Tag: CPEC

  • Pakistan to make economic zones under CPEC more investor friendly

    Pakistan to make economic zones under CPEC more investor friendly

      Islamabad : Pakistani Finance Minister Asad Umar has proposed changes in the initial plan of Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) in order to make them more investor friendly.   In a meeting of Economic Cooperation Committee (ECC) here on Monday, Umar directed the Board of Investment, a department under…

  • CPEC may regain pace after Imran Khan’s visit to Beijing

    CPEC may regain pace after Imran Khan’s visit to Beijing

    Islamabad : Islamabad expects that the China-Pakistan Economic Corridor (CPEC) would regain pace after Prime Minister Imran Khan visits Beijing next month with the signing of a framework agreement on industrial zones, progress on agricultural cooperation and addition of a social sector joint working group. A senior government official told Dawn news on Monday the…

  • Saudi Arabia to finance 3 CPEC projects

    Saudi Arabia to finance 3 CPEC projects

    Islamabad : The government of Saudi Arabia has signed three grant agreements with Pakistan to finance three road infrastructure and energy projects under the China Pakistan Economic Corridor (CPEC). “These agreements have been inked in line with the understanding reached during Prime Minister Imran Khan’s recent visit to Saudi Arabia,” Information Minis­ter Fawad Chaudhry told…

  • China, Pakistan to extend CPEC further

    China, Pakistan to extend CPEC further

    By Gaurav Sharma, Beijing : China on Monday said it will extend the China Pakistan Economic Corridor (CPEC) to the west of Pakistan. China has already invited Afghanistan — west to Pakistan — to join the CPEC. Iran, which is located further west, has expressed interest in joining the project. The over $50 billion project…

  • Several CPEC projects in doldrums due to financial crisis: Report

    Several CPEC projects in doldrums due to financial crisis: Report

    Islamabad : A number of road projects related to the $52 billion China-Pakistan Economic Corridor (CPEC) are said to be in the doldrums as Pakistan’s National Highway Authority (NHA) faces a financial crisis, the media reported on Monday. Dawn online cited sources as saying that contractors stopped work on several CPEC projects after their cheques…

  • Saudi Arabia to join CPEC soon: Envoy

    Saudi Arabia to join CPEC soon: Envoy

    Islamabad : Saudi Arabia will soon join the China-Pakistan Economic Corridor (CPEC) and make investments at Gwadar Port to play a role in the progress and prosperity of Pakistan, a top official has said. According to the News International, Saudi Ambassador to Pakistan Nawaf Saeed Ahmed Al-Malkiy, in an interview to the daily said that…