Monday, February 1, 2021

PEACE Cable: Pakistan's Highest Bandwidth Undersea Internet Connection to Africa and Europe

Pakistan and East Africa Connecting Europe (PEACE) is  96 Tbps (terabits per second), 15,000 km long, privately owned submarine cable that will originate in Karachi, Pakistan and run underwater all the way to Marseilles, France via multiple points in the continent of Africa.  It is being built as part of Digital Silk Road sponsored by China. Cybernet and Jazz are the local landing and global connectivity partners of PEACE Cable System in Pakistan. It will enable high-speed access to a variety of content, cloud computing, gaming and video streaming platforms.  

PEACE Undersea Cable Route. Source: Submarine Cable Networks


The laying of PEACE undersea cable in Pakistan's territorial waters will begin in March, following government approval this month for Cybernet, a local internet service provider, to construct an Arabian Sea landing station in Karachi, according to Nikkei Asia. The Mediterranean section of the cable is already being laid, and runs from Egypt to France. The 15,000 kilometer-long cable is expected to go into service later this year.   

Mobile Broadband Subscriptions & Data Growth in Pakistan


A 820-kilometer long China-Pakistan fiber optic cable has already been laid between the city of Rawalpindi, Pakistan in the south and the Khunjerab Pass, China in the north  and operational since July, 2018. It is currently being extended to Karachi for connection to PEACE cable. 

Broadband Subscriptions Growth in Pakistan. Source: PTA

When completed, PEACE cable will be Pakistan's 7th highest bandwidth, lowest latency undersea connection to the global Internet system. Currently, there are 6 international submarine cable systems connecting Pakistan, including SMW3, SMW4, SMW5, IMEWE, AAE-1 and TW1. PTCL is the landing party in Pakistan for SMW3, SMW4, AAE-1 and IMEWE cable systems, operates cable landing stations in Karachi. SMW3, SMW4 and IMEWE land at Hawksbay, while AAE-1 lands at Clifton. Transworld Associates Private Limited (Transworld, or TWA) privately owns the TW1 cable system and is a member of the SMW5 consortium. Both TW1 and SMW5 land at Hawksbay and terminate at Transworld's cable landing station in Karachi.  


Pakistan has experienced a huge surge in Internet traffic during the COVID19 pandemic. Cellular Mobile Data usage in the country has soared from 2,545 petabytes in 2019 to 4,498 petabytes in 2020.  Total number of broadband subscriptions in the country has doubled from about 45 million in 2017 to 90 million in 2020,  according to the Pakistan Telecommunications Authority




13 comments:

Riaz Haq said...

ECNEC approves Rs 37.9bn second phase of Pak-China Optical Fiber Cable Project
* Project will pave way for establishment of cross-border OFC network along CPEC routes

https://dailytimes.com.pk/716538/ecnec-approves-rs-37-9bn-second-phase-of-pak-china-optical-fiber-cable-project/


Pakistan’s key decision-making body, the Executive Committee of the National Economic Council (ECNEC), approved Rs 37.9 billion worth Pak-China Optical Fiber Cable (OFC) Project Phase II.

According to a report published by Gwadar Pro, the project will pave the way for establishment of Cross-Border OFC Network (Khunjerab-Karachi) Along China Pakistan Economic Corridor (CPEC) routes. The project will provide alternate path for international connectivity through Northern Border of Pakistan with China and would transform Pakistan as a Digital Gateway of regional connectivity.

The Covid-19 response and other Natural Calamities Control Program was approved by the ECNEC at the cost of Rs 70 billion as federal share. The project includes National Health upgradation program, National program for Water and Sanitation and Hygiene (WASH), COVID-19 interventions for less developed areas.

