China - Pakistan Economic Corridor - CPEC

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Progress on China-Pakistan Economic Corridor tears through rumors
By Global Times


When describing Sino-Pakistani friendship, people often use words like higher than the mountains, deeper than the sea, sweeter than honey, harder than steel, and more precious than the eyes. The two countries have established an all-weather and all-round strategic partnership that is time-tested and is a model for other countries with different social systems to build good neighborly relations.

The rapid construction and development of the China-Pakistan Economic Corridor (CPEC) is not possible without the full protection and support of the Pakistani government and army. So far, the economic corridor has been safe from terror attacks.

The corridor has become one of the earliest, fastest-moving and most effective projects under the Belt and Road initiative. Of the 43 projects confirmed at the beginning of the corridor, 20 are under construction or have been completed.

Another 157 projects in the corridor will be gradually completed in the next 12 years. As a major pilot project of the Belt and Road initiative, the corridor has been lauded by the Pakistani government.

Driven by the corridor construction, Pakistan's rate of economic growth rose to 5.97 percent last year from 3.5 percent in 2013, ranking top in Asia. As long as the corridor projects advance smoothly, economic growth can rise up to 9 percent.

The corridor construction has created nearly 60,000 direct jobs in Pakistan. It is expected to create 700,000 jobs in the country by 2030. If related industries are counted, at least 3.5 million jobs will be created, benefiting millions of families.

Many Pakistani employees have been sent to China for further study by Chinese-funded enterprises and will soon become the leading figures of the new generation seeing Pakistani industrialization.

On the other hand, although the Pakistani government and the military have been doing their utmost to protect the security of the CPEC, there are reports discrediting it by West-driven English language media.

There have been rumors, such as those saying that the corridor will follow the old road of the British East India Company and lead to a new colonization of Pakistan; China has sent a large number of prisoners to Pakistan to work on the construction in order to save labor costs; China only focuses on Punjab province; China won't offer preferential trade policy to Pakistan; the industrial park has become a special economic zone exclusive to Chinese capitals. All these rumors have had a negative impact.

China has responded to the rumors on several occasions. All Chinese engineers and technicians working in Pakistan have obtained the consent of the relevant departments of both governments. Beijing has never sent a person with a criminal record to work in Pakistan and has called back all Chinese people who have violated discipline in Pakistan. China did not send any soldier to Pakistan, nor build any military base in the country. China respects Pakistan's social and economic development and has never insisted on completely equivalent reciprocity. It continues to provide Pakistan with preferential treatment in terms of trade.

China has not stopped non-Chinese companies from entering the China-Pakistan economic free zone and has no reason to do so. And China prefers certain provinces in Pakistan because they have a good development record with a high degree of safety.

China and Pakistan should work together to curb the false reports on the CPEC through in-depth and multifaceted cooperation and build a good media corridor in between. Writers and intellectuals from both countries should also join hands to explore positive stories on the corridor.

I strongly agree with the China-Pakistan Life Rescue Corridor that is being built. We can also build corridors on employment and industrial parks so as to increase cooperation between bilateral enterprises and interaction between Pakistani and Chinese people.

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Construction of Service Areas at Indus River on Islamabad Peshawar Motorway M-1.It is 6 lanes 155 Km Motorway link northern Districts and Hazara division of KPK to Islamabad and Punjab.It is also integral part of Pak Afghan Transit Trade.Currently carries traffic about 20000 vehicles per day.

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81 Km Swat Motorway under construction...

The motorway stretches from Nowshera to Chakdara in Lower Dir District, passing through Swabi, Mardan, and Malakand Districts. The project was inaugurated in August 2016.

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Malaysia sees China-Pakistan Economic Corridor as a big opportunity for South Asia region, especially for Pakistan and can partner with Pakistan in potential projects in various sectors, if invited, an envoy said on Monday.

“… Malaysia wants to increase bilateral trade with Pakistan, which was currently standing at around $1.34 billion and was in favour of Malaysia,” Khairul Nazran Abd Rahman, Consul General of Malaysia in Karachi, said speaking to reporters at the conclusive session of 20th Study Malaysia Expo.

Rahman said his country also wanted to promote tourism in Pakistan. “Last year 39,000 Pakistani visited to Malaysia,” he said. The envoy said, being a brotherly country, Malaysia intended to build strong relationship with Pakistitan.

Rahman, who has taken the charge just two weeks back, said he felt very comfortable and happy with Karachiites whom he described as very friendly and hospital.

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Pakistan’s first weaving city will be set up in the M3 Industrial Estate in Faisalabad as the country moves towards organising its textile sector and brings together the cluster of units across 100 acres of land.

