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KARACHI: Phase two of the much-touted China-Pakistan Free Trade Agreement came into effect as of Wednesday, said a trade official. The new phase will allow Pakistani manufacturers and traders to export around 313 new products to the Chinese market with zero duties, Secretary Ministry of Commerce Ahmad Nawaz Sukhera said…

ISLAMABAD: Beijing and Islamabad will start from today (Wednesday) trade under Free Trade Agreement (FTA)–II which will provide the opportunity to Pakistan to increase its exports to China by $4-6 billion in next five years. The prominent salient feature of the FTA is the safe guard measures (SGMs) under which…

ISLAMABAD: Chinese Ambassador to Pakistan Yao Jing said he was looking forward much better Sino-Pak ties in the year 2020, particularly in social sector, and pushing forward industrialization in Pakistan. With the smooth implementation of the first phase of CPEC, their bilateral friendship has entered a new stage of enhanced…

Minister for Power and Petroleum Omar Ayub Khan says advent of New Year will usher in further strengthening of exemplary friendship between Pakistan and China. Talking to Chinese Ambassador to Pakistan Yao Jing in Islamabad on Tuesday, he said both countries are keen to work even closer in various fields…

QUETTA: The China Power Hub Generation Company and The Citizens Foundation (TCF) signed an agreement on Monday to build a school in the Gadani area of Lasbela district. Construction of the school building at a cost of Rs30 million has commenced and the first class will start in April next…

ISLAMABAD – Sahiwal Coal-Fired Power Plant has produced more than 21.2 billion Kilowatt-hours of cheap and clean energy, which has filled a quarter of power shortfall in Pakistan that meets the electricity demand of more than 4 million typical households. Mr Li Xin, the Chief Executive Officer of Sahiwal Power…

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Mehmood Khan has directed for immediate completion of all arrangements, including hiring of consultants, for initiation of work on Solarization of 800 water supply schemes to be included in CPEC projects. The total estimated cost of the project is Rs. 6.84 billion which will ensure…

ISLAMABAD: Minister for Planning and Development Asad Umar on Monday said the benefits of China-Pakistan Economic Corridor (CPEC) will start to trickle into the productive sectors of the economy including industry and agriculture during the year 2020. The first phase of CPEC (early harvest projects) addressed key infrastructure gaps in…

Pakistani government has tabled Tax Laws (Amendment) Ordinance before its Lower House of Parliamentary Committee for getting approval on tax exemptions of all taxes for both Gwadar Free Port and Free Economic Zone that is a welcome step. The Chinese government highly appreciates the efforts of the government of Pakistan…

A ‘Pakistan pavilion’ was opened in Yiwu, a city located in China’s Zhejiang Province to display products of Pakistani manufacturers and traders aimed at boosting imports from Pakistan particularly after the implementation of China-Pakistan Free Trade Agreement (CPFTA). Pakistan Ambassador to China, Naghmana Alamgir Hashmi formally inaugurated the pavilion. Commercial…