Chinese vow to make Gwadar port more valuable than Karachi after Pak offers 23-year tax holiday
5 years, 5 months ago

Chinese vow to make Gwadar port more valuable than Karachi after Pak offers 23-year tax holiday

India TV News  

Pakistan has granted a 23-year income tax holiday, exemptions of sales tax and customs duties to the Chinese operators of the strategic Gwadar Port and its free zone as the two countries stepped up their efforts to build the China-Pakistan Economic Corridor, according to a media report on Wednesday. Chairman of China Overseas Ports Holding Company Gwadar Zhang Baozhong on Tuesday shared his plans to make the coastal city the single largest contributor to Pakistan's GDP in seven years after the Pakistan government finally granted it a 23-year income tax holiday and other exemptions for the Chinese businesses to be set up at the Gwadar Free Zone in Balochistan province. Beijing and Islamabad are currently building the USD 60 billion China-Pakistan Economic Corridor linking Pakistan's Gwadar port with Xinjiang province to improve connectivity between the two countries. "I believe Gwadar will be the largest contributor to the gross domestic product growth in seven years," said Zhang, adding that 95 per cent of the production in the Gwadar Free Zone would be exported.

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History of this topic

Gwadar: Pakistan’s newest and most expensive airport has no passengers or planes - but it is fully financed by China
Top News
55 years, 2 months ago

Gwadar: Pakistan’s newest and most expensive airport has no passengers or planes - but it is fully financed by China

CNN  

Gwadar, Pakistan AP — With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. “This airport is not for Pakistan or Gwadar,” said Azeem Khalid, an international relations expert who specializes in Pakistan-China ties. The government says CPEC has created some 2,000 local jobs but it’s not clear whom they mean by …

Why Pakistan’s largest international airport has no passengers or flights
1 month ago

Why Pakistan’s largest international airport has no passengers or flights

Firstpost  

Pakistan opened its most expensive airport in Gwadar last month. Built by China at a cost of $240 million as part of the China-Pakistan Economic Corridor project, the New Gwadar International Airport boasts modern facilities. Here’s why This January 10, 2025, photo provided by Pakistan Airports Authority on Friday, February 21, 2025, shows security forces officials outside the newly constructed …

No passengers and no planes: This country’s most expensive airport is a mystery
Trending News
1 month ago

No passengers and no planes: This country’s most expensive airport is a mystery

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It is for China, so they can have secure access for their citizens to Gwadar and Balochistan.” open image in …

No passengers, no planes: Pakistan’s newest airport is a bit of a mystery
1 month ago

No passengers, no planes: Pakistan’s newest airport is a bit of a mystery

The Hindu  

With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. Entirely financed by China to the tune of $240 million, it’s anyone’s guess when New Gwadar International Airport will open for business. Members of Pakistan’s ethnic Baloch minority say they face discrimination by the government and are denied opportunities available elsewhere in …

No passengers, no planes, no benefits. Pakistan’s newest airport is a bit of a mystery
1 month ago

No passengers, no planes, no benefits. Pakistan’s newest airport is a bit of a mystery

Live Mint  

With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. “This airport is not for Pakistan or Gwadar,” said Azeem Khalid, an international relations expert who specializes in Pakistan-China ties. The government says CPEC has created some 2,000 local jobs but it’s not clear whom they mean by “local” — Baloch residents …

No passengers, no planes, no benefits. Pakistan’s newest airport is a bit of a mystery
1 month ago

No passengers, no planes, no benefits. Pakistan’s newest airport is a bit of a mystery

Associated Press  

GWADAR, Pakistan — With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. “This airport is not for Pakistan or Gwadar,” said Azeem Khalid, an international relations expert who specializes in Pakistan-China ties. The government says CPEC has created some 2,000 local jobs but it’s not clear whom they mean by “local” …

No passengers, no planes, no benefits. Pakistan's newest airport is a bit of a mystery
1 month ago

No passengers, no planes, no benefits. Pakistan's newest airport is a bit of a mystery

India Today  

With no passengers and no planes, Pakistan’s newest and most expensive airport is a bit of a mystery. “This airport is not for Pakistan or Gwadar,” said Azeem Khalid, an international relations expert who specializes in Pakistan-China ties. The government says CPEC has created some 2,000 local jobs but it’s not clear whom they mean by “local” — Baloch residents …

