World Bank lauds CPEC for unlocking vast opportunities and economic growth in Pakistan

[etylo]

World Bank lauds CPEC for unlocking vast opportunities and economic growth in Pakistan​

March 9, 2023




The World Bank has acknowledged that the China Pakistan Economic Corridor (CPEC) presents significant opportunities for Pakistan. Through its implementation, CPEC has acted as a critical economic catalyst for Pakistan, providing essential development initiatives that are transforming its infrastructure, energy, exports, trade, transportation, agriculture, employment, medicine, information technology, mobile technology, and other sectors. CPEC’s achievements have earned it recognition in the World Bank Report titled “The Web of Transport Corridors in South Asia.”

ISLAMABAD: China Pakistan Economic Corridor (CPEC) is recognized by World Bank as offering enormous opportunities to Pakistan.
It has proved itself as a vital economic tonic to Pakistan by administrating those development booster shots that are revamping its infrastructure, energy, export, trade, transportation, agriculture, employment, medicine, Information Technology, mobile technology and many more, according to a report carried by Gwadar Pro on Wednesday.

With these booster shots, during the last 10 years, more than 30 projects generating direct and indirect 200,000 jobs have been completed and more are in different phases of development, setting a tone for sustainable economic progress. Besides, more than 6,000 MW of electricity has been injected into the national grid, 809 kilometers of highway have been built and 886 kilometers of transmission lines have been installed first time in the history of Pakistan.

CPEC has also earned recognition from the World Bank Report entitled “The Web of Transport Corridors in South Asia”.

“With investments in road, railways and ports, the $60 billion China-Pakistan Economic Corridor (CPEC) offers enormous potential for Pakistan to boost its economy, reduce poverty, spread benefits widely and help those likely to be affected by the new trade route,” the World Bank Report says.

CPEC has to be analyzed as per its impacts and performance setting aside traditional prejudices. One thing that must be kept in mind by doomsayers is that CPEC is not a remedy for governance weaknesses, system hiccups, political instability, bureaucratic red-tapism, and corruption. Such hideous dynamics are the creeping root cause behind Pakistan’s limping economy.

Since its inception ten years ago, CPEC has transformed Pakistan’s infrastructural landscape. According to the Ministry of Energy, by October 2022, 11 projects with a total capacity of over 6,370 MW have been completed, and an HVDC Transmission Line of 880 km has been constructed.

Three more projects with a capacity of around 1,200 MW are expected to be completed within 2023-24. Most recently, the 1,320 MW Thar Coal Block-I has started commercial operations.

In addition to the completed projects under CPEC, several other projects are under process, which will further boost Pakistan’s energy infrastructure. The 884MW Suki Kinari Hydropower Project in Khyber Pakhtunkhwa has already completed 70% of the work.

The Kohala Hydropower Project in Azad Jammu and Kashmir, with a capacity of 1,124 MW, the Azad Pattan Hydropower Project with a capacity of 700.7 MW, and the Cacho Wind Power Project with a capacity of 50 MW are also under process.

The Western Energy (Pvt.) Ltd. Wind Power Project is another project in process, with a capacity of 50 MW. These projects will help increase the country’s renewable energy capacity, providing clean and cheap energy to the people.

Once completed, these projects will add a significant amount of electricity to the national grid, reducing the country’s dependence on imported fuel.
Moreover, CPEC has also helped Pakistan upgrade its transportation infrastructure. The Peshawar-Karachi Motorway (Multan-Sukkur Section), Hakla – D.I Khan Motorway, and the Orange Line Metro Train in Lahore are some of the infrastructure projects completed under CPEC. The KKH Phase II (Havelian – Thakot Section) has also been completed, which has received international recognition.

World Bank lauds CPEC for unlocking vast opportunities and economic growth in Pakistan - China Pakistan Economic Corridor

World Bank lauds CPEC for unlocking vast opportunities and economic growth in Pakistan

cpecinfo.com

 

[SoulSpokesman]

@etylo

Both you and the World Bank have a wicked sense of humour!

Regards

 

[etylo]

HaHa, why would US controlled World Bank praise CPEC is good for Pakistan ? aren't US and its agencies saying that CPEC is a Chinese "debt trap" for Pakistan all the time ?

 

[etylo]

@etylo

Both you and the World Bank have a wicked sense of humour!

Regards

Of course, to the dismay of you loser Indians that are cursing on the projects in your Hindu curse.

