Minister Ahsan Iqbal announces $4 billion CPEC investment

Web DeskMay 24, 2024 11:12 AMbusiness
  • CPEC injects $4 billion into Pakistan's power sector
  • Strategic partnership between China and Pakistan drives progress
  • CPEC fosters sustainable development and economic prosperity
Minister Ahsan Iqbal announces $4 billion CPEC investmentImage Credits: tribune.com.pk
Pakistan's Minister for Planning and Development, Ahsan Iqbal, announces a $4 billion investment in the power sector through CPEC, highlighting the strategic partnership between China and Pakistan driving progress and sustainable development.

Pakistan's Minister for Planning and Development, Ahsan Iqbal, has announced a significant development in the country's power sector. As part of the China-Pakistan Economic Corridor (CPEC), an additional $4 billion investment is set to be injected into the sector. This investment marks a major step towards enhancing the country's infrastructure and ensuring a more reliable power supply for its citizens.

Since its inception in 2013, CPEC has been instrumental in driving progress and development in Pakistan. Minister Iqbal highlighted the remarkable advancements made over the past decade, attributing much of the success to the strategic partnership between China and Pakistan. CPEC, a flagship project under China's Belt and Road Initiative, has not only boosted economic growth but also paved the way for high-quality infrastructure projects in the region.

The latest investment in Pakistan's power sector through CPEC underscores the continued commitment to fostering sustainable development and improving the quality of life for the country's residents. With ongoing initiatives like CPEC, Pakistan is poised to achieve greater economic prosperity and infrastructural advancement in the years to come.

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