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FIEDMC appreciates federal budget allocation of worth Rs118 billion for projects under CPEC
ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 13th Jun, 2020 ) :Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) Mian Kashif Ashfaq on Saturday termed the Federal Budget 2020-21 as balanced, growth-oriented and pro-business despite economic crunch due to coronavirus pandemic. Talking to media persons here, he…
Read More »Construction work on Gwadar Port Free Zone Phase-I is completed: PES
ISLAMABAD: Some 18.53 million people will be unemployed in Pakistan in case of a complete shutdown (lockdown) forced by COVID-19, says the Pakistan Economic Survey (PES) released on Thursday. Quoting the Pakistan Institute of Development Economics (PIDE), it said that in case of limited restrictions, about 1.4 million jobs will…
Read More »Federal budget 2020-21 focuses CPEC, allocates Rs24 billion for up-gradation of Main Line-1 (ML-1)
ISLAMABAD, Jun 12 (APP):The government has allocated Rs80 million in Public Sector Development Programme (PSDP) 2020-21 for one on- going scheme of the Board of Investment (BOI) for the industrial promotion and Investment in the country. According to the details, the government has allocated Rs80 million for establishment of Project…
Read More »PM Khan directs timely completion of Main Line-1 (ML-1) railway project under CPEC
ISLAMABAD: Prime Minister Imran Khan on Thursday said ML-1 (Main Line One) was an important project of China-Pakistan Economic Corridor (CPEC) and directed to complete the restructuring of Pakistan Railways keeping the ML-1 project in view so as to create maximum opportunities for private sector partnership. The prime minister stated…
Read More »CPEC early harvest projects have created over 85,000 direct jobs for locals: Pakistan Economic Survey (PES)
ISLAMABAD: Some 18.53 million people will be unemployed in Pakistan in case of a complete shutdown (lockdown) forced by COVID-19, says the Pakistan Economic Survey (PES) releasednon Thursday. Quoting the Pakistan Institute of Development Economics (PIDE), it said that in case of limited restrictions,about 1.4 million jobs will be lost,…
Read More »General Administration of Sport of China donates mask to help Pakistan fight COVID-19
Government set to engage international consultant for up-gradation of Mainline-1 (ML-1) under CPEC
ISLAMABAD: The government has decided to engage international consultant for the preparation of governance, human resource structures, development of business and cash flow models for up-graded Main Line (ML-1) project under the China-Pakistan Economic Corridor (CPEC). The Central Development Working Party (CDWP) has recommended $7.2 billion ML-1 railway project to…
Read More »Pakistan invites Swiss companies to participate and invest in CPEC SEZs
ISLAMABAD (Dunya News) – Ambassador of Switzerland in Pakistan and Defence Attaché called on Special Assistant to Prime Minister on Information and Broadcasting and Chairman CPEC Authority, Lt. General (retd) Asim Saleem Bajwa in Islamabad on Wednesday. In his message on twitter, Asim Saleem Bajwa said that he briefed the…
Read More »A Chinese company offers to manufacture drones to combat locust plague in Pakistan
BEIJING, June 10 (APP): A leading Chinese company has expressed willingness to set up an industrial unit in Pakistan to manufacture drones that can be used to protect crops and control locust. “From factory construction, production, assembly, after-sales to personnel training, we can provide a full set of technical support…
Read More »Pakistan’s GDP is set to increase up to 6.43% under CPEC: World Bank
ISLAMABAD: The mega projects like China’s BRI and CPEC will prove to be growth-pullers in the time of global recession in the days to come (following the outbreak of Covid-19), said Gwadar Pro quoting the recently published reports and research studies of World Bank (WB) and IMF. Although at present,…
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