The ECNEC also approved the Project for “Dualization and Improvement of Old Bannu Road” at the total cost of Rs 17,230 million from federal Public Sector Development Programme (2020-21). The project envisages dualization of existing 02-lane old Bannu road measuring 83 km in length from Gaandi Chowk to Sarai Naurang (8km) and Domail to Krapa on N-55 (75-kilometre) to 4 lanes, with 7.3 metres wide carriageway on either side.

The scope of work also includes extension of existing culverts & bridges, construction of retaining walls along with drainage / erosion works and allied facilities. NHA shall execute the project. ECNEC considered and approved a summary regarding construction of Gwadar-Ratodero Road Project (M-8) sponsored by the Ministry of Communication and executed by National Highway Authority (NHA) at a rationalized cost of Rs 38,026.28 million. It also approved the project in view of its strategic importance as it will facilitate connectivity for China-Pakistan Economic Corridor (CPEC) projects through improved road linkages.

A summary was presented before ECNEC regarding provision of Advanced Skills Development through International Scholarship Phase-1 for Master and Doctor of Philosophy (PhD) programs to be executed by the Higher Education Commission (HEC). The project is part of a Prime Minister Knowledge Economy Task Force Initiative which will enable our youth to access higher education opportunities in well-reputed international universities. ECNEC approved the project at a rationalized cost of Rs. 13.361 billion.

Riaz Haq said...

Digitalisation landscape in Pakistan – a tech view

https://www.fintechfutures.com/2020/12/digitalisation-landscape-in-pakistan-a-tech-view/


Reposition and optimise branch network while providing more self-services to customers as intimidating branch environment keeps the customers off from the branches, hence to provide them with more self-service digital channels and secure banking at their fingertips.

Not to be surprised as Russia’s largest bank, Sberbank, is embarking on what it calls the biggest transformation in its history, as it unveils a suite of new technology products in an aggressive drive to enter the lucrative Big Tech sector and has dropped the word “bank” from its corporate building and is now called “Sber” while replacing its tellers with super ATMs and offering online taxi and food services.

Build platforms, not just products and services
Let go of “legacy” technology and gradually move towards secure green banking adoption while providing financial services to customers anytime, anywhere and on any device. The banks are still clinging to their legacies and need a two-pronged strategy to rip-and-replace the legacy and adopt new technology and tools to thrive.

Open banking with fintech firms is the sustainable model for banks as today quite a few banks are also divesting some of their capital into other businesses. Digital platforms are the answer to such experiments while initiating new services or collaborating with other businesses.

Data as a value generator tool
Create and promote “data driven” financial services based on artificial intelligence (AI) algorithms defined with the regulatory guidelines working with structured and unstructured data to provide clear and in-depth insight of your customer from both behavioural and compliance perspective. This domain is still untapped in almost all the local banks, while only a few have embarked this journey.

Data works as fuel to the business and financial services that take the banks to the next level. This is the differentiating factor that is inhibiting the local banks from innovation as compared to peer countries who have worked hard on their data strategies and programmes and are reaping the fruit today.

Enter the cloud and managed services evolution
Using on-demand cloud computing to reduce operating costs while increase the availability to 99.XX% as many banks already have steered their staff collaboration over the cloud during COVID-19 work from home (WFH) safety measure. Investments in cloud infrastructure and Software-as-a-Service (SaaS) are visible in the past few years, however, more conducive regulatory guidelines are to be formulated for such ventures.

Security by design
Cybersecurity comes a part and parcel of all processes based and data driven technology. Essentially, customer do desire fast and secure financial services. Security spends will remain on the rise with the increase in the ransomware attacks. While WFH and online transactions will keep rising as per experts, the dark side of the digital and online banking will remain to be active more than ever.

The combat against phishing scams and schemes, security breaches, illegitimate transactions, has taken a paradigm shift in the banking sector as treasure trove of data is readily available to the hackers to activate their goals. Effective implementation of DDoS, intrusion, threat and malware detection tools, multi-factor authentication (MFA), restricted WiFi usage would somewhat secure.