Pakistan’s new Gwadar airport has links to China | Know about the hush-hush inauguration, shocking details
Trending News
1 month ago

Pakistan’s new Gwadar airport has links to China | Know about the hush-hush inauguration, shocking details

India TV News  

Pakistan’s new Gwadar airport has links to China | Know about the hush-hush inauguration, shocking details Pakistan's mysterious Gwadar International Airport has been entirely funded by China, built at a high cost of USD 240 million, drawing a sharp contrast to the impoverished Balochistan province that houses it. Pakistan’s new Gwadar International Airport, entirely financed by China, is a conundrum …

CPEC: How ‘all-weather’ China-Pakistan friendship faces most severe storm
1 month, 2 weeks ago

CPEC: How ‘all-weather’ China-Pakistan friendship faces most severe storm

Firstpost  

As CPEC stagnates and Pakistan pivots towards the US, Beijing is caught in a strategic conundrum of whether to continue sinking investments into an unstable partner or recalibrate its regional approach As Pakistan's debt obligations towards China keep mounting and insurgent threats persist, Islamabad’s ability to maintain its sovereignty over critical assets like Gwadar is increasingly in question. The Chinese …

Pakistan rejoices over Gwadar airport, China dubs it donation
2 months ago

Pakistan rejoices over Gwadar airport, China dubs it donation

India Today  

After a Pakistan International Airlines aircraft on Monday landed at the new Gwadar International Airport, it was greeted with the traditional water salute. "The New Gwadar International Airport, a donation by China, officially commenced operations on Monday. Beijing-based Global Times called the new Gwadar International Airport, "a donation by China". "Pakistani Prime Minister Shehbaz Sharif said on Monday that the …

CPEC: No free lunches for Pakistan
9 months, 3 weeks ago

CPEC: No free lunches for Pakistan

Hindustan Times  

It’s like watching a very bad sequel to Star Wars. The announcement from the Pakistan’s Prime Minister’s Office on the forthcoming visit of Shehbaz Sharif to China for the ‘launch’ of the second phase of the China Pakistan Economic Corridor, was less than enthusiastic, mentioning June 4 as a possible date that could be ‘slightly changed’. China is doing a …

China condemns attack on Gwadar Port wherein Beijing vowed to build a world-class port in Pakistan
1 year ago

China condemns attack on Gwadar Port wherein Beijing vowed to build a world-class port in Pakistan

India TV News  

Beijing: China on Thursday condemned the Baloch militants' attack on Pakistan's Gwadar Port, which is part of the multi-billion dollar CPEC, saying Beijing firmly backs Islamabad’s efforts to fight terrorism and defend national security. Two soldiers of the Pakistani Army were killed and eight Baloch militants were "sent to hell" when security personnel foiled an attempt by heavily armed Baloch …

Pakistan’s Gwadar port attacked, eight armed fighters killed
1 year ago

Pakistan’s Gwadar port attacked, eight armed fighters killed

Al Jazeera  

Security forces fought for two hours before the attackers were killed, at a facility that is a showpiece project and is part of the China-Pakistan Economic Corridor. Islamabad, Pakistan — Pakistan’s security forces foiled a major attack in Gwadar, a port city in the southwestern province of Balochistan, when eight armed fighters were killed on Wednesday when they tried to …

Pakistan and China: CPEC’s journey from glittering ambition to virtual stall
1 year, 4 months ago

Pakistan and China: CPEC’s journey from glittering ambition to virtual stall

The Hindu  

The story so far: Seeking urgent funds to the tune of $65 billion via infrastructure investment, Pakistan’s caretaker Prime Minister Anwaarul Haq Kakar,on October 20, completed a five-day trip to Beijing. The main project was establishing the corridor connecting Pakistan’s Gwadar port in Balochistan to China’s Kashgar in south-western Xinjiang region. Moreover, Gwadar port has been leased to the China …

Islamabad on Sale? Why a ‘Weak’ Pakistan May Be Able to Deliver More to its People Than a ‘Strong’ One - News18
1 year, 7 months ago

Islamabad on Sale? Why a ‘Weak’ Pakistan May Be Able to Deliver More to its People Than a ‘Strong’ One - News18

News 18  

For those interested, there’s a massive sale on. The $3 billion bailout was only after the Saudis extended a forex loan of $2 billion, at a higher interest rate than the earlier loan of $3 billion last year, which in turn at 4 per cent was far higher than earlier ‘friendly’ loans. The Saudis may weigh in on the Reko …

