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Revised FTA with China ‘silver lining’ for Pakistan

ISLAMABAD: 

Experts have urged the government to build the country’s export capacity in order to cater to the demand from Chinese markets at competitive prices, amid finalisation of second phase of the free trade deal between Pakistan and China.

At a seminar on ‘Pakistan-China Free Trade Agreement (FTA): Where we are and where we are going?’ on Monday, they termed the FTA a silver lining for Pakistan’s economy and a splendid opportunity for both countries.

Speaking on the occasion, Chinese Embassy Economic and Commercial Section Minister Counsellor Wang Zhihua said though the trade volume between Pakistan and China had increased over the years, the trade imbalance remained the biggest challenge. “The main reason behind the trade imbalance between the two countries is of structural nature, where China has a strong manufacturing base to export goods as compared to imports,” he remarked.

Wang said the finalisation of the second phase of FTA between the two countries on the sidelines of the second Belt and Road Forum would help resolve such issues and further strengthen bilateral trade ties.

He argued that as per FTA phase two, China had agreed to eliminate duties on more than 300 products, especially in the agriculture sector, where Pakistan had the potential to expand its export basket. “We hope that the government will adopt a new industrial policy at the earliest to help improve business environment and ease of doing business,” he said, adding that it would also help Chinese investors bring more investment.

Published in The Express Tribune, August 6th, 2019.

 

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China’s century? Chinese companies dominate Fortune 500 list

China has overtaken its trade war rival, the US, for the first time in a new list of the world’s largest companies by revenue. Since the Global 500 debut in 1990, the list has, until now, been dominated by American firms.

As the world balance of power shifts, Chinese companies took 129 spots, including 10 Taiwanese companies, while the US came second with 121 American businesses included in the list released by Fortune on Monday.

The veteran of the rankings, Walmart, secured the top position for the sixth consecutive year, and for the fourteenth time since 1995, having generated more than $500 billion in revenue. The US retail giant is followed by China’s largest state-owned oil and gas company Sinopec Group, whose sharp gains in both revenue and profits last year managed to dodge geopolitical headwinds amid the simmering trade war between Washington and Beijing.

Royal Dutch Shell, which netted around $396.556 billion, secured the third spot. Two more places in the top 5 are occupied by Chinese state-owned firms, China National Petroleum Corp (CNPC) and power-supplier State Grid with $392.976 billion and $387.056 billion in revenue respectively.

Despite Chinese companies surpassing US firms by number, they are still behind in terms of total revenues, accounting for 25.6 percent of the Global 500 total, compared with 28.8 percent for the US. The total revenue for all companies named in the list amounts to $32.7 trillion, 9 percent more than a year before, and equal to more than one-third of the world’s GDP.

Among the 25 newcomers was Saudi Aramco, that was recently revealed as the world’s most profitable company. Out of 25 newly added companies, 13 are from China, including China Development Bank, train manufacturer CRRC Corp, home appliance giant Zhuhai Gree Electric Appliances Co, and smartphone maker Xiaomi, which is the youngest firm on the top 500 list in 2019.

Source: RT

Date: 23rd July, 2019

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CPEC: The new world economic order

China’s Belt and Road Initiative (BRI) with its flagship project the China-Pakistan Economic Corridor (CPEC) has received enormous attention globally. Through BRI, worth over one trillion dollars, Beijing aims to increase China’s connectivity with countries in Asia, Africa, Europe, South America and even the Pacific. CPEC is one of the first BRI projects through an investment of $63 billion in infrastructural and other projects across Pakistan. The Gwadar Port is CPEC’s centrepiece. As some countries, such as the United States and India, have apprehensions on the BRI/CPEC, there is no shortage of false or propaganda-driven information about these projects. With the aim of providing factual information on CPEC, the book CPEC: A Precursor to Regional Economic Growth and Stability, edited by Professor Zafar Iqbal Cheema, is a step in the right direction.

Comprising of a dozen chapters, this edited volume provides timely analyses of a range of geo-economic and geopolitical issues in the context of CPEC. Various chapters of the book are written by prominent experts from China and Pakistan. This book is a product of the Strategic Vision Institute’s China Studies & Information Centre based in Islamabad.

