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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.
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.
It connects Gwadar Port to the Makran Coastal Highway. The Gwadar Port Authority is supervising the project. [2] [3] The project is developed as part of the "Early Harvest" scheme of China Pakistan Economic Corridor, and is part of a wider Rs. 170.667 billion (US$590 million) development package for the city and Port of Gwadar. [4]
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 is willing to strengthen co-operation and promote solidarity with Pakistan but has urged it to guarantee the safety of Chinese organisations and personnel working there, China's foreign ...
All the Chinese nationals working at the port in Baluchistan province were safe, the officials said. Pakistan repulses attack near Chinese-funded port in southwest, killing 8 insurgents, officials say
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.
WASHINGTON (Reuters) -Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go ...