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China-Pakistan Economic Corridor (CPEC) A nuclear reactor worth USD 2.7 billion was commissioned in Pakistan as part of the China-Pakistan Economic Corridor (CPEC), offering some relief as the country struggles with an energy crisis. This 1,100-megawatt power facility will produce some of the least expensive electricity in the country. Recent statewide power disruptions in Pakistan were caused by a national grid malfunction. Blackouts have been a long-standing problem in the nation, which is also dealing with rising energy prices, poor foreign exchange reserves, and pressure on its government budget. Background of CPEC: By signing a number of memorandums of understanding…
07 February, 2023
CPEC
China-Pakistan Economic Corridor China's recent investments in infrastructure projects under its Belt and Road Initiative (BRI) have decreased, while it's short- and medium-term support to partner nations has increased, according to research from the Green Finance and Development Centre. Outcomes of the report: Reduced Investments China's engagement in 147 nations through contracts and financial investments totalled $28.4 billion in the first half of 2022, an increase of 47% from the previous year. From $48.5 billion in the same time in 2019, this represented a decrease. Three distinct tendencies in the BRI were observed in the report: Chinese state-owned enterprises' expanding…
23 August, 2022
CPEC
China-Pakistan Economic Corridor (CPEC) CPEC is connecting China’s Xinjiang with Pakistan’s Gwadar port and is regarded as the flagship project of the multi-billion dollar Belt and Road Initiative (BRI) which is aimed at furthering China’s global influence with infrastructure projects funded by Chinese investments all over the world. The CPEC is bilateral project between Pakistan and China, intended to promote connectivity across Pakistan with a network of highways, railways, and pipelines accompanied by energy, industrial, and other infrastructure development projects linking the Western part of China to the Gwadar Port in Balochistan, Pakistan running some 3000 km from Xinjiang to Balochistan…
29 September, 2021
CPEC
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