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Gwadar Port being major player in New Silk Road Initiative offers core connectivity to GCC and Middle East
Being the major player of China’s ambitious New Silk Road Initiative, Pakistan has said it would connect the Chinese initiative towards the entire Gulf Cooperation Council (GCC). “Pakistan is basically the main corridor for China. That’s why Gwadar Port is becoming the core seaport for the entire BRI [Belt and…
Read More »China-Pakistan Free Trade Agreement- II to be implemented from First December, with immediate elimination on 313 Tariff Duty Lines
The second phase of China-Pakistan Free trade agreement (CPFTA) is set to come into effect from 1st of next month (December 2019). China agrees for the immediate elimination of tariffs on 313 most priority tariff lines of Pakistan’s export interest giving treatment on a par with ASEAN. These 313 tariff…
Read More »China to build 19 factories in Gwadar, invest in provincial mining, agriculture, fisheries and water sectors: Chinese Ambassador
Chinese Ambassador to Pakistan Yao Jing has announced that China is setting up 19 factories in Gwadar, saying that the measure will help create job opportunities for Balochistan’s youth. “China seeks to contribute to the development of Balochistan’s mining, agriculture, fisheries and water sectors while the Chinese consulate is easing…
Read More »Chinese Sinohydro Group vows to build high class CPEC Hydro projects in Pakistan
BEIJING: Chinese engineers and workers kept high the country’s image and goodwill among the people of Pakistan, while constructing the CPEC’s related projects as per the International standard. “We are committed to promoting China’s standards for CPEC’s major hydropower projects, said Yang Haiyan, Deputy Chief Engineer Beifang Investigation, Design &…
Read More »PM Khan urges Huawei to hire brilliant and competent Pakistani youth
Meanwhile, Prime Minister Imran Khan on Thursday invited Huawei, the Chinese telecom and IT giant, to explore huge business opportunities created in Pakistan under the new E-policy. Talking to Chairman of the supervisory Board Huawei Li Jie in Islamabad on Thursday who called on him along with his delegation, Prime…
Read More »Joint Working Group Approves Azad Pattan Hydropower Project’s inclusion in CPEC
The China-Pakistan Economic Corridor (CPEC) Joint Working Group (JWG) has approved 700MW Azad Pattan hydropower project for inclusion in the CPEC list. This will assist to reach early financial close, start construction next year and also arrange the project’s financing in RMB – Chinese currency. The project will also be…
Read More »Pakistan is avid to fast-track China-Pakistan Economic Corridor projects: Chairperson Senate Special Committee on CPEC
Chairperson of the Senate Special Committee on China Pakistan Economic Corridor Senator Sherry Rehman, in a meeting with representatives of Bureau-I (South and Southeast Asian Affairs), International Department Central Committee of Chinese People’s Congress, observed that Pakistan is very keen to take the CPEC projects forward expeditiously and further enhance…
Read More »Government is ardent to remove ambiguities from business laws and regulations: Chairman BoI
Chairman, Board of Investment Zubair Gilani Thursday said the government was focusing on better regulatory initiatives to promote business and investment. He said that loopholes in business laws and regulations would be abolished that would facilitate growth of business and investment activities in the country. He was addressing business community…
Read More »Chairman NA Foreign Affairs Committee meets Chinese Vice Foreign Minister Luo Zhaohui in Beijing
BEIJING (APP) – Foreign Affairs Committee of National Assembly Chairman Malik Ehsan Ullah Tiwana met with the Chinese Vice Foreign Minister Luo Zhaohui and exchanged views on issues of common interest, says a statement issued by Chinese Ministry of Foreign Affairs here on Wednesday. The two sides also exchanged views…
Read More »Chinese snack company and Halo Foods Pakistan sign $42 million deal during 2nd China International Import Expo
Chinese snack company Bestore signed a deal with Pakistan pine nut provider worth 300 million yuan ($42 million) on Wednesday as the company furthers overseas efforts with opportunities brought by the Belt and Road Initiative. With the new move, Halo Foods, Pakistan’s largest pine nut purchase and processing firm, will…
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