China Pakistan Economic Corridor (CPEC) | Updates & Discussions
- Thread starter Kompromat
- Start date
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,926
- Reaction score
- 106
- Country
- Location
Pakistan waives off bidding condition for CPEC projects
ISLAMABAD: The government on Tuesday permanently waived off the condition of international competitive bidding in Chinese deals and approved to award the construction contract of Eastbay expressway to link Gwadar port with coastal highway to one of three Chinese bidders.
It also gave legal cover to gift four horses of high breed to royal families of Qatar and Saudi Arabia in a non-transparent manner. In its meeting, the Economic Coordination Committee (ECC) of the Cabinet approved the sale price formula of Re-gasified Liquefied Natural Gas (RNLG), passing on the cost of system’s inefficiencies and extra expenditures on import to the consumers. The ECC also allowed hand over of Heavy Mechanical Complex (HMC) to the military’s Strategic Plan Division (SPD), taking it from the Ministry of Industries.
Chinese railway company wins bid for Karachi-Lahore motorway
Headed by Finance Minister Ishaq Dar, the ECC made certain decisions that carry far-reaching implications for execution of the China Pakistan Economic Corridor (CPEC) in addition to setting the base for future RLNG-based projects.
ISLAMABAD: The government on Tuesday permanently waived off the condition of international competitive bidding in Chinese deals and approved to award the construction contract of Eastbay expressway to link Gwadar port with coastal highway to one of three Chinese bidders.
It also gave legal cover to gift four horses of high breed to royal families of Qatar and Saudi Arabia in a non-transparent manner. In its meeting, the Economic Coordination Committee (ECC) of the Cabinet approved the sale price formula of Re-gasified Liquefied Natural Gas (RNLG), passing on the cost of system’s inefficiencies and extra expenditures on import to the consumers. The ECC also allowed hand over of Heavy Mechanical Complex (HMC) to the military’s Strategic Plan Division (SPD), taking it from the Ministry of Industries.
Chinese railway company wins bid for Karachi-Lahore motorway
Headed by Finance Minister Ishaq Dar, the ECC made certain decisions that carry far-reaching implications for execution of the China Pakistan Economic Corridor (CPEC) in addition to setting the base for future RLNG-based projects.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,926
- Reaction score
- 106
- Country
- Location
'CPEC's western route to be ready by 2018'
ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal, rebutting the notion that the government has neglected the western route of the China-Pakistan Economic Corridor (CPEC), has assured the upper houser of parliament that the government was committed to completing the western route by 2018.
Speaking in the Senate on Wednesday, he said the second interim report of the Senate Special Committee on China-Pakistan Economic Corridor was devoid of facts, so were the statements about the government failing to live up to its commitment with regard to the western route.
CPEC western route wins tentative nod
The special committee report, presented before the Senate on Monday by Senator Taj Haider, points out that the CPEC’s western route has not been accorded the priority that PM Nawaz had promised in his public announcement on January 15.
“While work on the eastern route and the Peshawar to Karachi Main Line 1 of the railways is progressing on a fast pace and construction of a six-lane motorway on the eastern route is expected to be completed [on time], work on the agreed route from D I Khan to Gwadar and construction of deep sea berths at the Gwadar Port remain mere eyewash,” the report said.
The minister also challenged the remarks of Senator Usman Khan Kakar that the government had allocated a meager amount of Rs1 billion for the western route. Quoting figures from the PSDP, the minister said an amount of Rs17 billion was allocated for the Havelian-Thakot section while Rs19 billion have been allocated for the Multan-Sukkur section.
ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal, rebutting the notion that the government has neglected the western route of the China-Pakistan Economic Corridor (CPEC), has assured the upper houser of parliament that the government was committed to completing the western route by 2018.
Speaking in the Senate on Wednesday, he said the second interim report of the Senate Special Committee on China-Pakistan Economic Corridor was devoid of facts, so were the statements about the government failing to live up to its commitment with regard to the western route.
CPEC western route wins tentative nod
The special committee report, presented before the Senate on Monday by Senator Taj Haider, points out that the CPEC’s western route has not been accorded the priority that PM Nawaz had promised in his public announcement on January 15.
“While work on the eastern route and the Peshawar to Karachi Main Line 1 of the railways is progressing on a fast pace and construction of a six-lane motorway on the eastern route is expected to be completed [on time], work on the agreed route from D I Khan to Gwadar and construction of deep sea berths at the Gwadar Port remain mere eyewash,” the report said.
The minister also challenged the remarks of Senator Usman Khan Kakar that the government had allocated a meager amount of Rs1 billion for the western route. Quoting figures from the PSDP, the minister said an amount of Rs17 billion was allocated for the Havelian-Thakot section while Rs19 billion have been allocated for the Multan-Sukkur section.
Muhammad Omar
ELITE MEMBER
- Joined
- Feb 3, 2014
- Messages
- 13,558
- Reaction score
- 15
- Country
- Location
China Pakistan Economic Corridor
Work on construction of a 10-square kilometer industrial free zone in Gwadar is underway.
It is expected that the port city will be able to create about 40,000 jobs. Gwadar Port Authority (GPA), Chairman Dostain Khan Jamaldini said that the construction of Gwadar Free Zone is underway at a cost of US $2 billion.
He said that Chinese, Middle East, European and Pakistani investors have planned to establish 300 factories to manufacture different products in Gwadar.
Jamladini said, “Chinese firm is spending US $2 billion for construction of roads, provision of electricity, gas and water in Gwadar Free Zone, spread over 10 square kilometer of land and work will be completed within the stipulated time.”
Last week, Federal Minister for Planning, Development and Reform Ahsan Iqbal, rebutting the notion that the government has neglected the western route of the China-Pakistan Economic Corridor (CPEC), has assured the upper house of parliament that the government was committed to completing the western route by 2018.
