Tag: CPEC

CPEC’s Multan-Sukkur Motorway project to open this month for public

The Multan-Sukkur Motorway (M-5) which is part of the multi-billion dollar China Pakistan Economic Corridor (CPEC) project has been completed and will open for public this month. The motorway – stretching over 392 kms will reduce the duration of journey between the two cities from 6 hours to 3-3.5 hours. The mega project is completed at a cost of around Rs294 billion within 3 years. 

China to help FBR reduce misdeclarations at ports

Pakistan and China have decided to enter into an agreement to control misdeclaration at the country’s ports, as the menace has been causing massive revenue and foreign investment loss. In order to control corruption within the customs department and reduce misdeclaration, the two countries will automate the port data and declaration system. Currently, 62% of declared goods at port showed discrepancies.