Pakistan’s Prime Minister Imran Khan is expected to visit Beijing in early February. The visit is aimed at fast-tracking progress on China-Pakistan Economic Corridor (CPEC) projects and further strengthening ties between the two strategic partners. This will be the Pakistan premier’s fourth visit to China after his last visit in October 2019. Chinese President Xi Jinping cancelled all his official...
Construction of China-Pakistan Economic Corridor (CPEC) & Special economic zones is a catalyst for Pakistan’s industrialization. Besides, economic growth, people would also see millions of jobs opportunities through industrialization of these Industrial Special Economic Zones. At a meeting of 7th Board of Approvals (BoA) of the Board of Investment (BoI) chaired by the Prime Minister Imran Khan,...
Pakistan Government has finalized and approved the 'Gwadar Smart City Master Plan' under CPEC plans. The master plan has been prepared by the Chinese state-owned company China Communications Construction Company along with Pakistan’s Minister of Planning and Development, and Gwadar Development Authority. According to reports, Gwadar’s economic output is expected to exceed $30 billion, while...
The Rashakai SEZ, launched by the Prime Minister Imran Khan in May 2019, is the first CPEC industrial cooperation flagship project. Concession Agreement between KPEZDMC and Chinese developer corporation has been signed in April 2019. Development agreement has been signed on 14th September, 2020. Groundbreaking of the SEZ is planned during the high-level visit of Chinese President to...
The government of Pakistan has reduced interest rate by 90% for low-cost houses, while the banks are providing loans on 5% mark-up for 5 marla houses and 7% for 10 marla houses. For this purpose, the loans are being provided by various banks which have also established special desks named “Mera Pakistan Mera Ghar” to facilitate the customers for availing loans and providing information regarding...
The Pakistan Railways on Monday announced to partially resume Karachi Circular Railway (KCR) from November 16 in phases. According to a railway spokesperson, Karachi Circular Railway (KCR) is being restored in phases from November 16. Initially, KCR will run from Pipri to Landhi and Orangi town The first phase shall see the trains start at Pipri Station and pass through the Landhi, Malir, Drigh Road,...
Prime Minister Imran Khan along with Chief Minister Punjab Usman Buzdar would soon perform the ground-breaking of Rawalpindi Ring Road (RRR / R3) project. Chairman Rawalpindi Development Authority (RDA) Tariq Mehmood Murtaza said that an amount of Rs6.2 billion has been released for land acquisition of Rawalpindi Ring Road (R3) project. He expressed these views while addressing the business community at...
Builders and developers can save around six times on taxes if they register under the Prime Minister Imran Khan's construction package as it has a fixed regime. “This saving on tax will add up to whatever profit you make,” explained the FBR’s Abdul Hafeez while addressing them at a seminar on the ‘PM’s Package on Naya Pakistan Housing Scheme’ at the Association of Builders and Developers...
ECNEC has approved the Main Line-1 (ML-1) project, the largest railway project in the history of Pakistan. The project was delayed from 2016 to 2018, and during this time, apart from difficulties in arranging financial arrangements for the project, approval from MOPDR, CDWP, ECNEC could not be obtained. ایکنک نے مین لائن ون (ایم ایل ون) منصوبے کی منظوری دے دی...
The construction of China-Pakistan Economic Corridor (CPEC) and special economic zones is a catalyst for Pakistan’s industrialization. CPEC is promoting the transfer of China’s manufacturing industry to Pakistan and pushing Pakistan’s development onto a fast track. So far, remarkable success has been achieved in the CPEC development. The construction of corridor projects is progressing well. In the...
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