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Showing posts with label BRI. Show all posts
Showing posts with label BRI. Show all posts

Saturday, September 8, 2018

Imran Khan invited as guest of honour at China International Import Expo


By Masood Sattar Khan
(Pakistan News & Features Services)

China has extended an invitation to Pakistan’s Prime Minister Imran Khan to be the guest of honour at the China International Import Expo (CIIE) due to be staged in Shanghai from November 5 to 10, 2018. 

The Chinese Foreign Minister, Wang Yi, met his Pakistani counterpart, Shah Mahmood Qureshi, in Islamabad on September 8where he extended invitation to Prime Minister Imran Khan to be the guest of honour at the CIIE. 

China and Pakistan also agreed to strengthen the strategic cooperation in a one-on-one meeting between the two Foreign Ministers.

Pakistan’s Foreign Office spokesman, Dr Muhammad Faisal, informed the delegation-level talks between the two delegations led by the two foreign ministers were also held at the Foreign Office. 

"Chinese State Councillor Yi underscored Beijing’s firm support to Pakistan’s socioeconomic progress and development," the FO spokesperson said. 

"China-Pakistan Economic Corridor (CPEC), economic cooperation, cultural and educational exchanges and regional situation were discussed during the meeting," the spokesperson added. 

Shah Mahmood Qureshi assured the Chinese minister of his country’s support of CPEC, reassuring that it was important for Pakistan’s socio-economic development. 

China’s Foreign Minister, Wang Yi, is on a three-day visit to Islamabad during which he is scheduled to meet the President, the Prime Minister, the National Assembly Speaker and the Chief of Army Staff (COAS).

Saturday, August 18, 2018

China reiterates supporting Pakistan on CPEC, deepening bilateral ties


By Masood Sattar Khan
(Pakistan News & Features Services)

China’s State Councilor and Foreign Minister, Wang Yi, has reiterated his country’s support to Pakistan for accomplishment of China Pakistan Economic Corridor (CPEC), a flagship project of Chinese President Xi Jinping’s Belt and Road Initiative (BRI).

"China is willing to support Pakistan to uphold its sovereignty and right to development and make joint efforts with Pakistan to boost the construction of the China-Pakistan Economic Corridor, as well as to deepen the bilateral all-weather strategic cooperative partnership," Wang said while meeting with Chairman, Senate of Pakistan, Sadiq Sanjrani, in Beijing. 

Pakistan has just held a successfully general election, Wang said, adding that he believes Pakistan's national construction would gain new achievements under the new government. 

Reciprocating the sentiments on behalf of government and the people of Pakistan, Chairman Senate, Sadiq Sanjrani, said that his country would always uphold the friendly policy towards China, a consensus that reached between the two sides.


The Chairman Senate, leading a 9-member parliamentary delegation, pointed out that the strengthening of relationship between the two countries is the cornerstone of Pakistan's foreign policy. 

"The new government is ready to work with China to push forward the construction of Belt and Road Initiative and the China-Pakistan Economic Corridor," Sanjrani was quoted as saying by the Chinese state media. 

The members of the delegation include Senators Mrs Nuzhat Sadiq, Sitara Ayaz, Muhammad Akram, Dilawar Khan, Kauda Babar, Muhammad Azam Khan Swati, Barrister Muhammad Ali Khan Saif and Mirza Muhammad Afridi. Secretary Senate, Amjed Pervez Malik. 

Earlier, the Chairman Senate and his delegation were accorded a warm welcome upon arrival at the airport. The Vice Chairman, Chinese Foreign Affairs Committee of the CPPCC National Committee, Han Fangming received the chairman and his delegation. 

Pakistan's Ambassador to China, Masood Khalid and other senior officials of Pakistan and China were also present on the occasion.

Special teams study China’s model of poverty reduction


By Masood Sattar Khan
(Pakistan News & Features Services) 

The newly elected Prime Minister of Pakistan, Imran Khan, who had cited examples of China's poverty alleviation programme during an interview with the Chinese media, has already moved in this direction by sending a special team to China for in-depth study of its poverty reduction model.

The globally-admired initiative which China had undertaken has enabled millions of people to escape from poverty and Pakistan’s new leadership also considers it a way forward in this regard. 

The representatives of the ruling party, Pakistan Tehreek Insaf (PTI), have already visited China's Yunnan province where the local government briefed them how they attained the poverty-reduction goals, said a report appeared in China.org.cn, a news web portal. 

Pakistan, one of the forefront countries supporting New China in its initial opening-up years, is today being repaid by assisting it in becoming a trade and economic hub on the Arabian Sea. 

The two countries are natural partners and support each other on matters of international politics and economy. That is why Imran Khan is now banking on the goodwill of the past for a stable and far-reaching cooperation in the future.

The new Pakistani government has a single major agenda of bringing the economy back on track. 

Imran Khan, whose political party emerged victorious in the country's recent election, appears ready for some drastic moves, and building on China's ambitious Belt and Road Initiative (BRI) is one of them. 

The China-Pakistan Economic Corridor (CPEC), a flagship BRI project, is the largest Chinese investment in Pakistan to date. Often termed a game changer, the US$62 billion mega-project involves a massive financial inflow into Pakistan to promote infrastructure, energy and trade development and create many jobs.

Imran Khan has promised continued support to CPEC involving all sectors of Pakistani society. While he has taken up the challenge of turning State-owned companies into profit-generating machines, his plan also has the potential of engaging private industry to ensure success for the CPEC.
 

The national cricket hero-turned-politician laid out his intentions for engaging with Pakistan's closest ally in an interview with the Chinese newspaper the Guangming Daily last month. 

He considers the CPEC as a medium and long-term project, pledging to guarantee the corridor's construction so that both Pakistan and China benefits. 

Imran Khan’s party has identified several areas where cooperation with China will be expanded. 

Clean energy is one area where his neighbour has achieved monumental success. After the industrial boom, China was faced with heavy pollution which had to be tackled by taking radical measures. 

The new Pakistani government also plans to focus on developing indigenous resources and promoting local value-addition approaches. 

This can be worked out by establishing more vocational training institutes in Pakistan and sending young people to China to acquire higher education and better skills. If this goes as plan, the indigenous resource pool will witness augmented benefits from engagement in CPEC projects.

Pakistan has immense manufacturing potential owing to ample availability of raw materials. As the incoming government looks to revitalize Pakistan's industry on modern lines, companies will eventually be looking for global consumption and should be ready for integration with various global supply chains. 

The CPEC and BRI specifically aim to achieve this. Being trade routes in the classical sense, they will provide transportation facilities that can help remodel local industry centers into globally-competitive economies. 

As proclaimed in Khan's election manifesto, he intends to focus on partnerships in development projects undertaken by Chinese entities. This will increase the transfer of knowledge to local firms, improve the skill level of the workforce and bring about sustained results. 

Joint ventures will be encouraged, which will also help Chinese companies to benefit from the local knowledge of their Pakistani partners.