ISLAMABAD, May 31 (APP): Minister for Planning, Development and Reforms, Ahsan Iqbal Tuesday said that development projects worth US$ 30 billion out of US$ 46 billion to be initiated under China-Pakistan Economic Corridor (CPEC) framework across the country, had become operational.
“The financing of these projects either completed or in the
process of completion,” he said during a press conference here.
He said, it was unprecedented that a piece of paper –
Memorandum of Understanding – was converted into portfolio of US$ 46 billion within short span of time.
Terming CPEC a unique gift for the people of Pakistan, he
said, different early harvest energy projects were being completed to meet electricity shortage and informed that mining at Thar Coal site had been started.
He said, the electricity generation would start from Thar coal
in 2018-19, adding, “Thar coal deposit would be sufficient for next 400 years if 5,000 MW per annum electricity is generated from Thar coal.”
Ahsan Iqbal said, the Pak-China leaderships and people of both the brotherly countries had complete faith in this project and they had expressed unflinching resolve to complete CPEC within stipulated time.