 

[SoulSpokesman]

@etylo

The link that you gave reference to a WB report in March 2018. A lot of water has flown down the Indus since then.

Regards

 

[etylo]

@etylo

The link that you gave reference to a WB report in March 2018. A lot of water has flown down the Indus since then.

Regards

To you Indians and Americans, its all the same from the beginning of the CPEC, its all Chinese "debt trap". The link is from Pakistani website.

 

[SoulSpokesman]

@etylo

The link is from Pakistani website.

So it seems. But it quotes a WB report dated March 2018. We know of course what growth it has unlocked since then.

Regards

 

[etylo]

@etylo

The link is from Pakistani website.

So it seems. But it quotes a WB report dated March 2018. We know of course what growth it has unlocked since then.

Regards

Can't blame everything bad happened in Pakistan on CPEC, it's not responsible for the country's bad economic performance. There are too many crucial international and internal factors such as high inflation due to US printing large amount money and the raising of high interest rates by US banks, energy and grain high price crises due to Ukraine war, and Pakistan's political turmoil. Your Indian trick of blaming hard time in Pakistan on CPEC is laughable, but not surprising.

 

[PeterboroughAli]

World Bank lauds CPEC for unlocking vast opportunities and economic growth in Pakistan​

March 9, 2023




The World Bank has acknowledged that the China Pakistan Economic Corridor (CPEC) presents significant opportunities for Pakistan. Through its implementation, CPEC has acted as a critical economic catalyst for Pakistan, providing essential development initiatives that are transforming its infrastructure, energy, exports, trade, transportation, agriculture, employment, medicine, information technology, mobile technology, and other sectors. CPEC’s achievements have earned it recognition in the World Bank Report titled “The Web of Transport Corridors in South Asia.”

ISLAMABAD: China Pakistan Economic Corridor (CPEC) is recognized by World Bank as offering enormous opportunities to Pakistan.
It has proved itself as a vital economic tonic to Pakistan by administrating those development booster shots that are revamping its infrastructure, energy, export, trade, transportation, agriculture, employment, medicine, Information Technology, mobile technology and many more, according to a report carried by Gwadar Pro on Wednesday.

With these booster shots, during the last 10 years, more than 30 projects generating direct and indirect 200,000 jobs have been completed and more are in different phases of development, setting a tone for sustainable economic progress. Besides, more than 6,000 MW of electricity has been injected into the national grid, 809 kilometers of highway have been built and 886 kilometers of transmission lines have been installed first time in the history of Pakistan.

CPEC has also earned recognition from the World Bank Report entitled “The Web of Transport Corridors in South Asia”.

“With investments in road, railways and ports, the $60 billion China-Pakistan Economic Corridor (CPEC) offers enormous potential for Pakistan to boost its economy, reduce poverty, spread benefits widely and help those likely to be affected by the new trade route,” the World Bank Report says.

CPEC has to be analyzed as per its impacts and performance setting aside traditional prejudices. One thing that must be kept in mind by doomsayers is that CPEC is not a remedy for governance weaknesses, system hiccups, political instability, bureaucratic red-tapism, and corruption. Such hideous dynamics are the creeping root cause behind Pakistan’s limping economy.

Since its inception ten years ago, CPEC has transformed Pakistan’s infrastructural landscape. According to the Ministry of Energy, by October 2022, 11 projects with a total capacity of over 6,370 MW have been completed, and an HVDC Transmission Line of 880 km has been constructed.

Three more projects with a capacity of around 1,200 MW are expected to be completed within 2023-24. Most recently, the 1,320 MW Thar Coal Block-I has started commercial operations.

In addition to the completed projects under CPEC, several other projects are under process, which will further boost Pakistan’s energy infrastructure. The 884MW Suki Kinari Hydropower Project in Khyber Pakhtunkhwa has already completed 70% of the work.

The Kohala Hydropower Project in Azad Jammu and Kashmir, with a capacity of 1,124 MW, the Azad Pattan Hydropower Project with a capacity of 700.7 MW, and the Cacho Wind Power Project with a capacity of 50 MW are also under process.

The Western Energy (Pvt.) Ltd. Wind Power Project is another project in process, with a capacity of 50 MW. These projects will help increase the country’s renewable energy capacity, providing clean and cheap energy to the people.

