Comments - Pak-China Industrial Corridor to Spark Industrial Revolution in Pakistan - PakAlumni Worldwide: The Global Social Network 2024-03-28T11:22:58Zhttp://nedians.ning.com/profiles/comment/feed?attachedTo=1119293%3ABlogPost%3A99738&xn_auth=noThe mega undertaking (China-P…tag:nedians.ning.com,2023-07-31:1119293:Comment:4255902023-07-31T00:28:29.491ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p>The mega undertaking (China-Pakistan Economic Corridor or CPEC) has created nearly 200,000 direct local jobs, built more than 1,400 kilometers (870 miles) of highways and roads, and added 8,000 megawatts of electricity to the national grid, ending years of blackouts caused by power outages in the country of 230 million people.…<br></br><br></br><br></br></p>
<p>The mega undertaking (China-Pakistan Economic Corridor or CPEC) has created nearly 200,000 direct local jobs, built more than 1,400 kilometers (870 miles) of highways and roads, and added 8,000 megawatts of electricity to the national grid, ending years of blackouts caused by power outages in the country of 230 million people.<br/><br/><br/><a href="https://www.voanews.com/a/top-china-official-visits-pakistan-marking-cpec-milestone/7204256.html" target="_blank">https://www.voanews.com/a/top-china-official-visits-pakistan-marking-cpec-milestone/7204256.html</a><br/><br/><br/>Chinese Foreign Ministry spokesman Wang Wenbin told reporters in Beijing earlier this month that CPEC projects "are flourishing all across Pakistan," making a "tangible contribution" to the national development of the country and to regional connectivity.<br/><br/>But critics say many projects have suffered delays, including several much-touted industrial zones that were supposed to help Pakistan enhance its exports to earn much-needed foreign exchange.<br/><br/>The country's declining dollar reserves have prevented Islamabad from paying Chinese power producers, leading to strains in many ties.<br/><br/>Pakistan owes more than $1.26 billion (350 billion rupees) to Chinese power plants. The amount keeps growing, and China has been reluctant to defer or restructure the payment and CPEC debts. All the Chinese loans – both government and commercial banks – makeup nearly 30% of Islamabad's external debt.<br/><br/>Some critics blame CPEC investments for contributing to Pakistan's economic troubles. The government fended off the risk of an imminent default by securing a short-term $3 billion International Monetary Fund bailout agreement this month.<br/><br/>Security threats to its citizens and interests in Pakistan have also been a cause of concern for China. Militant attacks have killed several Chinese nationals in recent years, prompting Beijing to press Islamabad to ensure security measures for CPEC projects.<br/><br/>Diplomatic sources told VOA that China has lately directed its diplomats and citizens working on CPEC programs to strictly limit their movements and avoid visiting certain Pakistani cities for security reasons.<br/><br/>"They [Chinese] believe this security issue is becoming an impediment in taking CPEC forward," Senator Mushahid Hussain, the chairman of the defense committee of the upper house of the Pakistani parliament, told VOA in an interview earlier this month.<br/><br/>"Recurring expressions of concern about the safety and security of Chinese citizens and investors in Pakistan by top Chinese leaders indicate that Pakistan's promises of 'foolproof security' for Chinese working in Pakistan have yet to be fulfilled," said Hussain, who represents Prime Minister Shehbaz Sharif's ruling party in the Senate.</p>
<p class="comment-timestamp"></p> CPEC Results According to Wan…tag:nedians.ning.com,2023-07-07:1119293:Comment:4252402023-07-07T23:35:55.351ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p><span>CPEC Results According to Wang Wenbin of China</span><br></br><br></br><a href="https://twitter.com/bilalgilani/status/1677391745112477696?s=20" rel="noopener" target="_blank">https://twitter.com/bilalgilani/status/1677391745112477696?s=20</a><br></br><br></br><span>Bilal I Gilani</span><br></br><span>@bilalgilani</span><br></br><span>CPEC projects are creating 192,000 jobs, generating 6,000MW of power, building 510 km (316 miles) of highways, and expanding the national transmission network by 886 km (550…</span></p>
