Pakistan News Service

Monday Mar 25, 2019, Rajab 18, 1440 Hijri
Pakistan News Home -> Top -> News Details

Pak-China working towards finalisation of LTP for CPEC

02 May, 2017

  Related News  
Govt to make public some parts of Dawn Leaks: Rana Sanaullah
Pakistan Army to keep its response purely in the military domain: Qamar Bajwa
  More on this View All

ISLAMABAD: Pakistan and China are working towards early finalisation of a Long-Term Plan (LTP) for the China-Pakistan Economic Corridor (CPEC), a Chinese diplomat confirmed on Monday.

There are expectations that it could be finalised during the Belt and Road summit being hosted by China on May 14 and 15. Pakistan is participating in the summit.

The LTP, which covers the projects to be undertaken till 2030, has been behind the timeline set for its adoption. Currently, short-to-medium term projects are being pursued under CPEC, which relate to energy, infrastructure and connectivity. The LTP, officials say, defines the overall direction, ideas and goals of cooperation from present till 2030.

Earlier, Political and Press Counsellor at the Chinese Embassy Jian Han, speaking at a roundtable conference on ‘OBOR and CPEC from the Prism of China-Pakistan Bilateral Relations’ organised by the Strategic Vision Institute (SVI), had said that the LTP “would set the focus for CPEC construction in future”.

CPEC project director Hassan Daud Butt on the occasion said that Pakistan had already shared the draft LTP with China’s National Development and Reform Commission (NDRC) for approval and consideration for signing during the Belt and Road summit.

Mr Butt was also hopeful that Pakistan and China would soon conclude agreements for financing and construction of the Gwadar International Airport and East-Bay Expressway.

A Chinese diplomat separately told Dawn that PC-1 for both projects had been approved and an agreement was now being negotiated by the two governments.
Industrialisation phase

At the seminar, the CPEC director said that the project was set to enter the industrialisation phase.

Nine economic zones have been identified to be set up in different parts of the country. Currently feasibility studies are being undertaken and financial agreements are expected to be concluded by the next Joint Cooperation Committee meeting to be held later this year.

“We are expecting that by 2018 about 7,000MW of energy would be added to the national grid and linkages of eastern and western routes would be completed,” he said. “The western route would be completed by July 2018, whereas eastern route would be ready by December 2018,” he said.

 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Pakistan itself a victim of state-sponsored terrorism: Qamar Bajwa
Should You Try Napping During the Workday?
Suggested Sites