Khyber Pakhtunkhwa inks deals worth $20bn with Chinese companies

[ghazi52]

Khyber Pakhtunkhwa inks deals worth $20bn with Chinese
https://www.dawn.com/news/1318237/khyber-pakhtunkhwa-inks-deals-worth-20bn-with-chinese-companies
Khyber Pakhtunkhwa government on Friday signed agreements with Chinese investment companies for development schemes worth $20 billion.

"Today we started a new era of progress and prosperity in the province," said Khyber Pakhtunkhwa Chief Minister Pervez Khattak while speaking at the signing ceremony.

The chief minister added that apart from Chinese companies, other countries are being invited to invest in the province.

"The China-Pakistan Economic Corridor (CPEC) passes through Khyber Pakhtunkhwa and it will usher in a new era of prosperity," added Khattak.

Khattak also said the work on the projects will be started soon and provincial institutions have been instructed in this regard.

The signing ceremony included the higher management of Heritage Resource International, China Railway Corporation and other Chinese companies.

The agreements signed today include a $1.5bn oil refinery, uplift and irrigation schemes worth $2bn and $7bn worth of hydro-electric schemes which will start production of electricity by 2020.

Construction of international airports in Swabi and Dera Ismail Khan, in accordance with Civil Aviation directives, are also included in the agreements signed today. A motorway from Chitral to Dera Ismail Khan will also be built at a cost of $2bn.

Smart and safe city projects worth $2bn are also included in the agreements signed by the provincial government.

 

[ghazi52]

 

[ABCharlie]

I am a critic of many things PTI does but I think they are doing an excellent job in milking the CPEC opportunity for their province. CM Khattak is very active nowadays in these matters.

 

[Jinn Baba]

But isn't CPEC Punjab centric? Aren't loans bad anymore? Didn't PTI do everything possible to sabotage CPEC?

 

[ghazi52]

This is nothing to do with CPEC.

 

[LA se Karachi]

Great news. Glad to see things coming to fruition in KPK.

 

[Jinn Baba]

This is nothing to do with CPEC.

Of course not. The Chinese were enticed purely by PTI's dharna organising abilities to invest in KP.

""The China-Pakistan Economic Corridor (CPEC) passes through Khyber Pakhtunkhwa and it will usher in a new era of prosperity," added Khattak."

 

[Kabira]

$20 billion is huge amount, game changing for KPK if work on projects start quickly.

 

[Mrc]

From a great critic of pti... i would say well done... this is what u shud hve been doing instead of dharnas and panama leaks...

Imagine if this was done 2 years ago and projects were nearing completion... any ways great going

 

[Salahuddin Ayyubi]

From a great critic of pti... i would say well done... this is what u shud hve been doing instead of dharnas and panama leaks...

Imagine if this was done 2 years ago and projects were nearing completion... any ways great going

Instead of Panama leaks?. The whole world took action against Panama leaks and u r bashing PTI for leading the investigation for the Panama leaks?. It must be difficult trying to justify ur master's Qatari letters on this forum. Mariam baji doesn't pay u enough.

 

[Clutch]

Khyber Pakhtunkhwa government on Friday signed agreements with Chinese investment companies for development schemes worth $20 billion.

"Today we started a new era of progress and prosperity in the province," said Khyber Pakhtunkhwa Chief Minister Pervez Khattak while speaking at the signing ceremony.

The chief minister added that apart from Chinese companies, other countries are being invited to invest in the province.

"The China-Pakistan Economic Corridor (CPEC) passes through Khyber Pakhtunkhwa and it will usher in a new era of prosperity," added Khattak.

khattak also said the work on the projects will be started soon and provincial institutions have been instructed in this regard.

The signing ceremony included the higher management of Heritage Resource International, China Railway Corporation and other Chinese companies.

The agreements signed today include a $1.5bn oil refinery, uplift and irrigation schemes worth $2bn and $7bn worth of hydro-electric schemes which will start production of electricity by 2020.

Construction of international airports in Swabi and Dera Ismail Khan, in accordance with Civil Aviation directives, are also included in the agreements signed today. A motorway from Chitral to Dera Ismail Khan will also be built at a cost of $2bn.

Smart and safe city projects worth $2bn are also included in the agreements signed by the provincial government.

 

[Clutch]

If things continue to go the way they are in KP... I think KP will be one of the most socially economically advanced province of pakistan... well done gov of KP... i am loving all the micro social economic uplift programs... now take it to the next level!

 

[Mrc]

Instead of Panama leaks?. The whole world took action against Panama leaks and u r bashing PTI for leading the investigation for the Panama leaks?. It must be difficult trying to justify ur master's Qatari letters on this forum. Mariam baji doesn't pay u enough.

don't force me to open my mouth ... for the first time in life I am praising pti here

 

[Kabira]

Prime Minister Nawaz Sharif on Friday laid the foundation stone of the Kurram Tangi Dam in North Waziristan, Radio Pakistan reported.

While addressing the gathering after laying the foundation stone, the prime minister termed the dam as beginning of a new era in North Waziristan saying “it symbolises the end of an era of fear”.

The development comes a day after the federal cabinet approved recommendations put forth by a reforms committee to bring the Federally Administered Tribal Areas (Fata) in to the mainstream.

“You are aware that this change has not come all of a sudden, but a lot of sacrifices were rendered to achieve this,” the premier said.

The development of Fata has always been part of our agenda and we have initiated programmes to this effect, added the premier.

Nawaz expressed hope that the internally displaced people will return to their homes by the end of this year.

“The Kurram Tangi Dam project will cost Rs23 billion and will be completed in two phases. The first phase will be funded by US Aid while the expenses for the second phase will be covered by the government,” announced Nawaz.

The dam, which will produce 83.4 megawatts of electricity. The first phase is expected to be completed in two years.

Kurram Tangi Dam is a low-cost project with the capacity to store an ample amount of water and will help in reducing flooding in the surrounding areas.

"It will also help overcome floods in the area besides bringing socio-economic improvement in the area," read the statement issued by the state-broadcaster.

The project will also irrigate vast areas in North Waziristan and Khyber Pakhtunkhwa.
https://www.dawn.com/news/1318172

 

[Imad.Khan]

Good. Pakistan needs as many dams and reservoirs as posdible. Water resources are getting scarce and any steps taken towards addressing this issue will be welcomed