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IMF lauds Pakistan’s economy with favorable outlook

ISLAMABAD: The International Monetary Fund has termed Pakistan’s economic outlook as “favorable” with improved availability of energy, and growth-supporting structural reforms. According to latest report released by IMF, confidence of investors in Pakistan is growing as its economy has stabilized after completing a bailout program. It cited Chinese infrastructure investments as one of the reasons…

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IMF says Pakistan outlook ‘favourable’, warns of risks

Islamabad: The International Monetary Fund (IMF) said the outlook for Pakistan’s economy was “favourable”, citing Chinese infrastructure investments among reasons for growth, but warned of risks to recent progress. Confidence in insurgency-hit Pakistan is growing, with the IMF saying last year that the country had emerged from crisis and stabilised its economy after completing a…

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CPEC projects create over 30,000 jobs

ISLAMABAD: Another myth is busted with the latest information of jobs created by China Pakistan Economic Corridor (CPEC) Early Harvest Projects (EHP) as the official data shows that more than 30,000 Pakistani engineers and workers have got direct employment under this corridor project. Perception that only Chinese have been hired by Chinese companies working on…

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PM to inaugurate 1st unit of Sahiwal coal power project

SAHIWAL: Prime Minister Muhammad Nawaz Sharif will inaugurate the first 660-megawatt unit of Sahiwal Coal Power Project today. The project comprises two 660MW plants with a total generation capacity of 1320 MW and is one of the early harvest projects of China-Pakistan Economic Corridor. The project has already been connected to the National Grid. The…

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CPEC is most transparent project, says Ahsan Iqbal

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal said China-Pakistan Economic Corridor is the most transparent project of Pakistan.   In an interview, he said nothing has been concealed regarding the project and everything is available on its website. The Minister said each and every aspect of the project has been debated in detail in…

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All you need to know about the Chinese trains made for Lahore’s Orange Line project

HUNAN: The first of the 27 subway trains made by Chinese manufacturers for the Orange Line Project rolled off production on Monday. From the looks of it, the subway train equipped with added features, will be a welcome addition to Pakistan’s railway network. The train, which rolled off production in China’s Hunan province, offers a…

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Senior Chinese diplomat offers to answer CPEC-related questions on Twitter

ISLAMABAD: The Deputy Chief of the Chinese Embassy in Pakistan Lijian Zhao invited Twitter users in general to ask and pose questions regarding the China-Pakistan Economic Corridor (CPEC). The economic corridor has attracted a lot of interest from around the world, especially in Pakistan and China. Lots of misconceptions and perceptions have been doing the…

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Pakistan, China sign several agreements in Beijing

BEIJING: Pakistan and China have signed various agreements in Beijing on Saturday. Prime Minister Muhammad Nawaz Sharif and his Chinese counterpart Li Keqiang witnessed the ceremony. Federal Ministers, Advisor on Foreign Affairs and Chief Ministers of all four provinces were present on the occasion. Earlier, the Prime Minister held meeting with his Chinese counterpart. Nawaz…

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Pakistan lauds China’s commitment to CPEC: PM

ISLAMABAD: Prime Minister Nawaz Sharif says Pakistan deeply appreciates China’s commitment to the realization of China-Pakistan Economic Corridor (CPEC), which is a flagship project of China’s One Belt-One Road initiative. He said this while talking to Director of State Council Information Office of China Jiang Jianguo, who called on him in Islamabad on Friday. Nawaz…

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PM assures China of timely completion of power projects

ISLAMABAD: Prime Minister Nawaz Sharif said the government is committed to timely completion of projects being executed under China-Pakistan Economic Corridor. He was talking to a Chinese delegation headed by President of Power Construction Corporation of China Yan Zhiyong in Islamabad. The Prime Minister said completion of ongoing energy projects will help end the energy…

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Govt policy brought peace in Balochistan: Nisar

LORALAI: Federal Interior Minister Chaudhary Nisar Ali Khan said that government’s effective policies and sacrifices of the security forces have brought peace in Balochistan. Nisar was addressing a passing out parade ceremony of Frontier Constabulary personnel in Loralai on Saturday. The minister lauded the role of FC in maintaining law and order situation in Balochistan….

