CPEC Projects Are Progressing With Fast Pace During Tenure Of The Incumbent Government: Minister PD&SI Asad Umar
Karachi April 4,2021; Federal Minister for Planning & Development Asad Umar Sunday said the projects under China Pakista
Karachi April 4,2021; Federal Minister for Planning & Development Asad Umar Sunday said the projects under China Pakistan Economic Corr
Speech by Umaier, Minister of Federal Planning and Development of Pakistan
Umaier stated that China-Pakistan relations and corridor projects are progressing rapidly during the current government's administration. As CPEC enters a stage of high-quality development, industrial park cooperation is one of the key areas. Today, the first batch of machinery and equipment (13 containers) required for the construction of steel in the century arrived at Karachi Port, which not only has a milestone significance for the cooperation between Pakistan and China in industrial and economic parks, but also further enriches the connotation of Pakistan-China friendly cooperation. The project has an investment of 240 million U.S. dollars and an annual output of 1.5 million tons of various steel products. It will be completed in three phases. During the construction period and after it is put into production, more than 600 and 1,000 jobs will be created for the local area respectively.
