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Page 494 - சீனா பாக்கிஸ்தான் பொருளாதார தாழ்வாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pak may extend two-year visa extension to Chinese nationals

Pak may extend two-year visa extension to Chinese nationals
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China s Belt and Road Initiative Should Be on the World Bank and IMF s Agenda

As the World Bank and IMF seek to put the world economy on a more stable footing and promote sustainable growth, there is one issue they cannot ignore: China’s Belt and Road Initiative (BRI). China’s massive global infrastructure program has increased debt levels to a worrying extent in many developing countries, threatening to hinder their economic recovery. The Bretton Woods institutions need to confront this issue head-on, rather than sweeping it under the rug. BRI meets significant development needs, by funding and building physical and digital infrastructure projects around the world. That is the good news. The bad news, as our recent Council on Foreign Relations Independent Task Force points out, is that BRI also contributes to economic instability. China’s lending practices have increased indebtedness to alarming levels in some BRI partner nations. Because they enjoy state backing, China’s state-owned commercial and policy banks can relax lending criteria and finance

Signs of discord emerges between Islamabad and Beijing over future of CPEC: US Agency Report

12:21 PM Tensions have emerged between the two nations- China and Pakistan over the future of China Pakistan Economic Corridor, as per a US Agency report. The report asserts that there are disagreements over funding and direction over many mega projects under the CPEC banner between China and Pakistan. The CPEC was touted as a game-changer for the deteriorating Pakistan’s economy in 2015. However, it has continued to sink under huge debt trap in recent years. Moreover, the pace of CPEC projects have fallen to a standstill even as China remains to be one of the few countries still investing in Pakistan.

CPEC Authority admires China for aiding Pakistan--China Economic Net

Gwadar and Yangpu port can have sister city relationship: Moin ul Haque--China Economic Net

  Pakistani ambassador to China Moin ul Haque said that he attaches great importance to the profound friendship between China and Pakistan. The construction of Hainan Free Trade Port (FTP) is booming. He is very optimistic about the cooperation between Pakistani cities and Hainan in the fields of port and shipping, education, and agriculture.   In an interview with Sansha Satellite TV, Haque said Gwadar port and Yangpu free trade port can have a sister city relationship.    Gwadar Port is an important hub of the China-Pakistan Economic Corridor, which connects China s western region and the Arabian Sea. While Yangpu Port is an important hub for the construction of Hainan FTP and a node for integration into the new western land-sea corridor. Haque said that Pakistan and Hainan have great potential for cooperation in the field of port and shipping.

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