Pakistan Economy Thread

[timepass]

Huawei for going to set up media technology university in Pakistan.....

Minister for Information and Broadcasting Chaudhry Fawad Hussain discussed cooperation with Huawei Technologies delegation in the realm of digitalization and effective implementation of e-governance in the different government institutions of Pakistan.

He said that the government’s plan for a paperless official working environment was being pursued vigorously. Emphasizing the need to follow e-governance, he said that all-out efforts would be made for provision of broadband and internet services aiming at a broader outreach, both for the general public and the government.

The minister also apprised the delegation about the government’s initiative to establish a media technology university and said that Huawei’s cooperation would be welcomed in making state-of-the-art and technically well-equipped modern education institutions.

https://www.facebook.com/developingPak/photos/a.858002447660788/3707035326090805

 

[timepass]

Pakistani Rupee Becomes World’s Best Performing Currency Against the US Dollar​

Rupee gained Rs17/- against $ in last few months.....

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[BlackWindMnt]

Wow it nice to see Pakistan prosper more in these hard times.

 

[Strangelove]

 

[gelgoog]

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Karachi 3 passes acceptance tests​

19 April 2022
Unit 3 of the Karachi nuclear power plant in Pakistan passed acceptance tests on 18 April, marking the Chinese-supplied Hualong One reactor's entry into commercial operation, China National Nuclear Corporation (CNNC) announced.

Karachi units 2 and 3 (Image: CNNC)

A ceremony held to mark the end of acceptance tests was attended by representatives of CNNC and the Pakistan Atomic Energy Commission (PAEC), including CNNC President Gu Jun and PAEC Chairman Ali Raza.

"At the meeting, both China and Pakistan expressed that nuclear energy is playing an increasingly important role in promoting Pakistan's economic and social development, improving people's livelihood, and boosting green and low-carbon transformation," CNNC said.

Construction of Karachi 3, the second of two Hualong One units to be built near Paradise Point in the province of Sindh, began in May 2016. Hot functional testing of Karachi 3 - which simulate the temperatures and pressures that the reactor systems will be subjected to during normal operation and are carried out before loading nuclear fuel - was completed ahead of schedule on 4 November last year. It achieved first criticality on 21 February and was connected to the grid on 4 March. The 1100 MWe pressurised water reactor reached 100% capacity for the first time on 31 March.

Various performance and commissioning tests were carried out at power levels of 25%, 30%, 50%, 75% and 87% capacity. Karachi 3 has completed a 100-hour demonstration run, marking its entry into commercial operation.

Karachi 2 entered commercial operation in May last year. The units are the first exports of CNNC's Hualong One, which is also promoted on the international market as HPR1000.

CNNC noted Karachi 2 and 3 will provide Pakistan with nearly 20 billion kWh of clean electricity every year, meeting the annual demand of the local population of 2 million people. The units will reduce the equivalent standard coal consumption by 6.24 million tonnes per year, cutting carbon dioxide emissions by 16.32 million tonnes.

The Karachi site - also sometimes referred to as KANUPP - was home to Pakistan's first nuclear power reactor, Karachi 1 - a small 100 MWe (90 MWe net) Canadian pressurised heavy water reactor which shut down in 2021 after 50 years of operation.

The first domestic demonstration plants of CNNC's Hualong One design are Fuqing 5 and 6, in China's Fujian province. The units entered commercial operation in January 2021 and March this year, respectively.

Nuclear energy currently provides around 8% of Pakistan's energy mix from five reactors: four CNNC-supplied CNP-300 pressurised water reactors at Chashma in Punjab, and Karachi 2. CNNC in 2017 signed a cooperation agreement with the Pakistan Atomic Energy Commission on the construction of a Hualong One as a fifth unit at Chashma.
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[Dalit]

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I wonder how CPEC and other Chinese economic cooperation with Pakistan will be impacted now considering the US regime change plot has succeeded in Pakistan. It is a pity that a pro-Chinese government was overthrown with the supposed help of US interference. It is now becoming clear that the upper echelon of the Pakistani army and the opposition was also involved in this henious act.

 

[Michaelsinodef]

I wonder how CPEC and other Chinese economic cooperation with Pakistan will be impacted now considering the US regime change plot has succeeded in Pakistan.

The new pm said he would fast track CPEC and the likes (Imran in fact did actually temporarily halt CPEC projects in like his first and 2nd year in power I believe as well).

Also, Pakistan will simply (for the near future, 10-20 years at the very least) NOT be anti-China.

 

[Dalit]

The new pm said he would fast track CPEC and the likes (Imran in fact did actually temporarily halt CPEC projects in like his first and 2nd year in power I believe as well).

Also, Pakistan will simply (for the near future, 10-20 years at the very least) NOT be anti-China.

The Imran Khan government renegotiated certain CPEC projects. CPEC never came to a complete halt. It is now becoming clear that the upper echelon of the Pakistani army and the opposition were also involved in this henious act.

The Pakistani army has traditionally acted an invisible force that intervenes and interferes in political and economic matters. Lately the US Biden regime has been very positive of Pakistani army. This gives one the impression that the army wants to also reside in US camp. Is this a dangerous development for Chinese and Pakistani economic prospects? It is a well-known fact that US demands an end to CPEC. If a legitimate government can be overthrown on US request surely other US demands and pressures can also become an unfortunate reality?

 

[Michaelsinodef]

The Imran Khan government renegotiated certain CPEC projects. CPEC never came to a complete halt. It is now becoming clear that the upper echelon of the Pakistani army and the opposition were also involved in this henious act.

My understanding (based on various stuff I read/heard) is that Imran delayed a number of projects in his first 1-2 years, things didn't come to a complete halt yes, but he still delayed projects.

The Pakistani army has traditionally acted an invisible force that intervenes and interferes in political and economic matters. Lately the US Biden regime has been very positive of Pakistani army. This gives one the impression that the army wants to also reside in US camp. Is this a dangerous development for Chinese and Pakistani economic prospects? It is a well-known fact that US demands an end to CPEC. If a legitimate government can be overthrown on US request surely other US demands and pressures can also become an unfortunate reality?

And I'm saying that the new pm and government still wants to continue CPEC (and they also wants to accelerate it).
As for the army, I'm not sure, but to my understanding they 'stopped backing Imran' and are taking a somewhat neutral position.

As for the army of the new government going into the US camp, again very unlikely. More likely is warming up the relationship because Imran really froze/destroyed it, and this warming up will at most just make it so there's a 'neutralish' relation between Pakistan and the US (not currently in Pakistans interest to be OPENLY hostile/against the US).

 

[Dalit]

My understanding (based on various stuff I read/heard) is that Imran delayed a number of projects in his first 1-2 years, things didn't come to a complete halt yes, but he still delayed projects.

And I'm saying that the new pm and government still wants to continue CPEC (and they also wants to accelerate it).
As for the army, I'm not sure, but to my understanding they 'stopped backing Imran' and are taking a somewhat neutral position.

As for the army of the new government going into the US camp, again very unlikely. More likely is warming up the relationship because Imran really froze/destroyed it, and this warming up will at most just make it so there's a 'neutralish' relation between Pakistan and the US (not currently in Pakistans interest to be OPENLY hostile/against the US).

Yes, the PML-N government has a tendency of accelerating projects etc., but that isn't necessarily always in Pakistan's interest.


Pakistan will have to choose a side and that is exactly what the US has always demanded. From WoT to Russian war in Ukraine condemnation. Pakistan cannot remain neutral and that is the whole problem.