Currently acting Chinese Ambassador to Pakistan, Zhao Lijan said that China will set up a new steel mill in Gawadar which will definitely help making further progress in the project i.e China-Pakistan Economic Corridor(CPEC) Project.
He also mentioned the history of the gawadar port, they way the charge of Gawadar port was given to Singapore and no progress was made for more than 5 years. It is because of China, today the port is functional. In the conference of Strategic Vision Insititue(SVI), he talked about the agreement which both China and Pakistan will sign. According to this agreement the steel factory, three times bigger than the free economic zone being be set up in Gawadar city.
As we all know that industrial development is one of the major objective of CPEC, the Ambassador therefore, will discuss the details in is next scheduled meeting of Joint Cooperation Committee(JCC).
Power Plants under construction
A Number of different types of Power Plants for example Hydro Power, coal based, Solar based power plants will be built in different regions of Pakistan including Suki Kinari, Sahiwal, Thar in order to overcome the shortage of electricity in Pakistan. All the construction of the power plants will be completed in next two years.