CRSS China Watch – February 1 2016

The Parliamentary Committee for the China-Pakistan Economic Corridor (CPEC) led by Senator Mushahid Hussain, looked over the CPEC projects in their three days visit to the Sindh province. Talking about the Thar coal power project, the senator specifically emphasized that no element of political or provincial preferences has been found in the project. The overt visit of MPs from all federating units makes their support to the project certain. The delegates from working committee of Thar coal project agreed that Thar is the energy future of Pakistan.[1]

With the idea of fixing around 12 billion rupees against development budget, the Chief Minister of Gilgit Baltistan (GB) – while stressing the importance of CPEC- underlined that the project will bring economic and social development in the region.[2] In order to evaluate the level of advancement of developmental projects in the power and petroleum sectors initiated under the CPEC, the Federal Finance Minister called upon a meeting. It was a detailed meeting about the finance, timeline and development of the power and petroleum projects.[3]

The Ukrainian ambassador claimed that the Multinational Companies (MNC’s) of Ukraine are aiming to build power plants, pipelines, bridges and railways in Pakistan. He claimed that making investments in the CPEC project would exploit the economic opportunities at regional level.[4]

The Chairman Board of Investment declared that the CPEC has been a game changer for regional progress and development since it has uplifted the economy of Pakistan in the last two years.[5]

[1] http://tribune.com.pk/story/1037850/mps-see-thar-as-energy-future-of-pakistan/

[2] http://www.radio.gov.pk/newsdetail/82347/1

[3] http://www.brecorder.com/market-data/stocks-a-bonds/0/12125/

[4] http://www.dailytimes.com.pk/national/30-Jan-2016/ukrainian-companies-keen-to-invest-in-cpec-project-says-envoy

[5] http://nation.com.pk/business/31-Jan-2016/cpec-will-bring-prosperity-to-whole-region

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