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Chinese companies keen to start joint ventures in Pakista

A delegation of Overseas Chinese Federation of the Gansu Province visited the Islamabad Chamber of Commerce and Industry (ICCI) and showed interest to set up joint ventures (JVs) with Pakistani counterparts in the China Pakistan Economic CorrIdor (CPEC) project. The representatives of the Gansu Federation of Returned Overseas Chinese, Gansu Construction Investment Group Corporation, Nanya Trading International […]

The Pakistani Acting-High Commissioner in Canada, Muhammad Saleem, talked about the importance of the China-Pakistan Economic Corridor (CPEC), and envisioned it as a corridor of peace and prosperity. While addressing a Belt and Road conference in Ottawa, he said that CPEC is already addressing Pakistan’s energy crisis, and at the culmination of the project, Pakistan’s GDP growth will increase by 2-3%. He also said that CPEC has provided tremendous benefits to the locals of Pakistan, creating 40,000 jobs through various projects. CPEC a corridor of peace, development and prosperity: Pakistan Envoy ISLAMABAD: Acting High Commissioner (HC) of Pakistan Muhammad Saleem has said that China Pakistan Economic Corridor (CPEC) is a major part of Belt and Road Initiative (BRI) and it is envisioned as a corridor of peace, prosperity and development. Saleem said this while speaking at the BRI conference arranged by Carleton University here, according to a press release received from Ottawa. The acting high commissioner said that CPEC will bring in steady socio-economic development in Pakistan by attracting foreign and local investment into the energy and infrastructure sectors. He added that through CPEC, Pakistan will become an energy secure country and its GDP growth will increase by 2-3 per cent

Pakistan has reached a 5 month high of Foreign Direct Investment (FDI) inflows, with China being the highest investor, accounting for 89% of Pakistan’s total FDI inflows for the month of November. China’s main investment has been in the construction and energy sectors, as reported by the State Bank of Pakistan (SBP). China has shown […]

Under the rising trade between Pakistan and China through the expansion of the China-Pakistan Economic Corridor (CPEC), China’s e-commerce giant Alipay has been cleared by the Competition Commission of Pakistan (CCP) to acquire a 45% shareholding in Telenor Microfinance bank. Considering Pakistan has a large e-commerce market potential with a population of over 65% under the age of 30, it gives Alipay an ideal platform to tap the untouched potential of the country Alipay acquires 45 percent stake in Telenor Microfinance Bank Alipay, a subsidiary of Hangzhou-based Ant Financial, has been cleared by the Competition Commission of Pakistan (CCP) to acquire a 45 percent stake in Pakistan’s Telenor Microfinance Bank. The investment of over US$184 million will expedite widespread adoption of digital payments in Pakistan. With internet penetration continuously on the rise, there are an estimated 60 million subscribers of 3G and 4G in the country that can become potential users of the service.

The Pakistani Acting-High Commissioner in Canada, Muhammad Saleem, talked about the importance of the China-Pakistan Economic Corridor (CPEC), and envisioned it as a corridor of peace and prosperity. While addressing a Belt and Road conference in Ottawa, he said that CPEC is already addressing Pakistan’s energy crisis, and at the culmination of the project, Pakistan’s […]

Alipay acquires 45 percent stake in Telenor Microfinance Bank

Under the rising trade between Pakistan and China through the expansion of the China-Pakistan Economic Corridor (CPEC), China’s e-commerce giant Alipay has been cleared by the Competition Commission of Pakistan (CCP) to acquire a 45% shareholding in Telenor Microfinance bank. Considering Pakistan has a large e-commerce market potential with a population of over 65% under […]

CPEC provides Pakistan an opportunity to become part of the global supply chain Category : Latest News Source : Pakistan Today

The Patron of Islamabad Chamber of Small Traders (ICST), Shahid Rasheed Butt, said that both internal and external elements are doing everything in their capacity to sabotage the progress of the China-Pakistan Economic Corridor (CPEC). He said that a consensus needs to be built among all platforms of the government to counter this massive propaganda […]

Ufone to Provide Cellular Coverage All Along the 700 km Long Coastal Highway

Ufone, thanks to USF Fund, will provide cellular coverage all along the coastal highway – that stretches around 700 kilometers – within the next 18 months. Chairman PTA, Muhammad Naveed, inaugurated the project, “Seamless broadband coverage from Hub to Jiwani: Makran Coastal Highway” worth PKR 759 Million at a ceremony held on Tuesday in Islamabad. […]

چین قرض نہیں پیکیج دے گا، پاکستان کو مشکل وقت میں تنہا نہیں چھوڑیں گے، مختلف سیکٹرز میںسرمایہ کار ی کیلئے بیل آوٹ پیکیجز دیں گے، چینی قونصل جرنل

 پاکستان  میں تعینات چینی قونصل جنرل لانگ ڈنگ بِن نے کہا ہے کہ چین، پاکستانی معیشت کے استحکام کیلئے قرض فراہم کرنے کی بجائے مختلف سیکٹرز میں سرمایہ کاری کرے گا‘اس سے پاکستان کو مالیاتی بحران پر قابو پانے میں مدد ملے گیمشکل وقت میں پاکستان کو تنہانہیں چھوڑیں گے‘پاکستان کے گردشی قرضوں کا بوجھ […]