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China strengthens Pakistan’s monetary position
Last Updated: 2019-01-10 16:33 | INP
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PAKISTAN - Chinese official and private sectors have been playing pro-active role in the recent years, strengthening Pakistan’s mandatory position.

The government’s sectors had been forthcoming in helping the country through grant, loans and investment giving boost to Pakistan’s economy, mainly under the China-Pakistan Economic Corridor (CPEC).

As far as private sector is concerned, just in one case, Chinese company, the Power China alone has paid $167 million to Pakistan in term of taxes and duties, since the operationalization of Port Qasim coal-fired power plant.

There are other companies as well in Pakistan which contribute to national exchequer, paying their due role in strengthening of the country’s financial network.

According to the Chinese media group, the China Economic Net, there are other areas where the role of Chinese companies are highly commendable in the context of Pakistan’s overall socio-economic development.

According to the report of China Economic Net, till present, Port Qasim coal-fired power plant has paid more than 167 million US dollars of different kinds of taxes and duties to the federal and provincial governments of Pakistan.

Furthermore, POWER CHINA creates over 4,000 employment opportunities for the local people in the peak period of construction.

More than 600 long-term stable employment opportunities have been provided after entry of commercial operation. Also, the project indirectly increases local jobs by over ten(10) thousand in relevant fields such as materials supply, equipment transportation, legal advice, financial audit etc..

According to the report, in the future, the average annual energy output is around nine(9) billion kWh, which is expected to support 4 million local families’ and more than 20 million peoples’ daily power consumption and effectively improve the local power shortage situation and provide continuous power for Pakistan’s economic development.

The cumulative energy output of Port Qasim coal-fired power plant is up to 7.559 billion kWh with its aggregate grid output of 7.1 billion kWh.

According to the media’s , the power generation capacity of Port Qasim power plant is equivalent to 10% of the current national power generation capacity in Pakistan, which has played an important role in promoting the structural adjustment and economic development of Pakistan’s power industry.

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China strengthens Pakistan’s monetary position
Source:INP | 2019-01-10 16:33
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