To B or not to B
The controversies of blockchain technology and cryptocurrency have blemished the true essence and value of blockchain, hence still being subject to skepticism, carries a huge potential for non-financial transactions between the financial institutions and other stakeholders. As per Statista, the blockchain market value share of banks is 29.7% in 2020.

Riaz Haq said...

Pravin Sawhney
@PravinSawhney
·
3h
With Biden having ruled out conflict with China, QUAD has lost steam - if there was any. Except China to now given extraordinary push to Digital Silk Road in South Asia - to isolate India, strategically!

https://twitter.com/PravinSawhney/status/1358556040959197184?s=20

Riaz Haq said...

China builds 'Digital Silk Road' to bypass India for Pakistani internet traffic
PEACE cable will drastically reduce the time taken to transfer internet data

https://tribune.com.pk/story/2282931/china-builds-digital-silk-road-to-bypass-india-for-pakistani-internet-traffic

As part of the broader Chinese Belt and Road Initiative (BRI), China is set to lay the final stretch of a cross-border fiber optic cable in Pakistan that will create the Digital Silk Road, serving the geostrategic interests of both countries, Nikkei Asia reported.

The fiber cable will link to the Pakistan East Africa Connecting Europe (PEACE) submarine cable in the Arabian Sea, to service countries participating in BRI, and Europe.

The PEACE cable will provide the shortest direct internet route between participating countries and drastically reduce the time taken to transfer internet data.

The report stated that the cable is currently being laid between Rawalpindi and the port cities of Karachi and Gwadar. "The $240-million project, which is in partnership with China's Huawei Technologies, was approved by the government last week," it added.

The laying of sea cable in the country's territorial waters will begin in March, following government's approval this month to construct an Arabian Sea landing station in Karachi.

"The Mediterranean section of the cable is already being laid, and runs from Egypt to France. The 15,000 kilometre-long cable is expected to go into service later this year," it said.

Observers see this as a strategic move to circumvent international telecommunication consortiums dominated by Western and Indian companies.

The report stated that some BRI projects have been negatively affected by the coronavirus pandemic and debt crises in partner countries, including a $6.8 billion railway project in Pakistan. "Part of Beijing's response has been to step up digital projects and the development of communications infrastructure."

The report acknowledged that in recent months, the China-Pakistan Economic Corridor (CPEC) Authority has accelerated efforts to improve Gwadar's connectivity with major road and rail upgrades.

Pakistan is also looking for an alternate link to the internet through China. At present, most Europe-bound internet traffic from China feeds through terrestrial cables traversing Mongolia, Russia and Kazakhstan.

Pakistan is served by seven submarine cables at present, four of which come out of India, according to Telegeography, a Washington-based telecommunications market research company. These cable networks have been developed by consortiums that include telecom companies from India, Egypt and Pakistan.

The PEACE cable is expected to help reduce Pakistan's exposure to internet outages from damaged submarine cables by providing an additional route for internet connectivity.

Eyck Freymann, author of One Belt One Road: Chinese Power Meets the World, told Nikkei that the BRI is evolving to place less emphasis on traditional heavy infrastructure, and more on high-tech cooperation and digital services.

"Beijing wants to dominate the physical infrastructure underlying global communications, particularly the internet," he said. "This will give it an advantage in internationalizing its tech sector and pursuing future tech-related deals with partner countries."

The ambitious multi-trillion-dollar BRI initiative (or the new Silk Road), announced by Chinese President Xi Jinping in 2013, aims to boost connectivity and cooperation between East Asia, Europe, and East Africa. It is expected to significantly boost global trade, cutting trading costs in half for the countries involved, according to expert estimates.

Riaz Haq said...

