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China Pakistan Economic Corridor

Gwadar International Airport now fully operational

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Gwadar International Airport

GWADAR: The New Gwadar International Airport officially became operational as its first commercial flight landed successfully on Monday. PIA flight PK-503, which departed from Karachi at 9:50 AM with 46 passengers on board, touched down at the new airport at 11:15 AM local time. The arrival of the flight marked the beginning of operations at … Read more

Webinar held on socioeconomic status of women in Balochistan

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Webinar held on socioeconomic status of women in Balochistan

ISLAMABAD: The Islamabad Policy Research Institute (IPRI) on Thursday organised a webinar on the socioeconomic status of women in Balochistan, which was addressed by the stakeholders from all walks of life, a statement said. The discussants included Senator Sana Jamali, Fatima Nangyal Khan from the National Commission on the Status of Women (NCSOW); and Bushra … Read more

Karot Power, Three Gorges Wind Farm recognised by Nepra

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Karot Power, Three Gorges Wind Farm

Karot Hydropower Project (KHP) and (TGW) awarded outstanding performance awards. Awards were made by the  (Nepra) as part of its vision for “Power with Safety.” Nepra evaluated HSE Performance of its licencees for the year 2022 by reviewing their operational Health. KARACHI: The National Electric and Power Regulatory Authority (Nepra) has awarded Karot Hydropower Project … Read more

Committee formed by PM to remove problems of foreign investment companies

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Committee formed by PM
  • Prime Minister Shehbaz Sharif formed a committee on Monday to address the issues confronting foreign investment firms
  • Within ten days, the committee will present a complete report to the prime minister, along with suggestions
  • He instructed that barriers in the issuing of visas to Chinese people be removed without prejudice against project workers associated with the China-Pakistan Economic Corridor (CPEC) or with other nations

ISLAMABAD: Prime Minister Shehbaz Sharif formed a committee on Monday to address the issues confronting foreign investment firms, notably those relating to the Gwadar Free Zone.

Within ten days, the committee will present a complete report to the prime minister, along with suggestions. Prime Minister Sharif, who presided over a high-level investment meeting, stated that Chinese investment firms would be given priority treatment.

He instructed that barriers in the issuing of visas to Chinese people be removed without prejudice against project workers associated with the China-Pakistan Economic Corridor (CPEC) or with other nations.

The prime minister charged the Investment Board, the Planning Ministry, and the Finance Ministry with developing a comprehensive plan to encourage investment.
Federal ministers including Miftah Ismael, Chaudhry Salik Hussain, and Ahsan Iqbal, as well as advisors Tariq Fatemi and Zafaruddine Mehmood, attended the conference. Companies have invested $10 billion in energy, infrastructure, trains, and other projects, according to the prime minister.

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Hot stocks

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hot stocks

Habib Bank’s earnings up 13% The Habib Bank Limited (HBL) announced the earnings for 2021 at Rs35 billion, depicting a surge of 13 per cent. The jump in the earnings on a yearly basis is primarily due to reduced provisioning charges, as last year saw elevated expenses, as part of building general coverage along with … Read more

Right on track

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cpec

ISLAMABAD: Prime Minister Imran Khan’s much-anticipated visit to Beijing has not only cleared the ambiguities over the viability of the China-Pakistan Economic Corridor (CPEC) projects, but also attracted investment worth billions of dollars in various sectors. During the visit, the two sides also chalked out a plan for CPEC’s Phase-II, which involves huge incentives for … Read more

Deal signed to promote scientific and technological exchanges

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technology

KARACHI: The Special Technology Zones Authority (STZA) of Pakistan and a Chinese association have signed a Letter of Intent (LOI) to promote high-quality science and technological exchanges between China and Pakistan, a statement said. Zhongguancun Belt and Road Industrial Promotion Association of the People’s Republic of China (ZBRA) President Zhang Xiaodong, and STZA Chairman Amer … Read more

Unisame urges government to consult SME sector in policy formation

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SME

KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the Federal Minister for Industries and Production Khusro Bakhtiar to take the SME sector on board for consultation in the industrial policy formation, a statement said. Unisame President Zulfikar Thaver said that the Small and Medium Enterprises (SMEs) are the back forte of the … Read more

