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The adoption of yuan means that Pakistan and China would be able to replace the US dollar for transactions in the USD 50 billion China Pakistan Economic Corridor (CPEC) projects.
PM Imran Khan summons meeting to review progress on CPEC projects May 23, 2021 ISLAMABAD: Prime Minister Imran Khan has summoned a meeting to review progress on China Pakistan Economic Corridor (CPEC) projects, ARY NEWS reported. According to details, the prime minister has summoned the meeting on CPEC which would be attended by federal ministers and officials related to a multi-billion dollar project. On April 30, Prime Minister Imran Khan expressed satisfaction over the progress of ongoing projects of the China-Pakistan Economic Corridor (CPEC) while chairing a high-level session to ...
Pakistanis cherish deep-rooted friendship with China Friday (May 21) marked the 70th anniversary of the establishment of the bilateral diplomatic relations Xinhua May 22, 2021 ISLAMABAD: The Pakistan-China diplomatic relations were established 70 years ago and with the passage of time, the friendship between the two countries has flourished in the hearts of the peoples of both countries. Friday marked the 70th anniversary of the establishment of the bilateral relations and Pakistani officials, experts and the general public believe that the deep-rooted friendship is growing day by day and e...
CPEC Authority chairman retired Lt Gen Asim Saleem Bajwa said that the total saleable land in the zone was 2,276 acres, and 182 acres had been purchased by seven foreign investors. — Photo courtesy Twitter ISLAMABAD: China-Pakistan Economic Corridor (CPEC) Authority chairman retired Lt Gen Asim Saleem Bajwa on Monday said that development work on the Allama Iqbal Special Economic Zone, Faisalabad, was in full swing as 33 per cent of its land had so far been purchased by 69 investors. In a tweet, Mr Bajwa said that the total saleable land in the zone was 2,276 acres, and 182 acres had been p...
The Karot Hydropower Project is expected to be completed in April 2022. — Photo courtesy Asim Bajwa Twitter Chairman of the China-Pakistan Economic Corridor (CPEC) Authority Asim Saleem Bajwa shared on Wednesday that 88 per cent of the work on the Karot Hydropower Project has been completed. The hydropower project — the first of its kind under the CPEC — is expected to be completed in April 2022 and is being built on the River Jhelum, he said. Sharing the details of the Karot Hydropower Project in a tweet, Bajwa said the investment in it amounted to $1,780 million while 5,000 local pe...