Trains will come to a standstill, people will crave electricity, China has brought PAK to the brink of ruin
The economy of the neighboring country of Pakistan has come to the brink of collapse due to promoting terrorism for a long time. Pakistan is somehow running its country on the strength of foreign loans. Sometimes he sits in the lap of China to take a loan and sometimes he reaches to another country. Similarly, a big project of China is going on in Pakistan, whose issue was raised by Pakistan recently. Due to this project, Pakistan has reached the verge of ruin. In the recent meeting on China-Pakistan Economic Corridor (CPEC) projects, Pakistan mentioned the delays in five important power and rail projects facing China. In such a situation, if there is further delay in these projects, then there is a possibility of the railway line coming to a standstill in Pakistan. At the same time, electricity generation will also be affected.
Asked China to expedite five projects A meeting of the 11th Joint Cooperation Committee (JCC) of CPEC was held where Pakistan urged China to expedite five projects worth $18.5 billion. According to a report in The Express Tribune, Pakistan’s Planning Minister Ahsan Iqbal expressed apprehension that any delay would lead to a breakdown in the rail system in the country in a year and delay the generation of 3,100 MW of electricity. The five projects on which Islamabad has requested China to expedite work include the $10 billion Mainline-I Railway Project, the $1.2 billion Karachi Circular Railway Project, the $1.6 billion Azad Pattan Hydroelectric Project, The $2.5 billion Kohala power project and the $3 billion Thar Block I coal project. This information was given by the officials present in the meeting.
“These projects are facing delays of years due to constraints from both the sides,” the official said. Pakistan asked China to consider Islamabad’s request for the transfer of the USD 584 million Gwadar power plant. The Planning Minister also considered Pakistan’s failure to reap the benefits of Chinese experience to develop its Special Economic Zones (SEZs).
Pak PM to visit China for two days Pakistani PM Shahbaz is going to go on a two-day visit to China on November 1. At least 28 Chinese projects worth US$ 18.8 billion have been completed, but there are still plans worth $34 billion to be completed. “If we do not start the ML-I (mainline-I railway project) immediately, the main line of Pakistan Railways will collapse within a year,” Iqbal told the deputy chairman of the National Development and Reform Commission (NDRC).