For the benefit of readers, the book is divided into four thematic sections. The first section focuses on CPEC within the Pak-China framework with chapters written by QuratulainHafeez, Hassan Dawood Butt, and M Waqas Jan. These chapters provide a comprehensive account of the historic relations between China and Pakistan and focus on geo-economic and geo-strategic aspects of CPEC.

While the first chapter comprehensively deals with the background of Pakistan-China relationship, the second chapter by Butt argues, “The overarching vision of CPEC not only includes Pakistan’s economic well-being through regionals trade but also allows it to position itself as a key regional hub for connecting diverse cultures and societies.” In the final chapter of section one, Jan presents an inclusive analysis of Gwadar and the Gwadar Port. By examining the socio-economic situation of Gwadar, the author argues, “Gwadar holds immense potential in uplifting the socio-economic conditions of a stagnant region.”

Pakistan is likely to be strategically and militarily strengthened, diplomatically integrated, technologically more advanced and socially more synthesised with China” through CPEC

Section two of the book benefits from detailed chapters by Syed Hassan Javed, Song Guoyou and Liu Jun who focus on not just the BRI but also China’s economic rise. Javed presents a comprehensive account of China’s economic model with an analysis of the role of the Communist Party. This chapter follows Song’s examination of the grand vision behind the BRI vis-à-vis regional integration. In this chapter, the author from China claims that the BRI is not merely limited to investment in infrastructural development because “the end goal of this massive initiative is to foster a joining of hearts and minds of a diverse range of people.”

Source: Daily Times

Date: August 1, 2019

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China to help Federal Board of Revenue reduce misdeclarations

ISLAMABAD: Pakistan and China have decided to enter into an agreement to control misdeclaration at the country’s ports as the menace has been causing massive revenue losses and hurting foreign investment.

The decision comes at a time when the government is taking measures to control corruption within the customs department systematically.

“We have authorised Pakistan’s ambassador to China Naghmana Hashmi to sign the draft Memorandum of Understanding (MoU),” said the Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Monday.

The draft for the MoU was prepared by China’s State Administration of Taxes to enable tax authorities from both Islamabad and Beijing to share data and learn from each other’s best practices.

China has come a long way in controlling misdeclaration at ports. According to some estimates, at one stage, total misdeclaration at Chinese ports had reached $7-8 billion per annum however that number has decreased significantly over the years.

Both Pakistani and Chinese customs authorities have yet to agree on the variations of their reported figures.

The misdeclarations are usually of three kinds: value of goods, description (Pakistan Customs Tariff heading) and weight. It can also occur by availing wrong exemptions.

The FBR chairman told Dawn that under the proposed agreement, China will provide on the spot information regarding exports to Pakistan. “This cooperation on government to government level will help control 1misdeclaration,” Zaidi hoped.

The local markets are flooded with misdeclared imported goods. An internal review of the customs department has identified a wide margin of misdeclaration in value and quantity of imported goods from China, a senior customs officer told Dawn.

“Entry of goods into the markets without passing through proper channels is not possible without the connivance of customs officers”, he said while adding that the data has been shared with the Chinese authorities for reconciliation.

“We will tackle this menace through automation”, the chairman said, adding that these illegal goods are now being sold in every market across the country.

China is sharing data with Pakistan in a very limited way on products covered under the free trade agreement on quarterly basis. “We need this sharing of data on the spot to control the misdeclaration”, the chairman said.

The FBR had initiated action against misdeclaration after data from Web-Based One Customs System Glo (WeBOC-Glo) was analysed.

The data showed around 62 per cent of the total 69,000 goods declarations showed differences in assessed value and declared value of goods. On the other hand, around 21pc of the misdeclarations were made in weight and quantity.

Published in Dawn, July 30th, 2019

Author: Mubarak Zeb Khan

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Huawei plans $170mln investment in Pakistan

ISLAMABAD: Chinese multinational technology company Huawei Group on Wednesday unveiled $170 million investment plan to set up its regional headquarters and upgrade technical support centre in Pakistan.

Huwaei Group Vice President Mark Xueman said Pakistan is a strategic market for the company. “The company will invest around $100 million in the country this year,” Xueman said during a meeting with Minister for Planning, Development and Reform Khusro Bakhtyar.

“Huawei will also set up a regional headquarters in Islamabad at a cost of $55 million that will create job opportunities for young engineers in Pakistan.” Huawei’s official further informed the minister that the company would also invest $15 million more in its technical support centre and it will also hire more workforce for the centre, taking the number of its staff to 800 from 600 this year.

