Chinese company official terms Gwadar seaport CPEC’s vital axis
In a meeting with the business community here at Lahore Chamber of Commerce and Industry (LCCI), Mr. YO BO, chairman of China Overseas Port Holding Company (COPHC), highlighted the transformative progress of Gwadar under the China-Pakistan Economic Corridor, saying that the seaport had emerged as CPEC’s vital axis. He emphasised that Pakistan’s economic circumstances were…
Adil Aziz
SBP to issue Rs 100 coin to commemorate 10 years of CPEC
To mark the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), the State Bank of Pakistan (SBP) to issue Rs 100 commemorative coin on Friday. The coin shall be issued through the exchange counters of SBP Banking Services Corporation from August 11, 2023. The government of Pakistan has decided to issue a commemorative coin of…
China-funded New Gwadar Int’l Airport to be inaugurated soon: Commercial Counselor
The China-funded New Gwadar International Airport, the flagship project under the China-Pakistan Economic Corridor (CPEC), is likely to be inaugurated soon, Commercial Counselor, Pakistan Embassy Beijing, Ghulam Qadir said. A high-powered Chinese delegation will fly to Pakistan to participate in the inauguration ceremony. Launched in 2019, the $230-million project fully funded by the Chinese government…
Modern technology, alternative energy inevitable to achieve exports competitiveness: PM
PM soft launching of Ombre Special Economic Zone, Sundar Green Special Economic Zone and Smart Special Economic Zone Prime Minister Shehbaz Sharif said that the utilization of modern technology and alternative energy by the industrial sector were inevitable to make exports competitive in the international market. The prime minister, addressing the soft launching of Ombre…
Pakistan to utilize Chinese expertise to boost exports, operate SEZs: Ahsan Iqbal
Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal said China would provide Pakistan with technical ‘know-how’ and expertise to increase exports and help successful execution of the Special Economic Zones (SEZs), under the CPEC project. “We have requested China not to give us fish, [but] teach us how to catch the fish. Pakistan…
Pakistan seeks Chinese investment to upgrade agriculture, IT, mining, housing sectors: Ahsan Iqbal
Federal Minister for Planning, Development, and Special Initiatives, Prof. Ahsan Iqbal has said that Special Economic Zones (SEZs) will provide an opportunity for Chinese investments to take advantage of incentives that Pakistan offers to foreign investment with concessions. “We are working on nine special economic zones. The first Rashakai Special Economic Zone will be inaugurated…
PM ground breaking of Chashma Nuclear Power Plant Unit-5
Prime Minister Muhammad Shehbaz Sharif broke ground on the 1200 MW Chashma Nuclear Power Plant Unit 5 (C-5) here which is likely to be completed in seven to eight years at a cost of around US$3.48 billion. On June 30, 2023 the prime minister witnessed the signing of Memorandum of Understanding (MoU) on the C-5…
CPEC an inclusive platform for third parties to benefit from investment opportunities: Mumtaz Zahra Baloch
Pakistan reiterated that being an important node in cross regional connectivity, China Pakistan Economic Corridor (CPEC) was an inclusive and open platform for interested third parties to benefit from investment opportunities in its priority areas like industry, agriculture, IT, science and technology, and oil and gas sectors. The Foreign Office spokesperson Mumtaz Zahra Baloch, in…
China in a perfect position to help Pakistan develop SME sector: CG
Consul General of China Yang Yundong, while responding to President Karachi Chamber’s suggestion, stated that China’s Small & Medium Enterprises (SMEs) account for 70 to 80 percent of GDP so it was in a perfect position to help Pakistan develop its SME Sector. In addition to developing the SME sector, a host of other areas…
China to work with Pakistan to boost bilateral trade through land transportation: Wang Wenbin
China welcomed quality agricultural products from Pakistan to enter its market and stands ready to continue to work with Pakistan to boost bilateral trade through land transportation. As all-weather strategic cooperative partners, China and Pakistan have engaged in close cooperation in trade and other fields, Chinese foreign ministry spokesperson Wang Wenbin said in response to…