BEIJING, Jan. 10 (INP): China Road and Bridge Corporation (CRBC), a longstanding partner of Pakistan in transport and infrastructure network development, donated a total of USD 100,000 to the flood-hit families in Pakistan, China Economic Net (CEN) reported it on Tuesday. In October, 2022, Wang Lijun, Deputy Secretary of the Party Committee and General Manager of the company, attended …

  ISLAMABAD, Jan 9 (INP): In a major development at Gwadar, the signing ceremony for the joint operation agreement of Pak-China Technical and Vocational Institute (PCT & VI), built with a Chinese grant under CPEC was held at Gwadar Business Center on Monday. The joint operation agreement was signed among Shandong Institute of Commerce and Technology (SICT), Gwadar Port Authority …

  ISLAMABAD, Jan 9 (INP): Out of the two lac tons of urea fertiliser imports, the third ship carrying 31,000 metric tons of urea fertiliser is all set to dock at Gwadar Port on 10th January (Tuesday). According to Gwadar Pro Monday, the first ship carrying 32,000 metric tons berthed on Dec 29 and the second ship carrying 31,500 tons …

  ISLAMABAD, Jan. 6 (INP): A Nationwide Optical Fiber Cable Network Project has been signed between PowerChina and Hunan Sunwalk Group, according to Gwadar Pro on Friday. Phase 1, Lot 1 of the said project will aim to improve Pakistan’s telecommunication infrastructure for better interconnection with its neighboring countries. Talking to Gwadar Pro, business manager Sunwalk Group said that the …

  ISLAMABAD, Jan.4 (INP): The Ministry of Planning, Development & Special Initiatives on Tuesday approved a project to construct a 300 megawatt coal-fired power plant to cater to the energy needs of Gwadar. According to Gwadar Pro,  the approval was granted in a follow-up meeting under the chairmanship of Planning Minister Ahsan Iqbal, Jawwad Akhtar Khokhar, Advisor Maritime Affairs at …

ISLAMABAD, Jan. 3  (INP): Import restriction withdrawal will revive Pakistan’s economy, said Moazam Ali, President of Pakistan-China Joint Chamber of Commerce & Industry (PCJCCI) in an interview with Gwadar Pro. He said, “Obviously many businesses rely on imports, and withdrawing the restrictions placed on imports will benefit both countries but need to be reviewed for lenient approaches for importers, keeping …

  ISLAMABAD, Jan. 3 (INP): China has contributed over 23% of the total foreign direct investment (FDI) that Pakistan has received in the first five months of the ongoing fiscal year 2022-23, Gwadar Pro reported quoting Board of Investment (BOI). As the official statistics, in July-November 2022 (first five months of FY22-23), Pakistan received $102.5 million in FDI from China which …

  ISLAMABAD, Jan 1 (INP): Speakers at a webinar opined that Pakistan needs to revisit its geopolitical strategic and economic framework in the context of the changing world landscape, especially in the Asia-Pacific region. They said that Pakistan will be marking ten years of CPEC (China-Pakistan Economic Corridor) in 2023, which is pivotal to its economic security. According to Gwadar …

  ISLAMABAD, Jan 1 (INP): In 2022, with the leading role of Chinese manufacturing companies, Pakistan has locally assembled/manufactured about 20 million mobile phones in the country, which outnumbered phones imported from other countries. Gowder Pro on Sunday quoting Pakistan Telecommunication Authority (PTA)’s data, stated that between January and November, the locally assembled/manufactured phones include 11.5 million 2G sets while …

  ISLAMABAD, Dec 31 (INP): Gwadar Port has begun the import of 200,000 tons of urea fertilizer for the government sector. This milestone project began just a few days before the end of 2022, and it appears to be a new step for 2023, Gwadar Pro reported it on Saturday. This will help Gwadar Port establish itself as a regional …