<p><span>CPEC Results According to Wang Wenbin of China</span><br/><br/><a href="https://twitter.com/bilalgilani/status/1677391745112477696?s=20" target="_blank" rel="noopener">https://twitter.com/bilalgilani/status/1677391745112477696?s=20</a><br/><br/><span>Bilal I Gilani</span><br/><span>@bilalgilani</span><br/><span>CPEC projects are creating 192,000 jobs, generating 6,000MW of power, building 510 km (316 miles) of highways, and expanding the national transmission network by 886 km (550 miles),” Foreign Ministry spokesman Wang Wenbin told reporters in Beijing."</span><br/><br/><br/><span>Associated Press of Pakistan: On July 5, Prime Minister Shahbaz Sharif while addressing a ceremony to mark a decade of signing of the China-Pakistan Economic Corridor (CPEC), said that CPEC has been playing a key role in transforming Pakistan’s economic landscape. He also said that the mega project helped Pakistan progress in the region and beyond. What is your response?</span><br/><br/><span>Wang Wenbin: The China-Pakistan Economic Corridor (CPEC) is a signature project of China-Pakistan cooperation in the new era, and an important project under the Belt and Road Initiative. This year marks the 10th anniversary of the launch of CPEC. After ten years of development, a “1+4” cooperation layout has been formed, with the CPEC at the center and Gwadar Port, transport infrastructure, energy and industrial cooperation being the four key areas. Projects under CPEC are flourishing all across Pakistan, attracting USD 25.4 billion of direct investment, creating 192,000 jobs, producing 6,000 megawatts of electric power, building 510 kilometers of highways and adding 886 kilometers to the core national transmission network. CPEC has made tangible contribution to the national development of Pakistan and connectivity in the region. China and Pakistan have also explored new areas for cooperation under the framework of CPEC, creating new highlights in cooperation on agriculture, science and technology, telecommunication and people’s wellbeing.</span><br/><br/><span>China stands ready to work with Pakistan to build on the past achievements and follow the guidance of the important common understandings between the leaders of the two countries on promoting high-quality development of CPEC to boost the development of China and Pakistan and the region and bring more benefits to the people of all countries.</span><br/><br/><a href="https://www.fmprc.gov.cn/eng/xwfw_665399/s2510_665401/2511_665403/202307/t20230706_11109401.html" target="_blank" rel="noopener">https://www.fmprc.gov.cn/eng/xwfw_665399/s2510_665401/2511_665403/202307/t20230706_11109401.html</a></p> The federal government has de…tag:nedians.ning.com,2023-03-24:1119293:Comment:4224082023-03-24T15:02:16.397ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p>The federal government has decided to go ahead with the China Pakistan Economic Corridor (CPEC) amid the watchful eyes of international entities. The federal cabinet has approved the commencement of the second, and most important, phase of the CPEC project for industrial development of Pakistan.…<br></br><br></br></p>
<p>The federal government has decided to go ahead with the China Pakistan Economic Corridor (CPEC) amid the watchful eyes of international entities. The federal cabinet has approved the commencement of the second, and most important, phase of the CPEC project for industrial development of Pakistan.<br/><br/><a href="https://profit.pakistantoday.com.pk/2023/03/23/despite-international-pressure-pakistan-proceeds-with-the-second-phase-of-cpec/" target="_blank">https://profit.pakistantoday.com.pk/2023/03/23/despite-international-pressure-pakistan-proceeds-with-the-second-phase-of-cpec/</a><br/><br/>According to reports, the industrial cooperation agreement between the two neighboring countries will be effective till 2025, with the possibility of further expansion. They elaborated that under the agreement, there will be capacity building and skill development of Pakistan’s CPEC workforce. The Ministry of External Affairs and Ministry of Law jointly endorsed the draft agreement, sources claimed.<br/><br/>To clarify, BoI is the lead agency of the Joint Working Group (JWG) on industrial cooperation under CPEC from the Pakistani side. On the other hand, the Chinese counterpart of the BoI is the National Development & Reform Commission (NDRC), China.<br/><br/>A framework agreement was also signed between both parties in 2022, which besides other matters of significance, also aims to foster skill development and capacity building of the local workforce. This shows the potential skilling and economic advancement that Pakistan anticipates would result from the current endeavor.<br/><br/>Here is what happened in the pursuance of the consensus reached in the Framework Agreement and the 10th JCC meeting of CPEC, held on 23rd September 2021, the NDRC– China has proposed that an MoC between BoI and the All-China Federation of Trade Unions (ACFTU) is likely to be signed, in order to strengthen workers’ exchange under CPEC Industrial Cooperation.<br/><br/>Sources further hinted that the proposed MoC envisages to conduct exchange programmes of Government officers and workforce associated with CPEC projects, through capacity building and skill development, Chinese language courses, and any other mutually agreed mechanism to promote people to people ties.