Speaking in the Senate, he said the second interim report of the Senate Special Committee on China-Pakistan Economic Corridor was devoid of facts, so were the statements about the government failing to live up to its commitment with regard to the western route.
Three universities on CPEC's western route to start functioning this year, says Ahsan Iqbal
ISLAMABAD: Three universities being established on the western route of the China-Pakistan Economic Corridor (CPEC) in the Federally Administered Tribal Areas and Balochistan will start functioning this year, Minister for Planning, Development and Reform Ahsan Iqbal said.
Speaking at a seminar, Iqbal said the universities are part of the government's efforts to produce quality human resource while focusing on infrastructural development and energy production through the CPEC.
The CPEC, a trans-regional project, will benefit 3 billion people in the region through enhanced regional connectivity with Balochistan and Khyber Pakhtunkhwa and play an instrumental role in integrating the whole region, he said.
"The CPEC will benefit the most backward areas of the country and this change has started to appear in the form of emerging settlements alongside a section of the western route from Quetta to Gwadar, which is scheduled to be completed by end of this year," the minister said.
Iqbal expressed confidence that Balochistan would experience a new era of development and prosperity when missing links on the western and central routes will be completed.
The CPEC is not a project restricted to the present government's tenure, but a 15-year-long project which will be completed in 2030, he said.
"Even India has started realising the potential benefits of trade with China through the CPEC," the minister said, adding that the project is a fusion of the Pakistan Vision 2025 plan and China's One Road-One Belt initiative.
CPEC CENTERPIECE OF BEIJING'S ONE-BELT ONE-ROAD INITIATIVE: MUSHAHID
He lauds China for achieving economic miracles in 25-year time
The Chairman, Parliamentary Committee for China Pakistan Economic Corridor Mushahid Hussain Sayed has paid glowing tributes to the Communist Party of China by lifting out six hundred million people, out of poverty within twenty-five years' time.
In an interview to Central China Television Network with reference to Pak-China relationship, he said relations have expanded rapidly over the years.
He said CPEC is a centrepiece of Beijing's One-Belt One-Road Initiative, meant to open new trade and transport routes across Asia.
CPEC
ADB to invest in CPEC, Gwadar city projects
ISLAMABAD: The Asian Development Bank (ADB) has expressed keen interest in investing in the China-Pakistan Economic Corridor (CPEC) and in the Gwadar city to complement efforts made by both the countries, but it has not yet received a formal request from the federal government.
“The CPEC, Special Economic Zones and other initiatives have huge financial needs and the ADB can complement Pakistan and China’s efforts,” said ADB Vice President Wencai Zhang while speaking to media at the conclusion of his five-day visit to Pakistan on Monday.
The ADB has provided Pakistan loans amounting to over $27 billion over a period of 50 years and the purpose of the VP’s visit was to find new areas of cooperation and to get first-hand information about economic cooperation.
“I visited Gwadar for the first time and was so impressed by the quality and potential of the Gwadar port, located at such an important place,” said Zhang while sharing his feelings.
“The port needs a lot of investment in coming years. Authorities have named a few projects for transport, city development, water supply and road and rail to link Gwadar with other cities for which they seek the ADB support,” he added.
He said the authorities would first have to talk to the central government for the ADB support and that the bank had so far received no formal request from the government.
However, he added the bank – one of the two largest lenders to the country – would “certainly complement what China and Pakistan are doing along the economic corridor”. “The ADB will not duplicate what the two countries have already agreed to,” he maintained.
Present on the occasion, ADB Country Director Werner Liepach said the bank was actively looking at how to leverage the potential the CPEC offered. “If you only built the road; it’s only for transit, but the CPEC opportunity has to be realised,” he said.
“We are in talks with the government to find ways to develop the economic corridor.”
The ADB vice president said he had also discussed a plan to invest in the Pakistan Railways on a medium to long-term basis. “The railway minister mentioned three main lines but we have not yet picked any line for investment.”
He said the bank was keen to support the railways but first wanted to see a clear roadmap for sector’s reform, one that showed that the sector would be economically and financially viable in the years to come.
“Pakistan has achieved a lot of macroeconomic and financial stability, but the challenge of how to achieve higher economic growth remains,” he said, adding in order to take the current 4-5% growth rate to 7%, Pakistan needed more investment as the investment-to-GDP ratio was still very low.
“Export diversification remains another challenge the country needs to address,” he added.
The ADB distanced itself from the on-going GDP growth fudging allegations levelled by the parliamentarians and independent economists.
“The 4.7% growth estimate for 2015-16 was in line with the projections made by the international financial institutions,” the country director stated.
Zhang said the ADB had invested a lot in the energy sector to support reforms and remove bottlenecks, and it would continue with its heavy investment in the sector.
He said the lender was “overall satisfied with the progress in the energy sector and the government is broadly on track”. The two-year deadline to end load-shedding is realistic but depended on a lot of factors.
The ADB and Pakistan also signed an agreement for a $100 million loan to build the remaining 64km section of the motorway (M-4) connecting Shorkot and Khanewal in Punjab.
Projects under China-Pakistan Economic Corridor
A major chunk ie six (6) coal based power projects of 7920 MW under the CPEC are being facilitated by PPIB. Out of these, three (3) projects of 3300 MW have already started construction and it is anticipated that these projects will start producing much needed megawatts during 2017/18. Three (3) hydro IPPs of 2690 MW generation capacity are being processed by PPIB under the banner of CPEC which are progressing in accordance with the specified timelines.
Alongside Hydro and Coal, the government has also planned to utilise R-LNG for producing affordable power generation in the country in shortest time period. For this purpose, various projects are being processed at different locations of the country. PPIB is facilitating these projects to ensure smooth processing and timely completion. It is anticipated that through PPIB's efforts, more than 4000 MW shall be available by the end of 2018.
