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Business booming in the port city of Gwadar

GWADAR, Pakistan, March 30 (Xinhua) — Witnessing increasing business for his bank in Gwadar port, a used-to-be remote fishing village in Balochistan province in southwestern Pakistan, Shakeeb Yusuf said he made the right choice at the beginning as the robust business growth helped pave the way toward his promotion. Yusuf has been promoted as the […]

BRI is an open, inclusive and transparent project: Chinese diplomat

BEIJING:China has never forced debt upon participants of its new Silk Road project as ‘prejudiced’ critics have suggested, the country’s top diplomat said on Saturday in a strongly worded defense of a key policy platform of President Xi Jinping. Xi’s Belt and Road Initiative, as it is formally called, envisions rebuilding the old Silk Road […]

Groundbreaking of the 230 million dollars, Gwadar Airport under CPEC to take place this week

The ground breaking of new airport in Gwadar city is likely to be performed this week. The airport would be built at a cost of US$230 million, an official from China Pakistan Economic Corridor (CPEC) Secretariat Monday said. He said works of project design and feasibility of the new international airport has already been completed while the […]

Pakistan to become a stronger economy in the future through CPEC: Chinese Envoy

Ambassador of China Yao Jing on Monday reiterated China’s commitment in Pakistan’s bright future saying Prime Minister Imran Khan’s vision of ‘Naya Pakistan’ aims at making the country a stronger economy in future and China supports Pakistan in its economic revival through projects like China Pakistan Economic Corridor (CPEC).He said this while addressing the Pakistan- China Trade […]

16 socioeconomic development projects to be implemented in South Punjab under CPEC

Majority of the socio-economic development projects to be implemented in Punjab with Chinese money under the multi-billion dollar China Pakistan Economic Corridor (CPEC) will be carried out in South Punjab, a senior official told Dawn on Wednesday. China has shown interest in financially supporting 16 projects related to education and vocational training, healthcare, poverty alleviation, agriculture and […]

Kuwait eyes investment in Gwadar post CPEC

Balochistan Chief Minister Jam Kamal Khan said the world has been eyeing Gwadar after the Chinese investment and soon the dream of making the port city into an economic hub of the region will come true. “The western parts of Balochistan are suitable for investment in energy while there are various other opportunities of investment […]

CPEC gains momentum as various projects are being finalized

The government has decided to revert to the original plan of undertaking $8.2 billion Karachi to Peshawar Main Railway Line (ML-1) on engineering, procurement and construction (EPC) mode under previously agreed loan as part of the China Pakistan Economic Corridor (CPEC). Speaking to media persons after a meeting of the Cabinet Committee on CPEC, Minister for Planning […]

Technical and vocational training to be initiated by NAVTTC to meet CPEC demands

The National Vocational and Technical Training Commission (NAVTTC) has planned to initiate technical and vocational training for semi or unskilled local youth to meet the required jobs for upcoming China Pakistan Economic Corridor (CPEC) projects. The CPEC will attract more than 1.2 million direct jobs in various projects during next 10 years, however a large number of skilled workers […]