<br/><br/>According to sources, BoI and ACFTU have reached consensus on the text of the draft MoC, which has been duly vetted by the Law Division, as well as been concurred by the Ministry of Foreign Affairs.<br/><br/>Based on the draft copy, available with Profit, of the MoC between the ACFTU of China and the BoI of Pakistan, there will be an agreement between the two entities to promote industrial cooperation, within the framework of the China-Pakistan Economic Corridor Industrial Cooperation (CPEC IC).<br/><br/>In the foreseeable future (2023-2025), and keeping in mind the COVID-19 pandemic, both sides will, on the basis of mutual consent, hold online workers symposiums at regular intervals, as well as, carry out relevant exchanges and cooperation. The online symposium will be designated for the workforces of both countries that are actively engaged in and contributing to the construction of CPEC. This will provide a platform to augment people to people exchanges through experience sharing and suggestions for the future development of CPEC.<br/><br/>Moreover, online seminars based on the Chinese’s successful experience in development for Special Economic Zones (SEZs) shall also be organized for the concerned stakeholders in Pakistan. Following the same timeline, in the next three years, both sides shall initiate an exchange programme by arranging activities in their respective countries to foster practical people to people and cultural exchanges on ground.<br/><br/>To provide first hand experience of the successful industrial models in China, the Chinese stakeholders shall facilitate the field visits of the concerned teams from Pakistan, including the Chinese SEZs, sources told Profit. Likewise, in order to mitigate the language barrier between the two countries’ workforces associated with CPEC, while promoting brotherly relations and cultural ties, both sides shall arrange exchange programmes by holding language learning courses in their respective countries.</p>
<p class="comment-timestamp"></p> How to Jump-Start Industriali…tag:nedians.ning.com,2022-09-21:1119293:Comment:4106062022-09-21T17:43:19.253ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p><span>How to Jump-Start Industrialization in Sub-Saharan Africa</span><br></br><span>May 27, 2021</span><br></br><span>By Yi Wen , Iris Arbogast</span><br></br><br></br><span><a href="https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa" target="_blank">https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa</a></span><br></br><br></br><br></br><span>In some newly…</span></p>
<p><span>How to Jump-Start Industrialization in Sub-Saharan Africa</span><br/><span>May 27, 2021</span><br/><span>By Yi Wen , Iris Arbogast</span><br/><br/><span><a href="https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa" target="_blank">https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa</a></span><br/><br/><br/><span>In some newly emerging Asian economies, such as Vietnam and Bangladesh, about 30% of rural households were participating in nonfarm wage employment in the early- to mid-2000s (29% in 2002 in Vietnam and 35% in 2005 in Bangladesh). Rates of nonfarm wage employment in poor African countries, such as Ethiopia, Ghana, Malawi and Nigeria, remain between 5% and 18%.</span><br/><br/><span>In 2019, the GNI per capita in Bangladesh and Vietnam was $1,940 and $2,590, respectively. GNI per capita was $850 in Ethiopia, $2,220 in Ghana, $380 in Malawi and $2,030 in Nigeria. Although GNI per capita in Nigeria and Ghana is relatively high for the region, these economies are more dependent on income from oil and other natural resources than Bangladesh and Vietnam, according to data from the World Bank’s Development Indicators.</span><br/><br/><span>On the other hand, when China engaged in full-fledged proto-industrialization in the 1980s and kick-started its first industrial revolution around the early 1990s, the number of village workers as a fraction of the total rural labor force increased greatly. These workers went from 9% of the labor force in 1978 to 23% by 1988, and then increased to 30% by 2000.5</span><br/><span>The Chinese experience in recent decades and the British industrial revolution in the 17th and 18th centuries imply that proto-industries must reach 40% to 50% of total agricultural value added—or about 25% to 30% of total rural labor force in their employment share—to spark a full-fledged first industrial revolution, or to render mass production of light consumer goods profitable and internationally competitive. 