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Energy projects under CPEC included in active list: Ahsan Iqbal

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…

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PM again rules out prospects of early elections in country

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….

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PM to inaugurate two-day Gwadar Expo today

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…

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WEF engagements to generate billions of dollars worth business potentials in Pakistan: PM

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…

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PM invites foreign investors to explore economic, trade potential in Pakistan

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…

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Parliamentary committee on CPEC briefed on project’s long-term plan

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…

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Trade balance to improve in Pakistan’s favor after revised FTA with China: Sartaj

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…

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3RD Media Forum to be held today to promote CPEC

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…

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Pak-China joint meeting on CPEC today

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…

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Govt announces attractive terms in CPEC-related projects in SEZs

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…

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Cabinet body seeks proposal on electricity import from Iran to meet Gwadar needs: Malik

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…

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Gilgit-Baltistan highly important to CPEC: Ahsan Iqbal

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…

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Thar Coal project to start operation ahead of deadline

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,…

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US travel advisory not in consonance with positive development: Pakistan

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…

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World must support Pakistan’s anti-terror efforts: China

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…

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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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