The Private Power and Infrastructure Board is endeavouring to meet the targets given and our philosophy is that commitment and sincerity towards ones work is the key to success. We believe that with the passage of time our role will be further strengthened and due to the requirement of private sector resource mobilisation, the share of private sector in power generation will further increase.
In 2016-2017 budget, the following has been allocated to infrastructure projects
Peshawar-Karachi motorway
Rs34bn for Lahore-Abdul Hakeem section
Rs19bn for Multan-Sukkur section
Rs2.5bn for Sukkur-Hyderabad Section
CPEC Western Route
Rs22bn for Burhan-Hakla (DI Khan Motorway)
Rs5bn for Gwadar-Turbat-Hoshab section
Rs4bn for Hoshab-Nag-Basima-Surab section
Rs1.1bn of DI Khan-Mughal Kot section
KKH Realignment
Rs4.6bn has been set aside for the construction of Burhan-Havelian Expressway
Rs16.5bn for Thakot-Havelian
Gwadar
Rs4.7bn has been allocated to East Bay Expressway, Gwadar
Misc Projects
Rs5bn for dualisation of Indus Highway
Rs4.5bn has been allocated for Lowari Tunnel
Rs3bn for the construction of road network of new Islamabad International Airport
Rs2bn for Jaglot-Skardu Road
Work on construction of a 10-square kilometer industrial free zone in Gwadar is underway.
It is expected that the port city will be able to create about 40,000 jobs. Gwadar Port Authority (GPA), Chairman Dostain Khan Jamaldini said that the construction of Gwadar Free Zone is underway at a cost of US $2 billion.
He said that Chinese, Middle East, European and Pakistani investors have planned to establish 300 factories to manufacture different products in Gwadar.
Jamladini said, “Chinese firm is spending US $2 billion for construction of roads, provision of electricity, gas and water in Gwadar Free Zone, spread over 10 square kilometer of land and work will be completed within the stipulated time.”
Last week, Federal Minister for Planning, Development and Reform Ahsan Iqbal, rebutting the notion that the government has neglected the western route of the China-Pakistan Economic Corridor (CPEC), has assured the upper house of parliament that the government was committed to completing the western route by 2018.
Speaking in the Senate, he said the second interim report of the Senate Special Committee on China-Pakistan Economic Corridor was devoid of facts, so were the statements about the government failing to live up to its commitment with regard to the western route.
Three universities on CPEC's western route to start functioning this year, says Ahsan Iqbal
ISLAMABAD: Three universities being established on the western route of the China-Pakistan Economic Corridor (CPEC) in the Federally Administered Tribal Areas and Balochistan will start functioning this year, Minister for Planning, Development and Reform Ahsan Iqbal said.
Speaking at a seminar, Iqbal said the universities are part of the government's efforts to produce quality human resource while focusing on infrastructural development and energy production through the CPEC.
The CPEC, a trans-regional project, will benefit 3 billion people in the region through enhanced regional connectivity with Balochistan and Khyber Pakhtunkhwa and play an instrumental role in integrating the whole region, he said.
"The CPEC will benefit the most backward areas of the country and this change has started to appear in the form of emerging settlements alongside a section of the western route from Quetta to Gwadar, which is scheduled to be completed by end of this year," the minister said.
Iqbal expressed confidence that Balochistan would experience a new era of development and prosperity when missing links on the western and central routes will be completed.
The CPEC is not a project restricted to the present government's tenure, but a 15-year-long project which will be completed in 2030, he said.
"Even India has started realising the potential benefits of trade with China through the CPEC," the minister said, adding that the project is a fusion of the Pakistan Vision 2025 plan and China's One Road-One Belt initiative.
CPEC CENTERPIECE OF BEIJING'S ONE-BELT ONE-ROAD INITIATIVE: MUSHAHID
He lauds China for achieving economic miracles in 25-year time
The Chairman, Parliamentary Committee for China Pakistan Economic Corridor Mushahid Hussain Sayed has paid glowing tributes to the Communist Party of China by lifting out six hundred million people, out of poverty within twenty-five years' time.
In an interview to Central China Television Network with reference to Pak-China relationship, he said relations have expanded rapidly over the years.
He said CPEC is a centrepiece of Beijing's One-Belt One-Road Initiative, meant to open new trade and transport routes across Asia.
CPEC
ADB to invest in CPEC, Gwadar city projects
ISLAMABAD: The Asian Development Bank (ADB) has expressed keen interest in investing in the China-Pakistan Economic Corridor (CPEC) and in the Gwadar city to complement efforts made by both the countries, but it has not yet received a formal request from the federal government.
“The CPEC, Special Economic Zones and other initiatives have huge financial needs and the ADB can complement Pakistan and China’s efforts,” said ADB Vice President Wencai Zhang while speaking to media at the conclusion of his five-day visit to Pakistan on Monday.
The ADB has provided Pakistan loans amounting to over $27 billion over a period of 50 years and the purpose of the VP’s visit was to find new areas of cooperation and to get first-hand information about economic cooperation.
“I visited Gwadar for the first time and was so impressed by the quality and potential of the Gwadar port, located at such an important place,” said Zhang while sharing his feelings.
“The port needs a lot of investment in coming years. Authorities have named a few projects for transport, city development, water supply and road and rail to link Gwadar with other cities for which they seek the ADB support,” he added.
He said the authorities would first have to talk to the central government for the ADB support and that the bank had so far received no formal request from the government.
However, he added the bank – one of the two largest lenders to the country – would “certainly complement what China and Pakistan are doing along the economic corridor”. “The ADB will not duplicate what the two countries have already agreed to,” he maintained.
Present on the occasion, ADB Country Director Werner Liepach said the bank was actively looking at how to leverage the potential the CPEC offered. “If you only built the road; it’s only for transit, but the CPEC opportunity has to be realised,” he said.
