US tacitly supporting Chinese investments in PoK, Gwadar port: Sources
By Anchal Vohra The United States is tacitly supporting Chinese investments in Pakistan Occupied Kashmir and even those at Gwadar port, say sources. The revelation comes at a time when the Barack Obama administration has decided on selling eight F-16s to Pakistan ignoring India’s displeasure. US envoy to India Richard Varma said that the Chinese […]
Both Iran, Pakistan stand to benefit from One Belt, One Road
Beijing : During Chinese President Xi Jinping‘s recent visit to the Iranian capital of Tehran in January, the two countries agreed to cooperate in a number of areas including energy, transportation, railways and ports. The new development raised some concern in the Pakistani media that the China-Pakistan Economic Corridor (CPEC) could face some competition from […]
Govt Released Rs 1.34 billion to Execute IT and Telecom Projects
By Asma Bloach Islamabad: Under the Public Sector Development Programme (PSDP), the government has so far released Rs 1.342 billion for various ongoing projects of the Ministry of Information Technology and Telecommunication this year. According to the data revealed, China has released Rs 1.15 billion for formation of cross-border Optical Fibre Cable (OFC) system between China and […]
CPEC western route work progressing in full swing
Islamabad: Work on the western route of China Pakistan Economic Corridor (CPEC) is progressing in full swing. Gwadar-Surab Section will be completed by December 2016 while ground-breaking of D. I. Khan Section will take place in month of March this year and will be completed by July 2018. Western route is very much part of […]
CPEC to expand Pakistan’s trade, energy links: Sartaj
Islamabad: Prime Minister’s Adviser on Foreign Affairs Sartaj Aziz says China Pakistan Economic Corridor (CPEC) will hugely impact Pakistan as well as the whole region. Addressing a ceremony in Islamabad on Thursday evening, he said CPEC will help in overcoming poverty, inequality and unemployment in the less developed areas of the country. He said Pakistan’s […]
CPEC power projects: government likely to extend supplemental agreement facility
Islamabad: The federal government is likely to extend facility of supplemental agreement to all the present and future power projects of China Pakistan Economic Corridor (CPEC) after consultation with China, official sources told Business Recorder. The Economic Co-ordination Committee (ECC) of the Cabinet on April 23, 2015 had approved the supplemental agreement in the following […]
Govt approves Rs 8.12/unit tariff for China hub power plant
Islamabad: Government has approved China hub power plant to set power tariff at Rs 8.12 per unit, Dunya News reported Wednesday. The coal-based power plant being constructed jointly by China Power Investment Corporation and Hub Power Company (HPC) will cost around USD 2 billion. The project will add 1,320 Mega Watt (MW) electricity to the […]
Summary forwarded to PM for convening CCI meeting on CPEC
Islamabad: Minister for Inter Provincial Coordination (IPC), Riaz Hussain Pirzada Wednesday informed National Assembly (NA) that the ministry has sent a summary to the Prime Minister (PM) to convene a meeting of the CCI regarding CPEC project. Responding to a question of Member National Assembly (MNA) Nafeesa Khattak, he said the ministry has also sent […]
Economic corridor: Federal government tries to ease concerns, remove suspicions
Islamabad:Federal Minister Planning, Development and Reform Ahsan Iqbal has stated that work on western route of the China-Pakistan Economic Corridor (CPEC) progressing in full swing and the Gwadar-Surab Section will be completed by December 2016. The ground-breaking of D.I. Khan Section will take place in March this year and will be completed by July 2018. […]
Pak Navy allocates Special Marine Battalion at Gwadar port
Gwadar: With the development of the deep sea port at Gwadar, the Pakistan Navy is anticipating fresh security challenges. It has thus allocated a Special Marine Battalion at the port for surveillance. These marines will safeguard sea links used for communication and provide protection to trade ships routing in and out of the port in […]