Tag Archives: China

  Govt achieves another landmark of signing $1.6bn deal with China The present PML-N government achieved another landmark, as a historic agreement was signed for first-ever Metro Train Project in Pakistan. Punjab Chief Minister Muhammad Shahbaz Sharif signed the agreement on behalf of the Pakistan government, while Chairman National Development and Reform Commission China, Xu-Shaoshi signed the document on behalf of China for Metro Train Project. Under the agreement, Orange …

  The Chinese president’s Pakistan visit is water shed in bilateral relations, calculated to trigger collaboration at a level substantially more meaningful than Pak-US partnership spanning over a decade. President Xi Jinping of China during his two-day visit to Pakistan pledged $46 billion worth of energy and infrastructure projects. This amount is three times the entire foreign direct investment the country has received since the last seven years’ time. Though …

  The landmark economic package of China is a depiction of the confidence of China and Pakistan and the deep love for a large number of people of Pakistan. The projects are part of a broad bilateral deal called as China-Pakistan Economic Corridor (CPEC) under which the Chinese government and banks will finance Chinese companies to invest $45.6 billion worth of energy and infrastructure projects in Pakistan over the next …

  Pakistan faces chronic power shortages due to rapid growth in demand for electricity. Power outages increased significantly due to the widening gap between supply and demand over the past three years. It has adversely affected the industrial output and economic growth of the country. The energy statistics of Pakistan shows that around 50 percent of the need is met by the indigenous gas production and 29 percent by domestic …

  The People’s Republic of China has reaffirmed its commitment for the multi-billion dollar project of China-Pakistan Economic Corridor (CPEC), in a letter from the Chinese President to the Pakistan premier, which further reinforce the friendship between the “iron brothers”. On the other hand, Prime Minister of Pakistan ordered Cabinet minister to remove all the “irritants” as described by Minister for Planning and Development and take them into confidence, in …

  Thar coal key to resolve future energy needs of the country Realizing the pinch of acute energy shortages, the present government has assigned top priority to different energy projects both in the public and private sector under Pakistan-China Economic Corridor package. Responding to the government policy, Engro Powergen Limited (EPL) signed a joint venture agreement with China Machinery Engineering Corporation (CMEC) for development of 2 x 330 MW coal …

  Becoming an operator of Gwadar Port, China is consistently increasing its stakes in Gwadar, a strategically located port city in southern Balochistan. The port has been built with Chinese assistance of more than $220 million and over $66 million has been contributed by the Pakistan authority. The port has full potential to become one of the most user, and trade-friendly ports of the world with its 4.7-kilometres long and …

  With the recent visit of US President Barrack Obama in New Delhi on the Republic Day parade in India and with the nation wanting to align its policies similar to Washington has created unease for not only Pakistan but for China as well. However news of the Chinese President, Xi Jinping to be the chief guest at the March parade in Pakistan this year has been received quite warmly. …

  Pakistan’s major imports from China are machinery, chemicals, garments and other textile products, construction material, tiles, sanitary wares and crockery. Pakistan enjoys huge export potential to China due to its advantages in agriculture, minerals, chemical, textile and leather products. Besides Pakistan has comparative advantage of oil seeds, fruits, base metals, plastic goods and perfumery etc. A large number of Chinese companies are working in Pakistan in oil and gas, …

  In November 2014, Pakistan and China signed 19 agreements and Memorandum of Understandings (MoUs) to further boost the bilateral ties between the two countries in various fields, including energy and basic infrastructure sectors. Earlier a meeting between Prime Minister Nawaz Sharif and his Chinese counterpart was held in Beijing where both the leaders discussed bilateral relations and the regional situation. The agreements signed between the two countries include solar …