“We are in talks with the government to find ways to develop the economic corridor.”
The ADB vice president said he had also discussed a plan to invest in the Pakistan Railways on a medium to long-term basis. “The railway minister mentioned three main lines but we have not yet picked any line for investment.”
He said the bank was keen to support the railways but first wanted to see a clear roadmap for sector’s reform, one that showed that the sector would be economically and financially viable in the years to come.
“Pakistan has achieved a lot of macroeconomic and financial stability, but the challenge of how to achieve higher economic growth remains,” he said, adding in order to take the current 4-5% growth rate to 7%, Pakistan needed more investment as the investment-to-GDP ratio was still very low.
“Export diversification remains another challenge the country needs to address,” he added.
The ADB distanced itself from the on-going GDP growth fudging allegations levelled by the parliamentarians and independent economists.
“The 4.7% growth estimate for 2015-16 was in line with the projections made by the international financial institutions,” the country director stated.
Zhang said the ADB had invested a lot in the energy sector to support reforms and remove bottlenecks, and it would continue with its heavy investment in the sector.
He said the lender was “overall satisfied with the progress in the energy sector and the government is broadly on track”. The two-year deadline to end load-shedding is realistic but depended on a lot of factors.
The ADB and Pakistan also signed an agreement for a $100 million loan to build the remaining 64km section of the motorway (M-4) connecting Shorkot and Khanewal in Punjab.
Projects under China-Pakistan Economic Corridor
A major chunk ie six (6) coal based power projects of 7920 MW under the CPEC are being facilitated by PPIB. Out of these, three (3) projects of 3300 MW have already started construction and it is anticipated that these projects will start producing much needed megawatts during 2017/18. Three (3) hydro IPPs of 2690 MW generation capacity are being processed by PPIB under the banner of CPEC which are progressing in accordance with the specified timelines.
Alongside Hydro and Coal, the government has also planned to utilise R-LNG for producing affordable power generation in the country in shortest time period. For this purpose, various projects are being processed at different locations of the country. PPIB is facilitating these projects to ensure smooth processing and timely completion. It is anticipated that through PPIB's efforts, more than 4000 MW shall be available by the end of 2018.
The Private Power and Infrastructure Board is endeavouring to meet the targets given and our philosophy is that commitment and sincerity towards ones work is the key to success. We believe that with the passage of time our role will be further strengthened and due to the requirement of private sector resource mobilisation, the share of private sector in power generation will further increase.
In 2016-2017 budget, the following has been allocated to infrastructure projects
Peshawar-Karachi motorway
Rs34bn for Lahore-Abdul Hakeem section
Rs19bn for Multan-Sukkur section
Rs2.5bn for Sukkur-Hyderabad Section
CPEC Western Route
Rs22bn for Burhan-Hakla (DI Khan Motorway)
Rs5bn for Gwadar-Turbat-Hoshab section
Rs4bn for Hoshab-Nag-Basima-Surab section
Rs1.1bn of DI Khan-Mughal Kot section
KKH Realignment
Rs4.6bn has been set aside for the construction of Burhan-Havelian Expressway
Rs16.5bn for Thakot-Havelian
Gwadar
Rs4.7bn has been allocated to East Bay Expressway, Gwadar
Misc Projects
Rs5bn for dualisation of Indus Highway
Rs4.5bn has been allocated for Lowari Tunnel
Rs3bn for the construction of road network of new Islamabad International Airport
Rs2bn for Jaglot-Skardu Road
Attachments
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,926
- Reaction score
- 106
- Country
- Location
The communications ministry and the National Highway Authority (NHA) failed on Monday to give satisfactory answers to the questions raised by the Senate Standing Committee on Communications about construction of the western route of the $46 billion China-Pakistan Economic Corridor (CPEC).
A meeting of the committee, headed by Senator Daud Khan Achakzai, regretted that over Rs50bn had been set aside in last year’s budget for the corridor’s eastern route against an allocation of only Rs3bn for the western route. However, not a single penny was spent on the western route.
The committee noted that an amount of Rs1.2bn had been allocated in the budget for the financial year 2016-17 for the western route while Rs66bn had been earmarked for the eastern route, despite the fact that Rs55bn was required to acquire land for the western route.
An official statement issued by the Senate Secretariat said the communications ministry officials and NHA Chairman Shahid Ashraf Tarar could not give satisfactory replies to the queries of the committee regarding the western route.
The committee observed that not a single penny had been allocated in the budget 2016-17 for western route’s land acquisition, although the prime minister had announced that the agreed 1,674km-long route would be built on a priority basis after a multi-party conference on Jan 15.
The western route comprises areas of Burhan, Hakla, D.I. Khan, Zhob, Quetta, Surab, Besima, Panjgur, Hoshab, Turbat and Gwadar.
The Senate Special Committee on the CEPC had on June 19 also expressed reservations over non-development of the western route and submitted its third report to the upper house.
The Senate standing committee’s chairman said the Chinese ambassador in Pakistan had endorsed the stance of the committee by announcing that it was up to Islamabad to decide priorities regarding the two CPEC routes.
“It seems that the government intentionally wants to fail the CPEC project. It falsely projects that the western route is being given priority but the fact is that no money has been allocated against Rs55bn required for land acquisition,” Mr Achakzai regretted.
The NHA chairman said Rs1.5bn would be spent on Thakot-Havelian road and Rs2.9bn on Multan-Sukkur motorway. Both are CPEC projects.
He said work on Burhan-D.I. Khan and D.I. Khan-Zhob roads will be completed in three months. “A sum of Rs22bn has been allocated for Burhan-D.I. Khan road under the Public Sector Development Programme,” he said.
A meeting of the committee, headed by Senator Daud Khan Achakzai, regretted that over Rs50bn had been set aside in last year’s budget for the corridor’s eastern route against an allocation of only Rs3bn for the western route. However, not a single penny was spent on the western route.
