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China will continue to support Pakistan in stabilising its financial situation

BEIJING: China will continue to support Pakistan in stabilising its financial situation, state media quoted China's President Xi Jinping as saying on Wednesday, during a visit by Pakistan's Prime Minister Shehbaz Sharif to Beijing.


China's central bank and the National Bank of Pakistan have signed a memorandum of cooperation recently for the establishment of RMB clearing arrangement in Pakistan, in a bid to facilitate the use of RMB for cross-border transactions by enterprises and financial institutions in both countries, the People's Bank of China (PBOC) said on Wednesday.


China and Pakistan should also move forward more effectively with the construction of their economic corridor, as well as accelerate the construction of infrastructure for the Gwadar Sea Port, Xi told Prime Minister Shehbaz Sharif during their meeting at the Great Hall of the People.

China has been involved in major mining and infrastructure projects in Pakistan, including the deep-water Gwadar port, all part of the $65 billion China-Pakistan Economic Corridor (CPEC).

Xi added that the countries should work together to create conditions for the early implementation of the Mainline-1 (ML-1) railway upgrading project and the Karachi Circular Railway project.

China will also export technology for a 160 km/h high-speed railway train to Pakistan, state broadcaster CCTV said on Wednesday.

The developments and projects in Pakistan, a longtime Chinese ally, are part of Xi's Belt and Road Initiative (BRI) to improve China's road, rail and sea routes with the rest of the world.

China welcomes Pakistan to expand high-quality agricultural exports to the country, and is willing to deepen cooperation in areas including the digital economy, e-commerce, photovoltaic and other new energy sources, Xi said.

Shehbaz was one of the first leaders to meet Xi since he secured in October a third term as leader of the ruling Communist Party.

APP adds

Meanwhile, Pakistan's state media APP reported that President Xi assured continued support for Pakistan’s sustainable economic and strategic projects including the Main Line-1 (ML-1) rail track and announced an additional assistance package of RMB 500 million for the country’s flood relief efforts.

In a meeting held at the People’s Great Hall, the two leaders reaffirmed their mutual commitment to CPEC, and agreed that as a project of strategic importance, both sides would make joint efforts to “launch the ML-1 as an early harvest project under the CPEC framework”.

Both leaders also acknowledged the need for a mass-transit project in Karachi and agreed to finalise all formalities for the early launch of the Karachi Circular Railway.

The two leaders discussed cooperation across a range of issues, including defence, trade and investment, agriculture, health, education, green energy, science and technology, and disaster preparedness.

The two leaders exchanged views on the rapid transformation in the international environment, which had exacerbated economic challenges for developing countries.

They agreed that contemporary challenges like climate change, health pandemics, and growing inequalities needed unqualified cooperation among states, in accordance with the purposes and principles of the United Nations Charter.

Prime Minister Shehbaz and President Xi also acknowledged that a peaceful and stable Afghanistan would promote regional security and economic development and agreed that CPEC’s extension to Afghanistan would strengthen regional connectivity initiatives.

The prime minister also extended a warm invitation to President Xi to visit Pakistan at an early date, which the latter accepted.
 
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PM Shehbaz, Chinese President Xi agree to strengthen cooperation on CPEC, strategic partnership​

November 2, 2022

BEIJING, Nov 2 (APP): President Xi Jinping, in a meeting with Prime Minister Shehbaz Sharif on Wednesday, assured China’s continued support for Pakistan’s sustainable economic and strategic projects including the Main Line-1 (ML-1) rail track and announced an additional assistance package of RMB 500 million for the country’s flood relief efforts.

In a meeting held here at the People’s Great Hall, the two leaders reaffirming their mutual commitment to China Pakistan Economic Corridor (CPEC) agreed that as a project of strategic importance, both sides would make joint efforts to “launch the ML-1 as an early harvest project under the CPEC framework”.

Both leaders also acknowledged the need for a mass-transit project in Karachi and agreed to finalize all formalities for the early launch of the Karachi Circular Railway.

They also appreciated the signing of a number of agreements covering a broad range of bilateral cooperation during the visit.

PM Shehbaz Sharif congratulated President Xi on his reelection as General Secretary of the 20th Central Committee of the Communist Party of China. He also thanked him for China’s invaluable assistance to Pakistan’s relief, rehabilitation and reconstruction efforts in the wake of the devastation caused by super floods in the country.

The two leaders reviewed the progress in Pakistan-China bilateral relations and exchanged views on regional and global issues of mutual interest. They reaffirmed their commitment to the All-Weather Strategic Cooperative Partnership between the two countries that has withstood the test of time. The two nations have stood firmly side by side, in realizing their shared vision of peace, stability, development and prosperity.

Reaffirming Pakistan’s unique historic ties with China and the salience of bilateral friendship for regional peace and stability, Prime Minister Shehbaz strongly emphasized that Pakistan-China friendship enjoyed complete consensus across the political spectrum in Pakistan and was a model of inter-state relations.

Paying tribute to President Xi’s leadership for China’s prosperity and his vision for strengthening bilateral relationship, the prime minister said that Pakistan drew inspiration from China’s socio-economic development and national resolve to the country’s progress and prosperity.

The two leaders discussed cooperation across a range of issues, including defence, trade and investment, agriculture, health, education, green energy, science and technology, and disaster preparedness.

The two leaders exchanged views on the rapid transformation in the international environment, which had exacerbated economic challenges for developing countries. They affirmed their shared belief in dialogue and cooperation based on equality and mutual benefit as critical for global peace and prosperity.

They agreed that contemporary challenges like climate change, health pandemics, and growing inequalities needed unqualified cooperation among states, in accordance with the purposes and principles of the United Nations Charter. There was complete unanimity of views between the two leaders.

Prime Minister Shehbaz Sharif and President Xi Jinping also discussed key issues, pertaining to the region including the situation in Indian Illegally Occupied Jammu and Kashmir (IIOJK) and in Afghanistan.

Both leaders acknowledged that a peaceful and stable Afghanistan would promote regional security and economic development and agreed that CPEC’s extension to Afghanistan would strengthen regional connectivity initiatives.

The prime minister also extended a warm invitation to President Xi for visiting Pakistan at an early date, which the latter accepted graciously.
 
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At his weekly news briefing in Islamabad today, Foreign Office Spokesperson Asim Iftikhar said ," There is a renewed focus on the corridor’s infrastructure project.

He said it has been agreed to fast track implementation of ML-1 and Karachi Circular Railway projects. He said the mega project is aimed at socio economic development not only of Pakistan, but also the region and beyond.

The spokesperson said China will also provide three hundred thousand metric tonnes of Urea to Pakistan to support the country’s agricultural production.

Responding to a question, the Spokesperson said China’s position on Kashmir dispute has been consistent and very clearly articulated including in the recent joint statement signed during the visit of Prime Minister Shehbaz Sharif to Beijing.
 
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ISLAMABAD-Pakistan and China have agreed on enhancing cooperation for export promotion under the umbrella of China Pakistan Economic Corridor (CPEC) for meeting Pakistan’s ambitious export target of up to $250 billion in two phases.

The federal government has set an ambitious target for Medium-Term Export Roadmap (MTER) to speedily enhance Pakistani exports to the world to $100 billion in the first phase and to $250 billion in second phase, official documents available with The Nation revealed. Interestingly Pakistan had achieved an export target of $31.8b during last 75 years, and now wants to enhance it to $100b within next five years, and to $250b in the second phase of MTER. The enhancing of cooperation for export promotion under CPEC has been agreed between China and Pakistan.

The Ministry of Planning, Development & Special Initiatives has drafted an MoU aiming to enhance Pakistani exports in Phase-1 to $100 billion within a period of five years. The memorandum of understanding (MoU) aims to strengthen the mutual cooperation under CPEC through a dynamic arrangement focusing on the promotion of Pakistani exports.

Under the MoU, both the countries to work and collaborate to develop a holistic Medium-Term Export Roadmap (MTER) to speedily enhance Pakistani exports to the world to $100 billion in the first phase and to $250 billion in second phase. It has been agreed to set up a Sub-Working Group under the existing CPEC Long Term Plan Joint Working Group (JWG) framework consisting of leading public and private sector experts to conceptualize and materialize the MTER.

The JWG will evaluate the existing trade, industrial, and investment policies and work on tradable sectors which can contribute to the MTER targets.
 
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China helps 35 Pakistani students to become e-commerce owners​

Students were also taught Chinese language along with ways to access world’s biggest market with minimum investment

News Desk
November 22, 2022

photo express

PHOTO: EXPRESS

With the mutual cooperation of Islamabad and Beijing, a total of 35 Pakistani students have been able to become owners of e-commerce companies in the country.

According to Express News, in order to inculcate the immaculate Chinese business expertise amongst the Pakistani students, a number of courses regarding e-commerce were offered to them.

With the help of Hunan Chemical, Vocational and Technical College, the first course was offered at Dawood University of Engineering and Technology (DUET). As a result of which, 35 Pakistani students learned e-commerce business and became owners of companies on the Belt and Road Initiative (BRI) e-commerce platform.

The students were also taught the Chinese language along with ways to access the Chinese market with minimum investment.

DUET Vice-Chairman Dr Faizullah Abbasi said with the help of Lanzhou University,, the second round of courses is about to be introduced soon in order to enhance the BRI project between Pakistan and China.

“We are working with the education department of Gansu province and Lanzhou University in order to introduce the online BRI e-commerce classes,” he added.

The VC also said that the initiative will help in eliminating unemployment in Pakistan as well as opening up new foreign employment opportunities for students.
He further added that it will also enhance ties between the educational institutions of both nations.

On this occasion, the founder of EduCast Abdullah Butt said that in the next two years, a total of 10,000 Pakistani students will be given e-commerce training in the country.

Sindh Technical Board Chairman Dr Masroor Sheikh said that a total of three e-commerce courses are being offered and the duration of the courses is three months each. The module of the classes is to attend 32 hours of online and 32 hours of physical classes in order to complete the course.

He further added that students from all over Pakistan can get themselves enrolled in this programme after completing matriculation. The students will not only be taught the Chinese language and culture but also the pertinent Chinese laws and other business opportunities.
 

Pakistan culture day celebrated in Beijing with colorful style​


By Staff Reporter | China Economic Net Nov 19, 2022



Pakistan culture day celebrated in Beijing with colorful style
BEIJING, Nov.19 (China Economic Net)- The annual International Culture Day of the Pakistan Embassy College (PECB) was successfully celebrated in Beijing with colorful Pakistani styles today.
The event was dedicated to the celebrations of the 75-year of independence of Pakistan. A part of the proceeds collected during the event would also be donated to the flood victims of Pakistan.
Ambassadors and senior diplomats, officials, media representatives and students along with their families participated in this cultural gala. Around 27 countries had set up their national stalls to exhibit their cultural handcrafts, products and traditional cuisine. Cultural performances of various countries were also presented which were enjoyed by the guests.
In his address at the event, the Ambassador of Pakistan to China, Moin ul Haque appreciated the school management and the students for the successful organization of the event which had become PECB’s signature and popular event for the diplomatic and international community in China.
He noted that PECB was the first and the oldest international school in Beijing dedicated to imparting high-quality education to children of the expatriate community.
He said that students are the future leaders of our nations and encouraged them to continue their studies with diligence, determination, and honesty.

 
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On 18th November 2022, the team of LONGi was invited to the Centre For Speech and Hearing in #Mardan to attend the ribbon-cutting ceremony for the donation of a 21KW Solar power system from LONGi. The students and teachers warmly welcomed the team.

The solar system using LONGi 545M panels will produce enough electricity for the 205 students and 30+ staff, the system will also help solve the issue of load-shedding at the Centre, creating a better environment for the students to receive an education.

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Pakistan, China agree to work together for disaster preparedness​

November 16, 2022



ISLAMABAD: Pakistan and China have agreed to jointly increase the capacity of disaster preparedness and response to climate change.

A team of experts from China Meteorological Administration (CMA) has conducted the post-disaster assessment work in Pakistan and decided to further reinforce cooperation with the Pakistan Meteorological Department (PMD) for technical exchanges, according to a press release.

The 11-member team from the CMA carried out in-depth consultations to assist Pakistan in flood control.

CMA’s meteorological disaster risk expert, Gao Ge has said the CMA has been monitoring the occurrence of monsoon floods in Pakistan since June and collaborating with the PMD for flood monitoring and analysis and weather forecast.
The team travelled to Sindh, the most affected province due to floods, and collected information about the floods and shared flood control and disaster preparedness experience.

Meanwhile, Asian Development Bank (ADB) has initiated the process to rehabilitate roads, irrigation systems and communication infrastructure in flood-hit areas.

The ADB will rehabilitate a section of national highway (N5) between Sukkur and Hyderabad and bridges on national highways across Sindh, Balochistan and Khyber Pakhtunkhwa.

The ‘Emergency Flood Assistance Project’ (EFAP) has been initiated with assistance from Japan Fund for Poverty Reduction.

According to the project details, 400km of highways and district roads will be rehabilitated and reconstructed in Sindh.

Moreover, 85km of N-5, the busiest national highway between Sukkur and Hyderabad, and about 30 bridges of various types on national highways in Sindh, Balochistan and KP will also be rehabilitated.

The irrigation and drainage systems damaged by floods and the risk management infrastructure will be rehabilitated and reconstructed in KP and Balochistan, according to the project details.
 
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China ready to work with Pakistan to ensure regional peace: Chinese Defense Ministry Spokesman​

November 25, 2022




BEIJING: China is willing to work with the Pakistani side to deepen cooperation in military training, joint exercises and military technology between the two militaries and contribute new strength to maintaining regional peace and stability, Chinese Defense Ministry Spokesman, Wu Qian said on Thursday.

“We are willing to work with the Pakistani side to earnestly implement the important consensus reached by the leaders of the two countries and maintain the momentum of high-level exchanges and visits between the two militaries, deepen cooperation in military training, joint exercises, military technology and other fields,” he said during his briefing held here.

He said that the Chinese side would also work with the Pakistani side to continue to push bilateral pragmatic cooperation in various fields to a new level, inject new impetus into the all-weather strategic cooperative partnership between the two countries, and contribute new strength to maintaining regional peace and stability.
The spokesman remarked that China and Pakistan were good friends, good partners and good brothers.

“Under the strategic guidance of the leaders of the two countries, the two countries have always supported each other and forged ahead, demonstrating the “iron core” friendship between China and Pakistan,” he added.

He said that the military relationship between the two countries was an important pillar of bilateral relations.

“In recent years, the two sides have continuously strengthened strategic coordination, deepened practical cooperation in various fields, enhanced their ability to jointly cope with various risks and challenges, and firmly maintained regional peace and stability,” he added.
 
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“With the implementation of new financial currency arrangement by converting Chinese currency “RMB” directly into Pakistan rupee without involving the US dollar” says Liao Longtai.

China's investors can save 0.5 million Pakistan rupee on every transaction of Rs. 10 million.


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POWERCHINA distributing books, stationery to students​


By Tahir Ali | Gwadar Pro Nov 25, 2022



POWERCHINA distributing books, stationery to students

Photo by POWERCHINA social media team.
KARACHI: To equip the local youth with tools of education, the Power Construction Corporation of China (POWERCHINA) in Pakistan, has distributed various books, stationery, etc. amongst 20 students.
The students hail from the nearby areas of Artistic 50MW Wind Power Project, Thatta Sindh.
According to an official statement, during the construction of the wind farm, POWERCHINA has actively helped improve the conditions of local schools in Pakistan. “The Staff has brought various books, stationery, and daily necessities to 20 students of the elementary school,” reads the statement. A boy named Israr couldn’t help smiling when receiving the necessities, and shyly whispered to the volunteers: “Shukriya, Shukriya”, which means “Thank you”, according to the statement.
POWERCHINA has built more than ten schools in Pakistan, held volunteer activities, supported teacher recruitments, and helped hundreds of children return to school.
 
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