Once completed, these projects will add a significant amount of electricity to the national grid, reducing the country’s dependence on imported fuel.
Moreover, CPEC has also helped Pakistan upgrade its transportation infrastructure. The Peshawar-Karachi Motorway (Multan-Sukkur Section), Hakla – D.I Khan Motorway, and the Orange Line Metro Train in Lahore are some of the infrastructure projects completed under CPEC. The KKH Phase II (Havelian – Thakot Section) has also been completed, which has received international recognition.

World Bank lauds CPEC for unlocking vast opportunities and economic growth in Pakistan - China Pakistan Economic Corridor

World Bank lauds CPEC for unlocking vast opportunities and economic growth in Pakistan

cpecinfo.com

Inshallah future will be bright

 

[Rollno21]

If the alleged billions spent on CPEC actually reached Pakistan, then it did not have to run around for dollars today.

 

[Skull and Bones]

Congratulations to Pakistan, but saare dollars naalio se beh gaye.

 

[etylo]

If the alleged billions spent on CPEC actually reached Pakistan, then it did not have to run around for dollars today.

What is your fool's logic ? The billions spent on CPEC are for buildings infras, port, factories and energy projects. Pakistan's financial problem today is due to other international and internal problems, nothing to do with CPEC. Don't make dumb nonsense comment.

 

[Burger_King]

"The world is undergoing profound changes unseen in a century, but time and situation are in our favor."

Changes Unseen in a Century – China Focus

As President Xi Jinping noted in a speech: 'The world is undergoing profound changes unseen in a century, but time and situation are in our favor.'

www.cnfocus.com

Posted above is a quote from recent speech by President Xi.

Assuming we agree on the comment, what do the developments mean for Pakistan?

I believe the situation is similar to what our elders faced in 1857 after the defeat of the uprising. Back then, our ashraafiya experienced a loss of status because the world they operated in suddenly collapsed. The world I am referring to is the world that was created by the spread of Persian high culture. Sir Syed was a product of this world and so was Ghalib who tragically had to bow in front of low level gora affsers in order to collect his pension.

Sir Syed's response to the momentous changes was to argue that ashraafiya should shift secular qibla from Central Asia to Western Europe. Sir Syed received opprobrium from traditionalists but he pressed on with an energy that seems barely plausible. He published journals, founded numerous tanzeems and created educational institutions which were designed to assist the ashrafiya in navigating in the new world. Must have been difficult for our ancestors as shift from Persian to English would have been damned hard. Yet here we are communicating in English. One of the tanzeems that Sir Syed created was Muhammadan (sic) Education Conference which in turn gave birth to Muslim League. This fact is ironic because education is shoba which is completely ignored in Pak.

I believe with rise of China, and given betrayal by the west who sponsor murderous thugs in Pakistan, we should shift our secular qibla from the West towards the East which is the rising power similar to where England stood in 1857. Change will not be easy and there will be opposition from the tradionalists who have undertaken RCO precisely to protect the interest of gora masters. For elite the change will be be difficult but awam will adapt much more easily than during the Raj.

Pak is not occupied by China so awam will not have to deal with sense of inferiority when shifting focus. Second, China is a benign power which is willing to help Pakistan. It is for precisely this reason that Chinese citizens have been targeted in Pak. Data also indicates that middle class Pakistanis have gone to China in record numbers for education. The other advantage Pakistan will have is that India will never accept China's rise. This is complete reversal of post 1857 world where hindus had a head-start because they accepted gora hegemony without a whimper.

The path forward is clear. We now wait for Sir Syed.

 

[SoulSpokesman]

@Burger_King

India will never accept China's rise.

You are wrong on this. The Hindu accepted Islamic rule and learned Persian. They accepted British rule and learnt English. If necessary they will accept Han suzerainty and learn Mandarin as well.

You may have heard what our Hon EAM Dr SJ (who I understand is much respected by IK and youthias) said- "PRC is much richer and powerful than us and we cant pick up a fight with them" or something to that effect.

The rest of your post is also quite profound (as always), will come back to that later.

Regards

 

[Laozi]

What is your fool's logic ? The billions spent on CPEC are for buildings infras, port, factories and energy projects. Pakistan's financial problem today is due to other international and internal problems, nothing to do with CPEC. Don't make dumb nonsense comment.

You guys better start generating revenue from the Infra which was created using billions.

You know spending using credit card is easy. Paying back sometimes become a nuisance.

Regards