6</span><br/><span>Based on this criterion, Vietnam and Bangladesh should possess the market conditions for supporting mass-production technologies in light industries like textiles. Indeed, these two countries are currently the largest clothing exporters after China, according to data from the World Trade Organization. But countries such as Ethiopia, Ghana, Malawi and Nigeria do not appear ready to support mass-production technologies in light industries, since their textile and clothing exports are very low.</span><br/><br/><span>Policy Implications for Africa</span><br/><span>Based on the New Stage Theory of Development, we have a few policy suggestions for countries where rural manufacturing is not yet prevalent. Policymakers should provide every means possible to enhance proto-industrialization, which will help their countries embark on a healthy path of economic development.</span><br/><br/><span>The goal is to absorb as many rural households as possible into small-scale manufacturing workshops to increase their income and create a primitive supply chain and a disciplined labor force. This is one of the critical steps for nurturing a mass market to support full-fledged mass-production in light industries.</span><br/><br/><span>Governments should provide the necessary infrastructure and social capital to allow farmers to organize themselves into firms and send their goods to distant markets. Part of the income earned could be used to support government initiatives such as building local roads and canals, which reduce transportation costs and are a better use of resources than large projects like high-speed trains—which are better suited to the second industrial revolution stage.</span><br/><br/><span>Successfully creating proto-industrial supply chains, commercial distribution networks and competition between proto-industrial firms would eventually help give rise to large firms that mass produce light industrial goods such as textiles. A nation can also be more likely to attract large foreign firms that outsource their labor-intensive manufacturing industries by using subsidization policies such as providing ports, roads and free land as incentives.</span><br/><br/><span>* This article has been updated to correct the start of British industrialization.</span></p> How to Jump-Start Industriali…tag:nedians.ning.com,2022-09-21:1119293:Comment:4106042022-09-21T17:42:41.053ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p><span>How to Jump-Start Industrialization in Sub-Saharan Africa</span><br></br><span>May 27, 2021</span><br></br><span>By Yi Wen , Iris Arbogast</span><br></br><br></br><span><a href="https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa" target="_blank">https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa</a></span><br></br><br></br><span>KEY…</span></p>
<p><span>How to Jump-Start Industrialization in Sub-Saharan Africa</span><br/><span>May 27, 2021</span><br/><span>By Yi Wen , Iris Arbogast</span><br/><br/><span><a href="https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa" target="_blank">https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa</a></span><br/><br/><span>KEY TAKEAWAYS</span><br/><span>Most sub-Saharan nations have such low per capita incomes that it would take decades of double-digit growth to attain U.S. living standards.</span><br/><span>Nations that industrialize successfully often begin with small-scale efforts and progress to mass-producing heavy industrial goods.</span><br/><span>African countries could follow this development pattern with government-provided infrastructure and other support.</span><br/><br/><span>When considering income disparities across nations, the differences often can be striking, particularly for nations in the sub-Saharan region of Africa. Per capita income in many poor countries like these is 30 to 50 times smaller than in the U.S. In sub-Saharan Africa, 38 of 48 countries had gross national income (GNI) per capita levels below $2,300 in 2019, while GNI per capita was $65,850 in the U.S., according to data from the World Bank’s World Development Indicators database.</span><br/><br/><span>Generations of economists have studied economic development and given policy suggestions to officials in poor countries in Africa and elsewhere, but the disparities remain. To catch up to U.S. living standards, they would need to grow at about 11% per year for 40 to 50 years—an almost impossible standard that only China has come close to achieving in recent history.