Pakistan
CPEC board approves Karachi coastline plan
This plan has been labelled as a “game-changer” as it has the propensity to ascend Karachi to the top port cities of the world.
Karachi: The Federal Government, on Saturday, unveiled a plan to revamp Karachi’s coastal line under the aegis of China Pakistan Economic Corridor (CPEC) with $3.5 billion “direct Chinese investment”.
This plan has been labelled as a “game-changer” as it has the propensity to ascend Karachi to the top port cities of the world.
The Karachi Coastal Comprehensive Development Zone (KCCDZ) — spread over 640 hectares or 1,581 acres on the western backwaters marshland of the Karachi Port Trust (KPT) leading to reinvigorate oldest city slums Machhar Colony relocating its more than half a million population.
Ministry of Maritime Affairs is directly involved in this event and KCCDZ anticipates modernizing Karachi’s infrastructure.
Prime Minister of Pakistan Imran Khan tweeted, “Inclusion of Karachi Comprehensive Coastal Development Zone in CPEC is game changer. Will cleanup our marine habitat for fishermen, develop 20k low income housing units & present opportunities for investors. Will put Khi at par with developed port cities. Well done @MaritimeGovPK.”
Inclusion of Karachi Comprehensive Coastal Development Zone in CPEC is game changer. Will cleanup our marine habitat for fishermen, develop 20k low income housing units & present opportunities for investors. Will put Khi at par with developed port cities
— Imran Khan (@ImranKhanPTI) September 26, 2021
Well done @MaritimeGovPK
-
Regional 1 day ago
Nawaz Sharif not go for Umrah in Ramadan
-
Pakistan 2 days ago
President emphasises increasing economic, cultural ties with Cote d’Ivoire
-
Pakistan 2 days ago
Maryam, Nawaz condole family of youth killed by kite string
-
Pakistan 1 day ago
PM, President discuss political, economic situation
-
Pakistan 2 days ago
PM expresses desire to expand Pakistan-Germany trade ties
-
Technology 1 day ago
Nvidia’s AI chip dominance is being targeted by Google, Intel, and Arm
-
Pakistan 2 days ago
Nawaz Sharif says good time will come after difficult years
-
Pakistan 1 day ago
IHC Judges letter: Petition in SC to form inquiry commission