“Huawei is eager to initiate more projects in Pakistan on grant funding from Chinese government,” Xueman said. Huwaei Group Vice President was leading a delegation of businessmen. Minister Bakhtyar assured the delegation of all cooperation in future joint ventures.

Planning minister, while appreciating the company’s continued engagement in the country, said the leading technological company could support the development and upgrading of information and technology sector in Pakistan.

Chinese government initiated $62 billion worth of infrastructure development projects under the China-Pakistan Economic Corridor (CPEC) framework. Most of the projects pertain to energy sector. While the first stage of CPEC has almost completed, the next stage focuses industrial developments.

Pakistan is fast-growing telecom market with subscribers of mobile phones having crossed the 160 million mark compared with the country’s population of 210 million. Of total subscribers, 68 million use 3G/4G. There are 70 million broadband subscribers.

The country imports millions of dollars of mobile phones to meet the local requirements with manufacturing and assembling of handheld devices not present in the country. Planning minister said Huawei has 25 percent share in the country’s mobile industry and is also the top taxing paying Chinese company in the country.

The minister appreciated Huawei’s engagement with the Higher Education Commission for smart schools project, providing latest information and communications technology equipment.

Bakhtyar underlined a need of exploring new business models for future projects and joint ventures in the country. “Huawei can contribute to the e-governance initiative as well in centralising data to improve efficiency and productivity.”

The minister said Huawei could support IT start-up projects to benefit the youth in this important sector. Secretary Planning Zafar Hasan, Project Director CPEC Hassan Daud and senior officials of the ministry were also present at the meeting.

Source: The News

Date: 18/7/2019

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Pakistan’s CPEC affords good opportunities for M’sian businesses, says high commissioner

Malaysian business communities and key players are urged to seize the opportunities offered within Pakistan’s market, specifically the China-Pakistan Economic Corridor (CPEC) project.

Malaysian High Commissioner to Pakistan, Ikram Mohammad Ibrahim, said the CPEC project — a 15-year master plan under the “One Belt, One Road” (OBOR) initiative — is a chance for local businessmen to look into, and penetrate, the market which includes roads and railways that would stretch from the Western Chinese city of Kashgar in China’s Xinjiang province to Pakistan’s second-largest port of Gwadar.

“Ever since the recent governments’ changes and exchanges of the head of states’ visits, the countries are now moving to a greater level of partnership and cooperation.

“The CPEC megaproject is a huge market opportunity that could not be missed by Malaysian business players. This is where the Malaysia-Pakistan Business Council (MALPAK) should play their big role in facilitating business meetings and help to boost the business linkages on both ends,” said Ikram to Bernama International News Service at the Pakistan-Malaysia Business Opportunities Conference (BOC), here, today.

The BOC gathered more than 300 participants — including about 150 Malaysian companies — representing various sectors including tourism, pharmaceutical, chemical, plastic, textile, surgical goods, furniture and construction.

Organised by the Rawalpindi Chamber of Commerce and Industry (RCCI), a business chamber from Pakistan, the BOC is a prelude to the Chamber’s 32nd Achievement Award ceremony scheduled for tomorrow night, with Prime Minister Tun Dr Mahathir Mohamad as the guest of honour.

Concurring with Ikram, Pakistan’s Charge d’Affaires to Malaysia, Atif Sharif Mian, said CPEP would continue to create more joint investments in the long run.

“In terms of Pakistan’s context, the project is a US$40-50 billion (RM165-RM207 billion) investment and it is going to upgrade all the infrastructures as well as across other (sectors of) Pakistan’s economy. It is a big corridor and definitely will bring in more traffic for investments.

“Malaysia, in this regard, is globally known as good at providing services and expertise on railways, roadways and construction, thus the country can also invest in this project,” said Atif.

Aimed at increasing regional connectivity for the economic development of Pakistan and China, the economic corridor is also reported to benefit Iran, Afghanistan, India and the Central Asian region.

Earlier in his welcoming speech of the event today, Atif said Malaysia and Pakistan could do more to increase and enhance the bilateral ties shared to date.

“The focus of the BOC today is also to promote and engage the private sectors from both sides because at the end of the day, though governments have helped to facilitate the efforts, it is the private sectors that would need to find opportunities for increasing trade and investments’ purposes,” he said.

