Around Rs250 billion of the CPEC power projects had been stuck up in the circular debt of which the government has now decided to clear Rs100 billion. For the completion of the desalination plant in Gwadar, China has now shared a list of three Chinese companies for shortlisting. However, Pakistan has concerns over the marketing plan prepared by the Chinese operators for the promotion of the Gwadar Free Zone. The completion of the Basima-Khuzdar road by mid of this year is also expected to enhance the commercial viability of the Gwadar port. Similar agreements have also been signed for Early Harvest CPEC Projects on energy and infrastructure.

Source: The Express Tribune February 05, 2022 09:15 UTC