G-B to benefit from CPEC investment

China’s Challenge Group signed an accord with the Gilgit-Baltistan government


Our Correspondent May 30, 2021
The 30MW hydropower project at Ghowari District Ghanche G-B worth Rs16.39 billion was referred to Ecnec. PHOTO: FILE

LAHORE:

Chinese investment under the China-Pakistan Economic Corridor (CPEC) will bring an economic revolution in Pakistan, which will also benefit Gilgit-Baltistan (G-B), said G-B Chief Minister Khalid Khurshid. Talking to media on Saturday, he said that hydropower projects being constructed under CPEC in the region will supply power to the national grid but unfortunately the province was not connected to it. He recalled sharing the issue with Planning Minister Asad Umar who promised swift resolution. The province did not receive its due share after co-funding Chinese investment under CPEC, however, Prime Minister Imran Khan ended the abuse of its residents. “Prime Minister Imran Khan’s government has increased G-B’s share from Rs2 billion to Rs10 billion,” he said. According to him, China’s Challenge Group signed an accord with the Gilgit-Baltistan government under which 150 people will be immediately employed and this number will be rise to 2,000 in future.

Published in The Express Tribune, May 30th, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

E-Publications

Most Read

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