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CPEC

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…

Farooq Sattar wants inclusion of Karachi projects in CPEC

KARACHI: Leader of Muttahida Qaumi Movement-Pakistan (MQM-P) Farooq Sattar has suggested that several key projects of Karachi could be included in the China Pakistan Economic Corridor (CPEC), ARY News reported. Speaking to media here on Monday, the MQM-P leader said he was disappointed for what he termed the Prime Minister neglecting Karachi based projects during discussions in his recent visit to China. "Important projects like K-IV and a few others could be made part of the CPEC," he suggested. Talking on the…

CPEC beneficial to both Pakistan and China: PM Khan

BEIJING: Prime Minister Imran Khan says the China Pakistan Economic Corridor (CPEC) will mutually benefit both the countries and create more investment opportunities. Addressing the China International Import Expo in Shanghai, Khan said his government was introducing reforms in each sector of Pakistan to ensure intended results. 'CPEC will open up new vistas & investment opportunities,' he underlined. "CPEC would serve as a vital link for the two countries, to the Middle East and Central Asian Republics and being…

Pakistan, China to further foster ‘Strategic Cooperative Partnership’

BEIJING: Pakistan and China on Sunday issued a joint statement announcing to further strengthen relations between the two 'all-weather' allies, a statement from the Pakistan Ministry of Foreign Affairs read. As currently, a high-level delegation headed by Prime Minister Imran Khan is on an official visit to China,15 agreements and memorandums of understanding (MOUs) for cooperation in diverse fields have been signed between the two countries. The agreements were signed during delegation-level talks between the two sides at…

China agrees to ‘firmly move forward’ infrastructure projects in Pakistan

BEIJING: China agreed to "firmly move forward" infrastructure projects in Pakistan, following a meeting between Prime Minister Imran Khan and his Chinese counterpart Li Keqiang Saturday, as Islamabad seeks to stave off a financial crisis with aid and investment from the world's second largest economy. In his meeting with Li, Khan invited the Chinese premier to visit Pakistan and see for himself the difference the mega-project has made in the country. "CPEC in 2013 was just an idea. Now it is on the ground. And it has…

Inaugural ceremony of CPEC Passenger Bus Service postponed

LAHORE: Inaugural ceremony of China-Pakistan Economic Corridor (CPEC) Passenger Bus Service, scheduled for November 3 (today) now has been postponed over the reasons not yet described. First passenger bus under the head of "CPEC Bus Service" was all set to leave for China tonight from Lahore. Sources privy to the development said new date for the departure of first passenger bus will be announced later. Earlier today, Spokesperson of the Foreign Ministry, Dr Muhammad Faisal categorically rejected purported protest by…

CPEC will be introduced to more areas of Pakistan: Chinese vice FM

BEIJING: Chinese vice foreign minister, Kong Xuanyou, says China Pakistan Economic Corridor (CPEC) will be introduced to more areas of Pakistan. Speaking after both the countries signed various cooperation agreements, Mr. Kong said Pakistan and China would firmly move forward with CPEC, while underlining the importance of advancing the ongoing projects Commenting about future cooperation on infrastructure, Kong said "there has been no change in the number of CPEC projects,"adding that "if there were to be any…

Pakistan rejects Indian criticism on CPEC bus service

ISLAMABAD: Pakistan has rejected purported protest by India and statement by the neighbouring country regarding bus service through China-Pakistan Economic Corridor (CPEC). Foreign Ministry spokesperson, Dr Muhammad Faisal, said in a statement: “India's repeated regurgitation of claims over India-occupied Kashmir can neither change the facts of history nor the legality of the Jammu & Kashmir dispute. “As per the United Nations Security Council (UNSC) resolutions, the entire state of Jammu and Kashmir is disputed,…

AIIB president meets PM Imran, announces to invest in CPEC projects

BEIJING: Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Friday called on Prime Minister Imran Khan in Beijing and announced to invest in the projects pertain to China-Pakistan Economic Corridor. According to the details, PM Imran Khan met with the AIIB President on the side line of China International Import Expo. Talking to AIIB President Jin Liqun, PM Imran Khan said that the incumbent government is bringing new reforms for economic restoration in the country. He offered AIIB resident investment…

New joint working group emerging under CPEC: Khusro Bakhtiar

ISLAMABAD: Minister for Planning and Development Khusro Bakhtiar has said that a new joint working group is emerging in the world under China–Pakistan Economic Corridor (CPEC).   Addressing a joint press conference along with Information Minister Fawad Chaudhry on Thursday in Islamabad, Khusro Bakhtiar said that Pakistan can avail the benefits of international trade through CPEC. He said if Pakistan could get one percent share in China's imports, it would be around $18 billion and it can greatly benefit Pakistan's economy.…