</span><br/><br/><span>The New Stage Theory of Development</span><br/><span>The commonality between successful Asian countries’ industrialization (such as China’s rapid rise in the past 40 years) and successful European nations’ industrialization (such as the British Industrial Revolution in the 18th* and 19th centuries) is that these economies all went through three key stages during their industrialization, according to the New Stage Theory of Development (NST):1</span><br/><br/><span>Proto-industrialization, which features massive numbers of workshops in rural areas with small-scale production of basic consumer goods for long-distance trade</span><br/><span>A first industrial revolution, which features mass production of labor-intensive, light consumer goods for domestic and international markets</span><br/><span>A second industrial revolution, which features mass production of capital-intensive, heavy industrial goods</span><br/><span>The first stage is very important but has been largely ignored by development economists. During this initial stage, rural farmers or poor households in urban areas use their free time to manufacture simple products and engage in long-distance trade. This raises their income and nurtures the formation of an increasingly unified market and primitive production networks, while developing entrepreneurship and labor skills. 2</span><br/><br/><span>During the second stage, large-scale factory systems become prevalent for light industries such as textiles, processed food, toys and furniture. This mass-production stage is labor-intensive, export oriented and benefits from poor countries’ comparative advantage in cheap labor. Mass production in the second stage is profitable only because proto-industrialization has created a large enough market and distribution networks for consumer goods.</span><br/><br/><span>Finally, the expansion of light industry in the second stage facilitates the formation of a large enough market for heavy industrial goods—such as means of transportation, energy, steel and heavy equipment. This is not only because the income of workers needs to be high enough to purchase big-ticket items such as automobiles, but because mass production of heavy industrial goods is profitable only after the second stage creates a mass-production chain to support their demand. 3</span></p> Muneeb Sikander@MuneebASikand…tag:nedians.ning.com,2022-09-21:1119293:Comment:4106982022-09-21T17:25:35.229ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p>Muneeb Sikander<br></br>@MuneebASikander<br></br>1/2 Pak Flood hit rural economy</p>
<p>Work produces things of value and transforms physical world in ways to make life better and survival possible.</p>
<p>But without organised and purposeful productive action, i.e., work, not possible for most people asis at the base of economic order…</p>
<p><br></br></p>
<p>Muneeb Sikander<br/>@MuneebASikander<br/>1/2 Pak Flood hit rural economy</p>
<p>Work produces things of value and transforms physical world in ways to make life better and survival possible.</p>
<p>But without organised and purposeful productive action, i.e., work, not possible for most people asis at the base of economic order</p>
<p><br/><a href="https://twitter.com/MuneebASikander/status/1572606162939289601?s=20&t=hDUZH4AawwsjZEdasU77jw" target="_blank">https://twitter.com/MuneebASikander/status/1572606162939289601?s=20&t=hDUZH4AawwsjZEdasU77jw</a></p>
<p>----------------</p>
<p>2/2 Flood hit rural areas</p>
<p>Agrarian to agriculture/livestock based or limited workshop industry. Limited Agri TFP + 15.4 million at poverty risk</p>
<p>1. Need for agri TFP improvement<br/>2., Need to diversify economic base by Proto-industrialization,</p>
<p><a href="https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa" target="_blank">https://www.stlouisfed.org/publications/regional-economist/second-quarter-2021/how-jump-start-industrialization-sub-saharan-africa</a></p>
<p><a href="https://twitter.com/MuneebASikander/status/1572606221076819970?s=20&t=hDUZH4AawwsjZEdasU77jw" target="_blank">https://twitter.com/MuneebASikander/status/1572606221076819970?s=20&t=hDUZH4AawwsjZEdasU77jw</a></p> Pakistan light oil pipeline p…tag:nedians.ning.com,2022-06-17:1119293:Comment:4089142022-06-17T20:36:16.309ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p>Pakistan light oil pipeline project undertaken by CPP completed<br></br><br></br><a href="http://en.ce.cn/Insight/202206/13/t20220613_37750580.shtml" target="_blank">http://en.ce.cn/Insight/202206/13/t20220613_37750580.shtml</a><br></br><br></br>FAISALABAD, Jun. 13 (Gwadar Pro) –Recently, the MFM MoGas Project – (MFM MP) Phase-II (TS-3 & TS-4), constructed by China Petroleum Pipeline Engineering Co., Ltd. (CPP) was officially completed and successfully passed the owner's inspection.<br></br><br></br><br></br>“Since…</p>
