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China and Pakistan have a consensus to welcome third parties in CPEC, Saudi investment encouraged: China

China on Wednesday welcomed the Saudi Arabia’s $21 billion investment in Pakistan. During the media briefing, Foreign Ministry Spokesperson Geng Shuang said, “The China Pakistan Economic Corridor (CPEC) is a pioneering project of the Belt and Road Initiative and has been following the principle of wide consultation, joint contribution and shared benefits.” When asked what’s China comment […]

Pakistan-China bilateral cooperation to expand under BRI

China will enhance cooperation with Pakistan under the Belt and Road Initiative (BRI), said Gao Yunlong, vice chairman of the 13th National Committee of the Chinese People’s Political Consultative Conference. Gao made the remarks here Friday while meeting Pakistani President Arif Alvi. He said that China and Pakistan are all-weather strategic cooperative partners and the […]

CPEC to complete its inaugural phase by October 2019: Ambassador Yao Jing

 China Pakistan Economic Corridor (CPEC) phase-I would be completed till October 2019. Abbottabad is the gateway to CPEC. China completely support Kashmiri’s struggle. This was stated by the Ambassador of China to Pakistan Yao Jing while talking to media persons after Chinese New Year celebrations here. He further said that they have enjoyed a lot the […]

SEZs, Blue Economy and Gwadar Port Oil City set as targets of CPEC by the government

Setting the ambitious targets for the 12th Five Year Plan (2018-23), the Pakistan Tehreek-e-Insaf (PTI) government plans to rejuvenate industrial development of Pakistan through Special Economic Zones (SEZs), invigorate blue economy and develop Gwadar port oil city under China-Pakistan Economic Corridor (CPEC). According to documents available with Business Recorder, the actions envisaged for improving and […]

Pak, Russia sign offshore gas exploration contract

Pakistan and Russia have signed an agreement to conduct offshore oil and gas exploration activities, a news source reported. The contract calls for laying a pipeline network for supplying gas to Pakistan from Russia’s Middle East resources through the Arabian Sea link. The deal was signed by Inter-State Gas Systems Limited of Pakistan Managing Director […]

Major chunk of CPEC energy generation to come from hydro-power

Two separate hydropower stations being completed under the China Pakistan Economic Corridor (CPEC) framework will generate 1,620MW electricity and are likely to start commercial operation in next three years. The under-construction Karot Hydropower station with an installed capacity of 760 MW at river Jhelum at a juncture of Azad Kashmir and Punjab province is expected to start […]

246 million dollars Gwadar International Airport under CPEC to undergo construction in April

The spadework for construction of Gwadar International Airport measuring 4,300 acres and costing $246 million has, now, been completed, and both the Pakistani and the Chinese authorities are currently engaged to sort out modalities to initiate construction work in April this year, sources told The News here on Sunday. “Currently, the Joint Coordination Committee (JCC) […]

Pakistan-China OFC link made operational for carrying commercial traffic from China to international destinations

SCO has embarked upon another milestone achievement in its glorious history of about 43 years when Pak-China OFC link has been made operational for carrying commercial traffic from China to international destinations. The commercial traffic on the recently commissioned link is being carried from Urumqi (China) to Frankfurt (Germany) by SCO-PTCL consortium. Pak-China OFC link […]

CPEC boosting Pakistan’s tourism industry

China is slowly moving towards becoming the world’s largest economy and Pakistan seems to be benefitting from it. The citizens of China have very strong spending power which is a great boost for domestic consumption as well as the global economy. According to statistics revealed in the report of China Tourism Academy, tourists from China […]