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says
1 year, 7 months ago

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says

Associated Press  

ISLAMABAD — China has invested $25.4 billion in Pakistan over the past decade for projects ranging from roads to power plants, China’s vice premier said Monday, as the two countries celebrated the 10th anniversary of the so-called Belt and Road Initiative. In his televised remarks, Chinese Vice Premier He Lefing said Pakistan’s southwestern town of Gwadar was once just a …

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says
1 year, 7 months ago

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Gwadar Port
1 year, 10 months ago

Gwadar Port

China Daily  

Country: Pakistan Signing Date: April 23, 2015 with Qingdao Port of Shandong Port Group The Pakistan government has adopted the landlord concept for development of the Gwadar Port. In practice, this means that Pakistan will drive the overall development of the port and will raise the funds for developing general port infrastructure, while private sector investors will be the primary …

Pakistan and China Agree to Extend CPEC to Afghanistan, Stress on Combating Terrorism
1 year, 10 months ago

Pakistan and China Agree to Extend CPEC to Afghanistan, Stress on Combating Terrorism

News 18  

Pakistan, China and Afghanistan have agreed to forge closer economic ties by extending the Beijing-backed China-Pakistan Economic Corridor to Afghanistan to fully harness the country’s potential as a hub for regional connectivity. Pakistan Foreign Minister Bilawal Bhutto Zardari, his Chinese counterpart Qin Gang and Afghanistan’s Taliban-appointed acting Foreign Minister Mawlawi Amir Khan Muttaqi held the 5th China-Afghanistan-Pakistan Foreign Ministers’ Dialogue, …

Flailing Economy, CPEC, Indo-US Ties: Pakistan PM’s China Visit Fraught with Challenges
2 years, 4 months ago

Flailing Economy, CPEC, Indo-US Ties: Pakistan PM’s China Visit Fraught with Challenges

News 18  

Pakistan’s Prime Minister Shehbaz Sharif’s first visit China, since he took office in April this year, is fraught with challenges. China’s Demand of Outposts Chinese are demanding outpost in Balochistan for a long time for which Chinese personnel are still working with the Pakistani security agencies in Gawadar, according to sources. Geopolitical Challenges In his recent op-ed in Chinese newspaper …

习主席巴基斯坦之行：谱写中巴友谊新篇章
2 years, 6 months ago

习主席巴基斯坦之行：谱写中巴友谊新篇章

China Daily  

A handover ceremony of a batch of China-donated COVID-19 vaccine is held at Noor Khan Air Base near Islamabad, Pakistan, Feb 1, 2021. 标语牌上用中英文写着: “中巴友谊比山高、比海深、比蜜甜、比钢硬。”其他口号还包括“巴中友谊万岁”和“巴中是铁哥们”。 Pakistan's Air Force had deployed an escort of eight JF-17 Thunder fighter jets, jointly made by the two countries, when Xi's aircraft entered the country's airspace, Haque said. 哈克说: “习主席在巴基斯坦备受尊敬。因为他是一位政治家，一位远见卓识的领导人，一位奉行以人民为中心、全心全意为人民服务的领袖。” The people of Pakistan laud …

'Strongly demand…': China wants Pak to address 'root causes' after Karachi blast
2 years, 10 months ago

'Strongly demand…': China wants Pak to address 'root causes' after Karachi blast

Hindustan Times  

China on Wednesday demanded Pakistan act with urgency against terror attacks on Chinese projects and personnel in the country and address the 'root cause of the problem'. The blast - claimed by the Balochistan Liberation Army as the work of a female suicide bomber - occurred near a Chinese language centre at the university. READ: 'Severely punish…': China reacts after …

China's foreign minister makes surprise stop in Afghanistan
3 years ago

China's foreign minister makes surprise stop in Afghanistan

The Independent  

Get Nadine White's Race Report newsletter for a fresh perspective on the week's news Get our free newsletter from The Independent's Race Correspondent Get our free newsletter from The Independent's Race Correspondent SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s foreign minister made a surprise stop in …

China, Pakistan review CPEC project
3 years, 1 month ago

China, Pakistan review CPEC project

Hindustan Times  

China firmly supports Pakistan in safeguarding its sovereignty and fighting terrorism, President Xi Jinping told Pakistani Prime Minister Imran Khan on Sunday with both leaders agreeing to carry forward the “in-depth” development of the China-Pakistan Economic Corridor project. The CPEC, which connects Gwadar Port in Balochistan with China’s Xinjiang province, is the flagship project of Chinese President Xi Jinping’s ambitious …