<p>Pakistan light oil pipeline project undertaken by CPP completed<br/><br/><a href="http://en.ce.cn/Insight/202206/13/t20220613_37750580.shtml" target="_blank">http://en.ce.cn/Insight/202206/13/t20220613_37750580.shtml</a><br/><br/>FAISALABAD, Jun. 13 (Gwadar Pro) –Recently, the MFM MoGas Project – (MFM MP) Phase-II (TS-3 & TS-4), constructed by China Petroleum Pipeline Engineering Co., Ltd. (CPP) was officially completed and successfully passed the owner's inspection.<br/><br/><br/>“Since we officially entered the Pakistani market in July 2014 and registered the Pakistan Branch of China Petroleum Pipeline Engineering Co., Ltd. in October 2017, we have completed a total of 9 projects here. Beyond all question, the light oil pipeline project means another challenge for us," said Wang Desheng from the TS-3 & TS-4 EPC Project Department in an exclusive interview with Gwadar Pro.<br/><br/>“Our owner, Pak–Arab Refinery Limited (PARCO), operates a pipeline transportation system of more than 2,000 kilometers, from Karachi in the south to Lahore in the north, which can be described as the main artery that helps Pakistan’s north-south energy transmission. In recent years, demand for motor gasoline has grown rapidly in north and central Pakistan, so the PARCO started planning to use the same pipeline to transport gasoline to alleviate the shortage in the region, thereby stabilizing its market share in north-central Pakistan,” Wang told Gwadar Pro, “therefore, Mahmood Kot-Faisalabad-Machike (MFM) Pipeline Phase II Reconstruction and Expansion Project came into being, which also included our project.”<br/><br/>The TS-3 and TS-4 stations are located in Faisalabad and Sheikhupura, Punjab, respectively. The former includes a single gasoline storage tank (42 meters in diameter, 12.6 meters in height, and a tank capacity of 15,000 cubic meters), a fire water storage tank (15.24 meters in diameter, 13.1 meters in height and a tank capacity of 2200 cubic meters), etc. The latter includes 2 single gasoline storage tanks (42 meters in diameter, 12.6 meters in height and a tank capacity of 15,000 cubic meters), a fire water storage tank (18.2 meters in diameter, 14.63 meters in height and a tank capacity of 3500 cubic meters) and related supporting facilities.<br/><br/>According to Wang, their project has always adhered to the strictest engineering quality standards since the start of construction in November 2017 until the owner issued the completion certificate recently. “During the construction period of several years, our team overcame challenges such as local climate, customs differences, project safety, and successfully overcame the huge difficulties brought by the COVID-19 epidemic, and the project proceeded smoothly. It can be said that the owner's affirmation means our success,” Wang emphasized.<br/><br/>Besides, as for employment, the project also created a series of jobs to local technical talents. The reporter learned that during the peak construction period, the total number of people on site reached nearly 400. The project department recruited a group of skilled and experienced Pakistani engineers, and the person in charge of HSE also provided training on epidemic prevention and various rules and regulations.<br/><br/>In Wang’s view, there are huge opportunities for cooperation between CPP and Pakistani companies in the oil and gas industry, which has a considerable market in Pakistan. At present, the CPP has established good cooperative relations with major oil and gas industry owners such as SSGC, SNGPL, PARCO, ISGS, OGDCL, etc. in Pakistan, and has won a good reputation locally. “In the future, we will always pay attention to local policy trends and seize the opportunity to promote the comprehensive development of large-scale oil and gas projects in the China-Pakistan Economic Corridor. China-Pak friendship Zindabad!”</p>
<p class="comment-timestamp"></p> ADB study stresses economic c…tag:nedians.ning.com,2022-02-02:1119293:Comment:4064542022-02-02T14:54:56.741ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p><span>ADB study stresses economic corridor development to transform Pakistan's economy</span><br></br><br></br><span><a href="https://www.dawn.com/news/1672882" target="_blank">https://www.dawn.com/news/1672882…</a></span><br></br><br></br><br></br></p>
<p><span>ADB study stresses economic corridor development to transform Pakistan's economy</span><br/><br/><span><a href="https://www.dawn.com/news/1672882" target="_blank">https://www.dawn.com/news/1672882</a></span><br/><br/><br/><span><a href="https://www.adb.org/sites/default/files/publication/768396/economic-corridor-development-pakistan.pdf" target="_blank">https://www.adb.org/sites/default/files/publication/768396/economic-corridor-development-pakistan.pdf</a></span><br/><br/><br/><span>Explaining the rationale behind selecting the routes, the study said: "[They] offer real untapped economic potential with opportunities to diversify; good development synergy for linking production networks especially small and medium-sized enterprises with markets and other economic agents; close links to the CPEC (China-Pakistan Economic Corridor) and Carec (Central Asia Regional Economic Cooperation) routes; and favourable prospects for connecting and realising the economic potential of underdeveloped regions in Balochistan and Khyber Pakhtunkhwa."