The project was proposed by Chinese Premier Li Keqiang during his
visit to Pakistan in May 2013.
The Pak-China Economic Corridor Secretariat was inaugurated in
Islamabad on 27 August 2013. In February 2014.
The vision for an economic route stretches as far back as the
Projects in PCEC
Gwadar Port Completed, handed over to China for 40 years starting
Karachi - Lahore Motorway (KLM) Approved, Construction to begin 2015.
Havelian to Khunjrab Rail track Approved.
Hazara Motorway Under construction
Economic Corridor Support Force Completed, armed division of the army for security of
workforce, cost $250 million.
720MW Karot Hydropower Project Approved.
Development of Private Hydro Power Projects Approved.
Dawood Wind Power project Approved.
Cross-border fiber optic data communication system
project, a digital terrestrial multimedia broadcast pilot
project at Murree
Pakistan & China Sign Agreement
for Gwadar Kashghar Link
Power Project Details
As you know that Pakistan is
suffering from energy crises. The
PCEC will help us to get out from
this energy crises. The power
projects with respect to provinces
Historical Background Of Gwadar
On 8 September 1958, Pakistan purchased the Gwadar enclave
from Oman for $1 million by Karim Aga Khan.
In 1993, the Government of Pakistan formally conceived the plan to
develop Gwadar into a major port city
Phase I of Gwadar Port was completed in March 2007. Gwadar Port
was inaugurated on 20 March 2007.
Strategic Importance Of Gwadar
Gwadar is strategically located on the western end of Baluchistan.
Pakistan could earn millions of dollars a year in terms of port and
cargo handling charges and also as freight charges for import
cargoes and export goods.
How PCEC plan will be executed
Joint Group of Pakistan and China will be made.
From Pakistan Minister of Planning, and Development Reforms.
From China National Development Reforms.
Working Group will be formed.
These working group physically check the project feasibility.
All provinces will present their projects to working group.
Benefits Of PCEC
The relationship between China and Pakistan will be more strong.
It helps to stable the economy of Pakistan.
The Import and export of Pakistan will increase.
The Power capacity will be increase.
Direct Investment will come in Pakistan.
New business and industry come in Pakistan.
The rate of unemployment will be decrease.
The Gwadar port will be upgraded.
Roads, Railway, Aviation and Data Transfer will be upgraded.
According to business analyst
“ The move represents a shift toward greater economic
cooperation between Pakistan and China, which have long had close
security ties amid common disputes with neighboring India. The
corridor would give China access to the Indian Ocean and lead to
investments that would help ease power shortages that are hindering
economic growth in Pakistan. ”
Bloomberg Business on April 1, 2015.
“ The main consultant firm of the Gwadar development phases,
low-cost land and labor are available, there is proximity to oil and gas
resources and Gulf countries, there are some agricultural and mineral
resources, while there could be tax-free status for investments and
trade. The Gwadar Port is expected to generate billions of dollars in
revenues and create at least two million jobs. “
Arthur D. Little (Malaysia),.