Pakistan, China kick off ambitious CPEC project


Pakistan and China kicked off their ambitious 46 billion US Dollar China- Pakistan economic corridor (CPEC) project. It was kicked off after China successfully acquired over 2,000 acres of land in restive Balochistan to develop the strategic Gwadar port. Earlier both countries had signed a deal in this regard to give the usage right of the land to a Chinese company. Under this ambitious project, China is expected to invest around 1.62 billion US dollars in the Gwadar project. It includes construction of an expressway linking the harbour and coastline with a rail link, breakwater. It also includes other 9 projects which is expected to be completed in three to five years…Read More

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