</span><br/><br/><span>Maximising CPEC benefits</span><br/><span>The study also touched upon CPEC and said that it could pull off a number of economic objectives if it was implemented successfully.</span><br/><br/><span>However, it cautioned that CPEC alone could not improve the economy and would need to be supported by structural reforms to unleash its true potential.</span><br/><br/><span>The ADB report suggested four policy recommendations to fully benefit from CPEC.</span><br/><br/><span>Undertaking structural reforms to facilitate private sector development.</span><br/><span>Broadening the tax base to make use of the country's tax revenue potential and improve fairness of tax collection.</span><br/><span>Utilising transport infrastructure under CPEC to maximise investment return and turn it into a multilateral initiative.</span><br/><span>Expediting development of nine special economic zones planned along CPEC routes.</span></p> ADB study stresses economic c…tag:nedians.ning.com,2022-02-02:1119293:Comment:4064532022-02-02T14:54:35.524ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p><span>ADB study stresses economic corridor development to transform Pakistan's economy</span><br></br><br></br><span><a href="https://www.dawn.com/news/1672882" target="_blank">https://www.dawn.com/news/1672882…</a></span><br></br><br></br><br></br></p>
<p><span>ADB study stresses economic corridor development to transform Pakistan's economy</span><br/><br/><span><a href="https://www.dawn.com/news/1672882" target="_blank">https://www.dawn.com/news/1672882</a></span><br/><br/><br/><span><a href="https://www.adb.org/sites/default/files/publication/768396/economic-corridor-development-pakistan.pdf" target="_blank">https://www.adb.org/sites/default/files/publication/768396/economic-corridor-development-pakistan.pdf</a></span><br/><br/><span>Pakistan has the potential of becoming a hub of economic activity for Central, South and West Asian countries if it follows the model of economic corridor development (ECD), the Asian Development Bank said in a study released on Wednesday.</span><br/><br/><span>The ADB study, titled "Economic Corridor Development in Pakistan: Concept, Framework, and Case Studies", examined how Pakistan could address economic challenges through ECD.</span><br/><br/><span>In the foreword, ADB Central and West Asia Department Director General Eugene Zhukov noted that Pakistan had not yet been able to attain a sustained growth path "to move beyond its historic lacklustre and stop-and-go pattern, characterised by 'booms and busts' every three to four years".</span><br/><br/><span>"Through market reforms, Pakistan needs to transform its economy into an export-led growth trajectory. In addition to improving the economy’s competitiveness and productivity with a vibrant private sector, it is critical to attracting domestic and foreign investments to support this transformation," he said.</span><br/><br/><br/><span>The official went on to say that Pakistan had already adopted and implemented an ECD-focused strategy as part of its core development and growth framework.</span><br/><br/><span>"ECD can be one of the most credible ways to help the government achieve its socio-economic objectives of reaching the upper-middle-income status by 2025," Zhukov said.</span><br/><br/><span>However, he cautioned that private sector development and a fair and efficient tax system were also required for transforming the economy to export-led growth.</span><br/><br/><span>Defining ECD, the study said that it aimed to promote economic growth by connecting different economic agents along defined geographic areas.</span><br/><br/><span>When implemented successfully, ECD supports economies of scale and scope and induces economic transformation and diversification through foreign direct investment.</span><br/><br/><span>"By enhancing domestic connectivity and linking lagging regions [including secondary cities] with urban growth centres, ECD can help Pakistan become a hub of economic activity for Central, South, and West Asian countries," the study said.</span><br/><br/><span>It stated that the country could "revitalise" its economic growth through facilitating economic centres by bolstering them with an efficient transport network based on "robust infrastructure and supported by a business-enabling policy framework".</span><br/><br/><span>However, it pointed out that Pakistan currently lacked the administrative machinery for effectively managing ECD.</span><br/><br/><span>"Its complex tax administration and compliance requirements impede growth and expansion of private investment, project management and implementation are weak, and a coherent regulatory framework for land use and urban development is lacking."