BEIJING: Prime Minister Shahid Khaqan Abbasi has said that his government together with China looked forward to making Pakistan a major contributor to “building a community of shared future for mankind through China Pakistan Economic Corridor (CPEC).”       “Together with China, we look forward to making Pakistan a major contributor to ‘building a community of shared future…

ISLAMABAD: The federal government has released Rs30.435 billion for construction of Hakla to Dera Ismail Khan expressway under the Public Sector Development Programme (PSDP) 2017-18. In PSDP 2017-18, the government had allocated Rs38 billion for the project, a latest data released by Planning Commission suggested. Work on the 285 kilometers section of western route of…

ISLAMABAD: National Security Adviser (NSA) Lt General (R) Nasser Khan Janjua Thursday said China Pakistan Economic Corridor (CPEC) is key to regional prosperity and to sustainable peace in the region. He was talking to Deputy General Secretary of the One Belt One Road Center, Chinese Academy of Social Sciences, Xu Wenhong. Besides the prospects of…

ISLAMABAD:Minister for Planning, Development and Reforms, Prof Ahsan Iqbal on Wednesday said that under China Pakistan Economic Corridor (CPEC) the energy projects are included in the active list with power capacity of 11110 MW. Speaking in the Senate during question hour, the minister said that Pakistan and China has agreed in May 2017 to adjust…

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi has once again ruled out the prospects of early elections in the country and has advised his political adversaries to wait for the upcoming polls. In an interview with a private TV Channel, he said Pakistan Muslim League-Nawaz (PML-N) has delivered in the last four and a half years….

GWADAR: Prime Minister Shahid Khaqan Abbasi will inaugurate first International Gwadar Expo in Gwadar today. According to Radio Pakistan, Foreign personalities along with members of the diplomatic community and businessmen from across the globe would attend the two day event. The Prime Minister will also inaugurate the first phase of the Gwadar Free Zone. First…

DAVOS: Prime Minister Shahid Khaqan Abbasi has said the engagements at World Economic Forum will help to generate billions of dollars in business potentials in Pakistan. Addressing news conference in Davos on Thursday, he said Pakistan has engaged the business leaders, company leaders of telecom, automotive technology and health care sectors at WEF. Shahid Khaqan…

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi Monday said after successful completion of the China Pakistan Economic Corridor (CPEC) project, Pakistan was poised to serve as a hub for enhancing regional trade and connectivity especially for land-locked Afghanistan and the Central Asian states.  The prime minister was speaking to a delegation of International Federation of Freight…

ISLAMABAD: The Parliamentary Committee on China Pakistan Economic Corridor (CPEC) on Monday met under the chairmanship of Senator Mushahid Hussain Sayed and received briefing on long-term plan of the project. Minister for Planning and Development, Ahsan Iqbal gave a briefing to the members of the committee regarding the long term plan of CPEC which has…

ISLAMABAD: Deputy Chairman Planning Commission Sartaj Aziz on Tuesday hoped that after finalization of revised Free Trade Agreement (FTA) between Pakistan and China, the trade balance between the two countries is likely to be improved considerably and in favor of Pakistan. He said as a result of cooperation in agriculture sector, Pakistan would fetch an…

ISLAMABAD: The third China-Pakistan Economic Corridor Media Forum will be held in Islamabad on Monday, November 27. The event will focus on promoting information and cultural corridor through the media to support and supplement CPEC. Among others, Minister for Maritime Affairs Senator Mir Hasil Bizenjo, Minister of State for Information Marriyum Aurangzeb, Chairman Parliamentary Committee…

ISLAMABAD: The seventh ministerial level meeting of Joint Cooperation Committee on China-Pakistan Economic Corridor is being held in Islamabad on Tuesday, November 21. The spokesperson of ministry of Planning Asim Khan said that joint working groups on Industrial Cooperation, Gwadar, Transport Infrastructure, energy and security will finalise proposals in their respective areas. He said these…

ISLAMABAD: The meeting of the Cabinet Committee on China Pakistan Economic Corridor was held in Islamabad with Prime Minister Shahid Khaqan Abbasi in the chair. The meeting discussed all the CEPC projects in detail including power and water supply, construction of Gwadar airport, free port, extension of the port and development of the Special Economic…

ISLAMABAD: The Cabinet Committee on China Pakistan Economic Corridor (CPEC) Friday assigned the ministry concerned to submit a detailed proposal regarding the import of electricity from Iran to specifically meet the future needs of Gwadar. Briefing the media about the proceedings of the meeting of the cabinet committee held under the chair of Prime Minister…

ISLAMABAD: Federal Interior Minister Ahsan Iqbal has said Gilgit-Baltistan and its highways have central importance in reference to China Pakistan Economic Corridor (CPEC). He was talking to Chief Minister Gilgit Baltistan Hafiz Hafeez-ur-Rehman in Islamabad. He said the government is taking concrete measures to promote tourism in Gilgit-Baltistan. He said the federal government will fully…

ISLAMABAD: First phase of Thar Coal-Fired Power Projects is likely to begin commercial operations by June 2019 about four months ahead of its deadline. This was stated in a briefing to the media visiting the site of the project to witness the progress of the ambitious projects. According to a statement received here on Thursday,…

WASHINGTON: Pakistan’s Ambassador to the United States Aizaz Chaudhry urged US multinational firms to take advantage of the favorable investment climate in the country, saying the US travel advisory for Pakistan was not in consonance with the positive development there. The ambassador was talking to the representatives of the US multinational firms at a luncheon…

BEIJING: China has asked the international community to acknowledge and support the counter-terrorism efforts of Pakistan. During a press briefing in Beijing, Chinese Foreign Ministry Spokesperson Geng Shuang said Pakistan is on the forefront of the global fight against terrorism. He said Pakistan has made important sacrifices and contributions to fighting terrorism and maintaining regional…

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…

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…

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…