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belt and road

CPEC to create new job opportunities, says Tehmina Janjua

ISLAMABAD: Foreign Secretary Tehmina Janjua on Tuesday said that the flagship, multi-billion dollar China-Pakistan Economic Corridor (CPEC) project will create millions of jobs in the region. Addressing a seminar in the federal capital, Tehmina Janjua termed CPEC vital for Pakistan's economic progress and added that the project will foster collaborations and bring regional countries closer. She said CPEC is an imperative part of China's 'Belt and Road 'project and underscored the importance of inter-countries relations…

NBP sign Belt and Road Cooperation Framework Agreement with Chinese bank

BEIJING: National Bank of Pakistan (NBP) has signed a framework agreement on regular cooperation under the “Belt and Road” with the Chinese Bank, ICBC here, according to state-run wire service. Deputy General Manager, International Banking Department, ICBC HO, Wang Kun signed the agreement on behalf of ICBC and Chief Representative, Shaikh Muhammad Shariq inked the agreement on behalf of NBP. The signing ceremony, as reported by the APP, was witnessed Zhang Leilei, Head of FI Division, International Banking Department,…

Pakistan will soon become an energy efficient country: minister

SUZHO, China: Federal Minister for Energy Omar Ayub Khan on Thursday said that Pakistan will soon become an energy efficient country as Pakistan Tehreek-e-Insaf (PTI) government is determined to meet the future energy needs of the country. Delivering a keynote address at the opening ceremony of the Belt and Road Ministerial Conference- held today in Suzhou, the minister emphasized that Pakistan would be guided by imperatives of transparency, efficiency, and win-win co-operation while seeking investment in the power…

China says will ‘take care of’ debt issues of ‘Belt and Road’ projects, respects Malaysia pull-out

NUSA DUA, Indonesia: China’s vice finance minister Zou Jiayi on Saturday acknowledged debt issues with some of its ‘Belt and Road’ projects, saying the government will strengthen macro-supervision on the debt sustainability aspect of its overseas investments. China has been promoting an ambitious Belt and Road initiative since 2013, as President Xi Jinping expands trade corridors along a modern-day Silk Road linking Asia, Europe and Africa, pumping credit into building roads, railways and ports in a trillion-dollar…

US firms ‘ready’ to get on China’s Silk Road project

BEIJING: US companies are ready to get involved in China's Silk Road project, an American official said Sunday, as Washington strikes an increasingly cooperative tone with its biggest trade rival.  President Donald Trump was scathing about China's trade policies on the campaign trail, but relations have warmed in recent weeks as the US leader softens his stance. At an international summit in Beijing showcasing China's ambitious One Belt, One Road initiative, US delegate Matt Pottinger said American companies had "much…