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China agrees to reduce duties to zero percent on 313 tariff lines for Pakistan under the new FTA

The Chinese government has finally offered Pakistan market access similar to that offered to countries of Association of South East Asian Nations (Asean) after seven years of negotiations. According to Secretary Finance Mohammad Younus Dagha, the Chinese government has agreed to immediately reduce duties to zero per cent on 313 tariff lines. Dagha led the technical […]

Great progress achieved between Pakistan and China in various fields: Chairman CPPCC

 Chairman of the Chinese People’s Political Consultative Conference (CPPCC) Wang Yang Monday said China and Pakistan were good neighbours, friends, and partners that have withstood the test of time and changes in the international landscape. He made these remarks in his meeting with Deputy Chairman Senate Saleem Mandviwala who was currently on a three-day visit […]

Pakistan ranks third in the number of international students studying in China

Pakistan ranked third in the number of international students currently studying in China with 28,023 students, according to a statement issued by China’s Ministry of Education. South Korea ranked first with 50,600 students, followed by Thailand with 28,608, India with 23,198, and the United States with 20,996. A total of 492,185 international students from 196 […]

Rashakai SEZ under CPEC to be leased out to a Chinese firm for 30 years

While waiving off annual fee of $700,000 for striking concession agreement, Pakistan and Chinese sides have agreed in principle to lease out Special Economic Zone (SEZ) at Rashakai to contracting firm CRBC for 30 years with the obligation to invest $128 million for development of 1000 acres area on Built-Operate and Transfer (BOT) basis. For […]

CAREC and CPEC complement each other: ADB

 The Asian Development Bank (ADB) has stepped up efforts to augment regional trade through harnessing synergy between the two corridor projects. ADB Country Head Yang Xiaohong various efforts are going on under the Central Asia Regional Economic Cooperation (CAREC) to promote regional integration and create economic values for member countries. “ADB is working on enhancing […]

Two major road projects of the CPEC Western Route to be completed this year

Two important projects of Western route of China China Pakistan Economic Corridor (CPEC) including Hakla-DI Khan Motorway, Zhob-Mughal Kot section would be completed by end of this year while Havelian-Thakot Motorway by February next year, an official of National Highway Authority (NHA) told APP on Wednesday. The 285 kilometer Hakla-DI Khan Motorway and 81km Zhob-Mughalkot section are funded by the Asian Development Bank (ADB). The completion of the […]

ML-1 Railways project under CPEC to be completed in 3 phases

Pakistan and China have agreed to amend a framework agreement on implementation of multibillion dollars mainline-I project of the Pakistan Railways in a bid to reduce the size of the much-delayed strategically important scheme and to complete it in three phases. The decision to split the project, which was once planned to be completed in […]

China to help Pakistan meet technological needs for textile industry: Chinese envoy

Chinese Ambassador to Pakistan Yao Jing has said the up-gradation of textile sector with Chinese collaboration would help Pakistan maintain its inherent edge in this specific field through technology transfer, Radio Pakistan reported. He was talking to the faculty and students of National Textile University in Faisalabad. The envoy assured that China would help meet the technological needs of […]

660 MW Thar Coal Power Plant under CPEC inaugurated

Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari on Wednesday inaugurated the Thar coal power project which has the capacity to generate 660 megawatts and consists of two power generation units of 330MW each. “I just inaugurated Thar coal power plant. The highest man-made structure in Pakistan,” Bilawal said in a tweet. Addressing the inauguration ceremony of […]

Pakistan and China express resolve to counter propaganda against CPEC

The Inaugural meeting of Pakistan-China Joint Working Group on International Cooperation and Coordination was held in Beijing on Tuesday. The Pakistan side was led by Foreign Secretary, Tehmina Janjua while Vice Foreign Minister Kong Xuanyou headed the Chinese side. Both sides expressed satisfaction at the steady progress being made on various China Pakistan Economic Corridor (CPEC) projects […]