#Africa-#China Ties 2021: “China still addresses Africa’s hunger for structural transformation in a way that the West does not....Any African country with urgent need for new roads, bridges or ports, then Chinese finance and firms are the obvious option" https://www.economist.com/the-world-ahead/2020/11/17/african-countries-will-remain-best-friends-with-china

VERY THREE years African and Chinese politicians gather at a diplomatic jamboree known as the Forum on China-Africa Co-operation (FOCAC). The summits, which attract more African heads of state than annual UN gatherings, are waypoints in China’s long journey on the continent. Over the past three decades it has become the pre-eminent partner for many African countries. Its importance will be apparent again in 2021 at the next FOCAC meeting, the eighth, which is due to take place in Dakar, the capital of Senegal.

Yet the context for this summit is different from that of the previous seven. During the Trump presidency China’s role in Africa came in for increasing American criticism. In 2020 the secretary of state, Mike Pompeo, accused China of offering African countries little but “empty promises and tired platitudes”. Though the Biden administration is less likely to use provocative rhetoric, scepticism of Chinese intentions on the continent will nevertheless endure. So the coming year could prove a tricky one for African policymakers, who are already grappling with the fallout from the pandemic.

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China’s image in Africa was tarnished last year by the ill-treatment of African migrants in Guangzhou, a port city. That brought condemnation on social media and by African politicians. But, broadly speaking, African views of China are nuanced and resilient. Polling of 18 countries by Afrobarometer, a pan-African research group, released in September 2020, found that an average of 59% of respondents had a favourable view of China—marginally higher than of America (58%). No wonder African politicians are careful not to take sides.

Nor will they see much benefit in speaking out against China over issues such as Xinjiang, Hong Kong or Taiwan. China places great value on the 54 African countries’ votes at the UN and other international organisations. (In 1971 African votes ensured that the People’s Republic of China was admitted to the UN and that Taiwan was expelled.) It will reward those who vote with it and punish those who do not. Officials in Kenya are known to have studied China’s punitive response to Australian criticism of its human-rights records—and fear what would happen if their country did anything similar.

Even if African politicians wanted to speak out against China, few believe Western governments would support them if they did. “The West is unwilling to underwrite the cost of antagonising China,” says W. Gyude Moore, a former cabinet minister in Liberia, now at the Centre for Global Development, a think-tank. “The continent is best served by charting its own course.”

Riaz Haq said...

Pakistan’s Mobile Broadband subscribers cross 100mn mark....mobile broadband is provided over 3G/4G networks with an average download speed of 17.7 Mbps and upload speed of 11.3 Mbps (mobile) which is above the speed levels in other regional countries.

https://www.brecorder.com/news/40080636


As per the Pakistan Telecommunication Authority (PTA), the achievement comes on the back of government policies, effective competition among telecom operators.

PTA stated that in 2012, there were less than 2 million subscriptions but after the introduction of 3G services, the figure jumped to 16 million in 2014 and 100 million in 2021. The telecom regulator informed that presently 87 percent of the country's population has access to internet/broadband services at one of the lowest rates in the region.

It informed that broadband is provided over 3G/4G networks with an average download speed of 17.7 Mbps and upload speed of 11.3 Mbps (mobile) which is above the speed levels in other regional countries.

It was learned that mobile data prices declined to only 0.70pc of the Gross National Income (GNI) per capita which is well below the UN Broadband Commission’s recommendation of less than 2pc.

PTA said that all four national Cellular Mobile Operators (CMOs), SCO, and fixed-line broadband operators including PTCL collectively have broadband subscriptions of over 100 million.

Back in 2010, the Pakistan telecom sector reached 100 million mobile subscriptions, it launched the first-ever biometrically verified SIMs across the country in 2009 and implemented the world’s first open-source DIRBS in 2019.

Riaz Haq said...