The committee noted that an amount of Rs1.2bn had been allocated in the budget for the financial year 2016-17 for the western route while Rs66bn had been earmarked for the eastern route, despite the fact that Rs55bn was required to acquire land for the western route.
An official statement issued by the Senate Secretariat said the communications ministry officials and NHA Chairman Shahid Ashraf Tarar could not give satisfactory replies to the queries of the committee regarding the western route.
The committee observed that not a single penny had been allocated in the budget 2016-17 for western route’s land acquisition, although the prime minister had announced that the agreed 1,674km-long route would be built on a priority basis after a multi-party conference on Jan 15.
The western route comprises areas of Burhan, Hakla, D.I. Khan, Zhob, Quetta, Surab, Besima, Panjgur, Hoshab, Turbat and Gwadar.
The Senate Special Committee on the CEPC had on June 19 also expressed reservations over non-development of the western route and submitted its third report to the upper house.
The Senate standing committee’s chairman said the Chinese ambassador in Pakistan had endorsed the stance of the committee by announcing that it was up to Islamabad to decide priorities regarding the two CPEC routes.
“It seems that the government intentionally wants to fail the CPEC project. It falsely projects that the western route is being given priority but the fact is that no money has been allocated against Rs55bn required for land acquisition,” Mr Achakzai regretted.
The NHA chairman said Rs1.5bn would be spent on Thakot-Havelian road and Rs2.9bn on Multan-Sukkur motorway. Both are CPEC projects.
He said work on Burhan-D.I. Khan and D.I. Khan-Zhob roads will be completed in three months. “A sum of Rs22bn has been allocated for Burhan-D.I. Khan road under the Public Sector Development Programme,” he said.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,926
- Reaction score
- 106
- Country
- Location
Pakistan working on Gwadar-China oil pipeline
Country will have oil in surplus after Khalifa refinery is set up.
ISLAMABAD: Pakistan is working on a plan to lay an oil pipeline from Gwadar to China for the export of crude and has given the task to state construction firm Frontier Works Organisation, say officials who are aware of the development.
The pipeline will run from Gwadar Port to western China and will allow Beijing to diversify and speed up import of crude oil. Prime Minister Nawaz Sharif had floated the idea of constructing the oil pipeline during a visit to China.
According to the officials, Pakistan would have surplus oil in the future as Pak-Arab Refinery Limited (Parco) has decided to revive the $6-billion Khalifa Refinery project that was shelved by the United Arab Emirates (UAE) during the previous government of Pakistan Peoples Party (PPP).
Parco will set up the refinery in Balochistan that will have the capacity to process 250,000 barrels of crude oil per day. In Parco, the UAE holds 40% shares whereas the government of Pakistan has a 60% stake. China Huanqiu Contracting and Engineering Corporation has also expressed interest in setting up an oil refinery in Pakistan, preferably at Gwadar.
The refining capacity of Byco, Pakistan’s largest refinery, has jumped to 155,000 barrels per day (bpd) after completion of work on its second unit of 120,000 bpd.
Previously, Parco was the biggest refinery with production capacity of 90,000 bpd, followed by National Refinery with 68,000 bpd, Pakistan Refinery with 48,000 bpd and Attock Refinery with 45,000 bpd.
The planned oil pipeline from Gwadar to China could be extended and connected with Iran that has already offered to build a pipeline for the supply of crude oil to Gwadar, the officials say.
Iran had also expressed the intention to set up an oil refinery of 400,000-barrel-per-day capacity at Gwadar Port during the previous PPP government. However, the project could not be pushed ahead because of international sanctions on Tehran and failure to reach an agreement on the proposed incentives.
The project can be implemented in future after the Chinese take operational control of Gwadar Port. Gwadar is quite close to the Persian Gulf from where nearly 40% of the world’s oil passes.
According to the officials, China meets 50% of its oil demand through imports from the Middle East. Oil supplies come via Dubai-Shanghai-Urumqi route covering over 10,000 kilometres.
The crude oil processed and refined in Pakistan can be exported through the shortest possible Dubai-Gwadar-Urumqi route – a distance of about 3,600 km. This can be achieved by laying an oil pipeline through the energy corridor up to western China via Karakoram Highway and Khunjerab Pass.
Hurdles in the way like the high altitude, freezing temperatures and a difficult terrain can be overcome with the help of advance technology.
Country will have oil in surplus after Khalifa refinery is set up.
ISLAMABAD: Pakistan is working on a plan to lay an oil pipeline from Gwadar to China for the export of crude and has given the task to state construction firm Frontier Works Organisation, say officials who are aware of the development.
The pipeline will run from Gwadar Port to western China and will allow Beijing to diversify and speed up import of crude oil. Prime Minister Nawaz Sharif had floated the idea of constructing the oil pipeline during a visit to China.
According to the officials, Pakistan would have surplus oil in the future as Pak-Arab Refinery Limited (Parco) has decided to revive the $6-billion Khalifa Refinery project that was shelved by the United Arab Emirates (UAE) during the previous government of Pakistan Peoples Party (PPP).
Parco will set up the refinery in Balochistan that will have the capacity to process 250,000 barrels of crude oil per day. In Parco, the UAE holds 40% shares whereas the government of Pakistan has a 60% stake. China Huanqiu Contracting and Engineering Corporation has also expressed interest in setting up an oil refinery in Pakistan, preferably at Gwadar.
The refining capacity of Byco, Pakistan’s largest refinery, has jumped to 155,000 barrels per day (bpd) after completion of work on its second unit of 120,000 bpd.
Previously, Parco was the biggest refinery with production capacity of 90,000 bpd, followed by National Refinery with 68,000 bpd, Pakistan Refinery with 48,000 bpd and Attock Refinery with 45,000 bpd.
