GAWADAR: The Gwadar Port Authority (GPA) and a Chinese company agreed to boost investments at the port, the maritime affairs ministry said on Tuesday. Pakistan recently increased efforts on the commercialisation of the Gwadar Port, which was built more than a decade ago but remains a non-starter. In January, the government sought the private sector’s support in routing their cargoes …
BEIJING: Planning Minister Ahsan Iqbal met Chinese Vice Foreign Minister Sun Weidong on Saturday to discuss the second phase of the China-Pakistan Economic Corridor (CPEC), according to an official release. Both officials reaffirmed their commitment to strengthening bilateral ties, with a particular focus on industrial development and business-to-business cooperation under CPEC Phase II. Iqbal conveyed Prime Minister Shehbaz Sharif’s goodwill …
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday ordered the establishment of separate immigration counters at all international airports to facilitate foreign passengers and boost tourism and investment. A press release from the Prime Minister’s Office said the decision was taken to “promote tourism in the country, ensure continuity of business activities and facilitate foreign investment”. It added that the establishment …
ISLAMABAD: The United Arab Emirates (UAE) has expressed a strong interest in expanding its investments in Pakistan, specifically in shipping, port efficiency, logistics, and customs digitisation. The two countries signed four Memorandums of Understanding (MoUs) focused on cooperation across several sectors. These MoUs, signed with the Abu Dhabi Ports Group, cover partnerships with Pakistan’s Ministries of Maritime Affairs, Aviation, Railways, …
DOHA: Aiming to secure more investment, Prime Minister Shehbaz Sharif on Thursday invited Qatari investors to explore Pakistan’s various economic sectors during his official visit to the Gulf country. After securing investment pledges worth $600 million during his Saudi Arabia trip, the prime minister is in Doha on a two-day official visit at the invitation of Sheikh Tamim bin Hamad …
WASHINGTON: Finance Minister Muhammad Aurangzeb has said that the China-Pakistan Economic Corridor (CPEC) has transitioned from a government-to-government investment model in its first phase to a business-to-business engagement in its second phase. He made these remarks in an interview with the US edition of China’s CGTN network. He previously indicated that Pakistan could repay its Chinese debt only after successfully …
By Mian Abrar It is shocking for most of the foreign visitors who have only heard of Xinjiang before to step out of Ürümqi Diwopu International Airport and see a completely transformed and bustling city waiting for tourists. Visits at several locations across Ürümqi indicate that Ürümqi, the capital city of Xinjiang Uyghur Autonomous Region, is one of the most-developed …
BEIJING: President Xi Jinping pledged on Thursday to step up China’s support across debt-laden Africa with funding of nearly $51 billion over three years, backing for more infrastructure projects, and the creation of at least 1 million jobs. China was ready to step up cooperation with Africa in industry, agriculture, infrastructure, trade and investment, Xi told delegates from more than …
DUBAI: Dubai-based business tycoon Umar Farooq Zahoor has sued Norwegian right-wing Verdens Gang (VG) tabloid and its reporter Rolf John Widerøe for publishing a defamatory and vindictive article on him, by deliberately lying and concealing facts to harm his reputation and services for Pakistan in the form of bringing millions of Dollars in direct foreign investment to Pakistan. According to …
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). …