More Chinese investment expected in Pakistan soon: minister

Pakistan’s Federal Planning and Development Minister Ahsan Iqbal said more Chinese investment is expected in Pakistan soon, according to a report by Gwadar Pro.

He mentioned that during Prime Minister Shehbaz Sharif’s recent visit to Balochistan and his meeting with Chinese investors, Chinese companies showed interest in investing in Gwadar.

The minister reiterated that the government gives the highest priority to speeding up work on projects under the China-Pakistan Economic Corridor (CPEC).

Briefing reporters on different projects approved by the Central Development Working Party (CDWP), he informed that a power project at Diamer Bhasha Dam worth 900 billion Pakistani rupees has also been approved.

Iqbal noted that works on the water supply system in Gwadar will be completed by September this year, while works on the 1.2 million gallons per day desalination plant will be completed by September. here October to solve the water problem in Gwadar.

He explained that 65% of the financing for the project will be provided by the federal government while 35% will be taken care of by the provincial government of Khyber Pakhtunkhwa.

He pointed out that the new Gwadar International Airport will also be completed by March next year.

Ahsan Iqbal said the CDWP also gave its approval to a water supply project for the southern districts of Khyber Pakhtunkhwa.

The minister said that the Chaman-Quetta and Karachi N-25 road dualisation project has also been approved. He said road infrastructure in Baluchistan had been prioritized in the upcoming budget, which aimed to provide a well-developed road network in the province to help provide people with better health, job and education opportunities. .

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