Total trade between Malaysia and Pakistan stood at RM5.91 billion last year, an increase of 2.5 per cent compared to RM5.76 billion in 2017.

Pakistan is Malaysia’s third-largest trading partner in South Asia.

The diplomatic relations between Malaysia and Pakistan were established in 1957. — Bernama

Source: https://www.malaymail.com/news/money/2019/07/08/pakistans-cpec-affords-good-opportunities-for-msian-businesses-says-high-co/1769433

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SEZ under CPEC may be inaugurated by month-end

The inaugural session of Rashakai Special Economic Zone, under the China-Pakistan Economic Corridor (CPEC) is expected to be held by the end of July, sources in the Board of Investment (BoI) said. An investment worth $138 million is expected from China in this industrial zone and it is among three SEZs which will be developed within next two years.

The BoI will focus on the development of three SEZs – Rashakai Economic Zone, M-1, Nowshera, China Special Economic Zone Dhabeji and Allama Iqbal Industrial City (M3), Faisalabad in the next two years. China agreed to facilitate operationalisation of at least one SEZ under CPEC as Pakistan is yet to show progress on the remaining zones. Among the Memoranda of Understanding (MoUs)/agreements signed between Pakistan and China on the conclusion of Prime Minister Imran Khan’s second visit to China in April, joint venture and license agreements were also signed between Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and China Road and Bridge Corporation (CRBC) for cooperation in operationalising Rashakai SEZ in Khyber Pakhtunkhwa. The two are engaged in the final stages of finalizing and signing the concession agreement, following which the ground breaking of the project will take place. While the concession agreement has been finalized however utility services to the zone are yet to be provided.

Pakistan had requested China’s cooperation in developing at least one SEZ. Rashakai Industrial Zone in Nowshera would consist of 1,000 acres of land and focus on fruit, food packaging and textile stitching/knitting. There is a requirement of 209 MW of electricity and 30 mmcfd gas for this SEZ. The first SEZ at Rashakai will be inaugurated during the current month, where 20 factories would be set up initially.

Dhabeji Industrial Zone also consists of 1,000 acres of land and would target foundries, steel, building material, petrochemical, automotive and allied, light engineering, textile and garments etc. It requires 200MW electricity and 15 mmcfd gas. The sources said that more than 790MW electricity and 200 million cubic feet per day (mmcfd) gas will be required for nine SEZs envisaged under CPEC.

The BoI has prepared a comprehensive plan for fast-track development of notified seven SEZs in the next two years. The Board is the Secretariat of CPEC identified nine SEZs but has notified only seven which have been facing land acquisition, provision of utility services, security and other infrastructure issues.

The Board would take the proposed plan with a time line for revival of these SEZs to the committee of approvals to be headed by the recently appointed Chairman Board of Investment Zubair Gilani.

The nine SEZs include: (1) Rashakai Comprehensive SEZ, Nowshera, KP, (2) Allama Iqbal Industrial City, Faisalabad, (3) China Special Economic Zone, Dhabejji Thatta, (4) IT Park, Islamabad, (5) Bostan Industrial Zone, Balochistan, (6) SEZ Port Qasim Karachi, (7) Moondash SEZ, Gilgit-Baltistan, (8) Mirpur SEZ, Azad Jammu and Kashmir and (9) Momand Marbel City, TATA.

The government has proposed additional incentives for industrial zones, for example one window operation by Special Economic Zone Authority (SEZA), bulk purchase of basic utilities and renting out of sheds for industrial use, etc, and all SEZs in Pakistan will be open for investors not only from China but from all over the world.

Source: Business Recorder

Date: 7th July 2019

Author: Wasim Iqbal

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CPEC to turn AJK into Pakistan’s ‘economic engine’: Masood

MUZAFFARABAD: 

Azad Jammu and Kashmir (AJK) President Sardar Masood Khan has stressed upon the need to chalk out a comprehensive strategy to turn the liberated territory into ‘economic engine’ of Pakistan through China-Pakistan Economic Corridor (CPEC) related projects.

He expressed these views while speaking as chief guest at a conference titled “Special Economic Zone – Future Prospects and Potential”, organised by CPEC Center of Azad Jammu and Kashmir University in collaboration with Institute of Strategic Studies in Islamabad on Tuesday.

