Published: Wed, November 22, 2017
Worldwide | By Gretchen Simon

Pakistan, China share common vision of peaceful neighborhood for development: PM

Pakistan, China share common vision of peaceful neighborhood for development: PM

Ahsan Iqbal expressed the confidence that industrial cooperation under CPEC would lead towards transfer of technology, expertise and knowledge to Pakistan for promoting knowledge-based economy.

He said all stakeholders concerned from both China and Pakistan were consulted in preparing the LTP. The meeting was co-chaired by Interior Minister Ahsan Iqbal, who is also Minister for Planning and Development Reforms and Wang Xiaotao, Vice Chairman of National Development and Reforms Commission (NDRC) of China.

The representatives of private sector including trade and industry chambers also participated in the meeting for the first time.

"The long-term plan will give new dimensions to bilateral cooperation between China and Pakistan", he said. He said the two sides "exchanged views on issues of taxation and security and formulated a working group to settle issues of taxes in a comprehensive manner". "China's development first and foremost should benefit our good neighbours, especially Pakistan", the spokesperson quoted the assistant foreign minister as saying. The CPEC is a flagship project under Beijing's "Belt and Road Initiative".

"The JCC cleared all projects in infrastructure sectors of which feasibility report was completed; however, the projects having incomplete feasibility study would be imparted formal approval in the next JCC meeting", he remarked.

Bail granted to bus conductor accused of Pradhyumn murder
Ashok was arrested on September 8. "We were given benefit of doubt", Ashok Kumar's lawyer, Anil Sharma, told ANI. In court, the CBI said as the investigation is still underway, and nobody has been given a clean chit.

According to officials, in Pakistan alone, China is reported to have committed to invest United States dollars 50 billion and some estimates even put the amount to more than USD 60 billion in the ambitious CPEC project, connecting China's Xinjiang province with Balochistan's Gwadar port. He said consensus was developed on Karachi Circular Railways (KCR) project and feasibility of the KCR and ML-1 will be submitted to the Chinese sides for their consideration and similarly nine special economic zones have been identified with one each in four provinces, AJK, FATA and Gilgit-Baltistan and two in federal with one for Islamabad and other for Port Qasim and will be submitted to the Chines sides for consideration.

He said that after completion of the design, work on Gwadar airport to be funded by Chinese grant is likely to be initiated in the next few months.

He said that cooperation on Gwadar projects was assured and Prime Minister Shahid Khaqan Abbasi will lay the foundation stone of East Bay Expressway while feasibility study of the global airport was shared with the Chinese side for review of changes in design.

The establishment of special economic zones, which were the hallmark of this project, would now start following the 7th JCC meeting, he added.

He underlined the need for expansion in the administrative structure and scope of cooperation in CPEC.

Like this: