Sharif unveils major road project

Image
Press Trust of India Islamabad
Last Updated : Apr 28 2016 | 9:14 PM IST
Pakistan Prime Minister Nawaz Sharif today inaugurated a motorway as part of the USD 46 billion China Pakistan Economic Corridor (CPEC) project that passes through PoK.
The 120-km Havelian-Thakot Motorway section passes through Abbottabad and Mansehra districts of Khyber-Pakhtunkhwa.
It is part of the CPEC and will be completed in 42 months with a cost of about Rs 134 billion.
"I am putting the country on the path of progress while opposition wants to derail it," he told thousands the gathering.
The motorway announced today is major initiative to complete the CPEC at the earliest and China Exim bank will fund 90 per cent of the project.
Pakistan will finance the remaining 10 per cent.
The CPEC will link western China to southern part of Pakistan through a network of roads, railways and other developmental projects.
On Panama Papers controversy, Sharif said he had already tasked the Supreme Court to set up a probe commission.
Sharif's two sons and a daughter have been named in the leaked papers for alleged links offshore companies.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 28 2016 | 9:14 PM IST

Next Story