The conference was also addressed by AJK University Vice-Chancellor Professor Dr Kalim Abbasi and Director (Strategy) Special Economic Zones Hassan N Ansari among others.

President Masood said that one of the four mega CPEC projects have been completed in AJK while initial planning for two more projects has been worked out. Similarly, work on Mansehra-Muzaffarabad-Mangla-Mirpur highway would start from the next financial year, he added.

He urged universities, academia and media of the country to effectively counter-negate campaign against the CPEC initiative besides highlighting its socio-economic benefits.

Under the CPEC, nine special economic zones would be established across the country, including one in Mirpur, Azad Kashmir for which 1,185 acres of land has already been identified, said the president, adding that 571 acres of land would be acquired in the first phase and 614 acres in the second.

Sardar Masood Khan said that feasibility study including environmental study, topographic survey and other technical formalities for the Mirpur special economic zone have already been completed and handed over to the Chinese officials. Special incentives have been offered by the AJK government for investment in Mirpur economic zone, he added.

“These incentives include tax-free import of machinery and other equipment, construction of infrastructure, and permission to prospective investors to generate their own electricity to run the industries at local level.”

President Masood said the government has set up a board of investment (BOI) to attract investment by local and foreign investors as well as overseas Kashmiris, and work is in progress on a comprehensive policy to protect capital of the investors and to restore their confidence.

While enumerating challenges and difficulties, the AJK president said that planning is under way to ensure an uninterrupted supply of natural and electricity to the economic zone, setting up a dry port, introduction of e-filing system and establishing a railway link between Dina, Jhelum and Mirpur.

He said that the government was trying to ensure speedy development works in special economic zones, resolve environmental issues on priority basis, and to take on board the local industrialists and small business.

Speaking on the occasion, Prof Dr Abbasi shed light on efforts of CPEC center for the projection of economic corridor project. He also paid tributes to President Sardar Masood Khan for effectively highlighting the Kashmir issue at the OIC summit in Makkah.

A memorandum of understanding (MoU) was also signed between China-Pakistan Study Center of ISSI and the Azad Jammu and Kashmir University, under which both the institutions will cooperate with each other in the field of education and research.

Source: Express Tribune

Date: 19/6/2019

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Chinese Vice President visits Haier Industrial Park Lahore

The Vice President of China Mr. Wang Qishan was accorded a red-carpet welcome when he arrived at Haier Industrial Park in a landmark visit to the sprawling facility that is widely seen as a shining example of Pak China economic cooperation. The Vice President was accompanied by the Chief Minster, Punjab Mr. Usman Buzdar, the Punjab Minister for Commerce, Industry & Investment, Mian Muhammad Aslam Iqbal and other senior government officials.

The distinguished visitor was received by top ranking officials of Haier China who had earlier arrived in Pakistan to oversee arrangements for according the Vice President a most memorable welcome. Also, on hand to receive the distinguished visitor was Executive President and Vice Chairman of the Board of Directors Haier Group, Mr. Liang Haishan, V.P. Global Appliances Haier Group, CEO of SEA & SA Mr. Song Yujun, General Manager Haier Pakistan Mr. Li Dapeng, CEO Haier & Ruba Manufacturing (HNR) Mr. Javed Afridi & Chairman JW SEZ Group Mr. Shah Faisal Afridi.

This is the fourth time for a high ranking and most distinguished visitor to tour Haier Industrial Park. Previously Prime Minister Wen Jiabao in 2005, President Hu Jintao in 2006 and Prime Minister Imran Khan in May 2019 have visited Haier Industrial Park which has since been hailed as the most successful model of industrial and economic cooperation between Chinese companies and Pakistani entrepreneurs. The Vice President was conducted on a tour of the factory by Haier’s top brass.

The Haier Industrial Park is a sprawling facility in Lahore with a 1.6-million unit per annum designed capacity to manufacture, assemble and produce high end home appliances and electronics. These include refrigerators, deep freezers, air conditioners, fully automatic and semi-automatic washing machines and LED TVs.

The Haier Industrial Park and degree of success it has achieved has brought many benefits for both countries. For Pakistan, Haier Industrial Park has created jobs for several thousand professional, skilled and non-skilled workers, has given the country a high-quality manufacturing base for home appliances and consumer electronics with future export potential, and most importantly given Pakistan access to R&D and technology transfer. Chinese home appliances and consumer electronics have found ready acceptance in Pakistan with Pakistani consumers voting with their money to make Haier the #1 brand in Pakistan. This is in line with Haier’s leadership position in the global market which Haier dominates with a 10.5% share in terms of volume sales.

