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ISLAMABAD: Experts from Pakistan and China on Thursday reviewed problems related to the volume of traffic and trade activities on the China-Pakistan Economic Corridor (CPEC). The two sides held a detailed discussion on the issues during signing of minutes of the two-day expert groups meeting on international road transport at...
KARACHI: The first-ever power project set up under the multibillion-dollar China-Pakistan Economic Corridor (CPEC) is facing financial trouble as some of its working capital is stuck in circular debt and it faces notable losses on the import of coal fuel in the wake of massive rupee depreciation. Answering queries through a...
BEIJING:  The China-Pakistan Economic Corridor (CPEC), as a pilot project of the Belt and Road Initiative, was officially launched in 2013. President Xi Jinping, during his visit to Pakistan in April 2015, noted that CPEC construction should play a leading role in the practical cooperation between the two countries and...
ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) can only become a success if jobs are provided to the local people and Chinese companies are made bound to do businesses through joint ventures. Transfer of technology should also be ensured otherwise local people would never be benefited by the CPEC projects. Moreover,...
ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) has entered its second phase and Pakistan expects to revive its economy through industrial cooperation under the mega project. Pakistan deems it necessary to control fiscal and current account deficits, generate employment, reduce poverty and move on the development ladder. In this regard, a number of...
Prime Minister Imran Khan in his keynote speech at the opening ceremony of the second Belt and Road Forum in Beijing on Friday called for greater attention towards tackling climate change and poverty as Pakistan and China enter the next phase of the China-Pakistan Economic Corridor (CPEC). The prime minister...
ISLAMABAD:  The free trade agreement phase-II between Pakistan and China would be signed on April 28, apart from other important agreements relating to the China-Pakistan Economic Corridor (CPEC), during Prime Minister Imran Khan’s visit to China, announced Chinese Ambassador Yao Jing. Speaking at a press briefing at the Chinese embassy on...
SHANGHAI: World leaders meeting in Beijing this week for a summit on China’s Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth, according to a draft communique seen by Reuters. The Belt and Road Initiative is a key policy of President Xi...
BEIJING:  The theme of Texpo Pakistan 2019 – Sharing a common thread – reminded the reporter of an old Chinese saying that an invisible red thread connects those who are meant to be together. If the first phase of the China-Pakistan Economic Corridor (CPEC) starts from ‘several power plants and...
ISLAMABAD: Members of the newly constituted Par­­­­liamentary Committee on China-Pakistan Econo­mic Corridor (CPEC) on Tuesday elected Pakistan Tehreek-i-Insaf (PTI) MNA from Peshawar Sher Ali Arbab as their chairman without waiting for nominations from the Senate. According to an official handout issued by the Na­­tional Assembly Secre­tariat, MNA Mehnaz Akber Aziz...

Opinion

crisis bank financing

Financing of external payments

The outstanding external debt of Pakistan crossed the century mark early this year. It stands as of the end of March 2019 at $105.8...