Latest News

LAHORE: The Service Industries Limited and Chaoyang Long March Tyre Company on Monday signed a joined venture worth $250 million to produce all steel radial truck and bus tyres, with likely $100 million exports in the first year of production. The ceremony was witnessed by visibly elated Commerce and Trade…

Prime Minister Imran Khan on Monday inaugurated Havelian-Thakot section of Hazara motorway and criticised the opposition for the recently concluded ‘Azadi March’. Referring to the recent opposition sit-in in the federal capital as “circus”, the premier said he had earlier predicted that all corrupt elements will unite under one banner…

Planning Minister Khusro Bakhtyar says industrial base of the country would be expanded under China Pakistan Economic Corridor’s next phase to help increase national exports. Addressing the 3rd annual two-day conference on CPEC Consortium of Universities in Islamabad on Monday, he said the Chinese government is investing one billion dollars…

Addressing a ceremony in Rawalpindi today (Monday) Shiekh Rasheed Ahmed said that a Railway University will be established in cooperation with China in Pakistan. Talking to media persons in Rawalpindi today, he said this project will significantly reduce the travel time for passengers. Minister for Railways Sheikh Rasheed Ahmad said…

LAHORE: The Ministry of Railways has sent a summary of $9.249 billion to the Planning Commission for PC-1 of expansion and reconstruction of existing line (ML-1) project related to the China-Pakistan Economic Corridor (CPEC). After the approval of PC-1, phase 1 is expected to be completed in four years, phase…

Pakistan and China have reportedly discussed the possibility to include Pakistan Steel Mills (PSM) in China Pakistan Economic Corridor (CPEC), well informed sources told Business Recorder. This proposal came under discussed at 9th Joint Cooperation Committee (JCC) meeting held on November 6, 2019 in Islamabad. However, other options are also…

Prime Minister Imran Khan will perform inauguration of Havelian-Thakot section of Hazara motorway project today. The motorway is part of China Pakistan Economic Corridor project. The project will serve as main route for Pakistan-China commercial traffic. It shall directly benefit approximately seven million population of Hasan Abdal, Haripur, Havelian, Abbottabad,…

After the successful construction of the first phase of the China-Pakistan Economic Corridor (CPEC), the business environment has improved in Pakistan, Cheng Xizhang, special commentator of China Economic Net and visiting professor at Southwest University of Political Science and Law said. The first and most fundamental reason is that the…

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced to endorse the Pak-China agreement to set a new direction of the China-Pakistan Economic Corridor (CPEC) for future cooperation in high economic impact areas, especially the shifting of the Chinese manufacturing units to…

LAHORE: Being a cheap labour market, Pakistan can transform into an excellent destination for Taiwanese textile companies, which are willing to relocate their units outside Vietnam, said Taiwan Textile Federation President Justin Huang. “At present, Vietnam is crowded, which causes difficulties for Taiwanese textile firms there, such as labour shortages,”…