China - Pakistan Economic Corridor - CPEC

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China Pakistan Economic Corridor (CPEC) could be a gateway to Central Asian Region, if it is provided with the opportunity to partner in the project.

These views were expressed by the ambassadors of the Central Asian Countries while speaking at the seminar here on “China-Pakistan Economic Corridor: Opportunities for Central Asian Republics (CARs)” organised by Institute of Peace and Diplomatic Studies and Preston University.

Speaking on the occasion, Ambassador of Kazakhstan to Pakistan Barlybay Sadykov said the prospects of the development in the CPEC were tremendous and this project provides ample opportunities for the entire region.

He said Kazakhstan supported the Belt and Road initiative and now was eager to join the CPEC and connectivity projects.

“With ample assistance and information about several projects and opportunities within CPEC, all the regional countries would be able to benefit and strengthen the overall concept of the entire corridor,” he added.

Ambassador of Kyrgyz Republic to Pakistan Erik Beishembiev also talked about the potential of Kyrgyzstan being an important country in the Belt and Road initiative of China.

He highlighted various connectivity projects that were initiated and are currently underway. All such projects can play an important role in furthering the connectivity within the CPEC projects, he added.

Erik Beishembiev also talked about the opportunities that Kyrgyzstan has to offer to Pakistan.

Ambassador of Republic of Tajikistan Sherali Jononov said the connectivity with CPEC is rather significance in regard with regional peace and stability.

He also emphasized the need for Pakistani students and public to learn more about the countries of the Central Asian region to improve the ties between the states of the region and Pakistan.

He said world recognize the sacrifices that Pakistan has made to promote peace and stability for the entire region.

Referring to the recent summit of peace and stability in Afghanistan, organized by Uzbekistan to promote the regional consensus, ambassador of Uzbekistan to Pakistan Furkat Sidikov said Uzbekistan has a huge potential as regional torch bearer of peace and stability.

Uzbekistan is also interested in CPEC as it will be providing the country and its booming economy an easy access towards the largest market through sea in few days time which was earlier not possible, he added.

Ambassador of Turkmenistan to Pakistan Atadjan Movlamov, also the Dean of the Diplomatic Corps along with Farhat Asif, President, Institute of Peace and Diplomatic Studies and Dr. A.W Baloch, Registrar Preston University presented shields to the participants.

Large number of the students, faculty members, representatives of think-tanks and media attended the seminar.

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682 Km Railways to connect Havelian with Khunjrab under CPEC.Pakistan Railways will conduct a feasibility study for connecting Havelian with Khunjrab.
length of the rail link from Havelian to Khunjrab is 682 kilometers and the project includes the construction of railway stations, sub-stations, parking facilities and related infrastructure and the installation of signals and safety systems.
The long-term vision predicts connectivity of proposed Havelian-Khunjrab rail link with Gwadar through ML-and onwards from Jacobabad to Khuzdar, Besima, Panjgur, Hoshab and Turbat under the CPEC
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Transportation Infrastructure
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The China-Pakistan Economic Corridor envisions an extensive overhaul of the existing transportation infrastructure in Pakistan and laying out of new routes for the facilitation of transit trade and enhancement of market accessibility.

As an essential part of the CPEC, China and Pakistan have joined hands to building the transportation infrastructure stated below.

Project Name Company Name Status Progress Picture Gallery
KKH PhaseII(Havelian- Thakot Section),120 km China Road and Bridge Corporation Under construction
70%
Karachi-Lahore Motorway (Sukkur-Multan Section),392 km China State Construction Engineering Corporation Limited Under construction
70%
Joint Feasibility Study for Upgradation of ML1 and Establishment of Havelian Dryport China Railway Feasibility study completed; Framework Agreement signed
100%
Upgradation of ML-1 (Multan-Lahore Section, 339 km; Hyderabad-Multan Section, 749 km; Kemari-Hyderabad Section, 182 km) TBD Government Framework Agreement under discussion
40%
New Havelian Dry Port TBD Feasibility stage
15%
Khuzdar-Basima Highway (N-30), 110 km TBD Feasibility stage
15%
KKH Phase III(Raikot-Thakot Section)280km TBD Feasibility stage
15%
D.I.Khan-Quetta Highway (N-50), 533km TBD Feasibility stage
15%

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Furniture manufacturers of Guangzhou, which is also known as Canton, the most populous city of the province of Guangdong in southern China, have expressed interest in establishing furniture manufacturing units through joint ventures in Pakistan.

