BEIJING: Prime Minister (PM) Shehbaz Sharif on Tuesday reaffirmed Pakistan’s commitment to expanding economic and industrial cooperation with China during a series of meetings with leading Chinese companies in Beijing under the framework of CPEC Phase II. Read More: Pakistan, China push forward next CPEC phase The prime minister, currently on a four-day official visit to China, met senior […]
China Pakistan Economic Corridor
Pakistan invites investment in five sectors as CPEC 2.0 gains momentum
Pakistani Consul General in Shanghai, Shehzad Ahmad Khan, has extended a formal invitation to Chinese enterprises to focus on five priority areas – agriculture, textiles, renewable energy, communication technology and consumer goods manufacturing – as the China-Pakistan Economic Corridor (CPEC) enters its 2.0 phase. Addressing a forum in Suzhou on April 8, the Consul General […]
Pakistan’s exports to China have crossed 1.039b dollars mark: Aisha Ghaus
Minister of State for Finance and Revenue Aisha Ghaus Pasha Saturday hailed that Pakistan and China were working closely on further deepening bilateral economic ties where Pakistan’s exports to China have crossed 1.039b dollars mark in the first quarter. The Pakistan-China trade volume has shown an upward trajectory over the years, she said while speaking […]
Pakistan’s various sectors ready to receive CPEC benefits
ISLAMABAD: Economic experts claimed that Pakistan’s various sectors are ready to receive maximum benefits from China-Pakistan Economic Corridor (CPEC) project. According to political economists, many sectors will benefit from the project. In addition to the economic corridor, CPEC in Pakistan will include energy projects, infrastructure development, industrialization, and the expansion and improvement of Gwadar Port. […]
New visa policy approved for Chinese nationals working on CPEC projects
Minister for Interior Sheikh Rashid Ahmed says the government has approved a new visa policy for Chinese nationals regarding China-Pakistan Economic Corridor projects. During a meeting with Chinese Ambassador Nong Rong in Islamabad, he said the minimum period of new visas for Chinese nationals has been set at two years. The Interior Minister said that […]
Four SEZs to create 1.47 million jobs, boost industrialist growth
ISLAMABAD: The four Special Economic Zones (SEZs), work on which is continuing at full swing, would create as many as 1.47 million jobs besides playing an important role in promoting local industry to lead the country towards sustainable economic growth. “The four SEZs including Rashakai M-1 Nowshera; Dhabeji Thatta; Allama Iqbal Industrial City Faisalabad and […]
CPEC: External violence and internal opposition
Chinese leadership is keen to develop Gwadar as fast as circumstances will allow. For them, the ultimate objective is to reinforce partnership with Pakistan through China-Pakistan Economic Corridor (CPEC), of which Gwadar is the inalienable symbol. We are here for the long-term friendship and not for commercial profits. This is the resounding and reassuring message […]
Asad to discuss IMF package in the US this week
WASHINGTON: Pakistan’s Finance Minister Asad Umar is expected to arrive this week at spring meetings of the World Bank group, which includes the International Monetary Fund. It is expected that along the sidelines of this event, Mr. Umar will discuss the terms and conditions of the IMF bailout package. At a news briefing in Islamabad, […]
Growth, not development: The China-Pakistan Economic Corridor
“This will be my first visit to Pakistan, but I feel as if I am going to visit the home of my own brother.” – President Xi Jin Ping during his visit to Islamabad to finalise CPEC (2015) In 2015, China and Pakistan officialised CPEC, a $46 billion (now estimated $62 billion) investment by China […]
PML-N leadership puts country on path of development: Ahsan
ISLAMABAD: Minister for Interior Ahsan Iqbal has said that Pakistan Muslim League – Nawaz (PML-N) government had put the country on the path of development and time would prove that its leadership was punished for starting China Pakistan Economic Corridor (CPEC) and improving the national economy. Talking to a private news channel, the minister said […]