Joint committee on cpec to ink industrial framework agreement on dec 20 – obortunity electricity font

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An official said a final version of the framework agreement on industrial cooperation had been shared with the Chinese side. electricity journal He said all the four provincial chief ministers, prime minister of Azad Jammu and Kashmir and chief executive of Gilgit-Baltistan would be part of the Pakistani delegation. The Pakistani side will attend the 8th JCC led by federal planning minister.

The committee also issued instructions to relevant agencies to finalise a schedule for the groundbreaking of Rashakai Economic Zone at the earliest by removing all bottlenecks. The KP government has already entered into an agreement with the China Road and Bridge Corporation (CRBC) for the development of Rashakai Industrial Zone in two years. The two sides, he said, would formally launch the Rashakai development project under which the Chinese firm would simultaneously launch a marketing campaign to attract investors.

The sources said the two sides are also expected to announce the financial close of $1.8 billion Lahore-Matiari Transmission Line and a Thar coal-based power project during the JCC meeting. The government had allowed in April this year an extension of 6-7 months in the deadline for financial close of these projects i.e. until Dec 1, 2018 which meant the projects would be required to achieve commercial operations by March 2021 instead of previous deadline of Aug 1, 2020.

Answer: Industrial cooperation is an important field of CPEC. It is of vital importance to the uplifting of the level of economic cooperation and the expansion of the space for industrial cooperation between our two countries. It carries huge potential and a bright future. In this regard, China has advantages in experience, technology, financing and industrial capacity, while Pakistan enjoys favorable conditions in resources, labor forces and market. f gas regulations By carrying out industrial cooperation, both sides will achieve mutual complementarity and win-win results.

Under the CPEC framework, the two sides have identified two industrial cooperation projects, namely Haier-Ruba Economic Zone (2006) phase II and Gwadar Free Zone. On 1st September, 2016, Ground Breaking Ceremony was held for the Gwadar Free Zone, which has drawn much attention from the business community. China Overseas Ports Holding Company Ltd. (COPHC) is constructing Gwadar Free Zone expeditiously. The Chinese side is willing to provide high-quality industrial capacities to Pakistan and encourage reputable Chinese companies to make an investment in Pakistan. Meanwhile, the Pakistani side is expected to carry out in-depth research on the locations of industrial zones and provide preferential policies and necessary services to mutually-agreed zones in this regard. Both sides will keep on communication with each other on the deepening of industrial cooperation, and hopefully, identify a series of win-win projects that can yield favorable economic and social benefits.

The Chinese Government decided to provide interest-free loans for the laying of Optical Fiber Cable from Rawalpindi to Khunjerab and construction started in April, 2016. Besides, the relevant Chinese company has finished the feasibility study on the utilization of Digital Terrestrial Multimedia Broadcast in Pakistan. The two countries are working on the Long-Term Planning of CPEC and its draft has been completed.

Answer: Situated at the southern end of CPEC near the ocean mouth, Gwadar port is an important project of the CPEC. In order to improve the operational capacity of the port, China Overseas Ports Holding Company Ltd. (COPHC) has carried out repairs and up-gradation of the port facilities, and now the port has restored its designed capacity. Cargo liners are visiting the port every month since mid-2016. On November 13, 2016, ceremony for CPEC Pilot Project, First Trade Convoy at Gwadar Port was held. During this activity, a China-Pakistan joint convoy of trucks took goods from both countries to Gwadar port. This is the first time that a trade convoy successfully passed through the western part of Pakistan from the north to the south. electricity nightcore lyrics This is the first time that Gwadar Port is exporting a large number of containers to overseas destinations. electricity projects ks2 This is the first time that China and Pakistan co-organized trade convoy through Pakistan to Gwadar Port.

China and Pakistan are actively promoting the East Bay Expressway project and the New Gwadar International Airport project. Both sides are working together to develop a Gwadar smart port city master plan. Efforts are being made to improve the livelihood of the local people, particularly the construction of educational and medical projects such as China-Pakistan Friendship Primary School in Faqeer, Gwadar, Gwadar Hospital, Gwadar Vocational College, and Water Desalination Plant. Faqeer Primary School has become the first project completed under CPEC.

Answer: As a large and systematic project, which covers 2013-2030, CPEC needs joint and unremitting efforts from governments, companies and all social sectors of China and Pakistan. In the process of its construction, both sides agreed on the principles of scientific planning, step by step implementation, consensus through consultation, mutual benefit and win-win results, as well as ensuring quality and safety. Both sides agreed to make the list of prioritized or early harvest projects as well as the long-term plan for CPEC.

The prioritized or early harvest projects mean the projects which will be completed before 2018 or 2020 (for hydropower projects). CPEC is a vision with the long-term planning up to 2030. In the process of planning and construction of CPEC, both sides agreed that the governments of the two countries should play the guiding role, and the companies as market entities should make an investment in line with market rules. Both the governments and the companies, with a clear division of work as well as collaboration, could work together to promote CPEC with constant progress.

Answer: China-Pakistan Economic Corridor (CPEC) is a major and pilot project of the Belt and Road Initiative which is proposed by Chinese President Xi Jinping. gas 0095 CPEC has become the framework and platform for comprehensive and substantive cooperation between China and Pakistan. CPEC is the important consensus reached by the leaders of both countries. The leaders of our two countries have attached great importance as well as rendered active promotion to the construction of CPEC. It has also won across-board support from the political parties and peoples of our two countries, which provided profound and solid public support for CPEC.

In May 2013, Chinese Premier Li Keqiang proposed the initiative of CPEC during his visit to Pakistan, which immediately got positive response and support from the Pakistani government. In July 2013, during Prime Minister Sharif’s visit to China, an MOU was signed to start work on CPEC. Up to now, a series of major projects are being implemented in a steady manner, and are under smooth construction in general. CPEC has gradually entered into the state of full implementation from planning, which is playing an increasing role in leading and promoting the bilateral substantive cooperation between China and Pakistan.

CPEC is of great significance to the development of China-Pakistan all-weather strategic cooperative partnership and the building of the community of shared destiny between China and Pakistan. CPEC will provide new opportunities, new vision as well as new impetus to China-Pakistan relations. CPEC is facing Pakistan as a whole and will bring benefits to Pakistani people. gas pump heaven It will effectively promote the economic and social development of Pakistan. The construction of CPEC will enhance connectivity and integration of development strategies of China and Pakistan, which is in the fundamental interests of our two peoples. Both sides are committed to building CPEC and completing a number of major projects with high quality and on schedule, so as to achieve win-win results and bring benefits to people in China and Pakistan as well as other countries in the region.