The planned oil pipeline from Gwadar to China could be extended and connected with Iran that has already offered to build a pipeline for the supply of crude oil to Gwadar, the officials say.
Iran had also expressed the intention to set up an oil refinery of 400,000-barrel-per-day capacity at Gwadar Port during the previous PPP government. However, the project could not be pushed ahead because of international sanctions on Tehran and failure to reach an agreement on the proposed incentives.
The project can be implemented in future after the Chinese take operational control of Gwadar Port. Gwadar is quite close to the Persian Gulf from where nearly 40% of the world’s oil passes.
According to the officials, China meets 50% of its oil demand through imports from the Middle East. Oil supplies come via Dubai-Shanghai-Urumqi route covering over 10,000 kilometres.
The crude oil processed and refined in Pakistan can be exported through the shortest possible Dubai-Gwadar-Urumqi route – a distance of about 3,600 km. This can be achieved by laying an oil pipeline through the energy corridor up to western China via Karakoram Highway and Khunjerab Pass.
Hurdles in the way like the high altitude, freezing temperatures and a difficult terrain can be overcome with the help of advance technology.
ahojunk
RETIRED INTL MOD
- Joined
- Nov 17, 2014
- Messages
- 5,118
- Reaction score
- 6
- Country
- Location
Five-year Gilgit, Xinjiang partnership proposed
Federal minister says CPEC’s success depends on business-to-business, people-to-people contacts
20-Jul-16
ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal said on Wednesday that cooperation between Gilgit-Baltistan and Xinjiang, an autonomous territory in northwest China, can add a new chapter in the China-Pakistan Economic Corridor (CPEC) because of their geographic proximity.
The minister proposed a five-year plan for promoting cooperation and partnership between Gilgit Baltistan and Xinjiang in various fields. “We need to learn from China's development experience of establishing economic zones like the Kashgar economic zone,” he added.
He expressed these views while having a meeting with the Chinese businessmen and stated that economic integration and regional connectivity between Pakistan and Xinjiang was critical for making CPEC a success. He said that CPEC would take this friendship from higher than Himalayas to higher than stars.
He said that regional and economic integration was very significant for the success of the CPEC projects. The federal minister mentioned that Zhnag Chuxian, secretary of the Communist Party of Xinjiang, had a fruitful visit to Pakistan which laid foundation for stronger regional cooperation.
He said that the success of CPEC depends on business-to-business and people-to-people contacts of both the countries. He said that cooperation between Pakistan and China was not an ordinary one but “we also have brotherly relations.” Ahsan said that “We need to develop a very comprehensive roadmap of cooperation” in different sectors between Pakistan and China particularly between the Gilgit Baltistan and Xinjiang.
The minister said that Pakistan-China cooperation would materialise in the form of solid projects and it would add colours to the friendship. He proposed that sports and education could be the possible areas of cooperation between Gilgit and Xinjiang, as this side of the border has very young population.
The minister also proposed that Chinese experts should visit Excellence Centre of Pakistan to create a better understanding of the Chinese Economy in Pakistan. He said that both China and Pakistan are committed and working hard on CPEC projects and all the projects would be completed in the stipulated time.
Yuan Jianmia appreciated the dynamism of the minister for his dedication and commitment with CPEC and supported his proposals, extending full support.
Federal minister says CPEC’s success depends on business-to-business, people-to-people contacts
20-Jul-16
ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal said on Wednesday that cooperation between Gilgit-Baltistan and Xinjiang, an autonomous territory in northwest China, can add a new chapter in the China-Pakistan Economic Corridor (CPEC) because of their geographic proximity.
The minister proposed a five-year plan for promoting cooperation and partnership between Gilgit Baltistan and Xinjiang in various fields. “We need to learn from China's development experience of establishing economic zones like the Kashgar economic zone,” he added.
He expressed these views while having a meeting with the Chinese businessmen and stated that economic integration and regional connectivity between Pakistan and Xinjiang was critical for making CPEC a success. He said that CPEC would take this friendship from higher than Himalayas to higher than stars.
He said that regional and economic integration was very significant for the success of the CPEC projects. The federal minister mentioned that Zhnag Chuxian, secretary of the Communist Party of Xinjiang, had a fruitful visit to Pakistan which laid foundation for stronger regional cooperation.
He said that the success of CPEC depends on business-to-business and people-to-people contacts of both the countries. He said that cooperation between Pakistan and China was not an ordinary one but “we also have brotherly relations.” Ahsan said that “We need to develop a very comprehensive roadmap of cooperation” in different sectors between Pakistan and China particularly between the Gilgit Baltistan and Xinjiang.
The minister said that Pakistan-China cooperation would materialise in the form of solid projects and it would add colours to the friendship. He proposed that sports and education could be the possible areas of cooperation between Gilgit and Xinjiang, as this side of the border has very young population.
The minister also proposed that Chinese experts should visit Excellence Centre of Pakistan to create a better understanding of the Chinese Economy in Pakistan. He said that both China and Pakistan are committed and working hard on CPEC projects and all the projects would be completed in the stipulated time.
Yuan Jianmia appreciated the dynamism of the minister for his dedication and commitment with CPEC and supported his proposals, extending full support.
ohmrlobalobayeh
SENIOR MEMBER
- Joined
- Mar 24, 2012
- Messages
- 3,388
- Reaction score
- -23
- Country
- Location
Pakistan is already the 6th nation with the most population. There is no reason why she would'nt be able to achieve greatness on the world map.
1)mass construction of infrastructure in the entire coastal belt
2)development in the middle tract of the country up north starting from Karachi area in a corridor towards Islamabad and the North
3)Give women more rights- promote theological secularism.
4)Promote Meritocracy. achieve >95% literacy. Ensure minimum level of education for everyone. Increase numbers of degree holders.
"妇女能顶半边天" -Mao Zedong (Women hold up half the sky)
= gradual switch to developed nation status.
