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The 1,320 megawatt Port Qasim Power Project comprises two 660 megawatt supercritical coal power plants, one of which was inaugurated in December 2016 as part of the China–Pakistan Economic Corridor. [1] The $2.09 billion project is located on 330.7 acres at Port Qasim, 37 kilometers east of Karachi in Sindh Province.
The Gwadar Port (Urdu: گوادر بندرگاہ [ˈɡwaːdəɾ ˈbəndəɾɡaː]) is situated on the Arabian Sea at Gwadar in Balochistan province of Pakistan and is under the administrative control of the Maritime Secretary of Pakistan and operational control of the China Overseas Port Holding Company. [2]
China and Pakistan already conduct trade via the Karakoram Highway. The CPEC projects involve reconstruction and upgrades to National Highway 35 (N-35), which forms the Pakistani section of the Karakoram Highway (KKH). The KKH spans the 887 kilometers between the China-Pakistan border and the town of Burhan, near Hasan Abdal.
For both Pakistan and China, the Gwadar port as part of the much-wide China Pakistan Economic Corridor offers a number of key benefits. For the Pakistani government, the Gwadar port is seen as having the potential of hedging against a potential Indian blockade of the port of Karachi , which currently handles 90% of Pakistani seaborne trade.
The Port of Sonmiani, in Las Bela District, currently consists of a fish harbour at the town of Damb, about 4 km (2.5 mi) northwest of Sonmiani as well as a coast guard jetty for the Pakistan Maritime Security Agency, a kilometre to the north of the fish harbour. In March 2007 the federal government announced a proposal to build a major new ...
Trade between China and Pakistan hit a 12-month figure of $12 billion for the first time in 2012. [114] 2013 – On 5 July 2013, Pakistan and China approved the Pak-China Economic Corridor which will link Pakistan's Gwadar Port on the Arabian Sea and Kashgar in Xinjiang in northwest China.
Xi was to visit Pakistan in 2014 during his South Asia trip to India, Sri Lanka, and the Maldives but postponed it due to political unrest. [8] In February 2015, some reports of Xi Jinping's trip to Pakistan to attend the Pakistan Day Parade came in the backdrop of US President Barack Obama's second visit to India to attend the Delhi Republic Day parade. [9]
The Silk Route Dry Port commenced its business operations at the port in Sost, Upper Hunza, near the Khunjerab Pass in Gilgit-Baltistan. The annual trade volume between these two countries has seen a significant increase, rising from less than $2 billion in 2002 to $6.9 billion, with an ambitious target of reaching $15 billion by 2014.