First Pakistani bank branch in China to be inaugurated on August 11
The first bank branch of Pakistan’s private commercial bank, Habib Bank Limited (HBL), is likely to be inaugurated in Beijing on August 11, after the soft launch the bank will open its branch in the industrial city of Urumqi. An official source said that Minister for Commerce Khurram Dastgir Khan will perform the inauguration of […]
China will next bolster Pakistan Navy: Expert
Delhi: China’s military cooperation with Pakistan will involve bolstering the Pakistani navy next, an expert on China-Pakistan relations said talking to Hindu, pointing to Pakistan’s planned acquisition of eight submarines from China as one of the “biggest and most significant” markers of their relationship. “China will continue to bolster Pakistan’s military, and the navy is […]
Punjab offers free land for Chinese investment
LAHORE – Punjab Chief Minister Shehbaz Sharif yesterday addressed the Punjab-Qingdao Business Seminar in Qingdao, an important trade and industrial city of China. Vice Mayor Qingdao Sun Lijie, in his address, warmly welcomed the chief minister and thanked the Punjab government for providing a very conducive atmosphere to Chinese investors. “This shows Chief Minister’s interest […]
China and Pakistan increase cooperation amid flared tensions with India
By Priyanka Mogul At a time when both Pakistan and China are seeing increasing tension with India, the two have signed a number of agreements with each other to strengthen economic and development cooperation. The move came during the Punjab Shandong Business Conference, which was held in the Chinese city of Jinan on 27 July. […]
Army chief terms CPEC as game changer for entire region
Islamabad: Chief of Army Staff General Raheel Sharif has termed the China-Pakistan Economic Corridor (CPEC) project as the game changer not for only Pakistan but for the entire region, adding that its security was Pakistan Army’s national undertaking. According to the military’s media wing Inter Services Public Relations (ISPR), General Raheel Sharif was speaking at […]
Pakistan’s Punjab inks deals with China to cement ties
Beijing: Punjab, Pakistan’s largest province in terms of population and economy, inked seven agreements and 17 memorandums of understanding (MoU) with Chinese enterprises, in Beijing Tuesday, during Chief Minister of Punjab (CM) Shehbaz Sharif’s ongoing China visit. The deals involved the industry of energy, textiles, water treatment and steel and were also related to the […]
CPEC to bring economic turnaround in Pakistan: President
Islamabad: President Mamnoon Hussain on Wednesday lauding the economic policies of the government said the country would experience an economic turnaround with the completion of China-Pakistan Economic Corridor and energy projects. Talking to a delegation of Islamabad Chamber of Commerce and Industry (ICCI) headed by its President Atif Ikram Sheikh here at the Aiwan-e-Sadr, President […]
Pakistan set to become new Islamic finance heavyweight
By Arno Maierbrugger Bangkok: Islamic finance is expected to take off in Pakistan in the coming years due to new regulations on Shariah-compliant banking, newly launched industry-supporting regulatory bodies, as well as rising demand from foreign investors and the large unbanked Muslim population, experts suggest. According to the Global Islamic Finance Report, a renowned yearbook […]
Govt exempts import duties on equipment for CPEC projects
Islamabad: The Economic Coordination Committee (ECC) of the Cabinet approved Tuesday grant of exemption from customs duties, levies and other relevant taxes for import of equipment and construction material to contractors for the completion of two early harvest projects of Karakorum Highway (KKH) phase II (Thakot to Havellian section) and Karachi-Lahore Motorway (Sukkar to Multan […]
An Introduction to CPEC
Dr Ahmad Rashid Malik Facts to know, points to ponder Chinese diplomat Zhao Lijian, gave a free and frank yet an enlightening presentation on the introduction of the CPEC at the Institute of Strategic Studies Islamabad on 14 July. His approach was critical like a university professor unlike giving a government-sponsored viewpoint. The presentation turned […]