Imran Khan in Beijing describes CPEC as project of “strategic significance”
China and Pakistan on Friday signed a new agreement on industrial cooperation as part of the China Pakistan Economic Corridor (CPEC) plan during Prime Minister Imran Khan’s on-going visit to Beijing.
The agreement on Friday followed Mr. Khan’s meeting with He Lifeng, Chairman of China’s National Development and Reform Commission (NDRC).
KARACHI: For boosting the flow of home remittances through formal channels and improving foreign exchange liquidity in the interbank market, the State Bank of Pakistan (SBP) on Friday unveiled an incentives scheme for the exchange companies (ECs).
“Under the scheme, ECs will be required to surrender 100pc of the home remittances mobilised in the interbank market, and in return, they will receive Re1 against each US dollar surrendered,” said the SBP.
Special Assistant to Prime Minister on CPEC Affairs Khalid Mansoor has said the Chinese companies have assured their full support to the second phase of China-Pakistan Economic Corridor (CPEC) project.
Talking to PTV in Beijing on Friday about Prime Minister Imran Khan's meetings with Chinese corporate leaders, he said Pakistan-China joint working groups in ten sectors will expeditiously develop projects and the Chinese side has assured technical, technological and financial support to them.
LAHORE: Punjab Industrial Estates Development and Management Company (PIEDMC) on Thursday awarded the status of special zone enterprise to 16 companies who hold the recipients of industrial plots in Quaid-e-Azam Business Park Sheikhupura and Vehari Industrial Estates.
By the approval, a collective investment of almost Rs50 billion is expected to come with plenty of new jobs.
BEIJING: Pakistan and China trade was significantly higher last year and Pakistan’s export of Sesamum seeds to China achieved a historical figure of $120.44 million in the year 2021.
China imported 92516.55 tons in 2021 and was one of the main destinations for Sesamum seeds exports from Pakistan, while in 2020 it was only 38000 kilograms, according to the official data from the General Administration of Customs of the People’s Republic of China (GACC).
The Board of Investment (BOI), Pakistan, and the National Development & Reform Commission (NDRC), China, have signed the much-anticipated Framework Agreement on Industrial Cooperation under CPEC on Friday, 4th February 2022.
The Prime Minister, Imran Khan, held a one-to-one meeting with the Chairman, NDRC, He Lifeng, at Beijing on Friday to deliberate on the progress of CPEC projects, which was followed by the signing ceremony of the Framework Agreement on Industrial Cooperation under CPEC.
Beijing: 06 Feb 2022 – H.E. Mr. Imran Khan, Prime Minister of the Islamic Republic of Pakistan visited Beijing at the invitation of the Chinese leadership from 3 to 6 February 2022 to attend the opening ceremony of the Winter Olympic Games 2022. During the visit, the Prime Minister held talks with H.E. President Xi Jinping, and H.E. Premier Li Keqiang.
The text of the following joint statement was released on the occasion.
KARACHI: Farooq Khan, Textile Commissioner of Pakistan said that the textiles exports can cross 20 billion dollars this year. Speaking at FPCCI meeting, he mentioned only 5 percent of Pakistan’s value-added textiles products are using synthetic materials and this must improve to increase the production rapidly.
Foreign Minister Shah Mahmood Qureshi says consistent efforts are being made for economic stabilization of the country by utilizing economic diplomacy.
He was talking to Chairman Board of Investment Muhammad Azfar Ahsan in Islamabad on Monday.
The Foreign Minister said our ambassadors are drawing the attention of the international community to the business opportunities available in Pakistan through economic diplomacy in light of the vision of Prime Minister Imran Khan.