Sunday, August 17, 2014 - Islamabad—Prime Minister Muhammad Nawaz Sharif has directed the authorities to immediately start work on Karachi-Lahore Motorway. He said this project is a continuation of PML-N’s economic road map which was started in the 90s. He issued the directives while chairing a meeting of Joint China Commission here on Saturday.
He said this project would generate economic activity and create more employment opportunities for the people besides attracting investment.
He said that China, a time-tested friend of Pakistan, is taking lot of interest in finding energy solutions for Pakistan.
He said Chinese government has committed investment worth $16 billion for Hydal, thermal, wind and solar power projects in Pakistan which would be completed in next three to four years ensuring provision of cheap electricity to the people. He said he would personally supervise progress on these projects.
The meeting was attended by Federal Ministers for Finance Mr. Ishaq Dar, Planning Mr. Ahsan Iqbal, SAFRON Lt. Gen. (Retd) Abdul Quadir Baloch, Special Assistant to PM Syed Tariq Fatemi, Secretary Finance and Secretary Planning and other senior government officials.
Re: PM orders to start work on Lahore-Karachi Motorway
It give no details. How many loops will the road, how many unnecessary changes to make sure it hits the right land along the way. How much overrun is projected and how much were the kickbacks and to whom? What is the interest loan of loans borrowed to pay for these projects. Any oversight? By whom? Every big project is scary, It just means more means of corruption. The details will trickle out few years down the road and 3 judge committee will look into the matter. coincidentally the committee happen to have relatives that bought land close to motorway but it was pure luck :)
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China’s President Xi Jinping. — File photo
LAHORE: Chinese President Xi Jinping will visit Pakistan later this month to lay foundation stone of some mega projects, said a senior official of the Foreign Office on Saturday. Date for the visit is being decided by the two sides.
An invitation to the Chinese president was extended by President Mamnoon Hussain during his visit to China in February.
The FO official said that the Chinese leader would lay the **foundation stone of the Lahore-Karachi motorway section **and a couple of power generation projects.
During Mr Xi’s visit officials of the two countries would also give final touches to the proposed Pakistan-China railway link.
China has announced **$32 billion **to be invested in next seven years in various Pakistani projects of infrastructure building and power sector.