Unisame stresses the need for self-sufficiency

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Unisame

KARACHI: The government should aim to create self-sufficiency in food and chemicals to reduce dependency on drastically increasing imports, an official said on Monday. Union of Small and Medium Enterprises (Unisame) president Zulfikar Thaver said, “Self-sufficiency is the best answer in the present situation for a burdened and indebted economy. The heavy imports are consuming … Read more

Paying the heavy toll

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IMF

ISLAMABAD: Finally, the government has met all the conditions of the International Monetary Fund (IMF) for the review of the $6 billion programme, and the entire nation is already bearing its repercussions in the form high inflation, an economic slowdown and increase in the cost of doing business. For Finance Minister Shaukat Tarin the current … Read more

Orange Line — epitome of Pak-China friendship

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Orange Line

ISLAMABAD: A familiar broadcast sound from the Dera Gujran station reminded Mohammad Nauman of the first stop of his career. In 2020, the young man worked in Lahore to prepare the opening of the Orange Line, the country’s first metro train service, and witnessed the friendship between the locals and Chinese workers. Officially opened to … Read more

Key initiatives boost Pakistan’s ambitions

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Pakistan

ISLAMABAD: Fazal Rahim has been working on the Port Qasim Power Plant project for six years. The plant is part of the China-Pakistan Economic Corridor (CPEC) project. During his time at the plant, Rahim has witnessed growth on both professional and personal levels. “I was a fresh graduate when I started here, and now, six … Read more

China to work with Pakistan to promote high quality CPEC uplift

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CPEC

BEIJING: China stands ready to work with Pakistan to promote the high quality development of the China-Pakistan Economic Corridor (CPEC) so that it will drive growth and benefit people’s livelihood, and play a bigger role in promoting regional connectivity and economic integration, a Chinese Foreign Ministry spokesperson said. “The China-Pakistan Economic Corridor (CPEC) is a … Read more

NBP to facilitate Chinese investors in CPEC Phase-II: official

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NBP

BEIJING: Chief representative of the National Bank of Pakistan (NBP) in China, Shaikh Muhammad Shariq, has said that his bank is committed to provide maximum banking facilitation to the Chinese businessmen during the second phase of the China-Pakistan Economic Corridor. The NBP has provided maximum banking facilitation during the first phase of CPEC and is … Read more

Gwadar to be connected with national grid soon

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Gwadar

ISLAMABAD: To meet the electricity requirement of Gwadar 132kV line has been built and it will be connected with the national grid soon. This was stated during the fourth meeting of the Pak-China Relations Steering Committee, which was held under the chairmanship of Federal Minister for Planning Development and Special Initiatives Asad Umar on Wednesday. … Read more

Minister commends Chinese govt for hosting joint economic committee session

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economic

ISLAMABAD: Federal Minister for Economic Affairs Omar Ayub Khan commended the government of China for hosting the 15th session of the Joint Economic Committee (JEC) on economic, trade, scientific and technical cooperation after a gap of 11 years. The virtual meeting of the JEC was co-chaired by Ren Hongbin, vice minister of China and Mian … Read more

Pakistan’s exports to China setting records this year: official

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sri lankan exports

ISLAMABAD: The Pakistan-China bilateral trade and Pakistan’s exports to China are both running at record levels for the year to-date, a Chinese official said. The economic and trade cooperation between China and Pakistan are mutually beneficial and has delivered tangible benefits to the people of the two countries, Chinese Foreign Ministry spokesperson Wang Wenbin said … Read more

Majority of CPEC projects completed: diplomat

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CPEC

KARACHI: The majority of the China-Pakistan Economic Corridor (CPEC) projects have been completed, with Gwadar becoming the most important in the region, an official said on Monday. Chinese Consul General Li Bijian during his visit to the Korangi Association of Trade and Industry (Kati) said that CPEC is an important part of Pakistan-China friendship, but … Read more

Exchange of delegations can boost Pakistan-Bangladesh trade: Diplomat

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LAHORE: The exchange of trade delegations and single country exhibitions could help increase the volume of Pakistan-Bangladesh trade, a diplomat said on Saturday. Speaking at the Lahore Chamber of Commerce and Industry (LCCI), High Commissioner of Bangladesh in Pakistan Muhammad Ruhul Alam Siddique said that the government is easing visa issuance procedure for the businessmen … Read more

Pakistan-UAE economic ties strengthening with $8 billion trade volume: FM Qureshi

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Pakistan-UAE economic

ISLAMABAD: The economic relations with the United Arab Emirates (UAE) are gaining strength, with a trade volume of over $8 billion, making it the biggest trade partner in the Middle East and Northern Africa, a senior government official said. Addressing the 50th National Day of the UAE, Foreign Minister Shah Mahmood Qureshi said that the economic … Read more

Timelines for CPEC projects must be adhered to: PM Imran Khan

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PM Imran Khan

ISLAMABAD: Prime Minister Imran Khan has emphasised that the timelines specified for the completion of the China-Pakistan Economic Corridor (CPEC) projects should be adhered to. The government of Pakistan is fully committed to the provisions of CPEC agreements, he said, while presiding over a high-level meeting held here to review the progress on CPEC projects. … Read more

Around 95% work on Karot hydropower project completed

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Karot hydropower project

ISLAMABAD: The Karot hydropower project will start its commercial operations by the first half of 2022, as around 95 per cent work of the project had been completed, according to official sources in the China-Pakistan Economic Corridor (CPEC) Authority. Recently, the Karot hydropower project, which is a major project under the China-Pakistan Economic Corridor, successfully … Read more

Khyber-Pakhtunkhwa’s economic potential to be tapped through SEZs: official

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Khyber-Pakhtunkhwa’s economic

ISLAMABAD: The authorities in Pakistan’s northwest Khyber-Pakhtunkhwa province are determined to tap the economic potential of the province through the development of special economic zones (SEZs), chief executive officer of the KP Economic Zones Development and Management Company (KPEZDMC) has said. The investment-friendly policies of the provincial government and efforts of the KPEZDMC have enabled … Read more

Balochistan bans fishing, trawling off Gwadar coast

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Balochistan

KARACHI: The Balochistan government earlier this week banned fishing and trawling off the Gwadar coast after talks with protesters from the local fishing community, Arab News reported on Saturday. A group of protestors in the Gwadar port city staged a sit-in earlier this week, complaining the government was not doing enough to prevent “illegal trawling” in the … Read more

Pakistan, China sign deal on onion export: envoy

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Onion

BEIJING: Pakistan’s Ambassador to China Moin ul Haque has said that signing a memorandum of understanding (MoU) on onion export from Pakistan to China is an important step in promoting bilateral trade between the two countries. “This is a very welcome development because Pakistan and China are very important trading partners and the MoU will … Read more

Govt taking steps on priority basis to enhance economic activity: PM Imran Khan

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Imran Khan

ISLAMABAD: Prime Minister Imran Khan has said that with the focus on increasing investments in export industry for creating employment opportunities, the government is taking steps on a priority basis to enhance economic activity in the country. All government institutions are working together to provide a conducive environment for investors, he said, adding that the … Read more

Karot Hydropower Station starts impounding water

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Karot Hydropower Station starts impounding water

BEIJING: The Karot Hydropower Station, the first hydropower project under the China-Pakistan Economic Corridor (CPEC) closed the gates of its diversion tunnels after six years of construction, and officially started reservoir impoundment. That’s the accumulation of water in its reservoir for future use. It’s a milestone event, marking the completion of around 95 per cent … Read more

Hydropower project of CPEC starts reservoir impoundment

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CPEC

KAROT: The Karot hydropower project, a pilot project under the China-Pakistan Economic Corridor (CPEC), successfully closed the gates of the diversion tunnels on Saturday, starting reservoir impoundment. Invested by the China Three Gorges Corporation (CTG) with a total of about $1.74 billion, the Karot hydropower project in Pakistan’s eastern Punjab province is the fourth level … Read more

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