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CPEC, IMF programme completion strengthen Pak economy

According to Moody’s (a globally recognised credit rating agency) Pakistani economy has strengthened after the completion of a 3-year programme under IMF (International Monetary Fund). The financial deficit has narrowed and growth has been observed in the foreign exchange and structural reforms planned out earlier, the agency explained. Fueled mainly by …

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China planning to finance $8 bn for Pakistan Railways’ Mainline

Increasing amount of CPEC up to $54 billion from earlier committed figure of $51.5 billion, China has expressed its interest to finance more than $8 billion for upgrading Pakistan Railways’ Mainline (ML-1). Beijing had jacked up CPEC funding from $46 billion to $51.5 billion already after indicating $5.5 billion for …

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CPEC to bring industrial revolution: Ahsan Iqbal

While speaking to party workers and youth delegations from Balochistan in Islamabad recently,  Ahsan Iqbal, Minister for Planning, Development and Reform, expressed bringing industrial revolution and turning Pakistan into trade hub are the objectives planned to be achieved under  CPEC project. Projects in energy, infrastructure and port development will extend …

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Chinese state-media: CPEC not undermining India’s sovereignty

Chinese media recently expressed that The China-Pakistan Economic Corridor (CPEC) is not undermining India’s sovereignty but its continuous opposition to the project would lead to straining of ties with the West. Even the developed world has shown interest in the CPEC and wishes to invest. However, the resistance of New …

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France considering business opportunities under CPEC

According to a foreign delegation, France is interested to invest in the number of economic sectors of Pakistan to make the most of the business opportunities in the country with regard to the CPEC projects.  Thierry Pflimlin, president of Pakistan France Business Council stated: “French companies are interested in investing …

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AJK is planning to build a Tourism Corridor under CPEC

CPEC is emerging as a hot center for all sorts of investments from various countries. After the recent interest of UK in becoming a part of CPEC, we are getting new reports about other regions taking keen interest in CPEC. According to reports from Muzaffarabad, the government of Azad Jammu …

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China rejects the allegations of excessive charges for CPEC

According to reports, China has denied allegations of charging excessively for infrastructure projects along the USD 46 billion CPECBSE -4.45 % and not allowing competitive bidding in Pakistan. Chinese Foreign Ministry spokesperson Hua Chunying stated in this regard: “I don’t know from where you got this information but as far …

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UK desires to become a key partner in CPEC

The Department of International Trade at Foreign & Commonwealth Office (FCO) organized a business roundtable on ‘UK`s participation in the China-Pakistan Economic Corridor (CPEC)` in London on Wednesday. The attendees included Rt Hon Greg Hands Minister of State for International Trade, H.E. Syed Ibne Abbas, Pakistan High Commissioner to the UK, …

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