Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Remarkable progress achieved on CPEC: Economic Survey

byCT Report
09/06/2023
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: The transport infrastructure sector in China-Pakistan Economic Corridor (CPEC) has achieved remarkable success, said Pakistan Economic Survey 2022-23 released on Thursday.

It added that realizing the importance of modern transportation infrastructure, the CPEC offers Pakistan a unique opportunity to integrate with the regional markets.

You might also like

Afghan border closure drags Pakistan-Central Asia trade down 51pc to $219m in FY26

28/08/2026

Bejaan Resorts, South Air sign agreement

28/08/2026

On the Eastern Alignment (roadway projects located in Sindh and Punjab), the groundbreaking of the Sukkar-Hyderabad (M-6) section of the motorway was done in December 2022.

On the Western Alignment (projects located in Northwestern Punjab, KP, and Baluchistan), the groundbreaking of the D.I.Khan- Sagu section of N50 was also done during the same period, said the budgetary document.

Moreover, the construction work on the 298 km Zhob to Kuchlak road project was in progress. Also, other projects such as Khuzdar-Basima (110 km), Nokundi-Mashkhel (103 km), and Hoshab-Awaran M-8 (146 km) were under implementation and expected to be completed as per timelines.

Furthermore, Sagu-Zhob Project N-50 was under discussion with the Chinese side and is expected to be started soon.

Due to the construction of the Dasu & Bahsha dams, the existing Karakoram Highway (KKH) alignment will be submerged, therefore, a G2G Joint Technical Working Group (JTWG) was notified to conduct the feasibility for realignment of the Thakot – Raikot section of the the the KKH, which has been conducted and agreed by both sides.

Moreover, the concessional financing agreement for the landmark ML-1 project is expected to be finalized soon, and subsequently, arrangements will be made for the ground-breaking of the project. In addition to this, the framework agreement of the Karachi Circular Railway (KCR) has been shared with the Chinese side to take up the project under the CPEC framework.

Lastly, the feasibility studies of the new projects Mirpur-Muzaffarabad-Mansehra (MMM), M-9 Motorway and Babusar Tunnel have been proposed to be considered under the CPEC framework in the forthcoming Joint Working Group meeting of transport infrastructure.

Related Stories

Afghan border closure drags Pakistan-Central Asia trade down 51pc to $219m in FY26

byCT Report
28/08/2026

PESHAWAR: Pakistan’s bilateral trade with five Central Asian countries plunged 50.62% year-on-year to $219.125 million in FY26, as the closure...

Bejaan Resorts, South Air sign agreement

byCT Report
28/08/2026

ISLAMABAD: Bejaan Resorts and South Air (Private) Limited will formally enter into a strategic partnership aimed at strengthening air connectivity...

ICCI, NYLP host National Youth Leadership Summit 2026

byCT Report
28/08/2026

ISLAMABAD: Minister of State for Law and Justice Barrister Aqeel Malik has called upon all segments of society to play...

Serious questions raised over Rs556.8m solar deal at Pak Datacom

byCT Report
28/08/2026

LAHORE: Serious financial, administrative and corporate governance concerns have been raised over a Rs. 556.8 million solar panel transaction involving...

Next Post

Easypaisa secures four Effies at Effie Awards, 2023

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.