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China reaffirms resolve to carry on CPEC

BEIJING: China has expressed the resolve to work with Pakistan to move forward the China-Pakistan Economic Corridor so as to benefit the peoples of two countries. At a press briefing in Beijing, Chinese Foreign Ministry Spokesperson Hua Chunying said CPEC is a new cooperation framework set up by China and Pakistan to pursue long-term development….

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3-day Maritime Security Conference begins

KARACHI: A three-day International maritime Security Conference has begun in Karachi. Addressing the opening session of Conference, President Azad Kashmir Masood Khan said the China Pakistan Economic Corridor (CPEC) has furthered the need for augmenting the maritime security. He said all naval forces across the world have a pivotal role in maritime security. Addressing the…

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Pak Navy AMAN Exercises begin in Arabian Sea

KARACHI: The four-day multi-national Exercise Aman 2017 began in Karachi this morning. The commander of Pakistan Fleet Vice Admiral Arifullah Hussaini who was the chief guest on the occasion, inaugurated the exercise by hoisting national flag at Karachi dockyard. The vice Admiral speaking at the ceremony said that the exercise will help in competing human…

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CPEC to contribute to regional peace, prosperity: Ahsan Iqbal

WASHINGTON: Planning Minister Ahsan Iqbal says China-Pakistan Economic Corridor would contribute to regional peace and prosperity through economic development and connectivity. He was speaking at a seminar organized by the United States Institute of Peace in Washington. The minister said Pakistan’s economic turnaround had been registered positively by credit rating agencies. Responding to a question,…

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China expresses satisfaction on security of CPEC

RAWALPINDI: China on Friday expressed satisfaction on the arrangements for the security of China Pakistan Economic Corridor (CPEC). This was formally conveyed by Ambassador of China to Pakistan, Sun Weidong at a call on with the Chief of Army Staff General Qamar Javed Bajwa, here at the General Headquarters. According to Inter Services Public Relations…

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CPEC to bring progress to Balochistan: Army Chief Bajwa

QUETTA: Making a strong pitch for China-Pakistan Economic Corridor (CPEC) and its importance for Balochistan, Chief of Army Staff (COAS) General Qamar Javed Bajwa said the timely completion of the project will herald all new era of progress in the region. Addressing a ceremony of Passing Out Parade of Baloch Recruits, he said the people…

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PM reviews progress on different projects under CPEC

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif chaired a meeting to review progress on different projects under the umbrella of China Pakistan Economic Corridor (CPEC) in Islamabad on Monday. The meeting reviewed the benchmarks set for numerous energy, transport infrastructure and industrial projects with particular focus on development and socio-economic uplift projects in Gwadar. The Prime…

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Pakistan to welcome Iran, Saudi Arabia on joining CPEC: Ahsan Iqbal

ISLAMABAD: Minister for Planning, Development and Reforms, Prof. Ahsan Iqbal said on Friday that Iran and Saudi Arabia’s desire to join China-Pakistan Economic Corridor (CPEC) framework was a good step and Pakistan would welcome their involvement. “We will welcome both the brotherly Islamic countries if they want to be part of CPEC,” he told APP…

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Sindh approves new plan for CPEC security

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Thursday gave go-ahead to a new plan mapped out for the security of China-Pakistan Economic Corridor (CPEC) projects. According to the decisions taken up during a meeting chaired by CM Shah today, a special force including Pakistan Army troops will bodyguard Chinese engineers and other CPEC-linked mega…

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Attacks have killed 44 Pakistanis working on CPEC since 2014

Militants trying to disrupt construction of an “economic corridor” linking China with Pakistan’s coast have killed 44 workers since 2014, an official said on Thursday. The China-Pakistan Economic Corridor (CPEC) is a $46 billion network of roads, railways and energy pipelines linking western China to a deep-water port on Pakistan’s Arabian Sea coast, which passes…

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