China should beware ending up in an Afghan creditor trap
3 years, 7 months ago

China should beware ending up in an Afghan creditor trap

Live Mint  

The hurried withdrawal of the US from Afghanistan—the 1975 fall of Saigon déjà vu—has been heralded as a win for China and an opportunity for Beijing to extend its influence across the region. Since the BRI’s inception in 2013, China has splashed billions of dollars abroad: building roads, dams and power plants. In late July, during an Afghan Taliban charm- …

Watch | About the China-Pakistan Economic Corridor
4 years, 2 months ago

Watch | About the China-Pakistan Economic Corridor

The Hindu  

On December 25, officials from China and Pakistan met in Urumqi for the second meeting of the Joint Working Group on International Cooperation and Coordination under the China-Pakistan Economic Corridor or CPEC. It is China’s most ambitious Belt and Road Initiative project that aims to build a network of roads, railway lines and power projects throughout Pakistan. CPEC eventually aims …

Chinese firm gets 23-year tax exemption in Pak
5 years, 5 months ago

Chinese firm gets 23-year tax exemption in Pak

India TV News  

Pakistan has decided to give tax exemption of 23 years to a Chinese firm working at Gwadar Port. He said that the government has granted tax exemption to the China Overseas Ports Holding Company for 23 years to facilitate establishment of its industrial units at Gwadar Port, reported Dawn news. COPHC CEO Zhang Baozhong said the present government had resolved …

China plans to invest $1 bn in Pak development projects
5 years, 6 months ago

China plans to invest $1 bn in Pak development projects

Live Mint  

China is planning to invest $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 in Islamabad, China's Ambassador to Pakistan Yao Jing has said that the pace of development projects under the China-Pakistan Economic …

China gets a dose of Pakistani terror industry
5 years, 9 months ago

China gets a dose of Pakistani terror industry

Deccan Chronicle  

In the last six months, the Chinese workers and assets deployed in the China-Pakistan Economic Corridor have been attacked at least four times. Last month a convoy of 22 vehicles ferrying Chinese engineers was attacked by the Baloch Liberation Army, whereas last week, a luxury hotel at the epicentre of the CPEC imperatives i.e. Besides the historical and homegrown Baloch …

Gwadar hotel attack a bid to 'sabotage' economic projects: Pak PM
5 years, 10 months ago

Gwadar hotel attack a bid to 'sabotage' economic projects: Pak PM

India TV News  

Pakistan Prime Minister Imran Khan on Sunday condemned a deadly attack on a luxury hotel in the port city of Gwadar in Balochistan province, saying it was an effort to "sabotage" the country's economic projects and prosperity. The Chinese embassy in Pakistan also condemned the attack on the hotel and expressed condolences to the families of the security guard who …

Imran Khan condemns terror attack on Gwadar hotel, says it was to 'sabotage' country's economic projects and prosperity
5 years, 10 months ago

Imran Khan condemns terror attack on Gwadar hotel, says it was to 'sabotage' country's economic projects and prosperity

Firstpost  

While condemning the attack, Imran Khan appreciated the initial response by a security guard and security forces in foiling greater loss to human lives Islamabad: Pakistan prime minister Imran Khan Sunday condemned a deadly attack on a luxury hotel in the port city of Gwadar in the troubled Balochistan province, saying the terror strike was an effort to “sabotage” the …

China wades into the India-Pakistan quagmire
6 years ago

China wades into the India-Pakistan quagmire

The Hindu  

It was a meeting of friends that stretched late into the evening. The decision inflamed public opinion in India, but New Delhi, avoiding a harsh response, chose continuity in its engagement with China, which had taken wing last year at Wuhan, where Prime Minister Narendra Modi and Chinese President Xi Jinping met for freewheeling reset talks that lasted for two …

Pakistan owes $10 billion debt to China for Gwadar port, other projects: US general
6 years ago

Pakistan owes $10 billion debt to China for Gwadar port, other projects: US general

India Today  

Pakistan owes its "all weather friend" China at least USD 10 billion debt for the construction of the Gwadar port and other projects, the top US general has said, as he underlined Beijing's "predatory economics" to expand its global influence. "Pakistan owes China at least USD 10 billion in debt for the construction of Gwadar Port and other projects," Dunford …

