ISLAMABAD: Pakistan and China have reportedly reached a consensus to revise the cost of the Mainline-1 (ML-1) project to approximately $6.6 billion, with an amended project design slated for submission to Pakistan by October 31. ML-1 comprises a 1,872-kilometer railway track connecting Karachi to Peshawar traversing Sindh and Punjab provinces. The project involves upgrading and doubling the track, laying a …
ISLAMABAD: China and the U.S. share important responsibility for world peace, stability and development, Chinese President Xi Jinping said in a reply letter to Chairman of the Sino-American Aviation Heritage Foundation Jeffrey Greene and Flying Tigers veterans Harry Moyer and Mel McMullen on September 12. Greene, Moyer and McMullen jointly wrote a letter to Xi recently, expressing their commitment to …
ISLAMABAD: China on Tuesday confirmed the participation of representatives from over 110 countries that they will attend the third Belt and Road Forum for International Cooperation in Beijing in October, with preparations for the forum being well underway. Events during the forum include the opening ceremony, three high-level forums on connectivity, green development and digital economy and six thematic forums: …
State visit provides new strength to Belt and Road cooperation
BEIJING: Beijing will continue to support Pakistan in stabilising its financial situation, the Chinese state media quoted China’s President Xi Jinping as saying following his meeting with Prime Minister Shehbaz Sharif on Wednesday. China and Pakistan should move forward more effectively with the construction of their economic corridor, as well as accelerate the construction of infrastructure for the Gwadar Sea …
China’s exports rebounded and grew at a double-digit pace in May, shattering expectations and adding to signs that China’s economy is recovering from COVID-19 outbreaks as factories restarted and logistics snags eased in Shanghai, customs data showed on Thursday. The country’s exports rose 16.9 percent in May year on year in dollar terms, accelerating from April’s 3.9-percent increase, according to …
NANJING: Before coming to China, Shabir Mohsin Hashmi knew little about the country. Now, the 47-year-old man not only has a family here but has also become an ambassador for the China-proposed Belt and Road Initiative (BRI). In 2006, Hashmi got a chance to study abroad. There were five countries to choose from. “I knew China and Pakistan are in a …
ISLAMABAD: Minister for Board of Investment and Special Initiatives Chaudhry Salik Hussain on Thursday informed Senate the government has revived work on the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) with full speed. Responding to queries during questions hour in the Senate, Hussain said a long term plan is being considered into an implementation matrix on CPEC, adding that joint working groups are …
Modi govt believes India belongs to Hindus, who continue to marginalise other minorities
ISLAMABAD: The Belt and Road Initiative is crucial for global economic recovery in the post-pandemic era and building a community with a shared future for mankind by following a path of cooperation, unity and common development, said a political economist. “Enhanced constructive engagements based on the principle of win-win cooperation is the need of the hour to overcome the challenges posed …