China has decided to temporarily stop funding at least three major road projects in Pakistan, being built as part of the USD 50 billion China-Pakistan Economic Corridor, following reports of corruption, a decision that has left officials in Islamabad “stunned”, a media report said.
Pakistan To Receive Just 9 Per Cent Of Gwadar Port Income, Senators Raise Concerns Over CPEC Agreement
Contrary to the high claims that the Pakistan government made on the generation of revenue from the Gwadar port, the port which is a part of the China-Pakistan Economic Corridor (CPEC) will fetch the country, a very small proportion of the total generated revenue.
Over a hundred Kashmiri workers engaged at Neelum Jhelum Hydro Electric Project in Pakistan-occupied Kashmir have been sacked by CGG-CMEC, a Chinese consortium.
Pakistan has five small reactors in operation with combined capacity of just over 1300 MW. The last one in the four-reactor Chashma plant in Punjab province, built by China National Nuclear Corp (CNNC), went into operation in September this year.
Pakistan plans to build at least three to four big reactors as it targets nuclear power capacity of 8,800 megawatts (MW) by 2030, the country’s atomic energy commission chairman said.
Remote and impoverished, Pakistan’s Gwadar port at first glance seems an unlikely crown jewel in a multi-billion-dollar development project with China aimed at constructing a 21st century Silk Road.
China plans to complete ahead of schedule a USD two billion hydropower project in Pakistan- occupied Kashmir to ease energy crisis in Pakistan.
Asian Development Bank (ADB) today said it is actively processing USD 500 million (about Rs 3,275 crore) as debt and equity funding for private infrastructure projects in countries
China is racing to finish one of the biggest hydro-power projects in Pakistan ahead of schedule, yet its location in the long-contested region of Kashmir will draw ire from India.
The latest round of talks between India and Pakistan on Indus Water Treaty concluded without reaching an agreement, the World Bank has said even as it assured that both countries will continue to work to resolve the issues in an amicable manner.