Opinion | The China-Pakistan love affair in troubled waters
6 years, 3 months ago

Opinion | The China-Pakistan love affair in troubled waters

Live Mint  

Last week, the Chinese consulate in Karachi came under attack with three gunmen trying to enter it and killing four people in the process. Ordering a “complete inquiry”, Pakistan Prime Minister Imran Khan condemned the attack, and called it a “conspiracy against Pakistan and China’s economic and strategic cooperation”. This attack is part of a series of assaults on Chinese …

AP Explains: China’s megaprojects fuel unease in Pakistan
6 years, 4 months ago

AP Explains: China’s megaprojects fuel unease in Pakistan

Associated Press  

ISLAMABAD — The assault on the Chinese Consulate in Karachi was the latest in a series of attacks on China’s growing influence in Pakistan, where Beijing is financing tens of billions of dollars’ worth of megaprojects that critics fear will plunder the country’s resources and leave it with crippling debt. The largest component is a 3,200-kilometer road linking China to …

Gwadar port turning Pakistan into trade hub: Lawmaker
6 years, 4 months ago

Gwadar port turning Pakistan into trade hub: Lawmaker

The Quint  

Islamabad, Oct 30 A top Pakistani lawmaker has said that the country was turning into a regional and international trade hub due to the strategically located Gwadar deep sea port in Balochistan province. Addressing an inaugural session of Asian Parliamentary Assembly's Standing Committee on Political Affairs in Gwadar on Monday, Pakistan Senate Chair Sadiq Sanjrani said that Gwadar is helping …

Saudi Arabia's oil refinery in Gwadar likely to threaten Chabahar port, make China part of Tehran and Riyadh war
6 years, 5 months ago

Saudi Arabia's oil refinery in Gwadar likely to threaten Chabahar port, make China part of Tehran and Riyadh war

Firstpost  

Islamabad’s latest move was inviting the oil-rich Saudi for investments in the Gwadar refinery and mines in Balochistan. Hong Kong: Pakistan’s latest announcement about Saudi Arabia’s investment in an oil refinery at the port city of Gwadar has set alarm bells ringing in the international arena. The column, written by James Dorsey on Mid East Soccer blog, claims that Saudi’s …

Saudi Arabia's oil refinery in Gwadar threatens China, may increase risk of Arab nation's face-off with Iran
6 years, 5 months ago

Saudi Arabia's oil refinery in Gwadar threatens China, may increase risk of Arab nation's face-off with Iran

Firstpost  

Pakistan’s latest announcement about Saudi Arabia’s investment in an oil refinery at the port city of Gwadar has set alarm bells ringing in the international arena. A Zero Hedge article claims that Pakistan’s move comes from a “desperate” need for funding to ward off a financial crisis stoked by growing debt to China. The column, written by James Dorsey on …

US senators say Pakistan at risk of debt distress due to CPEC, express concern about China's 'debt-trap' diplomacy
6 years, 6 months ago

US senators say Pakistan at risk of debt distress due to CPEC, express concern about China's 'debt-trap' diplomacy

Firstpost  

US senators have said that Pakistan is at risk of debt due to rising current-account deficit and external debt obligations caused by the CPEC, in a letter written to the secretary of state Michael Pompeo and secretary of treasury Steven Mnuchin. Washington: As newly elected government in Pakistan, headed by Prime Minister Imran Khan, is willing to pursue an International …

India’s grip on strategic port, Chabahar, loosens as Iran turns to China
6 years, 11 months ago

India’s grip on strategic port, Chabahar, loosens as Iran turns to China

Live Mint  

New Delhi/Karachi: A remote Iranian port could be the next trigger for geopolitical tensions between rivals China and India. On a March trip to Islamabad, Iran foreign minister Javad Zarif said he’d welcome Chinese and Pakistani investment in Chabahar, according to Dawn newspaper. “Delhi would likely take the view that any Chinese presence at Chabahar, even if not involved in …

With the US cutting down aid, Pakistan tries to sell itself to China
7 years, 1 month ago

With the US cutting down aid, Pakistan tries to sell itself to China

Op India  

In December last year, Pakistani newspapers reported that Pakistan is giving the Chinese currency Renminbi the status as the second international currency, at par with the US dollar. Pakistan’s planning and Development Minister Ahsan Iqbal and Chinese ambassador Yao Jing had together launched the Long Term Plan of the China Pakistan Economic Corridor for 2017-2030. While the government officials and …

