ISLAMABAD, July 28 (ABC): Prime Minister Muhammad Shehbaz Sharif Thursday underlined the government’s commitment to unlock the full economic and connectivity potential of China Pakistan Economic Corridor (CPEC) through expedited and high-quality development of CPEC projects. He emphasized the importance of key projects like Main Line One (ML-1) and Karachi Circular Railway (KCR) in Pakistan’s development plans and expressed desire …

ISLAMABAD, July 23(ABC): Pakistan and China have welcomed interested third parties to benefit from avenues opened up by China Pakistan Economic Corridor for mutually beneficial cooperation. The gesture was presented during the 3rd meeting of the CPEC Joint Working Group on International Cooperation and Coordination which was held in the virtual mode. The meeting was co-chaired by Foreign Secretary Sohail …

ISLAMABAD, July 22 (ABC): Amidst flash flood criticality spelling disaster in many parts of Gwadar, three bridges of Eastbay Expressway, one of CPEC’s modern roads, have saved the eastern part of the coastal city from sheer sinking. According to airport on Friday, they have prevented many casualties and destruction to residential and commercial infrastructure. At the  stretch of the over …

ISLAMABAD, July 21(ABC): Pakistan aims to decarbonize China–Pakistan Economic Corridor (CPEC) by re-directing Chinese infrastructure investments away from emission-intensive coal-based projects towards green energy enterprises like wind, solar and hydropower. Under CPEC, Pakistan is also in the process of developing Special Economic Zones (SEZs). The development of ‘green’ SEZs is on the pattern of their Chinese counterparts, which have fuelled …

ISLAMABAD, July 21(ABC): Pakistan’s ICT exports could grow by 30% over the next few years as long as we provide well-trained human resources, infrastructure for ICT projects in universities, support industry in terms of tax incentives and take full advantage of ICT cooperation opportunities under the CPEC framework. This was stated by Prof. Dr. Waqar Mahmood, Director of Al-Khwarizmi Institute …

ISLAMABAD, July 19(ABC): The Government of Khyber Pakhtunkhwa (KP) has allocated funds for the establishment of the Pak-China Research Centre of Economic Development (PCRCED) at the University of Swat, according to a report on Tuesday. With an estimated cost of Rs 1,230.540 million, the project will be completed in five years. In its budget for the fiscal year 2022-2023, KP …

RAWALPINDI, Jul 6 (ABC): The China Pakistan Economic Corridor (CPEC)-Agriculture Cooperation Center was inaugurated at Pir Mehr Ali Shah (PMAS) Arid Agriculture University Rawalpindi (AAUR) during a ceremony of understanding China fellowship here on Wednesday. Acting ambassador of China to Pakistan, Pang Chunxue and Chairman Standing Committee on Defense Senator Mushahid Hussain Syed graced the occasion. Islamabad stock and Asian …

ISLAMABAD, July 5 (ABC): The Government of Pakistan has decided to connect Ghulam Khan, North Waziristan with Motorway 14 (M-14) ─a project of the western alignment route of the China-Pakistan Economic Corridor (CPEC)─ via a 184KM long Motorway. According to report on Tuesday, the National Highway Authority (NHA) on Monday issued a request for proposal (RFP) of consultancy services for …

ISLAMABAD, Jul 1 (ABC): Prime Minister Shehbaz Sharif on Friday thanked China as the first power plant under China Pakistan Economic Corridor (CPEC) project became operational. “It gives me immense satisfaction to announce that the 720 mega watt hydal power plant in Karot has started functioning,” he said in a tweet. PM Sharif said he was thankful to the government …

ISLAMABAD, Jun.30(ABC): Karot Hydropower Project, the first hydropower investment project under China-Pakistan Economic Corridor (CPEC) invested and developed by China Three Gorges Corporation(CTG), was put into full commercial operation, reported on Thursday. The Karot HPP COD Ceremony was held at Power House yesterday to inaugrate the commercial operation. At the ceremony, Dr. Munawar Iqbal, Acting Managing Director, Private Power and …