A high-level Chinese delegation is set to visit Karachi and Gwadar Port on Monday. The delegation constitutes of 40-50 senior officials to inspect and finalize investment areas at Gwadar Port, and parts of Karachi. Reportedly, officials from Pakistan and China will meet next week in order to commence work on China-Pak Economic Corridor (CPEC) and analyze areas of investment under the CPEC umbrella including the power projects. After the visit and appropriate inspection, investments will start pouring in.
The last visit from Chinese President Xi Jinping to Pakistan laid out plans for billions of dollars worth of investment in Pakistan. A bigger portion of these investments have already been earmarked for the power sector of Pakistan. A conference will be held in Karachi between 9th and 13th November next week to facilitate the delegation from China. Said delegation would also visit Gwadar in order to finalize details surrounding Gwadar Airport and other projects in the area under the CPEC umbrella. With CPEC set to bring Pakistan out of the economic turmoil and power crisis, other countries such as Russia and Iran have started showing interest in the country. Russia especially after the sanctions on Moscow by the west. Essentially, the entirety of countries in the region set to benefit from CPEC so it would not be a surprise if more countries invest in Pakistan in years to come.
China-Pak Economic Corridor is the biggest investment in Pakistan by China to date. The project while under development and upon completion will bring a plethora of jobs and investment opportunities. It would seem the development projects are being targeted for an early completion especially the ones under the power sector, and with the Operation Zarb-e-Azb dedicated to root out and eradicate terrorism within the country, Pakistan is on its way to becoming one of the major economic hubs of the region.You can follow us on Facebook, Twitter, or Google+ for more updates. Otherwise fill in the subscription box above, or subscribe to our RSS Feed.