A memorandum of understanding (MoU) was inked between the Faisalabad Industrial Estate Development and Management Company (FIEDMC) and All Pakistan Cotton Power looms Association (APCPA) at the Faisalabad Chamber of Commerce and Industry (FCCI) on Friday.

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projects: Clearance of ‘low-risk’ items from China allowed...

The government has decided that the clearance of 'low-risk' items from China under China Pakistan Economic Corridor (CPEC) projects has been allowed through Manual cum One-Customs System under interim arrangement till Web Based One Customs (WEBOC) System would be in place.

The decision has been taken during the last meeting to review the progress on CPEC projects under the chairmanship of Minister for Planning, Development and Reform (MPO& R) here at the Ministry of Planning, Development and Reform on Wednesday.

In his opening remarks, the MPD&R secretary highlighted that the meeting was a significant milestone and is reflective of the strenuous efforts undertaken under the guided leadership of the PD&R minister. He especially thanked ambassador of China for his presence. He further put light on CPEC projects and highlighted that it is an outcome of long term relationship between the two countries. He further said that the cooperation in the shape or long term plan is going to stay and will move forward with full support of both the governments.

The representative from Board of Investment (BoI) gave progress update since 54th CPEC progress review meeting and put light on BoI several ongoing endeavors which include preparation for organizing road shows in China, engagement of Professor Justin Lin to identify Chinese industries that needs to be relocated, update on BoI's engagement with the HEC related to consortium of business schools, preparation for , Shanghai Expo; status of land acquisition of Federal SEZ at Gwadar, Port Qasim and Islamabad.

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‘200
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projects to be completed in 12 years’


The China-Pakistan Economic Corridor (CPEC) has become one of the earliest, fastest-moving and most effective projects under the Belt and Road initiative. Of the 43 projects confirmed at the beginning of the corridor, 20 are under construction or have been completed.

“Another 157 projects in the corridor will be gradually completed in the next 12 years,” Zhou Rong, a senior research fellow with the Chongyang Institute for Financial Studies at the Renmin University of China told Global Times on Tuesday.


As a major pilot project of the Belt and Road initiative, the corridor has been lauded by the Pakistani government. Driven by the corridor construction, Pakistan’s rate of economic growth rose to 5.97 per cent last year from 3.5 per cent in 2013, ranking top in Asia. As long as the corridor projects advance smoothly, economic growth can rise up to 9.0 per cent, he added.
He said the corridor construction has created nearly 60,000 direct jobs in Pakistan. It is expected to create 700,000 jobs in the country by 2030. If related industries are counted, at least 3.5 million jobs will be created, benefiting millions of families.

Many Pakistani employees have been sent to China for further study by Chinese-funded enterprises and will soon become the leading figures of the new generation overseeing Pakistani industrialisation. On the other hand, although the Pakistani government and the military have been doing their utmost to protect the security of the CPEC, there are reports discrediting it by West-driven English language media, he added.

Rong said there have been rumours that the corridor will follow the old roadmap of the British East India Company and lead to a new colonisation of Pakistan; China has sent a large number of prisoners to Pakistan to work on the construction in order to save labour cost; China only focuses on Punjab province; China won’t offer preferential trade policy to Pakistan; the industrial park has become a special economic zone exclusive to Chinese capitals. All these rumours have had a negative impact. China has responded to these rumours on several occasions. All Chinese engineers and technicians working in Pakistan have obtained the consent of the relevant departments of both governments. Beijing has never sent a person with a criminal record to work in Pakistan and has called back all Chinese people who have violated discipline in Pakistan. China did not send any soldier to Pakistan, nor build any military base in the country.

The research fellow said that China respects Pakistan’s social and economic development and has never insisted on completely equivalent reciprocity. It continues to provide Pakistan with preferential treatment in terms of trade. China has not stopped non-Chinese companies from entering the China-Pakistan economic free zone and has no reason to do so. And China prefers certain provinces in Pakistan because they have a good development record with a high degree of safety. China and Pakistan should work together to curb the false reports on the CPEC through in-depth and multifaceted cooperation and build a good media corridor in between. Writers and intellectuals from both the countries should also join hands to explore positive stories in the corridor. “I strongly agree with the China-Pakistan Life Rescue Corridor that is being built. We can also build corridors on employment and industrial parks so as to increase cooperation between bilateral enterprises and interaction between Pakistani and Chinese people,” he added.

He opined the rapid construction and development of the corridor is not possible without the full protection and support of the Pakistani government and army.

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Energy Projects ....

Energy projects r being executed under Independent Power Producers (IPPs) mode. Financing of energy projects are mainly taken by the private company from China Development Bank & China Exim Bank against their own balance sheets, therefore, any debt would be borne by the Chinese investors.

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