CPEC updates

Minister apprises NA regarding CPEC projects

January 12, 2020

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar informed the members of National Assembly (NA) regarding the details of China Pakistan Economic Corridor (CPEC) projects. The minister shared that the total cost of CPEC projects is approximately $50 billion, out of which 13 projects worth approximately $11bn are[...]
Pakistan, Poland have vast scope to increase trade, says envoy

Pakistan, Poland have vast scope to increase trade, says envoy

November 30, 2019

ISLAMABAD: While bilateral trade volume between Pakistan and Poland has seen an increase of half a billion euros, Poland Ambassador to Pakistan Piotr A Opalinski believes that there is still plenty of room for more. Addressing the business community in a visit to the Islamabad Chamber of Commerce, Opalinski said[...]
Karot Project: 5 million people to benefit from clean energy

Karot Project: 5 million people to benefit from clean energy

November 28, 2019

GENEVA: The Karot Hydropower Project, part of the China-Pakistan Economic Corridor (CPEC) and financed by China’s Silk Road Project, will generate clean energy for around five million people in Pakistan once completed, said Zhou Taidong, from the China Centre for International Knowledge on Development. The project, a run-of-the-river dam with[...]
Taiwan mulls moving textile firms to Pakistan

Taiwan mulls moving textile firms to Pakistan

November 18, 2019

LAHORE: Taiwan Textile Federation President Justin Huang has conveyed his interest in relocating Taiwanese textile companies from Vietnam to Pakistan due to the favourable labour market in the country. Justin cited the overcrowding of Vietnam’s manufacturing industry as the reason of his lookout for other venues. “At present, Vietnam is[...]
CPEC security to be given utmost importance

CPEC security to be given utmost importance

November 12, 2019

ISLAMABAD: Pakistan and China have agreed to incorporate increased use of technology to enhance the security system in place to monitor the China-Pakistan Economic Corridor (CPEC), identifying Gwadar Port as a pilot project for the purpose. While the Chinese government extended its appreciation for the current provisions in place to[...]
CPEC to focus on economic growth in future projects

CPEC to focus on economic growth in future projects

November 6, 2019

ISLAMABAD: Pakistan and China, in the latest meeting regarding the China-Pakistan Economic Corridor (CPEC), have agreed to shift the mega project’s focus from infrastructure development – barring the $9 billion Mainline-1 projects – to work on economic progression in future projects. Decisions to expand the CPEC scope to copper, gold,[...]
KP assembly seeks compensation for damaged roads

KP assembly seeks compensation for damaged roads

November 5, 2019

MANSEHRA: Heavy vehicles and machinery working on the China-Pakistan Economic Corridor (CPEC) project have damaged roads of the region, according to Khyber Pakhtunkhwa (KP) assembly’s standing committee on works and communication. Committee Chairman Zahir Shah Toru has asked the federal government to ensure compensation for the broken roads. “Various roads[...]

Financing plan of mega projects under CPEC to be discussed in 9th JCC

November 4, 2019

ISLAMABAD: The formal negotiations on the expansion and reconstruction of the Karachi-Peshawar Line (ML-1) will be discussed in the upcoming 9th joint cooperation committee (JCC) on CPEC, which will be held in Islamabad on November 6. Along with deliberations on the western route of the corridor, other projects to be[...]

CM Buzdar grants SEZ status to M-3 Industrial city, Bahawalpur Industrial Estate

November 4, 2019

LAHORE: Allama Iqbal Industrial City Faisalabad (M-3 Industrial City) was granted the status of Special Economic Zone (SZE) by Chief Minister Usman Buzdar, in the 3rd Special Economic Zone Authority Punjab. Under the establishment of SZE, the M-3 Industrial City consists of over 4,000 acres of land that will lead[...]
New development projects in Punjab, Sindh to be included in CPEC

New development projects in Punjab, Sindh to be included in CPEC

November 2, 2019

ISLAMABAD: Punjab and Sindh will enjoy major gains in the upcoming joint coordination committee (JCC) of the China-Pakistan Economic Corridor (CPEC) framework as the government has decided to incorporate new infrastructure and socioeconomic development projects in the provinces. The development was shared with provincial ministers in separate meetings by Minister[...]