Pakistan to experience a boost in Internet speeds as IT Ministry approves 9 Fiber Optic projects

https://www.techjuice.pk/pakistan-to-experience-a-boost-in-internet-speeds-as-it-ministry-approves-9-fiber-optic-projects/


The Ministry of Information Technology has approved Rs. 8 billion to complete 9 fibre-optic broadband projects that will boost internet speeds and make the Internet accessible to the masses. After a meeting between the Universal service fund’s board of directors, the announcement came by the IT Ministry. The Information Technology minister, Syed Amin ul Haq had directed the projects’ approval to materialise the Digital Pakistan vision, the announcement adds.

People living in remote areas often experience poor internet speeds and experience considerable hardships to improve internet signals due to a lack of Internet network infrastructure. However, measures are underway to bring such areas at par with the rest of Pakistan, including tourist destinations such as Babusar Top, Swat, Karakoram highway and Galyat, where faster internet will become possible through broadband services.

The project will involve laying fibre optic cables and providing broadband services in all 4 provinces, benefiting some 7.5 million people living areas stretching 40,000 km. Approvals were also granted to initiate projects that will ensure 24/7 mobile phone services and broadband on an emergency basis in the Northern areas to promote tourism.

Ensuring faster internet access at a national level and enabling access to telecom/internet technologies through consistent infrastructure investment is a key cornerstone of the larger Digital Pakistan vision. Prime Minister Imran Khan formally announced and inaugurated the Digital Pakistan initiative in 2019 to set the country in the direction of the much needed and awaited tech-enabled future. A task force was also formed to achieve the defined targets named Strategic Reform and Implementation Unit (SRIU).

Riaz Haq said...

2Africa Consortium Extended to the Arabian Gulf, #India & #Pakistan. World's longest #undersea cable adding Oman (Barka), #UAE, #Qatar, #Bahrain, #Kuwait, Iraq (Al-Faw), Pakistan (#Karachi), India (Mumbai), & a fourth landing in Saudi Arabia (Al Khobar). https://prn.to/3kI3tnr

https://twitter.com/haqsmusings/status/1442991269605638149?s=20

DUBAI, UAE, Sept. 28, 2021 /PRNewswire/ -- The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC, announced today the addition of a new segment - the 2Africa PEARLS branch - extending to the Arabian Gulf, India, and Pakistan. This extension will bring the total length of the 2Africa cable system to over 45,000 kilometers, making it the longest subsea cable system ever deployed.

Now connecting three continents, Africa, Europe and Asia terrestrially through Egypt, 2Africa creates unique connectivity by adding vital landing locations in Oman (Barka), UAE (Abu Dhabi and Kalba), Qatar (Doha), Bahrain (Manama), Kuwait (Kuwait), Iraq (Al-Faw), Pakistan (Karachi), India (Mumbai), and a fourth landing in Saudi Arabia (Al Khobar). The new 2Africa branch joins recently announced extensions to the Canary Islands, the Seychelles, Comoros Islands, Angola, and a new landing to south-east Nigeria.

As with other 2Africa cable landings, capacity will be available in PEARLS landings at carrier-neutral facilities or open-access cable landing stations on a fair and equitable basis, encouraging and supporting the development of a healthy internet ecosystem.

To further support a burgeoning global digital economy, the expanded system will serve an even wider range of communities that rely on the internet for services from education to healthcare, and businesses, providing economic and social benefits that come from increased connectivity. As announced in May 2020, 2Africa was planned to directly bring seamless international connectivity to 1.2 billion people. Today, with 2Africa PEARLS, 2Africa will be providing international connectivity to an additional 1.8 billion people--that's 3 billion people, representing 36% of the global population.

Alcatel Submarine Networks (ASN) will deploy the new system utilizing new technologies such as SDM that allow the deployment of up to 16 fiber pairs, double that of older technologies and bringing greater and more cost-effective capacity.

Riaz Haq said...

Supernet, Avara win Rs250m project in Pakistan

https://www.pakistantoday.com.pk/2022/01/19/supernet-avara-win-rs250m-project-in-pakistan/

ISLAMABAD: In what could be dubbed a major triumph, Supernet Limited and Australian technology partner Avara Technologies (Pvt) Ltd have been awarded a new project worth Rs250 million, enabling in-country engineers and technicians to rectify faults throughout the equipment’s lifecycle.

