Gwadar port to create 40,000 jobs: GPA chairman

Quetta: Work on construction of a 10-square-kilometer industrial free zone in Gwadar is underway and the port city alone will be able to create about 40,000 jobs. In an interview with APP here on Friday, Chairman Gwadar Port Authority (GPA) Dostain Khan Jamaldini said construction of Gwadar Free Zone was underway at cost of $2 […]

CPEC will boost living standards, increase tourism in GB

Gilgit-Baltistan (GB) Legislative Assembly Speaker Fida Muhammad Nashad has said that the China Pakistan Economic Corridor (CPEC) will boost tourism in the 73,000 sq km region. While talking to media, he said that GB is called a paradise for mountaineers and is home to five of the 14‘eight- thousanders’ (peaks above 8,000 metres) in the […]

Government has allocated ‘huge funds’ for Western route of CPEC: Ahsan Iqbal

Islamabad: Minister for Planning and Development Ahsan Iqbal has said that the government has allocated a huge amount of funds for the completion of the Western route of the China Pakistan Economic Corridor (CPEC). In a statement, he said that up to Rs 22 billion have been allocated for the Burhan-Hakla route. He said that […]

Other countries pull out, China increases investment in Pakistan

Karachi: Foreign direct investment (FDI) increased 10.5% in the first 11 months of 2015-16 on a year-on-year basis, according to statistics released by the State Bank of Pakistan (SBP) on Friday. Pakistan received FDI of $1,083.6 million in July-May, which is $103.3 million higher than the FDI received in the same 11-month period of the […]

‘CPEC is most important agreement in history of Pak-China cooperation’

Islamabad: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Abdul Rauf Alam on Tuesday said that China Pakistan Economic Corridor (CPEC) was the most important agreement in the history of Pakistan and China cooperation which would not only strengthen Pakistan’s economy bit it would also be an impregnable line of defence. The economic […]

Eastern alignment of CPEC: CDWP clears Rs34b Burhan Havelian expressway

By Shahbaz Rana The government on Friday cleared the Burhan-Havelian road to complete a missing link on the eastern alignment of China-Pakistan Economic Corridor at a cost of over Rs34 billion, while also giving the green light to a Rs202 million scheme for renovating the sprawling Prime Minister’s Office. The Central Development Working Party (CDWP) […]

An enduring partnership

Pakistan has all that’s required to be a star economy in Asia. From the pristine coastline of Gwadar in the south to the spectacular mountains of the north, it’s a resource-rich country located near the massive economies of China and India. More importantly, it has a young and dynamic population. Every time I visit Pakistan, […]

China unveils rail network upgrade, gas pipeline plans for Pakistan

Beijing: China will invest about $8.5 billion to upgrade Pakistan’s rail network and to build a key gas pipeline with Iran to meet the country’s energy needs. The Central Development Working Party (CDWP), a Pakistan body to authorise major projects, on Wednesday approved the two projects worth $10 billion. China will provide loans equivalent to […]

Chahbahar and Gwadar

Ikram Sehgal  What a coincidence of history that Alexander the Great 2500 years ago followed roughly the China-Pakistan Economic Corridor (CPEC) down the Indus before marching west along the coast to Tiz (later renamed Tis), an ancient port between Chahbahar and Gwadar. The recent tripartite India-Iran-Afghanistan transit trade agreement envisages Chahbahar countering CPEC’s being an […]

Pak-China review progress of 1320 MW power plant at Port Qasim

Islamabad: A meeting between Planning Minister Ahsan Iqbal and President Power China Du Chungou held in Islamabad today. The meeting reviewed progress on 1320 MW power plant at Port Qasim and expressed satisfaction over the pace of work on the project. The Minister said, this power plant was a flagship project of China Pakistan Economic […]