Pakistan-China economic zone a dead project
August 17th, 2011 - 1:30 pm ICT by IANSIslamabad, Aug 17 (IANS) An ambitious Pakistan-China Economic Zone that was to be spread over 1,000 acres in Khyber Pakhtunkhwa province is now “a dead project”, said an official.
The provincial government has decided to expand the Hattar Industrial Estate by using 1,000 acres originally meant for Pak-China Economic Zone.
“The Pak-China Economic Zone (CPEZ) is a dead project now and a part of the land acquired for it has to be used for some other purpose,” an official told Dawn.
The economic zone was part of the President’s Initiatives for Trade, Energy, Transport and Industrial Corridor that was launched in February 2007. It invesigated the creation of new economic opportunities with the China’s support.
An official said the federal government shelved this project due to financial crunch and the decision on whether to continue with the project was left to the province.
“…since the land has already been acquired the government has decided to expand the existing Hattar Industrial Estate, as the land is adjacent to the estate and there is also a demand for new plots,” said the official.
He said the Khyber Pakhtunkhwa government had allocated Rs.400 million for the infrastructure development.
- Karnataka SMEs to get 30 percent of industrial land - Jun 22, 2011
- Rights group accuses Kamat, Congress MLA of land scam - Feb 09, 2011
- 33.86 cr annuity to Haryana farmers for acquired land - Mar 03, 2010
- Andhra court declares prime land allotted to MNCs Wakf property - Apr 03, 2012
- Goa Trinamool promises to return farm land - Feb 05, 2012
- Bengal industry disagrees with land panel's recommendation - Jun 18, 2011
- 27 killed as `schoolboy' bomber attacks Pakistan Army centre (Third Lead) - Feb 10, 2011
- Ascendas, Japanese firms to build industrial township near Chennai - Jan 10, 2012
- NTPC committed to go ahead with Bengal project - Jul 18, 2011
- Yeddyurappa charge sheeted in land case - May 21, 2012
- CCCL and Tidco to promote food processing SEZ - Jul 16, 2010
- In spotlight: Haryana's land acquisition policy - Aug 30, 2010
- 27 security firms banned in Pakistan - Mar 03, 2012
- Land acquisition for Posco to resume despite protest - May 08, 2011
- 1,600 dead, 15 mn affected in Pakistan floods (Lead) - Aug 07, 2010
Tags: china, dawn, economic opportunities, economic zone, energy transport, federal government, financial crunch, industrial corridor, infrastructure development, initiatives, pakistan, provincial government