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ISLAMABAD: In the past decade, the Belt and Road Initiative (BRI) has galvanized nearly $1 trillion, launched over 3,000 cooperation projects, created over 420,000 jobs, and lifted 40 million people out of poverty, Chinese Foreign Minister Qin Gang said here at a press conference on the sidelines of the first session…

In a move to promote strategic cooperation between China and Pakistan in industry-university research on modern agriculture, documents of understanding (DoU) were signed by the National University of Sciences and Technology (NUST), Weifang Engineering Vocational College, Qingzhou Municipal Government and Weifang National Comprehensive Pilot Agriculture Zone at Weifang last week.…

ISLAMABAD: This year will see the 10th anniversary of the China-proposed Belt and Road Initiative (BRI) and the 10th anniversary of the launch of the China–Pakistan Economic Corridor (CPEC). As one of the key enterprises participating in the construction of the CPEC, POWERCHINA has been active in various fields such…

China’s top legislator on Tuesday urged the National People’s Congress (NPC) to uphold and improve the people’s congress system and continuously enhance whole-process people’s democracy. Li Zhanshu, chairman of the Standing Committee of the 13th NPC, made the remarks while delivering a work report at the first session of the…

President Xi Jinping has underlined high-quality growth as the primary task for China in building itself into a modern socialist nation in all respects, saying that the nation must unswervingly deepen reform and opening-up and pursue in-depth trans-formation in its model of development. The president, who represents Jiangsu province as…

BEIJING: China remains Pakistan’s largest trading partner during the first quarter of the ongoing fiscal year 2022-23 and the leading investor in Pakistan in the first five months of FY 2022-23, contributing 23.83%, or $102.5 million to its FDI. It is expected as special economic zones (SEZs) under the umbrella…

ISLAMABAD, Mar 6 (APP): The China-Pakistan Agricultural Corridor project would pave the way for a new era of collaboration between the two all-weather strategic partners, said China Study Center Director Xiang Yang on Monday. She, in an exclusive talk with APP, said the following project was a significant initiative and…

Islamabad-The federal government will spend Rs450 million for hiring of consultant for the preparation of governance-HR structures, development of business and cash flow models and its implementation for upgradation of Karachi to Peshawar Main Line-1 (ML-1) under China-Pakistan Economic Corridor (CPEC). The Central Development Working Party (CDWP) has approved the…

BEIJING: Rejecting accusations about the “debt-trap diplomacy”, China has Saturday insisted that on the contrary, African nations have reaped a great deal of benefits from the infrastructure projects as part of its Belt and Road Initiative (BRI). In fact, African economies were weighed down by a whooping external debt owed…

Industrial and Commercial Bank of China Ltd on Friday approved a rollover of a $1.3 billion loan for cash-strapped Pakistan, which will help shore up its depleting foreign exchange reserves, Finance Minister Ishaq Dar said. The facility will be disbursed in three instalments. The first one of $500 million has…