Skip to main content

Business Forum established to materialize true potential of CPEC


Parvez JabriMarch 13, 2019

ISLAMABAD: Federal Minister for Planning, Development and Reform, Makhdum Khusro Bakhtyar said the Cabinet Committee on China-Pakistan Economic Corridor (CPEC) has decided to establish CPEC Business Forum to tap true potential of this important corridor.

Talking to media after the committee meeting, the minister said that the formation of the forum was being deliberated since long and now its establishment has formally been decided.

He said that members of the forum have already been finalized which would included representatives from business sectors, chambers, business councils and other sectors of economy.

The minister said that the cabinet committee decided to enhance industrial cooperation and involve private sector. “The true potential of CPEC could not be materialized unless we promote industrial cooperation,” the minister said adding that the industrial cooperation would help enhance exports and reduce imports.

He said that since CPEC was much related to government levels and there was a missing link to involve private sector and its involvement would help take full benefit of CPEC.

The minister said that although progress and pace of work on Gwadar project was not made up to the expectations for last 3 to 4 year, however revealed that Gwadar International Airport would be inaugurated by the end of this month.

He said the project for generating 300 megawatt electricity for Gwadar would also be completed on priority.

The minister said there was also less progress on Special Economic Zones (SEZs) during last four years, adding, the Rashakai agreement would be finalized by March 25 and would be signed between Khyber Pakhtunkhwa and China soon.

He said that the groundbreaking of the Rashakai Special Economic Zone would be made during the first half of next month (April).

The Minister said that scope of CPEC has been extended to other sectors of economy and agriculture sector would be promoted under this project.

He said the China would be providing US $1 billion grant for social sector development which would be spent on education, health and for provision of clean drinking water in backward areas of provinces.

In addition, this grant would also help establishment of vocational training projects.

The minister said areas which were neglected earlier in Western Corridor and Gwadar projects would be taken forward on priority.

He clarified that no funds of CPEC were diverted to other projects, adding that all the ongoing projects of CPEC were fully funded.

To a question, the minister said about 60 percent financing has been made on Hakla-Dere Ismail Khan which would be completed at any cost.

To another question, he said that currently US $ 28 billion projects were underway under CPEC.

The minister termed the ML1 Railway track as an important project and said that it would be completed in phases.

He said that a committee has already been constituted under the chairmanship of Federal Minister for Railways for the purpose.

He added that work on Sukkur-Hyderabad Motorway would be initiated within next six to eight months.



https://www.brecorder.com/

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

The Rise of China-Europe Railways

https://www.csis.org/analysis/rise-china-europe-railways

The Rise of China-Europe RailwaysMarch 6, 2018The Dawn of a New Commercial Era?For over two millennia, technology and politics have shaped trade across the Eurasian supercontinent. The compass and domesticated camels helped the “silk routes” emerge between 200 and 400 CE, and peaceful interactions between the Han and Hellenic empires allowed overland trade to flourish. A major shift occurred in the late fifteenth century, when the invention of large ocean-going vessels and new navigation methods made maritime trade more competitive. Mercantilism and competition among Europe’s colonial powers helped pull commerce to the coastlines. Since then, commerce between Asia and Europe has traveled primarily by sea.1Against this historical backdrop, new railway services between China and Europe have emerged rapidly. Just 10 years ago, regular direct freight services from China to Europe did not exist.2 Today, they connect roughly 35 Chinese…