Mr. Wang Qishan’s visit to Pakistan, seen as part of the increased high-level contacts between the two countries, will further deepen Pak China economic ties.

Source: The News

Date: 28th May, 2019

China to solarise 10,000 households in Balochistan

ISLAMABAD  –   China has agreed to provide grant for the solarization of 10,000 households in Balochistan, establishment of five burn centres across the country, provide 20,000 scholarships to Pakistani students along with other two dozen projects under the CPEC socio-economic development cooperation.

China has agreed to provide of one billion dollars for CPEC socio economic development cooperation to Pakistan and in the first phase both the countries have shortlisted 27 projects to be funded with China aid.

The agreement related to CPEC socio economic development cooperation was signed in April last during Prime Minister Imran Khan’s visit to China for participation in the Belt and Road Forum. Pakistan and China have shortlisted 27 projects to be funded with China aid under CPEC socio economic development cooperation. The 27 shortlisted projects will be executed under the first phase of CPEC socio economic development cooperation, said the source.

Under the MoU in agriculture sector Bacterial Grass (JunCao) technology training and promotional project will be initiated, the official source told The Nation here Sunday.

Under the project, China will establish Bacterial Grass technology training and promotional centres at different suitable locations in Pakistan.

China will provide experts to conduct a preliminary research with Pakistan, said the source.

Under the agreed MoU, China will provide Pakistan agriculture and scientific training on mouth and foot disease, animal husbandry, cotton, fruit and vegetables processing, the source maintained.

In the education sector, four projects have been agreed which include provision of advanced teaching equipment for primary and secondary schools projects.

Under the project, China will provide teaching equipments and tools for 50 primary and secondary schools at district, tehsil and village level. The equipment and tools includes smart boards, interactive white boards, multimedia, computers, tablet computers, furniture and printers.

Under another project of education sector, China has agreed to provide 50 to 100 smart classrooms to the universities in Pakistan. The project for the maintenance and renovation of around 50 schools in the merged FATA districts is also part of the MoU.

Under the education sector cooperation china has agreed for the provision of 20,000 scholarships to Pakistani students.

In the medical field, seven projects have been shortlisted which include provision of equipment to 30 hospitals in Pakistan, construction of a hospital at Gwadar, cold chain equipment and transportation equipment and establishment of medical emergency center in Balochistan.

Under the medical cooperation, China has agreed to construct 20-bed burn centres each in Sindh, Balochistan and KP, while 10-bed burn centres will be established each in AJK and Gilgit Baltistan. The China-Pakistan joint telemedicine network will be established in Islamabad, Karachi and Lahore.

In poverty alleviation sector, four projects will be funded which include provision of solar lighting equipment to 10,000 households in Balochistan, poverty alleviation courses, provision of emergency relief supplies for enhancing NDMA and the China-Pakistan rural poverty reduction joint research project.

In water supply field, two projects will be funded which include the provision of drinking water equipments to 800 water supply sites in KP, provision of water purification equipments to AJK and construction of 5000 tons desalination plant at Gwadar Special Economic Zone.

In the vocational sector, five projects will be funded which include Pakistan vocational schools upgrading and renovation of 50 schools across Pakistan, vocational  and technical education capacity build-up project, Gwadar vocational and technical school project, cooperative project with Pak-Austria Fachhochschule institute of Applied Science and Technology and Punjab-Tianjin University of Technology projects.

These projects were shortlisted during the visit of the Chinese experts group to Pakistan.

The Chinese delegation headed by Du Zhenli, comprising of 13 experts from socio economic development field had visited Pakistan in February last. China has agreed to extend a grant of one billion dollars for the socio economic development under CPEC and the projects in six identified areas will be funded through the China International Development Cooperation Agency (CIDCA).

The provinces and regions had submitted around 100 projects to the Chinese experts to secure grant for the socioeconomic development under CPEC. The projects submitted by the provinces and AJK related to agriculture, fisheries, livestock, health, solarization of water supply schemes, telemedicine, smart schools.

Source: The Nation

Date: 28/5/2019