Skip to main content

China-Pakistan sign host of deals under CPEC during PM Imran Khan's visit

The agreements were stated to be part of the next phase of the China-Pakistan Economic Corridor (CPEC).

By PTI | Apr 28, 2019, 06.22 PM IST


China-Pakistan Economic and Technical Cooperation Agreement for Rashakai special economic zone joint venture.

BEIJING: China and Pakistan firmed up their cooperation under the USD 60 billion CPECby signing a host of agreements on Sunday, including upgradation of a Karachi-Peshawar railway line, launching of second phase of the Free Trade Agreement and establishment of a dry port.

The agreements were stated to be part of the next phase of the China-Pakistan Economic Corridor ( CPEC).


Pakistan Prime Minister Imran Khan who came here to attend China's second Belt and Road Forum (BRF) on April 25 met Chinese Premier Li Keqiang on Sunday during which they signed an agreement to build a double railway track from Karachi and Peshawar, Pakistan's state-run Radio Pakistan reported.


The BRF was held here from April 26-27 to highlight China's trillion-dollar Belt and Road Initiative (BRI) in which the CPEC, connecting China's Xinjiang with Pakistan's Gwadar port and covering about 3,000 kilometres, is a flagship project.


India protested to China over the CPEC as it is being laid through Pakistan-occupied Kashmir (PoK).

As per the previous reports, to build the Karachi-Peshwar railway line covering a distance of over 1,680 kilometres, China would provide USD 8.4 billion funding for it as part of the CPEC projects.


Soon after he came to power in August last year, prime minister Khan' s government expressed concern over the huge amount and Railway Minister Sheikh Rashid said it would be slashed by USD two billion to reduce the debt burden.

During Khan' s first visit here in November, China agreed to extend the CPEC projects towards western regions of Pakistan, following criticism that most of the projects were garnered by the dominant Punjab province.

China said about USD 19 billion have been spent so far under the CPEC projects mainly relating to energy and power generation.

Recently, Chinese Foreign Ministry while dispelling concerns over debt burden of theCPEC projects said only less than 20 per cent were based on loans provided by China and rest of the 80 per cent ventures are either directly invested by Beijing or use Chinese grants.

Pakistan is going through an acute balance ofpayments crisis and Khan on Saturday met IMF Chief Christine Legarde to discuss the bailout package.

The cash-strapped country has already received several billions of dollars in funding from Saudi Arabia, the UAE and China to meet the present economic crisis.

No monetary details of the agreement to build the railway line were disclosed. Rashid is part of Khan' sdelegation visiting China.

Rashid was quoted in a Pakistan magazine that it would be an 1,800-kilometer-long double track with fencing and bridges and a game-changing initiative for Pakistan's economy.

Rashid said Main Line-1 (ML-I) from Peshawar to Karachi via Lahore would be upgradedunder the CPEC which includes upgradation ofthe entire railway line and would be completed in next five years.

A report in Pakistan daily Dawn quoted Rashid as saying that the speed of trains on the new track will be around 160 kmph.

China and Pakistan also singed an agreement to launch the second phase of the Free Trade Agreement (FTA) under which China will open up 90 per cent of its market for Pakistani goods in an effort to address trade deficit which stood at USD 9.7 billion last year.

While China exported goods worth USD 11.45 billion, Pakistan's exports to China were valued at USD 1.744 billion last year.

It is estimated that the new FTA would increase Pakistani exports by USD 500 million. The agreement is being concluded after protracted negotiations spanning over nearly seven years, said the media reports in Pakistan.

The two sides also signed an agreement to establish a dry port at Havelian city in Khyber Pakhtunkhwa province. It is located in the Karakoram highway connecting China and Pakistan.

The other agreements signed on Sunday included an MoU on cooperation in the fieldof marine sciences between the China Geological Survey (CGS), Ministry of Natural Resources of China, the Institute ofOceanography, Ministry of Science and Technology.

Also an MoU between China International Development Cooperation Agency (CIDCA) and Ministry ofPlanning, Development and Reform on implementation of the projectsunder the joint working group ofthe CPEC on socioeconomic development.

China-Pakistan Economic and Technical Cooperation Agreement for Rashakai special economic zone joint venture.

Later in the day while addressing the Pak-China Trade Investment Forum, Khan said the BRI had "become much more than the Chinese leadership had imagined".

About his talks with President Xi Jingping he said, "I am happy we talked about getting help from China in science and technology. We want to establish an elite university for eight subjects where china has excelled


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 yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please 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 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and