Pakistan Government to Start Work on Five New Economic Corridors

Wed Mar 13 2024
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ISLAMABAD: Soon after the formation of the newly elected government in Pakistan, progress on the China-Pakistan Economic Corridor (CPEC), especially the five new economic corridors, including the Corridor of Job Creation, Innovation, Green Energy, and Inclusive Regional Development, has been expedited.

The newly-appointed Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal presided over an important meeting on Wednesday to start work on the five new corridors in the second phase of CPEC.

During the meeting, the briefing was given to the minister on the progress of CPEC projects, recommendations of the Joint Coordination Committee, and working groups held last year. The MoUs inked during the third Belt and Road Summit were also reviewed in the meeting.

Iqbal was updated on key projects such as ML-1, Karakoram Highway (Phase II) D.I Khan Zhob, Karachi Circular Railway, and others.

Government Desires Speedy Implementation Process

While reviewing the projects, the minister directed stakeholders to expedite their implementation process without further delay.

He said that no further hindrance in the implementation of CPEC deals will be tolerated. He instructed stakeholders to immediately coordinate with relevant ministries for the speedy implementation of the projects.

He also directed stakeholders to submit pending PC-1s for different projects to expedite them effectively and instructed regular meetings on CPEC to properly monitor the projects.

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