The Kyber Pakhtunkhwa government signed eleven memoranda of understanding with the Chinese firms for development projects in the province. This comes as part of the China Pakistan Economic Corridor.
These projects are likely to cost Rs 60 billion, and will include construction of bus terminal, health city, CPEC tower and other residential and commercial infrastructure. Information technology, power plants, oil refinery, e-cmmerce and special economic zones are also part of these agreements.
From the KPK’s side, Local Government Secretart Jamal Shah signed these MoUs, while the Minister for Local Government Inayatullah and Peshawar Development Authority (PDA) Director General Salim Watto also attended the event. PDA will be executing these projects along with the Chinese companies. The Chinese authorities will also visit Pakistan in near future to finalize the execution process.