ISLAMABAD: Pakistan and China are working towards early finalisation of a Long-Term Plan (LTP) for the China-Pakistan Economic Corridor (CPEC), a Chinese diplomat confirmed on Monday.

There are expectations that it could be finalised during the Belt and Road summit being hosted by China on May 14 and 15. Pakistan is participating in the summit.

The LTP, which covers the projects to be undertaken till 2030, has been behind the timeline set for its adoption. Currently, short-to-medium term projects are being pursued under CPEC, which relate to energy, infrastructure and connectivity. The LTP, officials say, defines the overall direction, ideas and goals of cooperation from present till 2030.

Earlier, Political and Press Counsellor at the Chinese Embassy Jian Han, speaking at a roundtable conference on ‘OBOR and CPEC from the Prism of China-Pakistan Bilateral Relations’ organised by the Strategic Vision Institute (SVI), had said that the LTP “would set the focus for CPEC construction in future”.

CPEC project director Hassan Daud Butt on the occasion said that Pakistan had already shared the draft LTP with China’s National Development and Reform Commission (NDRC) for approval and consideration for signing during the Belt and Road summit.

Mr Butt was also hopeful that Pakistan and China would soon conclude agreements for financing and construction of the Gwadar International Airport and East-Bay Expressway.

A Chinese diplomat separately told Dawn that PC-1 for both projects had been approved and an agreement was now being negotiated by the two governments.

Industrialisation phase

At the seminar, the CPEC director said that the project was set to enter the industrialisation phase.

Nine economic zones have been identified to be set up in different parts of the country. Currently feasibility studies are being undertaken and financial agreements are expected to be concluded by the next Joint Cooperation Committee meeting to be held later this year.

“We are expecting that by 2018 about 7,000MW of energy would be added to the national grid and linkages of eastern and western routes would be completed,” he said.

“The western route would be completed by July 2018, whereas eastern route would be ready by December 2018,” he said.

Published in Dawn, May 2nd, 2017

Opinion

Editorial

Updated 28 May, 2022

POL price shock

The state must look into exactly how much of an impact POL hikes have had on the prices of everyday items.
28 May, 2022

Changed laws

THERE will be much noise made over bills passed in the last two days by parliament to amend election and National...
28 May, 2022

Causing damage

FORMER prime minister Imran Khan’s remarks that he called off his protest, not because he had reached a deal but...
27 May, 2022

After the march

FORMER prime minister Imran Khan either ‘ran away’ from Islamabad or made a temporary, strategic retreat. It...
A tough decision
Updated 27 May, 2022

A tough decision

Decision to raise fuel prices will remove a major hitch of concluding a staff-level agreement with IMF.
27 May, 2022

Xinjiang files

QUESTIONS about the status of the Muslim Uighur people in China’s Xinjiang autonomous region often arise, with...