The new project, valued at approximately Rs250 million, constitutes Phase 3 of the programme for the supply of multiservice multiplexers and associated operations, maintenance, warranty, and support services.

Supernet Limited (Supernet) announced on Wednesday that they, in conjunction with their Australian technology partner Avara Technologies Pvt Ltd (Avara), have been awarded a new project worth approximately Rs250 million within a long-term program that was awarded in 2021 by a major Pakistani customer.

The new project valued at approximately Rs250 million constitutes Phase 3 of the program for the supply of multiservice multiplexers and associated operations, maintenance, warranty and support services.

The program includes the establishment of a repair facility in Pakistan and the transfer of knowledge through an expansive training program enabling in-country engineers and technicians to rectify faults throughout the equipment’s lifecycle.

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Supernet Wins Major Optical Fiber Supply and Deployment Project worth PKR 150 million

https://www.techjuice.pk/supernet-wins-major-optical-fiber-supply-and-deployment-project-worth-pkr-150-million/

Supernet Limited (“Supernet”) has secured a sizeable telecommunications infrastructure development project from a Pakistani mobile network operator.

The project valued at over PKR 150 million includes the supply of optical fiber and associated equipment and its deployment in different areas of Punjab. The total length of different segments constituting this project is approximately 140 kilometers.

With this project, Supernet has reached a significant milestone of 1,000 kilometers of optical fiber supply and deployment projects awarded by mobile network operators in Pakistan.

Head of Business Unit-Telecoms & Defense at Supernet, Ali Akhtar said:

“We are excited to play our part in the expansion of telecommunications infrastructure in Pakistan and supporting the proliferation of communications and digital services by mobile network operators in the country. We are ever grateful to our customers for repeatedly trusting Supernet. The optical fiber business line is a relatively new endeavour for Supernet and the 1,000 kilometres mark is a testament to our capabilities and the springboard for further growth in this segment. This is a strong start to 2022 and we will strive to keep the momentum going.”

Riaz Haq said...

According to details, SEA-ME-WE 6 cable will be live and ready for service by Q1 2025.

https://propakistani.pk/2022/02/25/pakistan-to-get-new-submarine-cable-sea-me-we-6-with-100tbps-speeds-through-twa/

The Southeast Asia-Middle East-Western Europe 6 (SEA-ME-WE 6) is a 19,200 km-long submarine cable system connecting Pakistan with multiple countries between Singapore and France. SEA-ME-WE 6 will offer one of the lowest latencies available between Southeast Asia, the Middle East, and Western Europe, transferring more than 100 Tbps, the equivalent of 40,000 high-definition videos each second.

The SEA-ME-WE 6 consortium includes Trans World Associates, Bangladesh Submarine Cable Company, Bharti Airtel Ltd. (India) Dhiraagu (Maldives), Djibouti Telecom, Mobily (Saudi Arabia), Orange (France), Singtel (Singapore), Sri Lanka Telecom, Telecom Egypt, Telekom Malaysia and Telin (Indonesia).

Speaking on the occasion Mr. Kamran Malik, President of Transworld said:

“To meet ever increasing demand of bandwidth and to play a pivotal role in the forthcoming era of 5G, Transworld has joined the SEA-ME-WE 6 consortium, to build the latest state of the art high-capacity submarine cable system.”

SEA-ME-WE 6 will have more fibre pairs and more than double the capacity as compared to previous SEA-ME-WE cables.

SEA-ME-WE 6 provides an additional layer of diversity and resilience for the high traffic density route between Asia and Europe, strengthening the overall network of each consortium partner, through trans-Egypt’s new geo-diversified crossings and landing points.

