Pakistan begins construction of $3.5 billion Chinese-designed nuclear energy project

The screengrab taken from a video shared by Pakistan's state broadcaster PTV News shows construction site of Chinese-designed nuclear energy project, Chashma-5, being constructed along the left embankment of the Indus River in Mianwali, Pakistan, on December 31, 2024. (PTV News)
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Updated 31 December 2024
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Pakistan begins construction of $3.5 billion Chinese-designed nuclear energy project

  • The Chashma-5 nuclear power plant is being constructed along the left embankment of the fast-flowing Indus River in Mianwali
  • Beijing is building roads, bridges, power plants, and railways in Pakistan to link its far west with Gwadar port on Indian Ocean

ISLAMABAD: Pakistan has begun construction of a $3.5 billion Chinese-designed nuclear energy project, which would produce 1,200 megawatts of electricity, Prime Minister Shehbaz Sharif said on Monday.

Pakistan and China are longtime allies. Beijing is building roads, bridges, power plants, and railways under the China-Pakistan Economic Corridor (CPEC), part of President Xi Jinping’s Belt and Road Initiative, to link its far west with the

Chinese-built Gwadar port on the Indian Ocean in Pakistan’s Balochistan.

The nuclear power plant, known as Chashma-5, is being constructed at a site along the left embankment of the fast-flowing Indus River in Mianwali, a district in the eastern Punjab province. The site is already home to four Chinese-supplied nuclear power plants that were built in recent decades.

In a post on X, Sharif said the Chashma-5 nuclear power plant was another “milestone” in strategic cooperation between the two friendly countries.

“Commencement of construction of the most modern and the biggest, C-5 Nuclear Power Plant is another milestone in strategic cooperation between Pakistan and China. The plant will contribute 1200 MW electricity,” Sharif said.

“I congratulate PAEC (Pakistan Atomic Energy Commission) and CNNC on this remarkable achievement.”

The development comes as Pakistan, which has one of the highest electricity tariffs in the region, is making preparations to stop capacity payments to independent power producers (IPPs), and PM Sharif’s cabinet this month approved settlement agreements with eight bagasse-based IPPs, with the aim to reduce electricity prices and save the national exchequer billions of rupees.

High cost of power is one of the key factors that leads to inflation in the South Asian country.

Pakistan has also been holding talks on reprofiling power sector debt owed to China and structural reforms, but progress has been slow. It has also vowed to stop power sector subsidies.


Pakistani man convicted in US in political assassination plot tied to Iranian paramilitary

Updated 07 March 2026
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Pakistani man convicted in US in political assassination plot tied to Iranian paramilitary

  • Asif Merchant, 47, worked for Pakistani banks for decades before going into clothing and other businesses
  • He testified he met a Revolutionary Guard operative who gave him countersurveillance training, assignments

NEW YORK: A Pakistani business owner who tried to hire hit men to kill a US politician was convicted Friday in a trial that showcased allegations of Iran-backed plotting on American soil.

As the Iran war unfolded in the Mideast, Asif Merchant acknowledged in a US court that he sought to put an assassination in motion during the 2024 presidential campaign — a plot that was quickly disrupted by American investigators before it had a chance to proceed.

A jury in Brooklyn convicted Merchant on terrorism and murder for hire charges.

The verdict after only a couple hours of deliberations followed a weeklong trial that included remarkable testimony from Merchant himself.

Merchant told the jury he was carrying out instructions from a contact in the Islamic Republic’s powerful paramilitary Revolutionary Guard. According to Merchant, the handler never specified a target but broached names including then-candidate Donald Trump, then-President Joe Biden and Nikki Haley, the former UN ambassador who was also in the race for a time.

The Iranian government has denied trying to kill US officials.

The nascent plot fell apart after Merchant showed an acquaintance what he had in mind by using objects on a napkin to depict a shooting at a rally. He asked the man to help him hire assassins. Instead, he was introduced to undercover FBI agents who were secretly recording him, as had the acquaintance.

Merchant told the supposed hit men he needed services that could include killing “some political person” and paid them $5,000 in cash in a parked car in Manhattan.

“This man landed on American soil hoping to kill President Trump — instead, he was met with the might of American law enforcement,” US Attorney General Pam Bondi said in a statement released after the conviction.

Merchant’s attorney, Avraham Moskowitz, didn’t immediately reply to a message seeking comment.

Merchant, 47, worked for Pakistani banks for decades before going into clothing and other businesses. He has two families, in Pakistan and Iran, and he sometimes visited the US for his garment business.

Merchant testified that he met a Revolutionary Guard intelligence operative about three years ago. The contact gave him countersurveillance training and assignments including the assassination scheme, Merchant said.

He maintained that he had to do his handler’s bidding to protect loved ones in Iran. The defendant said he reluctantly went through the motions but thought he’d be arrested and explain his situation to authorities before anyone was killed.

“I was going along with it,” he said, speaking in Urdu through a court interpreter.

Prosecutors emphasized that Merchant admitted taking steps to enact the plan on behalf of the Revolutionary Guard, which the US considers a foreign terrorist organization, and he didn’t proactively go to authorities.

Instead, he was packing for a flight to Pakistan when he was arrested on July 12, 2024, a day before an unrelated attempt on Trump’s life in Butler, Pennsylvania. Officials said it appeared the Butler gunman acted alone but that they had been tracking a threat on Trump’s life from Iran, a claim that the Islamic Republic called “unsubstantiated and malicious.”

When Merchant subsequently spoke to FBI agents to explore the possibility of a cooperation agreement, he didn’t say he had acted out of fear for his family.

Prosecutors argued that he didn’t back up a defense of acting under duress. Merchant sought to persuade jurors he simply didn’t think the agents would believe him because they seemed to “think that I am some type of super-spy,” which he said he was “absolutely not.”