DateEventOfficial SpinCritical Reality
Sept 201524 km Karakoram Highway realignment inc. five tunnels“Early‑harvest success”Project salvaged a route cut by landslide five years earlier – useful, yes, but hardly corridor magic.
13 Nov 2016First Chinese convoy reaches Gwadar“Trade route operational”One‑off publicity stunt; regular traffic still minuscule.
Jul 2017Sahiwal 1,320 MW coal plant online“Load‑shedding cured”Imported coal locks Pakistan into dollar‑denominated fuel bills.
Mar 2018Ground‑breakings at Karot hydro & Thar lignite mine“Green and indigenous shift”Hydropower faces tariff haggling; Thar coal is anything but green.
Oct 2018Saudi Arabia courted as third partner, pledges US $20 bn“Broader investor base”Riyadh’s refinery still on the drawing board; cash yet to flow.
Nov 2019Multan–Sukkur Motorway opens (392 km)“North‑south artery complete”Toll revenue nowhere near debt‑service obligations.
25 Oct 2020Lahore Orange Line Metro launches“Modern mass transit”Operating subsidy drains Punjab coffers; ridership below forecasts.
Nov 2020ML‑1 railway framework approved (US $6.8 bn)“Phase 2 unlocked”Financing deadlocked four years and counting.
Jul 2023‘Decade of CPEC’ fete: 6 GW, 510 km highways, 192 k jobs“Delivering prosperity”Debt stock to China hits US $23 bn; IMF flags sustainability risk.
2024‑25Phase 3 concept floated (tech, mining, regional links)“Gateway to Central Asia”Security incidents and foreign‑exchange crisis stall momentum.

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