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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Nawaz Sharif Inaugurates China-Pakistan Economic Corridor Project
Dec 05, 2014

China and Pakistan have kicked off their multi-billion dollar Economic Corridor project that passes through Pakistan-occupied Kashmir (PoK) by laying the foundation of a fenced four-lane motorway, setting in motion a mammoth project connecting the two countries. Pakistan Prime Minister Nawaz Sharif performed the groundbreaking of a section of the motorway in the country’s northwest, signalling the implementation of the China-Pakistan Economic Corridor (CPEC) agreement.

The 60-km-long, 4-lane fenced Hazara Motorway in Khyber Pakhtunkhwa province will cost $297 million and will take two years to complete. During his China visit earlier this month, Nawaz Sharif signed deals worth $45.6 billion that included projects connected with the Corridor.

India has expressed its reservations to China over the project as it is laid through the PoK. But, China defended the project saying it will help regional development. Chinese Premier Li Keqiang has called the Corridor a flagship project to strengthen China’s connectivity with neighbouring countries and an initiative set to aid strategic framework for pragmatic cooperation between the two nations. The two countries should facilitate the development of Gwadar Port in south-western Pakistan, strengthen cooperation in energy and electricity projects and the planned industrial parks along the corridor.

The Corridor was proposed in an agreement reached during Li Kequiang’s visit to Pakistan in May 2013. Planned to connect Kashgar in China’s Xinjiang with Pakistan’s Gwadar Port in Balochistan province, the corridor is expected to serve as a terminal for China to pump oil procurement from Persian Gulf.

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