Pakistan eyes mega Chinese investment in different sectors

Prime Minister Shahbaz Sharif’s China Visit

ML-1 project and various infrastructure projects get priority

News Desk (Monday, June 03, 2024):-

Prime Minister is going to start Chinese visit from Tuesday, 4th June 2024 and Pakistan has been anticipating mega Chinese investment in various projects under CPEC.

Prime Minister Shahbaz Sharif’s will land in Shanzen on 4th June 2024. Shanzen is consider as economic powerhouse of china and the decision of the leadership of Pakistan and China depicts determination from both the sides relating this long awaited visit.

ML-1 project, which was been declared viable following the rough and tough terms and conditions of IMF loan program in the past, there are good news that major break through is going to place about ML-1 project.

ML-1, a 1726 km long railway line project from Peshawar to Karachi is consider as lifeline of business activities in Pakistan under CPEC.

The railway line track from Peshawar to Karachi is depleted and requires massive maintenance issues. Contrary to road infrastructure, railway transportation is consider as much reliable and cheap source of transportation for goods and freight trains.

On the other side, feasibilities regarding construction of highways under CPEC has also been approved from the government of Pakistan and during the visit of Prime Minister Shahbaz Sharif’s visit, formal anomalies will be discussed and finalised regarding revamping of the road infrastructure projects.

The long awaited road infrastructure projects including Sukkur-Hyderqbad Motorway, Zhob-Quetta-Karachi road, Karakaram Highway from Thakot to Raikot and Pnjghor to Mashkhel are top priorities of both the Chinese and government of Pakistan under CPEC.

There are good things about these projects which are going to be completed with the recent visits of prime Minister Shahbaz Sharif.

Meanwhile under second phase of CPEC, China is also going to announce investment projects in agriculture and energy, which will be very helpful to revive industries of Pakistan and thousands of new jobs will be created for Pakistanis through these investments.