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ISLAMBAD: The Board of Investment and China’s RUYI Shandong signed a Memorandum of Understanding (MoU) on Friday, marking a major step toward enhancing Pakistan’s textile exports and job creation. Under the agreement, RUYI will establish international-standard textile parks in Sindh and Punjab, aiming to boost exports to $5 billion and…

ISLAMABAD: Pakistan on Thursday dismissed claims that it has reached an agreement with China for the establishment of a naval base in Gwadar port, with the Foreign office spokesperson termed all such speculation completely unfounded. At the weekly briefing here on Thursday, Foreign Office Spokesperson Mumtaz Zahra Blaoch rejected all such…

Ambassador Jauhar Saleem, President IRS, underscored that China, had focused on people-centric governance by adoption and implementation of polices responsive to the needs of people, leading the country to lift around 800 million from the poverty. He underlined that the purpose of governance was to manage the country’s economic and…

KARACHI: Pakistan on Thursday reaffirmed its commitment to working with China for shared prosperity, and promoting peace and stability in the world. The second phase of the China-Pakistan Economic Corridor (CPEC) would help transform the country’s economy, Prime Minister Shehbaz Sharif said at the National Day Reception, hosted by the…

ISLAMABAD, Sep 18 (APP): Chairman of the Pakistan Atomic Energy Commission (PAEC), Dr Raja Ali, on Wednesday extended heartfelt felicitations to China on completing 40 years as a member state of the International Atomic Energy Agency (IAEA). Chairman of the Pakistan Atomic Energy Commission (PAEC), Dr. Raja Ali Raza Anwar,…

The multibillion dollar corridor project is poised to get a boost after Beijing again conveyed its willingness to kick-start it, government sources told The Express Tribune. As part of the plan, China has also proposed to include nearly two dozen leftover projects of Phase-I in the Phase-II of CPEC. The…

ISLAMABAD   –   Turkmenistan is set to become the first Central Asian nation to utilise Pakistan’s Gwadar Port under the China- Pakistan Economic Corridor (CPEC) as a draft agreement between the Port of Gwadar and the Port of Turkmenbashi is under review at the cabinet level. The partnership aims to enhance…

Two major Chinese companies have announced to set up their plants in Pakistan to manufacture raw materials for the textile industry. This development has happened because of the facilitation provided by the Special Investment Facilitation Council. The two companies are expected to invest millions of dollars in the projects aimed…

Federal Minister for Commerce, Jam Kamal Khan on Saturday emphasized the strategic partnership between Pakistan and China, often referred to as “iron brothers.” The Commerce Minister highlighted the importance of aligning the two countries’ economic cooperation with their strong political and strategic ties. “While our economic partnership has grown significantly,…

International Innovation Park Limited EPZ and China National Cereals, Oils and Foodstuffs (COFCO) signed an agreement to cooperate in the agriculture sector worth more than $380 million on Saturday at the China International Fair for Trade in Services (CIFTIS) in Beijing. Pakistan’s Ambassador to China, Khalil Hashmi, Ghulam Qadir Trade…