= more toys for the armed forces.
= more fear from adversaries.
1)mass construction of infrastructure in the entire coastal belt
2)development in the middle tract of the country up north starting from Karachi area in a corridor towards Islamabad and the North
3)Give women more rights- promote theological secularism.
4)Promote Meritocracy. achieve >95% literacy. Ensure minimum level of education for everyone. Increase numbers of degree holders.
"妇女能顶半边天" -Mao Zedong (Women hold up half the sky)
= gradual switch to developed nation status.
= more toys for the armed forces.
= more fear from adversaries.
Last edited:
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,926
- Reaction score
- 106
- Country
- Location
Eastern Alignment
N25 Gwadar - Karachi National Highway (Makran Coastal Highway)
M9 Karachi - Hyderabad Motorway
M6 Hyderabad - Sukkur Motorway
M5 Sukkur - Multan Motorway
M? Multan - Lahore Motorway
M2 Lahore - Rawalpindi Motorway
M1 Rawalpindi - Peshawar Motorway (interchange at Hasanabdal)
E35 Hasanabdal - Mansehra Expressway (Hazara Expressway)
N35 Mansehra - Kashgar National Highway (Karakoram Highway)
ahojunk
RETIRED INTL MOD
- Joined
- Nov 17, 2014
- Messages
- 5,118
- Reaction score
- 6
- Country
- Location
Stumbled on this CPEC related news from a China website.
--------
China, Pakistan to further strengthen cooperation
2016-08-11 15:54 | chinadaily.com.cn | Editor: Xu Shanshan
Opening ceremony of the Silk Road Economic Belt–Xinjiang Karamay Forum is held in Karamay, Xinjiang Region, Aug 9, 2016. (Photo provided to chinadaily.con.cn)
Cooperation between China and Pakistan under the framework of China-Pakistan economic corridor has been further strengthened during the on-going Silk Road Economic Belt–Xinjiang Karamay Forum held in Karamay of Xinjiang Uygur autonomous region.
"The China-Pakistan economic corridor is the flagship project of the 'One belt and one road' Initiative proposed by President Xi Jinping. And it will benefit people of both China and Pakistan."said Mushahid Hussain Sayed, senator of Pakistan and chairman of coordination commission of China-Pakistan economic corridor.
The China-Pakistan economic corridor, initiated by Premier Li Keqiang during his visit to Pakistan in May 2013, is built to enforce mutual communication and promote joint development of both countries.
Speaking highly of the "Belt and Road" Initiative, Sayed places high hopes on the prospect of his country's cooperation with China.
"The balance of the economic and political power has shifted from the west to the east and the 21st century is Asia's century. The 'Belt and Road' Initiative will change the fate of Asian people."he said, hoping this year's forum could offer a bigger cooperation platform for both countries to strengthen the win-win relations.
Sayed also expressed his gratitude to the Research and Development International, Chinese Academy of Social Sciences (CASS-RDI) for providing substantial services to enterprises and organizations participating in the construction of the economic corridor.
According to Zhao Baige, chairwoman of the Advisory Committee of CASS-RDI, a total of 73 cooperative projects have been dealt between her organization and Pakistan, involving areas from infrastructure, energy, agriculture to trade and finance.
"As a major organizer and promoter of the forum, RDI is aimed to push forward practical cooperation among countries along the Belt and Road by integrating resources of government, parliament, social organization, think tank, enterprises and media."said Zhao.
Sponsored by the government of Xinjiang Uygur autonomous region and the Chinese Academy of Social Sciences, the Karamay Forum has attracted around 500 leading figures from the Chinese, Pakistani, Iranian and Kazakhstan governments, enterprises and think-tanks.
--------
China, Pakistan to further strengthen cooperation
2016-08-11 15:54 | chinadaily.com.cn | Editor: Xu Shanshan
Cooperation between China and Pakistan under the framework of China-Pakistan economic corridor has been further strengthened during the on-going Silk Road Economic Belt–Xinjiang Karamay Forum held in Karamay of Xinjiang Uygur autonomous region.
"The China-Pakistan economic corridor is the flagship project of the 'One belt and one road' Initiative proposed by President Xi Jinping. And it will benefit people of both China and Pakistan."said Mushahid Hussain Sayed, senator of Pakistan and chairman of coordination commission of China-Pakistan economic corridor.
The China-Pakistan economic corridor, initiated by Premier Li Keqiang during his visit to Pakistan in May 2013, is built to enforce mutual communication and promote joint development of both countries.
Speaking highly of the "Belt and Road" Initiative, Sayed places high hopes on the prospect of his country's cooperation with China.
"The balance of the economic and political power has shifted from the west to the east and the 21st century is Asia's century. The 'Belt and Road' Initiative will change the fate of Asian people."he said, hoping this year's forum could offer a bigger cooperation platform for both countries to strengthen the win-win relations.
Sayed also expressed his gratitude to the Research and Development International, Chinese Academy of Social Sciences (CASS-RDI) for providing substantial services to enterprises and organizations participating in the construction of the economic corridor.
According to Zhao Baige, chairwoman of the Advisory Committee of CASS-RDI, a total of 73 cooperative projects have been dealt between her organization and Pakistan, involving areas from infrastructure, energy, agriculture to trade and finance.
"As a major organizer and promoter of the forum, RDI is aimed to push forward practical cooperation among countries along the Belt and Road by integrating resources of government, parliament, social organization, think tank, enterprises and media."said Zhao.
Sponsored by the government of Xinjiang Uygur autonomous region and the Chinese Academy of Social Sciences, the Karamay Forum has attracted around 500 leading figures from the Chinese, Pakistani, Iranian and Kazakhstan governments, enterprises and think-tanks.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,926
- Reaction score
- 106
- Country
- Location
Govt grants concessions to two Chinese companies on CPEC projects
ISLAMABAD: The government on Thursday approved further tax concessions for two infrastructure projects of the China-Pakistan Economic Corridor by relaxing the construction machinery definition but deferred a decision on reducing re-lending rates on loans obtained for two nuclear power plants.