China, UNDP Pak sign $4mn assistance agreement for Fata, Balochistan
7 years, 1 month ago

China, UNDP Pak sign $4mn assistance agreement for Fata, Balochistan

ABP News  

Islamabad, Feb 3 : China, United Nations Development Programme and Pakistan have signed a USD 4 million agreement to provide assistance over four months to help the people of Fata and Balochistan region in Pakistan. The project will support the people in the restoration of their livelihood and help rebuild their lives," the Dawn quoted Chinese Ambassador Yao Jing, as …

China-Pakistan sign new deals for Gwadar port's development: CPEC may turn out to be India's security and strategic problem
7 years, 1 month ago

China-Pakistan sign new deals for Gwadar port's development: CPEC may turn out to be India's security and strategic problem

Firstpost  

An ambitious China attaches paramount importance to the Indo-Pacific Region, an area which includes the Western Pacific Ocean as well as whole of the Indian Ocean, but this runs in parallel to India’s pre-eminence in the region. The Gwadar Port is expected to provide China’s western hinterland with access to the Arabian Sea – and in turn the Indian Ocean …

China denies plans to set up military base at Jiwani in Pakistan’s Balochistan
7 years, 2 months ago

China denies plans to set up military base at Jiwani in Pakistan’s Balochistan

Live Mint  

Beijing: China on Tuesday denied as “unnecessary” speculation reports that it was planning to build a military base at Jiwani in Pakistan’s Balochistan province close to the strategic Chabahar port, which is being jointly developed by India, Iran and Afghanistan. According to reports, Pakistan may allow China to build the military base in Jiwani which is also close to Gwadar …

Pakistan denies reports of Chinese military base near Gwadar port
7 years, 2 months ago

Pakistan denies reports of Chinese military base near Gwadar port

India TV News  

Pakistan today rejected as "propaganda" reports that China was going to establish a military base near the strategic Gwadar port in southern Balochistan province. "There is no proposal of building any Chinese military base near Gwadar. Responding to a question about India test-firing an interceptor missile, Faisal said Pakistan always maintained that anti-ballistic missile systems entail destabilising effects, especially in …

CPEC effect: Pakistan considering replacing dollar with Yuan in bilateral trade with China
7 years, 3 months ago

CPEC effect: Pakistan considering replacing dollar with Yuan in bilateral trade with China

India TV News  

The US dollar may be replaced by Chinese yuan in China-Pakistan trade, Pakistan's Minister for Planning and Development Ahsan Iqbal has said. Asked if the Chinese currency could be allowed for use in Pakistan, the minister said the Pakistani currency would be used within the country but China desired that bilateral trade should take place in yuan. "We are examining …

Yuan may replace dollar in Pakistan-China trade
7 years, 3 months ago

Yuan may replace dollar in Pakistan-China trade

The Quint  

Islamabad, Dec 19 The US dollar may be replaced by Chinese yuan in China-Pakistan trade, Pakistan's Minister for Planning and Development Ahsan Iqbal has said.Iqbal told this to journalists after the formal launch of Long Term Plan for the China-Pakistan Economic Corridor 2017-30 signed by the two sides on November 21, Dawn online reported on Tuesday.The CPEC is a flagship …

China, Pakistan agree to strengthen anti-terrorism cooperation along Gwadar port
7 years, 6 months ago

China, Pakistan agree to strengthen anti-terrorism cooperation along Gwadar port

Firstpost  

China and Pakistan have agreed to strengthen anti-terrorism and security cooperation along a $ 50 billion economic corridor that links the restive regions of the two countries through a network of rail and road projects. Beijing: China and Pakistan have agreed to strengthen anti-terrorism and security cooperation along a $ 50 billion economic corridor that links the restive regions of …

China to launch land freight service with Pakistan through CPEC, could prove worrisome for India
7 years, 8 months ago

China to launch land freight service with Pakistan through CPEC, could prove worrisome for India

Firstpost  

China is planning to launch a road and rail freight service to Pakistan through the CPEC, a move which could raise concerns in India. Beijing: China is planning to launch a road and rail freight service to Pakistan through the multi-billion dollar China-Pakistan Economic Corridor, a move which could raise concerns in India. Last November, China launched the first trade …

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