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WASHINGTON: China’s massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said in a new report that called for deep policy reforms and more transparency for the initiative. Also Read: Second unit of CPEC power plant connected to grid The...
KARACHI: The second unit of the 660-megawatt China Power Hub Generation Company (CPHGC) coal-fired power plant was synchronised with the national grid on May 28, 2019 as per schedule. Described as an important milestone in commercial operations, the development comes exactly five months after the day when the first unit of...
ISLAMABAD: Chinese Vice President Wang Qishan opened his three-day visit to Islamabad on Sunday by recalling the strength of the bilateral relationship and expressing the resolve that Pakistan and China would continue to safeguard each other’s interests. CPEC On the first day of the trip, VP Wang inaugurated a number...
ISLAMABAD:  China is investing $62 billion in Pakistan through the China-Pakistan Economic Corridor (CPEC) as part of its Belt and Road initiative, which the government and public believe as a game-changer for the country’s destiny and senior government officials frequently speak highly of at local and international fora. During the last five years since...
ISLAMABAD: The government has finalised a plan for revitalisation of seven existing Special Economic Zones (SEZs) (CPEC) while missing facilities including utilities would be provided to them in next six months. Chairman Board of Investment (BOI) Haroon Sharif said that BoI would ensure all out efforts to actualise the overall...
The estimated cost of Hyderabad-Sukkur Motorway (M-6) project, a critical component of China-Pakistan Economic Corridor (CPEC), is likely to escalate to over Rs 200 billion against the initial estimates of Rs 175 billion due to repeated delays in project execution, it is learnt. The PML-N government had awarded the project...
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,...

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A tale of two budgets

About a fortnight back the Indian Government announced its first post Elections 2019-20 Budget, and it will be interesting to see how it compares...