Friday, Oct 02, 2020 | Last Update : 01:01 AM IST

192nd Day Of Lockdown

Maharashtra1400922110442637056 Andhra Pradesh7002356365085869 Karnataka6118374924128994 Tamil Nadu6032905463359586 Uttar Pradesh4031013468595864 Delhi2827522506135401 West Bengal2603242287555017 Odisha222734190080912 Kerala204242131048772 Telangana1936001634071135 Bihar178882164537888 Assam169985139977655 Gujarat1332191132403417 Rajasthan1288591077181441 Haryana1237821059901307 Madhya Pradesh117588932382207 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
  Business   In Other News  09 Sep 2019  China plans to invest USD 1 bn in Pak development projects

China plans to invest USD 1 bn in Pak development projects

PTI
Published : Sep 9, 2019, 10:17 am IST
Updated : Sep 9, 2019, 10:17 am IST

The pace of development projects under the China-Pakistan Economic Corridor is satisfactory, says Yao Jing.

The CPEC, which connects Gwadar Port in Balochistan with China's Xinjiang province, is the flagship project of Chinese President Xi Jinping's ambitious Belt and Road Initiative (BRI).
 The CPEC, which connects Gwadar Port in Balochistan with China's Xinjiang province, is the flagship project of Chinese President Xi Jinping's ambitious Belt and Road Initiative (BRI).

Islamabad: China is planning to invest USD 1 billion in development projects in Pakistan, Beijing's envoy here has said, as the two all-weather allies seek to further boost bilateral ties.

Talking to a delegation at the Women's Chamber of Commerce and Industry (IWCCI) in Islamabad, China's Ambassador to Pakistan Yao Jing has said that the pace of development projects under the China-Pakistan Economic Corridor (CPEC) is satisfactory.

 

The CPEC, which connects Gwadar Port in Balochistan with China's Xinjiang province, is the flagship project of Chinese President Xi Jinping's ambitious Belt and Road Initiative (BRI).

Beijing has planned to invest USD 1 billion in development projects in Islamabad, he said.

Yao said that that the second phase of the China-Pakistan Free Trade Agreement (CPFTA) will be finalised in October after which 90 per cent of Pakistani exports including agricultural products and seafood will attract a zero per cent duty.

"Market access will increase Pakistan's exports by USD 500 million, which will reduce the disparity between bilateral trade," said Yao.

 

Pakistan and China are all-weather strategic cooperative partner and have always firmly supported each other on issues concerning each other's core interests.

Tags: development projects, investment, iwcci, cpec, china, pakistan
Location: Pakistan, Islamabad, Islamabad