The Economic Coordination Committee (ECC) of the cabinet, which met with Finance Minister Ishaq Dar chairing proceedings, approved tax exemptions for two Chinese firms – the China State Construction Company Engineering Company (CSCEC) and the China Communication Construction Company (CCCC) – that are working on two infrastructure projects.
The ECC took these decisions on the day Supreme Court of Pakistan barred the government from taking decisions on fiscal matters without the approval of the federal cabinet. The ECC on Thursday changed the definition of construction machinery by including dumpers and special purpose motor vehicles to give more benefits to the Chinese firms.
The fresh exemptions are over and above Rs33 billion tax benefits that the ECC extended to these companies last month.
The Chinese firms are working on Sukkur-Multan section of the Lahore-Karachi motorway and Thakot-Havelian section of the Karakoram Highway under the CPEC. The exemptions have been given under the Framework Agreement the two countries had signed when Chinese President Xi Jinping visited Pakistan last year. Like last time, the Finance Minister had given anticipatory approval to waiving duties and taxes in his capacity as chairperson of the ECC on August 3.
The ECC just stamped the Finance Minister’s earlier decision. In its summary, the Ministry of Communication had sought urgent decision on inclusion of dumpers and special purpose motor vehicles on the grounds that 400 articles of construction machinery and equipment were lying on the port waiting for exempted clearance and 200 more would soon arrive.
The Federal Board of Revenue on Thursday issued a notification to exempt these two companies from the levy of withholding tax – the third such notification. The government has already issued notifications for giving effect to sales tax and custom duties exemptions.
PAEC re-lending rates
The ECC deferred a decision on a request of Pakistan Atomic Energy Commission (PAEC) to reduce re-lending rates that the federal government was charging on the loans that it obtained from China for construction of Chashma Nuclear power plant, CIII and CIV.
Pakistan approves massive tax exemptions for Gwadar port operators
The government obtained these loans at an average rate of 3.18% but re-loaned to PAEC at 15% like all other departments and provinces. The 15% rate included exchange rate loss risk. However, the ECC deferred the decision, as the government was in the process of finalising new re-lending policy.
ISLAMABAD: The government on Thursday approved further tax concessions for two infrastructure projects of the China-Pakistan Economic Corridor by relaxing the construction machinery definition but deferred a decision on reducing re-lending rates on loans obtained for two nuclear power plants.
The Economic Coordination Committee (ECC) of the cabinet, which met with Finance Minister Ishaq Dar chairing proceedings, approved tax exemptions for two Chinese firms – the China State Construction Company Engineering Company (CSCEC) and the China Communication Construction Company (CCCC) – that are working on two infrastructure projects.
The ECC took these decisions on the day Supreme Court of Pakistan barred the government from taking decisions on fiscal matters without the approval of the federal cabinet. The ECC on Thursday changed the definition of construction machinery by including dumpers and special purpose motor vehicles to give more benefits to the Chinese firms.
The fresh exemptions are over and above Rs33 billion tax benefits that the ECC extended to these companies last month.
The Chinese firms are working on Sukkur-Multan section of the Lahore-Karachi motorway and Thakot-Havelian section of the Karakoram Highway under the CPEC. The exemptions have been given under the Framework Agreement the two countries had signed when Chinese President Xi Jinping visited Pakistan last year. Like last time, the Finance Minister had given anticipatory approval to waiving duties and taxes in his capacity as chairperson of the ECC on August 3.
The ECC just stamped the Finance Minister’s earlier decision. In its summary, the Ministry of Communication had sought urgent decision on inclusion of dumpers and special purpose motor vehicles on the grounds that 400 articles of construction machinery and equipment were lying on the port waiting for exempted clearance and 200 more would soon arrive.
The Federal Board of Revenue on Thursday issued a notification to exempt these two companies from the levy of withholding tax – the third such notification. The government has already issued notifications for giving effect to sales tax and custom duties exemptions.
PAEC re-lending rates
The ECC deferred a decision on a request of Pakistan Atomic Energy Commission (PAEC) to reduce re-lending rates that the federal government was charging on the loans that it obtained from China for construction of Chashma Nuclear power plant, CIII and CIV.
Pakistan approves massive tax exemptions for Gwadar port operators
The government obtained these loans at an average rate of 3.18% but re-loaned to PAEC at 15% like all other departments and provinces. The 15% rate included exchange rate loss risk. However, the ECC deferred the decision, as the government was in the process of finalising new re-lending policy.
Army research
FULL MEMBER
- Joined
- Jul 8, 2016
- Messages
- 1,628
- Reaction score
- 0
- Country
- Location
How much will Pakistan budget or revenue increase by say 2028 due to cpec
Viper0011.
SENIOR MEMBER
- Joined
- Jul 15, 2011
- Messages
- 7,253
- Reaction score
- 26
- Country
- Location
Defense budget? It's expected to hit $ 16 billion by 2018-2019, another jump to $ 20 billion by 2022 and by 2025, they expect Pakistan to be the top 15th economy with a defense budget of $ 25-30 billion. Of course, these estimated are subjected to continuous growth of the economy, political stability and expected return from all economic related activity.
But I can easily see a $ 16-20 billion budget in the next four years (on par or slightly above Turkey's defense budget). Pakistan's current budget for defense is running around $ 10 billion and due to various operations going on against terrorists in FATA, a couple of billions are allocated additionally. So already direct and indirect budget is $ 10-13 billion. Now add growth of $ 4-5 billion with 4-6% GDP growth over the next 3 years, a $ 3-4 billion increase isn't that big.
Similar threads
