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ISLAMABAD    -   Chairman Board of Investment (BoI) Haroon Sharif Sunday said that  Rashakai, Special Economic Zones (SEZs) had a strategic significance as it was closer to Afghanistan and resources rich Central Asian Republics (CARs). Rashakai SEzs was a joint venture between the Chinese company of China Road and Bridge Cooperation (CRBC) and Khyber Pakhtunkhwa government aiming to provide the facility of ease of doing business in the area, Haroon said.

Secretary Commerce, Sardar Ahmad Nawaz Sukhera, held consultations with the business community in Faisalabad on the recently concluded Phase II of Pakistan China FTA, on export growth with the trade associations and discussed the industrial infrastructure development with Faisalabad Industrial Estate Development and Management Company (FIEDMC).

Pakistan Railways (PR) has resumed container train service from Karachi to Lahore bringing an end to the 22-year suspension on Monday. With 70 containers, the train left Pakistan International Container Terminal (PICT), Karachi Port Trust (KPT). Federal Minister for Railways Shaikh Rasheed Ahmad inaugurated the ceremony. Divisional Superintendent (DS) Syed Mazhar Ali Shah, chairman Karachi Port Trust (KPT), Divisional Commercial Officer (DCO) Ishaq Baloch and other officials of KPT and PICT were also present.

Federal government has released 578.8 billion rupees under its Public Sector Development Programme (PSDP), so far for various ongoing and new social sector uplift projects.

According to a data released by Ministry of Planning, Development and Reform today, government has released an amount of 22.9 billion rupees for federal ministries, whereas 22.91 billion rupees for corporations and 41.6 billion rupees for special areas.

BEIJING: Pakistan has emerged as a leading partner of the Belt and Road Initiative (BRI), introduced by President Xi Jinping six years back, according to a survey released at a media and think tank exchange event held in Nanjing, Jiangsu province.

The fast and smooth functioning of the China-Pakistan Economic Corridor (CPEC) makes Pakistan’s role most prominent in the community of the nations. The CPEC is cited as a practical demonstration of BRI’s concept of shared destiny.