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https://www.totaltele.com/512525/Telin-Joins-SEA-ME-WE-6-Consortium-Connecting-Singapore-to-France-completion-set-for-Q1-2025

The Southeast Asia-Middle East-Western Europe 6 (SEA-ME-WE 6) consortium announced today that construction has commenced on a 19,200 km-long submarine cable system connecting multiple countries between Singapore and France. SEA-ME-WE 6 will offer one of the lowest latencies available between Southeast Asia, the Middle East, and Western Europe, transferring more than 100 terabytes per second, the equivalent of 40,000 high-definition videos each second.
The SEA-ME-WE 6 consortium includes Bangladesh Submarine Cable Company, Bharti Airtel Ltd. (India) Dhiraagu (Maldives), Djibouti Telecom, Mobily (Saudi Arabia), Orange (France), Singtel (Singapore), Sri Lanka Telecom, Telecom Egypt, Telekom Malaysia, Telin (Indonesia), and Trans World Associates (Pakistan).

Riaz Haq said...

Pakistan had almost 128 ISPs in 2007, with customers concentrated in the areas of Islamabad, Karachi, and Lahore. PTCL offers free dial-up Internet service to all its landline subscribers. In 2006 NayaTel began to offer Fiber to the User (FTTU) triple-services in the capital city of Islamabad. In 2005 Telekom Malaysia acquired 78 per cent equity in Multinet Pakistan,[15] and announced the launch of ‘Project Ittehad.’The blueprint of the project suggested that the company would lay down 4,500-km high-speed and higher capacity fibre optic link, which would link 77 cities of the country. Project was estimated to be completed in 14 months and resulted in a highly accessible, fully redundant and resilient DWDM backbone with 20 gigabytes per second operational capacity and 48 cores of dark fibre. Multinet has 12,000 km long self-healing and scalable optical fiber network covering over 120 cities of Pakistan.[16] Broadband access is available in major cities, wireless broadband Internet has been introduced by the Wireless local loop (WLL) networks in many major cities, and Worldwide Interoperability for Microwave Access (WiMAX) networks are being deployed. Most Pakistani companies, educational institutes, and government departments maintain web sites, which has further increased the demand for Internet access.[17]



https://en.wikipedia.org/wiki/Internet_in_Pakistan

Riaz Haq said...

‘China commits $10-$15 billion investments’
Pakistan has taken steps to address the outstanding concerns of Chinese investors, says Khalid Mansoor

By Mehtab Haider


https://www.thenews.com.pk/print/931815-china-commits-10-15-billion-investments


Pakistan has received commitments from China for getting investments of $10-$15 billion for various sectors, including for establishing industrial units at 2,200 acres of Gwadar Free Zone, exploring the possibility to establish oil refinery at Pasni and relocation of industries into seven important sectors, including textile, footwear and pharmaceuticals into upcoming the Special Economic Zones.


Adviser to Prime Minister on CPEC, Khalid Mansoor, on Monday said that Pakistan took steps to address the outstanding concerns of Chinese investors such as payment of dues to independent power producers, making revolving funds functional and changing Special Economic Zones (SEZ) Act. This change in SEZ Act will pave the way to bypass 37 approvals for federal and provincial governments for making investments in SEZs.

"The government has paid Rs50 billion to IPPs while another installment of the same amount will be given by the end of the ongoing month. The Revolving Fund has been made functional," PM's Adviser on China Pakistan Economic Corridor (CPEC) Khalid Mansoor said while addressing a news conference here on Monday. The Pakistani delegation under PM Imran Khan had returned from China after attending Olympics Winter 2022 and on the sidelines, they held meetings with Chinese leadership, including President Xi Jin Ping.

However, both sides could not make the progress on the much-awaited multi-billion-dollar project for the construction of Mainline-1 (ML-1) to upgrade the rail line from Peshawar to Karachi. The official sources said that the resolutions of outstanding concerns, including repayments for IPPs and making Revolving Fund functional, would result in paving the way for achieving progress on striking financing agreement on ML-1.

