AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Inclusion Of Karachi Coastal Development Program In CPEC Is Game Changer For Karachi: PM

admin-augaf by admin-augaf
September 27, 2021
in Business
Reading Time: 3 mins read
0
Inclusion Of Karachi Coastal Development Program In CPEC Is Game Changer For Karachi: PM

Inclusion Of Karachi Coastal Development Program In CPEC Is Game Changer For Karachi: PM

Share on FacebookShare on TwitterWhatsapp

Islamabad September 27 2022: Inclusion of Karachi Comprehensive Coastal Development Zone in CPEC is game changer says Prime Minister Imran Khan.

"This project Will cleanup our marine habitat for fishermen, develop 20k low income housing units and present opportunities for investors. Will put Khi at par with developed port cities" he added


A L S O || R E A D

FBR Removed Sales Tax On Fruit Imports From Afghanistan


This monumental decision was taken during the 10th Joint Cooperation Committee (JCC) on CPEC, held on 23rd September 2021 at Islamabad and Beijing.

The two countries agreed to include Karachi Coastal Comprehensive Development Zone (KCCDZ) under the CPEC framework. KCCDZ, an initiative of the Ministry of Maritime Affairs focuses on providing Karachi with an ultra modern urban infrastructure zone, placing Karachi amongst the top port cities of the world. In a first of its kind even for CPEC, the planned multibillion dollar mega KCCDZ project will be built on direct Chinese investment in partnership with Karachi Port Trust (KPT).

The quantum of expected investment is around USD 3.5 billion.


A L S O || R E A D

No Flight Of Dollars From Pakistan To Afghanistan: FBR


Developed on reclaimed area of approximately 640 hectares on the Western back waters marsh land of KPT, KCCDZ will be a flagship project for not only Pakistan but the entire region.

In accordance with PM Imran Khan’s vision for promoting low-cost housing, KCCDZ will also provide residential resettlement to more than 20,000 families living in the surrounding slums. The environment friendly mega KCCDZ, envisages 4 new berths for KPT adding depth to Pakistan’s expanding maritime sector. It will also house a state-of-the-art fishing port, with a world class fisheries export processing zone to boost Pakistan’s trade potential. It will also drastically improve the marine ecosystem and reduce pollution by establishing a water treatment plant at the mouth of the Lyari River.

KCCDZ will connect with the rest of Karachi through a majestic harbor bridge rising from behind Pakistan’s Deepwater Port, with exit ramps for Manora Islands and Sandspit beach. KCCDZ carries enormous potential for global investors as well. KCCDZ will unlock Pakistan’s unexplored Blue Economy and significantly enhance development and industrial cooperation between the two brotherly countries. KCCDZ is a game changer for Pakistan.

admin-augaf

admin-augaf

Related Posts

IMF,
Business

IMF Sees ‘Substantial Progress’ by Pakistan Toward Loan Program

March 21, 2023
Tax Exemption for IT Freelances
Business

Pakistan Technology Exports Declined 3% In February 2023

March 20, 2023
Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China
Business

Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China

March 20, 2023

Recent News

IMF,

IMF Sees ‘Substantial Progress’ by Pakistan Toward Loan Program

March 21, 2023
Tax Exemption for IT Freelances

Pakistan Technology Exports Declined 3% In February 2023

March 20, 2023
Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China

Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China

March 20, 2023
Rich To Pay For 100 Rupees Subsidy On Petrol For Poor People – Pakistan Petroleum Minister

Rich To Pay For 100 Rupees Subsidy On Petrol For Poor People – Pakistan Petroleum Minister

March 20, 2023
PSX Added 30 New Companies To Shariah Compliant Index

Pakistan Stock Exchange Changes Two Brokerage Houses To Trading Only Category

March 20, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • IMF Sees ‘Substantial Progress’ by Pakistan Toward Loan Program
  • Pakistan Technology Exports Declined 3% In February 2023
  • Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

IMF,

IMF Sees ‘Substantial Progress’ by Pakistan Toward Loan Program

March 21, 2023
Tax Exemption for IT Freelances

Pakistan Technology Exports Declined 3% In February 2023

March 20, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.