Focus is also on establishing Pakistani furniture outlets in Canton to promote furniture trade between the two countries.

Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq in a statement said a high-level PFC delegation recently participated in the Canton Fair 2018 where they explored opportunities for establishing better liaison between furniture manufacturers to strengthen economic ties.

He said one of the biggest furniture shows held in Canton, where delegations from more than 120 countries participated, indeed became a great opportunity for Pakistani furniture producers to hold comprehensive meetings with foreign delegations including those from South Korea, Australia, the United States, Taiwan, Hong Kong, Japan, India, Malaysia, Singapore and Canada.

Among all product categories, contemporary furniture drew most of the visitors, he said, adding, “we want to diversify our exports and find new partners for doing business.”

Ashfaq said Pakistan exported $8 to $12 million worth of furniture products annually, but the figure did not reflect the actual potential of the industry and its capacity to produce high-quality furniture. In this regard, he said Chinese technology could help in upgrading the furniture sector of Pakistan.

Pakistan’s business community was not only targeting to increase exports to China, but was also striving to strengthen the partnership that would facilitate growth in trade with major partners such as the United Kingdom, Germany, Spain, Austria, Portugal, France and Italy.

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25-30 KM Section of the Swat Motorway enters in final stages to be inaugurated this month while rest 50 KM Section of this Motorway to be opened till next year.

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France’s

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establishes car plant in

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- Pakistan....



French automaker Renault will establish its car manufacturing plant in Faisalabad..

Chief of Groupe Renault said that the company will get 54 acres of land in Faisalabad in a few days where a car assembling plant with a planned investment of US $140 million will be established.

He added that the land is cheaper here with all the facilities readily available for the industrialists.

Bin Qasim Industrial Park is located on Main National Highway under National Industrial Parks Development & Management Company (NIP). The NIP was established as a special initiative of the Ministry of Production.

Groupe Renault and Al-Futtaim last November announced that they had signed definitive agreements for the exclusive assembly and distribution of Renault vehicles in Pakistan.

According to the deal, Groupe Renault would bring its latest products and technological know-how, whilst Al-Futtaim, through its new subsidiary called Al-Futtaim Automotive Pakistan (Private) Limited, will establish a new manufacturing and assembly plant, and exclusively distribute Renault cars through its extensive knowledge of the market.

As per the agreement, the parties expected that the plant will be built as per Groupe Renault standards and car sales are planned to start in 2019 ramping up in 2020...

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98 Km 4 lanes Khanewal-Lodhran Expressway E-5 under construction with service road near completion. View Of Interchange On Khanewal - Lodhran Road At Khanewal by Punjab Govt.It is first provincial Expressway by Punjab Govt...

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RAWALPINDI:
The National Logistics Cell (NLC) has signed a memorandum of understanding (MoU) with Daimler AG -the German automotive corporation that owns Mercedes-Benz – for the local assembly and production of Mercedes‐Benz trucks in Pakistan.

Development comes as demand of commercial vehicles increases due to CPEC.

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automaker KIA is in process of making its comeback in Pakistan.

This time partnered with Lucky Cement group, the Kia-Lucky venture had already signed an agreement with the Ministry of Industries and Production. According to which, production of light commercial and passenger vehicles will take place in Pakistan under Automotive Development Policy 2016-2021.

Reportedly the manufacturing and assembling facilities will be functional in the year 2019/20. However KIA vehicles will be available for purchase to car buyers in Pakistan as KIA-Lucky will start importing cars in 2018.

KIA Pakistan’s website was launched in March 2018, and one can see Pakistan among the listed countries in Asia Pacific region. Kia vehicles have been spotted testing in Pakistan numerous times already, with Sportage SUV, Grand Carnival van, Rio subcompact and Picanto hatchback making frequent appearances on public roads.

Now interestingly, Kia Pakistan website is updated with an addition to the range of vehicles. This includes the Cerato sedan, Niro hybrid crossover, Stinger fastback and the K-series 1-ton commercial loader.

It is yet unclear which vehicles will be assembled locally and which will be available as CBU import, however the product portfolio does look impressive and will open doors to some long-awaited healthy competition in our market.

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"The employment figure of 389,405 is of only 38 projects under . It is projected additional employment will be created at a very large scale."

(figures verified by plant supervisors & industry experts)....CPEC Official fact sheet elaborates overall CPEC impact on job creation.

Economic Corridor....