CPEC enhancing future of investment in Pakistan
Shakeel Ahmad Ramay, a political-economist writes that CPEC and its Chinese investment have been a target of ongoing propaganda, despite bringing prosperity to the country. He highlights that CPEC has given a boost to the energy sector, and put an end to load shedding, while also creating job opportunities. Ramay also mentions that with such a large investment, China remains the biggest investor in the country. He also clarifies that concerns on debt crises are also wrongly founded as debt servicing to Western Institutions like World Bank and IMF still cost the government much more. He also mentions that Fourth, CPEC-related investment also helped Pakistan to improve the transport infrastructure. Owing to NATO supply through Pakistan, the road infrastructure was in a bad shape and Pakistan was in dire need of investment. The investment from China has also provided a chance to Pakistan to rehabilitate and build new infrastructure.
As work on Western alignment of China Pakistan Economic Corridor is in full swing, the incumbent government has initiated eleven new road projects under the CPEC.
According to official sources in the CPEC Authority, two new projects worth 314 billion rupees were added to the CPEC in the meeting of 10th Joint Coordination Committee on CPEC.
Out of the new projects, PC-I of 29 kilometers Dir-Chakdara Motorawy has been approved and it would be completed within two years at a cost of 38 billion rupees.
Similarly the 360 kilometers Peshawar-D.I.Khan motorway has also been included in the CPEC which is expected to be completed within four years at a cost of 276 billion rupees.
The sources said among the projects initiated by the current government also include the 331 kilometer Zhob-Quetta road which is expected to be completed at a cost of 63 billion rupees.
The PC-I of another project Quetta-Khuzdar road has also been approved which is 330 kilometer long and is estimated to be completed at a cost of 81 billion rupees.
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