Prime Minister Shehbaz Sharif on Friday said that he had written a letter to the Chinese government requesting debt reprofiling for Pakistan in an apparent bid to secure the International Monetary Fund’s approval for a $7 billion economic bailout by next month. Earlier this week, Pakistan had sought the reprofiling of more than $27 billion in debt and liabilities with friendly nations …
ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Wednesday said Pakistan would have been on the brink of collapse had it not been for China Pakistan Economic Corridor (CPEC), which turned it into an attractive investment destination. He was speaking at a seminar titled, ‘CPEC 2.0: Prospects and Challenges’ organised by the Institute of Regional Studies (IRS). …
ISLAMABAD: Federal Finance Minister Mohammad Aurangzeb is set to embark on a three-day visit to China today, aiming to discuss the rescheduling of a $15 billion energy loan. According to sources from the Ministry of Finance, a joint working group may be established between Pakistan and China to facilitate the loan rescheduling. The discussions will also address issues related to …
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday directed the authorities to expedite the process of implementing the agreements and memoranda of understanding (MoUs) made with the Chinese government and Chinese companies, saying that any further delay would not be tolerated. “China is a time-tested friend of Pakistan who helped Pakistan in every hour of need, said Mr Shehbaz while chairing a review …
ISLAMABAD: Minister for Interior Mohsin Naqvi on Thursday briefed his Chinese counterpart Qi Yanjun on the progress made in the probe into the Bisham attack in which five Chinese engineers and their Pakistani driver were killed. During a meeting at the Permanent Mission of China to the United Nations in New York, Mr Naqvi and Mr Qi discussed bilateral relations, security-related matters and cooperation between the …
China has launched a new initiative called the “Belt and Road Skills-Building-Dreams Action” to strengthen international skills cooperation among participating countries. Announced by the Ministry of Human Resources and Social Security on Tuesday, the action aims to promote joint vocational standards, share training resources, cultivate skilled trainers, achieve mutual recognition of training certificates and establish cooperative brands. These efforts ultimately …
ISLAMABAD: Building on recent engagements between Pakistan and China, Prime Minister Shehbaz Sharif on Wednesday gave the greenlight to relocate Chinese industries to Pakistan as part of joint ventures between the two countries’ companies. Chairing a meeting to discuss matters of the Board of Investment (BoI), the prime minister said that promoting both local and foreign investment in Pakistan was among the …
ISLAMABAD: Prime Minister Shehbaz Sharif has said time-tested Pak-China friendship is indispensable for bilateral as well as regional peace and development, expressing great satisfaction over complete political consensus in both countries on the China-Pakistan Economic Corridor. He expressed these views while talking to Minister of International Department of the Communist Party of China (IDCPC) Liu Jianchao, who along with a …
ISLAMABAD: Rare political consensus was shown on Friday at the third meeting of the Pakistan-China Joint Consultative Mechanism (JCM) of Political Parties on the China-Pakistan Economic Corridor (CPEC) in Islamabad as a visiting Chinese minister stressed that internal stability was essential for Pakistan’s development. The cross-party political unity was shown at the CPEC Pakistan-China Political Parties Forum co-chaired by Deputy …
GWADAR: President Asif Ali Zardari has called for enhancing the capacity of the law enforcement agencies (LEAs), posting competent officers in Balochistan, and improving the prosecution mechanism to effectively counter terrorist elements in the province. The president expressed these views while chairing a meeting on the security and law and order situation in Balochistan on Thursday. Interior Minister Mohsin Naqvi, Chief Minister …