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CPEC projects worth 25 Billion $ are completed in Pakistan

CPEC projects worth 25 Billion $ are completed in Pakistan

CPEC projects total 25 billion dollars complete in Pakistan. Pakistan completes 25-billion-dollar projects under CPEC Pakistan’s Caretaker Prime Minister Anwarul Haq Kakar has said that his country has completed more than 50 projects worth $25 billion under the China-Pakistan Economic Corridor (CPEC). Caretaker Prime Minister Anwarul Haq Kakar made this statement while addressing the Belt and Road Forum in Beijing. CPEC is a flagship project under China’s ‘Belt and Road Initiative’, which will invest more than $65 billion to develop roads, railways, and other infrastructure in Pakistan, a South Asian nation of 241 million people. It was promised.

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Southwest Gwadar Port

Anwar-ul-Haq Kakar said, “We have complete more than 50 projects. Worth 25 billion dollars under CPEC,” adding that a very important airport with Chinese investment at the southwest Gwadar port has built. Under construction, which will be inaugurate soon. Gwadar port is locate near the Strait of Hormuz and is a major oil shipping route in the Arabian Sea. The Beijing government has invest heavily in the mineral-rich province of Baluchistan, and the development of the deep-water port of Gwadar is underway.

Belt and Road Initiative

Chinese President Xi Jinping launched the “Belt and Road Initiative” nearly a decade ago, which aims to build infrastructure and energy networks from Europe as well as Asia to Africa. China is currently holding a summit on the occasion of the tenth anniversary of the “Road and Belt” project, in which representatives and delegations from 130 countries are participating. The Caretaker Prime Minister of Pakistan is also on a visit to China in this context.

CPEC projects
The CPEC is a flagship project under China’s Belt and Road Initiative (BRI), with more than $65 billion pledged for road, rail, and other infrastructure development projects in Pakistan.

Silk Road Summit

Russian President Vladimir Putin is also participating in this summit. Chinese President Xi Jinping and Russian President Vladimir Putin. Have also reiterate the close cooperation between the two countries on the occasion of the Silk Road Summit. The Chinese president said in the meeting with his Russian counterpart that the strategic coordination. Between the two countries is close and effective. While the bilateral trade volume has also reached the highest level ever. The Russian president said that “in today’s difficult world”. A close foreign policy with China is very important.

10th Anniversary of Summit Meeting

These days, the summit meeting on the occasion of the tenth anniversary of the “Road and Belt Project”. Is going on in China, in which representatives and delegations of 130 countries are participating.

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