Minister apprises NA regarding CPEC projects

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar informed the members of National Assembly (NA) regarding the details of China Pakistan Economic Corridor (CPEC) projects.

invest with imarat

Islamabad’s emerging city centre

Learn More

The minister shared that the total cost of CPEC projects is approximately $50 billion, out of which 13 projects worth approximately $11bn are complete, 13 projects at a cost of $18bn are underway, whereas projects accounting for the remaining $21bn are in the pipeline.

In response to questions of the MNAs during the question hour session, the minister informed that the second memorandum of understanding (MoU) with China will secure the establishment of a joint working group under CPEC for elevation and execution of the Socio-Economic Development Project through Chinese government grants and interest-free loans under CPEC focusing on six sectors.

The sectors which have been identified for cooperation are agriculture, education, medicine, poverty alleviation, water supply, and vocational training.

For more blogs and news, visit graana.com.

Maham Tahir

Recent Posts

Government Rolls Out First-Ever 20-Year Home Loan Scheme

In a major step toward making homeownership more accessible, Finance Minister Muhammad Aurangzeb has introduced…

7 hours ago

Dubai Property Market Records $88.76B in Sales in First Half of 2025

Dubai’s property market has recorded an exceptional first half of 2025, with residential real estate…

8 hours ago

Shafiq Akbar, Chairman IMARAT Group, Honoured at UK Parliament

LONDON: British Pakistani entrepreneur Shafiq Akbar was honoured at the UK Parliament in recognition of…

1 day ago

KP Launches Inaugural Village-Level Sanitation Program

Peshawar: In a landmark move, the Khyber Pakhtunkhwa (KP) government is set to launch its…

1 day ago

IMARAT Partners with Wild Wings to Enhance Lifestyle Benefits for Employees and Clients

Islamabad, July 2025 — In a continued effort to enrich the experiences of its community,…

3 days ago

LDA posts 44% surge in revenue under CM’s vision

Lahore: The Lahore Development Authority (LDA) has achieved a record-breaking 44% increase in revenue during…

3 days ago