Balochistan to receive US$ 7 bln through CPEC

Quetta: Balochistan province will be receiving over US $ 7 billion funds of its share from investment pertaining to China-Pakistan Economic Corridor (CPEC).

President, Quetta Chamber of Commerce and Industries (QCCI), Jamal Khan Tarakai told APP here that Chief Secretary Balochistan, Saifullah Chathha visited QCCI and assured the industrialists and traders that Balochistan would get adequate share from investment funds to be spend under CPEC.

“Industrialist parks will be established in Zhob, Quetta, Khuzdar, Gwadar and other areas of Balochistan where over US $ 07 billion will be spend to build power plants and heavy industrial units which would be generate millions of jobs for local youth,” he added.

He said that the Chief Secretary told that the provincial government had started process to acquire land for construction of six-lane western route of CPEC in Balochistan.

“Chief Secretary Balochistan told that construction work on western route of CPEC has started and it would be completed within stipulated time,” he added.

He said that billions of rupees were being spent on the construction of Gwadar International Airport following the architecture of Beijing, China Airport where double story air bus would also land.

“Power plants having capacity of generating 300 Megawatt electricity will also be established in Balochistan under CPEC,” he said.
“We are thankful to Chief Secretary Balochistan for announcing that flourmills owners of Balochistan would be given wheat on rates of other provinces,” he said.