</span><br/><br/><span>The study proposed several recommendations which could enable Pakistan to tackle these challenges:</span><br/><br/><span>Empowering a central corridor planning and development agency to oversee the overall development and management of ECD.</span><br/><span>Strengthening an overall policy framework for ECD, including streamlining policies for transport, logistics, public-private partnerships, land use, zoning regulations, business regulatory framework and taxation regimes.</span><br/><span>Providing institutional support for skills development to align labour force skills with industry needs.</span><br/><span>Link current industrial clusters and urban areas with new industrial hubs and urban centres through infrastructure networks.</span><br/><span>Seeking ways to channel partial resources from overseas Pakistanis into profitable investment ventures to fund ECD-related projects.</span><br/><span>The study also identified four routes that could be used for a pilot ECD programme: M4 Motorway linking Faisalabad and Multan, N70 (national highway) connecting Multan and Killa Saifullah, N50 (national highway) linking Dera Ismail Khan and Kachlak, and the Hazara Motorway (E35 Expressway) from Islamabad to Mansehra</span></p> First HVDC transmission line…tag:nedians.ning.com,2022-01-05:1119293:Comment:4054922022-01-05T06:19:42.312ZRiaz Haqhttp://nedians.ning.com/profile/riazul
<p>First HVDC transmission line tested with full load of 4,000MW</p>
<p><br></br><a href="https://www.thenews.com.pk/print/878333-first-hvdc-transmission-line-tested-with-full-load-of-4-000mw" target="_blank">https://www.thenews.com.pk/print/878333-first-hvdc-transmission-line-tested-with-full-load-of-4-000mw</a></p>
<p>Dubbed as flagship China Pakistan Economic Corridor (CPEC) project, 660kV Matiari-Lahore HVDC Line is the largest ever transmission sector project of the country in terms of its…</p>
<p>First HVDC transmission line tested with full load of 4,000MW</p>
<p><br/><a href="https://www.thenews.com.pk/print/878333-first-hvdc-transmission-line-tested-with-full-load-of-4-000mw" target="_blank">https://www.thenews.com.pk/print/878333-first-hvdc-transmission-line-tested-with-full-load-of-4-000mw</a></p>
<p>Dubbed as flagship China Pakistan Economic Corridor (CPEC) project, 660kV Matiari-Lahore HVDC Line is the largest ever transmission sector project of the country in terms of its capacity as well as one of the longest in distance, connecting power generation units in the south with load centers upcountry.<br/>“The HVDC line transcends a geographical length of about 900 km, marking the start of an era of long-distance power transmission in the country,” said an official of National Transmission and Despatch Company (NTDC).</p>
<p>“It is a unique project in the sense that it introduces HVDC technology for the first time in the national grid, enriching the technology mix of the grid.”</p>
<p>The official added that the trial operation was being carried out through NTDC transmission system.</p>
<p>“The Project has a design capacity of 4,000MW and will help evacuate power from cheaper Southern coal power plants and deliver it to load centers in the North of the country.”</p>
<p>Above all, the official said, the ongoing trial operation of the transmission line helped in contributing the record highest power transmitted on August 11, 2021 at 24,467 MW through the national grid.</p>
<p>“In 2020, peak load sustained by the national grid was 23,370MW for one day and in 2018 it was just 20,811 MW. With the launching of HVDC Matiari-Lahore Transmission Project, power dispersal capacity of the national grid has seen a massive jump of 4000mw in one go,” said an official.</p>
<p>He added that the ongoing trial operation marked one of the last steps in the completion of the project.</p>
<p>“In this last stage it will be trial-operated for a few days continuously at various power levels and under various configurations to test it in full running condition,” said the official.</p>
<p>Furthermore, the Capability Demonstration Test of the Project will also be performed during this period.</p>
<p>It is informed that the equipment debugging, station commissioning, and system commissioning up to the level of high power bipole testing of the project has already been completed, certified by both the Independent Engineer from Italy and Owner Engineer from Canada.</p>
<p>Despite Covid-19 pandemic, the overall work was completed by end of 2020. Earlier, the project was expected to be commissioned by March 2021 after going through trial run. However, after reaching an amicable solution, the contractor and NTDC agreed in writing to conduct trial run during peak load of summer months with COD in September 2021.</p>