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Asad Umar expresses satisfaction on CPEC progress

December 16, 2021: Asad Umar, Federal Minister for Planning Development and Special Initiatives expressed satisfaction over the progress made by all the ministries for resolving the pending issues pertaining to the ongoing projects under CPEC, said a press release issued on Wednesday.

To note, the 4th meeting of the Pak-China Relations Steering Committee was held yesterday under the Chairmanship Asad Umar wherein the issues faced by investors were discussed in detail.

The Secretary Power Division briefed the committee on the status of the power projects. The committee was informed that the issue of CoD extensions for five power projects had been resolved.

Regarding the supply of electricity to Gwadar, the committee was informed that an initial 132 VK line was being built to provide electricity from the National Grid to meet Gwadar's electricity demand. In addition, provision of solar panels to 3000 households of Gwadar and other short-term measures were also being taken to ensure additional supply of electricity to the city.

The committee was also briefed on the KKH Thakot-Raikot Section Realignment project. The M/o Communications has notified a Technical Joint Working Group to oversee the feasibility study of the Project. NESPAK with Chinese support would conduct a joint feasibility study for the project.

Govt of Punjab informed the Committee that a substantial amount of pending payments of the O&M contractor of the Orange Line Metro Train had been cleared and the remaining amount will be paid before the end of the month.

The committee was informed that work on some sections of another CPEC project i.e. Quetta-Zhob Road project had been halted due to a stay order by Islamabad High Court.

Issues related to industrial cooperation were also discussed in the meeting. Industries Department of Government of Punjab updated the Committee on the steps taken to resolve the investor's pending issues. It was also informed that the process for the appointment of CEO of FIEDMIC CEO would be completed soon. The Board of the company has already been reconstituted.

Ministry of Interior briefed the committee on the new visa regime and the measures being taken to facilitate the investors. The chair expressed satisfaction over the measures however, directed the Ministry of Interior to coordinate with Chinese companies operating in Pakistan if they still face any issues.

Press Release

Posted on: 2021-12-16T17:16:22+05:00

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