ISLAMABAD – Over one billion dollars of Chinese investment is expected inGwadar Free Zone phase two inaugurated by Prime Minister Imran Khan,Minister for Planning and Development Asad Umar said Tuesday.
Speaking with media persons in Gwadar, the ruling party member said thatChina is interested in investing over $1 billion in this mega project. TheSouth Balochistan project was 35 times bigger than the Phase-1 of the Northfree zone of Gwadar, he added.
At least 53 development projects worth over Rs600 billion have beenincluded in the development programme of the current fiscal year (2021-22),the Public Sector Development Programme (PSDP) contains around Rs1200billion development projects for Balochistan, the former Finance Ministersaid.
Asad opined that it is for the first time that such development works werebeing executed in Balochistan under the leadership of Prime Minister ImranKhan, adding that all this was being done in coordination with theBalochistan government.
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Sharing further details about the development project in the country’slargest province by land, he stated that record development is beingcarried out in Balochistan province on the instructions of the premier.
