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Showing posts from November 5, 2019

Pakistan seeks $9 billion loan from China to fund CPEC projects

ANI | Updated: Nov 6, 2019, 12:49 ISTISLAMABAD: 

 on Tuesday sought a nine billion dollar loan from China to finance road and infrastructure projects under the China-Pakistan Economic Corridor (CPEC).
At the conclusion of the ninth Joint Cooperation Committee (JCC) meeting of CPEC here, the two sides approved Gwadar Smart City Master Plan and signed two memoranda of understanding (MoUs) for cooperation in the field of health and trade, Dawn reported.
They also inaugurated the 392 km Multan-Sukkur Motorway completed with a funding worth (Pakistani Rupee) Rs. 294 billion from China.
The JCC was co-chaired by Pakistan's Planning Minister Makhdum Khusro Bakhtyar and China's National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe.The Committee formed a joint group to formally engage in project financing arrangements on Main Railway Line (ML-1), said Bakhtyar, adding that the groundbreaking ceremony for the multi-billion dollar plan was targeted within the next six mo…

China, Pakistan agrees on further cooperation over CPEC

Source: Xinhua| 2019-11-06 08:59:21|ISLAMABAD, Nov. 6 (Xinhua) -- China and Pakistan have agreed here on Tuesday to further their cooperation in different fields under the China-Pakistan Economic Corridor (CPEC) during the ninth Joint Cooperation Committee (JCC) meeting of CPEC.Pakistani Minister of Planning, Development and Reforms Khusro Bakhtiar said in the opening remarks that this year was a significant year for CPEC as several significant milestones were achieved or will be achieved by the end of the year."The recent visits of Prime Minister Imran Khan and his interaction with Chinese leadership has, in true sense, broadened and enhanced the scope of future cooperation in diverse fields of agriculture, industrial and socio-economic development," he told around 200 participants who came from both sides' governments, finance institutes and companies.The minister said that CPEC is a corridor which opens doors of cooperation to the whole region and beyond, adding his c…