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China Pakistan Economic Corridor (CPEC)

 
 

China, Pakistan Plan to Launch Satellites in June to Monitor CPEC Progress

May 28, 2018 (BE2C2) — In order to carefully monitor the progress taking place in the China-Pakistan Economic Corridor (CPEC), China is all set to launch two satellites next month. In a joint initiative between The China Academy of Launch Vehicle Technology (CALVT) and Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the satellites to be launched will focus on geo-monitoring and image processing. The major advantages of these satellites is that they will improve the process of communication in remote and backward areas of Pakistan. Beijing will launch theRead More


Foreign Direct Investment Increases Over 10-Month, With Inflow Of $2.8 Billion

May 16, 2018 (BE2C2) — Foreign Direct Investment (FDI) increased 2.4% in July-April, amounting to $2.24 billion from $2.18 billion in the same 10-month period the previous year. According to data released on Tuesday by the State Bank of Pakistan (SBP), the country witnessed an inflow of FDI amounting to $2.8 billion in the 10-month period, against an outflow of $565.8 million in the same period of the previous year. China continued to lead the pack in terms of net investment in Pakistan with a cumulative FDI of $1.414 billionRead More


China State-Owned Company Bids For Two Railway Projects Under CPEC

The Chinese government is providing loans to Pakistan on CPEC projects at 2.39 percent payable over 25 years, with Chinese state-owned companies bidding and building these projects May 10, 2018 — China’s state-owned railway construction enterprise wants to carry out initial feasibility study on upgrading Main Line (ML-II Kotri-Attock) and ML-III Rohri-Chaman railways tracks, and aims to complete these projects under China Pakistan Economic Corridor (CPEC), a statement said on Wednesday. Yang Jinjun, the vice president of state-owned China Railways Construction Corporation (CRCC) expressed keen interest in the projects duringRead More


CPEC Projects ‘Come With 2.39 Pct Loans’ Payable Over 25 Years

Trade through the corridor will surpass $3 trillion; toll income would be 3 times the annual budget of Pakistan ~ $135+ billion May 5, 2018 (BE2C2) — The Project Director for China Pakistan Economic Corridor (CPEC) under the Ministry of Planning, Development and Reform, has said that Pakistan is the center of three engines of growth and will benefit the maximum from the successful operationalization of the CPEC as the trade through this corridor will surpass US $3 trillion. It was the first time an official figure on cost ofRead More


Russia Awaits Formal Invitation to Join CPEC; Libya Wants Included in Belt and Road Initiative

(BE2C2) — Acting ambassador of Russian Federation on Monday said Russia was eagerly waiting for a formal invitation from China and Pakistan to invest in CPEC related projects. Vladirmir Berezyuk also said that a delegation of Russian businessmen will visit Pakistan very soon to explore new opportunities for investment. Addressing members of the Faisalabad Chamber of Commerce & Industry (FCCI), Berezyuk mentioned Russian cooperation in the development of Pakistan economy specially the Karachi Steel Mills and Guddu Power Plant as fine examples of mutual and highly productive cooperation, he said.Read More


CPEC Connectivity: Pakistan To Be Linked With World’s Fastest Internet Service

(BE2C2) — China is linking Pakistan with a new submarine cable system in order to provide one of the fastest internet services in the world. The latest initiative dovetails the $44m fiber optic cable being laid between Pakistan and China as part of the China Pakistan Economic Corridor net connectivity infrastructure. Named PEACE (Pakistan East Africa Cable Express), the cable will have two landing routes in Karachi and Gwadar and will stretch across Europe and Africa. The project will be built by Huawei Marine and will be funded by TropicRead More


Iran Invites Pakistan to Participate in its Chahbahar Port and Connectivity Project

Iranian Foreign Minister Dr Javad Zarif on Monday invited Pakistan to participate in Chahbahar seaport project and development of its link with Gwadar Port as he sought to allay concerns over Indian involvement in the Iranian port. “We offered to participate in the China-Pakistan Economic Corridor (CPEC). We have also offered Pakistan and China to participate in Chahbahar,” Dr Zarif, who is on a three-day visit to Pakistan, said while delivering a lecture at the Institute of Strategic Studies Islamabad (ISSI) that had been held to commemorate 70th anniversary ofRead More


Examining Debt Implications of Belt and Road Initiative

China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, then BRI raises the risk of debt distress in some borrower countries,