Among these projects, the Karachi Circular Railway is a notable example, having been announced on seven separate occasions but still needing to be completed.
The recent imposition of a USD 2.48 million fine by a Pakistan civil court on China National Petroleum Corporation for allegedly violating the contract signed with the Petroleum Exploration (Pvt.) Ltd. has again brought forth the increasing economic mistrust between the two countries accentu
Pakistan's Planning Minister Ahsan Iqbal chaired the meeting and discussed progress on Special Economic Zones, ML-1, KCR and several new development initiatives to be discussed by the Joint Working Groups (JWGs).
The CPEC project that was commenced a decade ago was held as a harbinger of prosperity for Pakistan. However, seven years later, many projects under the CPEC still remain non-starters while some of those being operational have become liabilities and are incurring losses.
Islamabad [Pakistan], April 27 (ANI): Pakistan has requested China to include Karachi Circular Railway (KCR) project in the China-Pakistan Economic Corridor (CPEC) and also sought Chinese collaboration for setting up a desalination plant in Karachi which continues to face paucity of clean wa