Shehbaz meets Chinese vice foreign minister in Beijing
Beijing: Punjab Chief Minister Muhammad Shehbaz Sharif met Chinese Vice Foreign Minister Zhang Yesui in Beijing on Tuesday. Speaking on the occasion, the chief minister said that Pak-China friendship is a precious asset of every Pakistani, and added that completion of China Pakistan Economic Corridor (CPEC) will change the destiny of the region. He said […]
Gwadar Airport, Expressway ground breaking this year : Ahsan
Islamabad:Minister for Planning, Development and Reform, Ahsan Iqbal said on Monday that groundbreaking of Gwadar International Airport and Expressway would be performed this year. “Three routes to link Gwadar with rest of the country would be made available by December 2016,” he made these remarks while talking to a delegation of Gwadar Press Club which […]
CPEC: Stay the course
By Masood Khan The China-Pakistan Economic Corridor (CPEC) is on track. To recap, the CPEC has 1+4 components – the Corridor itself plus the Gwadar Port, infrastructure development, energy and industrial cooperation. The mega-project is being implemented under the watch of the Joint Cooperation Committee (JCC) comprising China’s National Development Reform Commission and Pakistan’s Planning, […]
CPEC: tough road ahead
When a project as huge as the China-Pakistan Economic Corridor (CPEC) is implemented, issues are bound to arise especially in a country like Pakistan, where inefficiency, corruption and political instability plague the system. The CPEC is worth close to $46 billion, almost twice as much as Pakistan’s total foreign exchange reserves, and has been cited […]
CPEC to open new vistas of prosperity : Bizenjo
The Minister for Ports and Shipping Mir Hasil Bizenjo has said China Pakistan Economic Corridor (CPEC) will open new avenues of progress and prosperity in the South East Asian countries. Talking to media men in Hub near Karachi on Sunday, he said the project will be fate changing for the people of Pakistan as it […]
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 […]