Silk Road an ‘open initiative’ and not ‘Monroe Doctrine’: China
Beijing: Refuting criticism that the mega Silk Road initiative is aimed at expanding China’s interests abroad, Beijing today said its multi-billion dollar project is an “open initiative” and not a form of “Monroe Doctrine” to expand its dominance. The Silk Road initiative which is officially termed as Belt and Road projects is “an open initiative, […]
First phase of CPEC to be completed by 2017
The first phase of the China-Pakistan Economic Corridor (CPEC) comprising energy projects would be completed by December next year. Chinese companies involved in the project are working tirelessly to complete energy projects in time, aimed at generating about 10,000MW of electricity, an official of the planning ministry said on Monday. Coal-based power plants of about […]
CPEC to make Pakistan hub of trade activities: CEO TDAP
Sialkot: Chief Executive Officer (CEO) Trade Development Authority of Pakistan (TDAP) S.M. Munir on Monday said that China-Pakistan Economic Corridor (CPEC) would help Pakistan to make it a hub of economics activities. Talking to APP, at Sialkot Chamber of Commerce and Industry (SCCI), he said that regular functioning of CPEC would bring revolutionary changes in […]
Tajikistan keen to become partner of CPEC: Envoy
Islamabad: Tajikistan has expressed the desire to become a partner of China Pakistan Economic Corridor. In an interview, Tajikistan Ambassador Sherali Saidamir Jononove said Pakistan’s geo-strategic location is beneficial for the region. He said Pakistan-Afghanistan-Tajikistan trilateral transit trade agreement will further strengthen Pak-Tajik trade and economic relations. To a question, the Ambassador said trade volume […]
The corridor to prosperity
Officially announced in 2014, the China Pakistan Economic Corridor (CPEC) was the ray of hope Pakistan’s economy was desperate for. The extensive plan entails a national agenda for economic betterment, beginning from measures to be taken to increase energy production in the power-deficient country, stressing the importance of special economic zones, undertaking large-scale road and […]
Gwadar: A modern day Fatehpur Sikri?
Remshay Ahmed The gateway to Central Asia might create 200 million jobs, enhancing cooperation throughout the country, but this would not be possible if in the process laborers are not able to quench their thirst Akbar the great Mughal Emperor had only daughters. As for any king only a son could be the legal heir […]
CPEC adds to local cement consumption as exports fall
Lahore: Local cement consumption surged 17.49 percent in the first eight months of the current fiscal due to the growing infrastructure development projects in the country, data released by All Pakistan Cement Manufacturers Association (APCMA) said on Friday. Local cement supplies were recorded at 20.89 million tons in the July-February period, up from 17.78 million […]
US acknowledges CPEC’s importance for Pakistan’s socio-economic development: Ahsan Iqbal
Washington: Pakistan-US Knowledge Corridor and China Pakistan Economic Corridor (CPEC) are key projects that would take Pakistan to new heights in coming years as regards national development, Federal Minister Planning, Development & Reform Ahsan Iqbal said, while addressing Pakistani students at University of Pennsylvania in Philadelphia USA. Present government is working hard to lay strong foundation […]
Asian Bank, DFID to support economic corridor programme
Islamabad: The Asian Development Bank (ADB) will support the government’s strategy to strengthen regional connectivity and provide technical assistance for a project aimed at mapping out potential economic corridors to enhance trade, growth and job creation. The assistance would come under the ‘Pakistan Economic Corridors Programme’ (PECP) agreed upon by ADB and the Department for […]
CPEC: Govt asked to build western route first
Peshawar: Awami National Party-Wali’s Central General Secretary Aurangzeb Kasi demanded the government construct the western alignment of the China Pakistan Economic Corridor first. He said the western alignment would lead to the prosperity of underdeveloped areas of Khyber-Pakhtunkhwa and southern Punjab. A press release said he expressed these views after a meeting with party leader […]