CCoCPEC approves provision of utilities for SEZs

News Image

MG News | February 17, 2022 at 10:35 PM GMT+05:00

0:00

February 17, 2022: The Cabinet Committee on China-Pakistan Economic Corridor (CCoCPEC) Thursday approved several projects including realignment of KKH from Thakot to Raikot, provision of utilities for CPEC Special Economic Zones (SEZ), implementation plan for vacation of PCG and PN land at Shamba Shamail, Gwadar and establishment of CPEC Business & Industrial Cooperation Tower.

The projects were approved during a meeting of CCoCPEC chaired by Minister of Planning Development and Special Initiatives Asad Umar, which was attended by Minister for Interior Sheikh Rashid, Federal Minister for Economic Affairs, Omar Ayub Khan, Finance Minister Shaukat Tarin, Special Assistant to Prime Minister on CPEC, Affairs Khalid Mansoor and other relevant stakeholders.

The Secretary Ministry of Communication informed the meeting that PC-II for the realignment of KKH 250KM was approved by the Departmental Development Working Party DDWP and after that NESPAK had engaged to carry out the feasibility study.

He apprised the committee that the engagement of the Chinese consultancy team would be the responsibility of Chinese Government out of their funds and it would be considered as Technical Assistance to government of Pakistan.

The Planning Commission directed Ministry of Communication, National Highway Authority (NHA) and relevant stakeholders to meet the deadline so that project could be completed in time.

During the meeting the Planning Minister gave a deadline of 30 days to complete the game plan of Rashaki SEZ, KPK, Dhabeji SEZ, Sindh, Allama Iqbal Industrial City, Punjab and Bostan SEZ Balochistan, while reviewing the progress on provision of Utilities for CPEC Special Economic Zones (SEZ).

During the meeting the implementation plan for vacation of PCG and PN land at Shamba Islmail Gwadar, was also discussed in length.

The PD&SI Minister directed the relevant stakeholders to hand over 52 acres land. The meeting was informed that the concerned authority was interested to keep 20 acres land due to security reasons.

The meeting also approved the establishment of CPEC Business & Industrial Cooperation Tower in Islamabad with Public Private Partnership basis and Capital Development Authority (CDA) will be engaged for land acquisition.

The committee recommended the Public Private Partnership between CDA and Chinese side will be more effective rather BOI.

The meeting was informed that under the project, 8 multi-storey CPEC Towers in Gwadar, all provinces including in Islamabad will be established.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 163,304.13
424.61M
-0.78%
-1286.28
ALLSHR 99,380.97
1,038.42M
-0.94%
-946.44
KSE30 49,842.51
138.16M
-0.73%
-367.30
KMI30 238,104.17
78.33M
-0.14%
-327.97
KMIALLSHR 65,590.95
485.77M
-0.66%
-435.42
BKTi 45,705.29
72.87M
-2.08%
-972.73
OGTi 32,671.23
13.00M
-0.23%
-74.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,990.00 112,355.00
109,820.00
570.00
0.52%
BRENT CRUDE 65.69 66.78
65.41
-0.30
-0.45%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.05
-1.29%
ROTTERDAM COAL MONTHLY 92.60 0.00
0.00
0.10
0.11%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 61.44 62.59
61.21
-0.35
-0.57%
SUGAR #11 WORLD 14.97 15.34
14.93
-0.32
-2.09%

Chart of the Day


Latest News
October 24, 2025 at 05:12 PM GMT+05:00

AGP limited profit soars 80% in 9MFY25


October 24, 2025 at 05:06 PM GMT+05:00

PSX Closing Bell: Fading Out on Friday


October 24, 2025 at 04:38 PM GMT+05:00

Searle company triples Q1 profit to Rs853.5m


October 24, 2025 at 04:30 PM GMT+05:00

Lalpir Power's 9MFY25 performance reverses to loss



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg