Sat. Jun 10th, 2023

Cabinet okays Pak-China economic corridor

Prime Minister Nawaz Sharif chairing a meeting of the federal cabinet. — APP/File

ISLAMABAD: The federal cabinet during its meeting on Monday gave approval for the Pak-China economic corridor. Approval was also given along with for starting negotiations with Beijing for importing 1000 megawatts of electricity from China by laying a new transmission line.

The Pak-China Economic Corridor (PCEC) is the country’s biggest road project recently launched by the government. Work on one of the sections of the PCEC was initiated in December last year, under which a motorway from Havelian to Thakot as phase-I of the Islamabad-Raikot section of the corridor would be constructed.

The Havalian to Thakot section of the corridor is being financed by China while other phases will be carried out on the basis of Built Operate and Transfer (BOT).

Source: Dawn

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