Three-day Envoys’ Conference begins in Islamabad
The Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz was presiding over the Conference in which envoys of Pakistan accredited to various capitals and multilateral institutions were participating. The envoys included Jalil Abbas Jilani (Washington DC), Masood Khalid (Beijing), Abdul Basit (New Delhi), Maleeha Lodhi (UN New York), Ayesha Riyaz (Vienna), Naghmana Hashmi […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]