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 […]
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 […]