Meanwhile, Federal Minister for Planning and Development Asad Umar told The News on Monday that the prime minister held meetings with 19 Chinese companies, inviting them to invest in Pakistan. He said that they shared the detailed documents with Chinese authorities on investment potential and comparative advantage of Pakistan in seven sectors, including textile, pharmaceutical, automotive, information technology, footwear, furniture, and agriculture.

A consortium of three Chinese companies Huazhong Technology, China Communication Construction Company (CCCC) and Zhejiang Seaport Company will set up a paper and metal recycling Park at Gwadar, which will include multiple units at an estimated cost of $4.5 billion. The park is expected to create 40,000 employment opportunities.

A Chinese textile company will establish a Special Economic Zone, which will be a Chinese textile cluster, with an investment of USD250 million.

Three Chinese companies, SINOMACH, Royal Group and Zhengbang Group, have expressed interest in investing in agriculture sector projects, such as FMD free zones, agricultural mechanization, production of pesticides, poultry and cattle feed, etc.

In information technology sector, five Chinese companies have expressed intent to invest around USD2.4 billion. These include Hunan Sunwalk Construction Group (optic fiber network), Fourishtech (research lab and mobile phones assembling and parts manufacturing) and Neusoft Medical Systems (medical diagnostic equipment); Global Semiconductor Group (semiconductor testing and assembly); NAV E-Vehicles (Pvt) Ltd (electric vehicles). MoUs have already been signed for the first two projects.

In the energy and water sectors, two large Chinese companies, China Energy Group and Power China, expressed interest for investment in water sector projects. In the housing sector, three Chinese companies, China State Construction Engineering Corporation (CSCE), China Railway Group Limited and CHINAMEX have expressed interest in implementing various projects.


Riaz Haq said...

PEACE Cable to Pakistan Now Ready For Service - Submarine Telecoms Forum


https://subtelforum.com/peace-cable-to-pakistan-now-ready-for-service/

Hong Kong – PEACE Cable International Network Co., Ltd (PEACE Cable) has completed the construction and laying of PEACE submarine cable infrastructure in Pakistan together with Cyber Internet Services (Cybernet), the leading Internet and data communication network service provider. The Pakistan-Egypt segment of PEACE has achieved final splicing, thus enabling connectivity from Karachi, Pakistan to Marseille, France ready for service.

The PEACE Pakistan-Egypt segment connects Karachi, Pakistan and Zafarana, Egypt, spanning a total length of 5,800 km. The landings of Karachi and Zafarana were completed in March and December 2021 respectively. In addition, the Mediterranean segment of PEACE linking Marseille, France, to Abu Talat, Egypt, a 3,200km long project, has also achieved RFS in March 2022. Therefore, the route from Pakistan to France of PEACE cable system is now fully constructed well and ready for use.

In 2019, the landing agreement was signed by Cybernet and PEACE Cable. Cybernet, the landing partner of PEACE in Pakistan, has built the country’s state-of-the-art, Cable Landing Station in Karachi, which will allow global carriers, Content Delivery Networks (CDNs), content providers and virtually all IT-enabled firms to tap into the submarine cable capacity at easily accessible interconnect points across Pakistan. Cybernet has the most robust fiber optic network across the country which will also facilitate access and boost business opportunities for PEACE in the Asian region.

Through the deployment of the PEACE submarine cable system, Pakistan will have access to high-speed, large-volume internet bandwidth with express connectivity to France. With its ultra-low latency design, this cable will reduce latency between Pakistan and France to 92 milliseconds. This will improve the response time of Internet-based applications and experience of Pakistani users while providing much-needed redundancy to Pakistan’s Internet infrastructure. The increased capacity will finally make it possible to provide ultra-fast bandwidth connections across Pakistani citizens, with speeds comparable to those in cities such as Hong Kong, Singapore and New York.