroleum and Natural Resources would spend over five hundred fifty-four million rupees under Public Sector Development Programme in next fiscal year to step up exploration activities of natural resources for achieving self-reliance in the energy sector.It will launch two new projects worth one hundred ninety million rupees for coal exploration in Balochistan. More than thirty-seven million rupees would be spent on appraisal of newly discovered coal resources in Badin and its adjoining areas.Similarly about four million have been reserved for exploration of Tertiary Coal in the Central Salt Range of Punjab.
Lawi Hydro Power project will be completed at a cost of more than twelve billion rupees by 2019
Lawi Hydro power Project in Darosh area of Chitral is in progress.Sources of Pakhtunkhwa Energy Development Organization say the project will be completed at a cost of more than twelve billion rupees by 2019. The project is being constructed through public private partnership and it will generate sixty-nine megawatt electricity.
Host : Syed Sheharyar