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Latest News - August 28, 2020

CPEC is moving forward with huge investment from China

Chairman CPEC Authority Lt. General ® Asim Saleem Bajwa has refuted the news of financial hindrances in execution of CPEC linked projects and said the news published against CPEC is totally baseless and unfounded. Chairman informed that three major projects of worth 10.9 billion were signed under CPEC in 2 months. It clearly expresses the commitment shown by both Chinese and Pakistani governments and their private sectors including banks in both the countries towards CPEC.

ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Information and Broadcasting and Chairman China-Pakistan Economic Corridor (CPEC) Authority, Asim Saleem Bajwa said that 3 major projects worth 10.9 billion signed under CPEC in 2 months with China.

In a tweet today (Thursday), Asim Bajwa said that “ The News published in daily Business Recorder on 26 August captioned “CPEC hits financial Snag?” is totally baseless and unfounded. During last 2 months, the largest single project under #CPEC, ML-1, envisaging total reform of Pakistan Railway and Kohala (1124MW)& Azad Patan (700MW) Hydel projects amounting $ 10.9$ Billions have been signed/committed, which clearly expresses the commitment shown by both Chinese&Pakistani Governments &their private sectors including Banks in both the countries.

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