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Coal-based power projects set to usher economic prosperity

  It is estimated that by 2030 Pakistan would need 113,695MW of energy while its economic prosperity and development was linked with availability of energy for which country needs coal-based power projects to meet energy shortfall. Pakistan’s coal is better than India in terms of heating value, sulfur, ash and moisture. Pakistan needs a large number of coal-based power projects to bridge the widening gap between electricity demand and supply. …

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Gwadar port project takes off with brilliant economic future

  Gwadar port project has actually taken off in 2015 after eight years of its inauguration in 2007. It is the major development with reference to economic development of Balochistan that took place this year. Last month, Pakistan formally handed over the 2,281 acres free trade zone of Gwadar Port to China on a 43-year lease. After the formal handover of the free trade zone, all business affairs of the …

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Historic oil fall: Pakistan’s petroleum products set to decline

  Presently Brent oil sank to $36.05 a barrel — its weakest since July 2004 — before recovering slightly to $36.56. A worldwide oversupply has dramatically driven down the oil price, with suppliers declining to reach deals to address the glut. Just 18-month ago, in June last year, the price of oil was traded at $115 per barrel. The price of US crude was also recorded down this week, dropping …

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Immense scope for e-commerce growth in Pakistan

  With a population of around 200 million individuals, Pakistan has the potential to become next major Internet market in terms of number of connected people in the next coming few years. According to one estimate, 9 percent of the country’s population goes online during last year while another 30 percent are likely to get connected to Internet in next three to five years. The trend to use Internet has …

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Gwadar Port to usher in new era of progress, prosperity in Balochistan

  Gwadar free port project promises massive investment, greater generation of employment opportunities and more development projects in different sectors of Balochistan. An addition of a new deep-sea port at Pakistan’s coastline marks a new chapter of development efforts in the country. It would serve as a springboard for initiating wide-ranging development activities in Balochistan. The port is bound to usher in the province a new era of progress and …

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China’s $46bn investment: a perfect sentiment of friendship with Pakistan

  The Chinese president’s Pakistan visit is water shed in bilateral relations, calculated to trigger collaboration at a level substantially more meaningful than Pak-US partnership spanning over a decade. President Xi Jinping of China during his two-day visit to Pakistan pledged $46 billion worth of energy and infrastructure projects. This amount is three times the entire foreign direct investment the country has received since the last seven years’ time. Though …

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Economic corridor an entirely new business plan for Pakistan and region

  Pakistan and China set in motion a roll out of $46 billion portfolio agreed under Chine-Pakistan Economic Corridor (CPEC). Both signed agreements worth $28 billion to immediately kick-start early harvest projects, while projects worth $17 billion, which are in pipeline, will follow as soon as required studies, processes and formalities are completed. The groundbreaking and signing of financial agreements has demonstrated that there is a strong will on both …

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Energy projects major component out of the four umbrella projects under CPEC

  The reliable and steadfast friendship between China and Pakistan is considered as an example all over the world and the economic benefits of this friendship for Pakistan are getting more eminent day by day under the recent agreement of China-Pakistan Economic Corridor investment project signed between the brotherly nations. The rising of China as an international economic power is proving advantageous for Pakistan. Regardless of the detrimental law and …

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Prime beneficiary of CPEC: what local people want?

  Confidence between locals with foreign investors needs to be maintained The political leaders and local people have been expressing their serious reservations since the mega seaport project was launched at Gwadar in March 2002. Whereas the local people have attached great expectations from the development of Gwadar port, they also have serious reservations about the fast-track development process in the port city. In the past, Balochistan has witnessed insurgencies …

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Privatization of PIA and Pakistan Steel — a hard nut to crack

  Certainly, it is not the business of the state to do business. It is the private sector, which has to run the businesses under the patronage and facilitation of the government. The government should only play the role of regulator and facilitator of corporate businesses. Since 1990, the country sold off 167 SOEs. During 1997-2000, the complete denationalization of the banking sector was carried out. A privatization program was …

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