CPEC Project

Pakistan and China have agreed to form a consortium of bilateral and multilateral partners to finance a USD 7 billion railway project, along with a four-year action plan (2025-29) for the second phase of the CPEC initiative. Pakistan and China recently launched the second phase of the controversial China-Pakistan Economic Corridor (CPEC) project. Speaking at a news conference, Planning and Development Minister Ahsan Iqbal said that during Prime Minister Shehbaz Sharif's recent visit to China, the two sides had agreed to constitute a consortium of financiers, including the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), China and Pakistan, for the 1,700-km Karachi-Peshawar railway line, the Dawn newspaper reported on Tuesday. He said China had assured financing not only for the rail project but also for the Karakoram Highway. Negotiations with multiple financiers would be concluded within a month, Iqbal said. The minister said Pakistan and China have agre

President Zardari met with a delegation led by the Chinese Consul General Yang Yundong at Bilawal House in Karachi, where he called for greater Chinese investment in Pakistan's various sectors

Amid rising attacks on Chinese workers in Pakistan, Beijing pressures Islamabad to act. Pakistan now eyes a security firm, sparking questions on sovereignty and deepening tensions

The attacks have frustrated China, reportedly leading it to press Pakistan's federal government to open formal negotiations for a joint security management system

Facing China's mounting demands for better security after attacks on its citizens and CPEC delays, Pakistan is under intense pressure to safeguard Beijing's interests

Many Chinese companies in Pakistan have reportedly turned to Chinese security engineers to gather intelligence amid inadequate local security arrangements

Chinese workers in Pakistan have been targeted by terrorist attacks twice within six months, prompting Beijing to raise security concerns at the highest diplomatic levels, but to little avail

Pakistan and China's 'higher than the mountains and deeper than the ocean' relationship appears to be under strain, with tense public exchanges underscoring Beijing's growing concerns

Ensuring the safety and security of Chinese nationals working in Pakistan under CPEC is reportedly costing Islamabad millions of dollars

Two countries are entering into second phase of the CPEC program, part of China's Belt and Road initiative, that Islamabad expects will lead to relocation of Chinese export industries to Pakistan

China has reportedly demanded that Pakistan sign an agreement on anti-terrorism cooperation to address Beijing's security concerns

Sunday night's wave of attacks in Balochistan is likely to add to the challenges Islamabad faces as it looks to revive its economy, which has faced a nearly two-year slump

Pakistan's finance minister recently acknowledged difficulties faced by all segments of society because of high interest rates, energy prices, increased tax burden, and currency devaluation

The two leaders also affirmed their consensus on CPEC's upgradation and advancing the mega project's development in its second phase, according to Dawn

China is reportedly unsatisfied by how Pakistan has handled Tehreek-i-Taliban Pakistan's Dasu terrorist attack in March that killed five Chinese nationals working on the CPEC project

Pakistan Prime Minister Shehbaz Sharif will visit China in the first week of next month to join the formal launching of the second phase of the USD 60 billion China-Pakistan Economic Corridor, according to a media report on Saturday. A source in the Prime Minister's Office told the Dawn newspaper that Prime Minister Sharif was scheduled to leave for China on June 4, but the date of the visit could slightly be changed. The CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is opposed by India as it is being laid through Pakistan-occupied Kashmir (PoK). Infrastructure and energy projects were part of the CPEC's first phase. In CPEC-II, both countries will focus on agriculture, Main Line-I of Pakistan Railways, businessmen-to-businessmen deals and realignment of the Karakoram Highway (KKH) etc. While presiding over a meeting of representatives of Chinese companies on Friday, the prime minister said that Pakistan wanted to benefit from Chinese ..

The Chinese side reportedly turned down Pakistan's suggestions to add more projects related to energy, climate change, electricity transmission lines and tourism under CPEC

Chinese Vice Premier He Lifeng will arrive here on Sunday on a three-day visit to participate in the 10th anniversary celebrations of the ambitious multi-billion dollar China-Pakistan Economic Corridor (CPEC), the foreign office said on Saturday. The Vice Premier, who is a member of the Politburo of the Central Committee of the Communist Party, will visit Islamabad from July 30 to August 1 at the invitation of Pakistan, the statement from the FO said. Vice Premier He will attend the 10th-anniversary celebrations of CPEC and call on the President and the Prime Minister, FO said, adding that He will also be the chief guest at an event celebrating the decade of the CPEC. The CPEC is a collection of infrastructure and other projects under construction throughout Pakistan since 2013. The CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is the flagship project of China's ambitious multi-billion-dollar Belt and Road Initiative (BRI). India has ..

Foreign Ministers of Pakistan, China and Afghanistan have reaffirmed their commitment to strengthen trilateral cooperation under BRI and jointly extend the CPEC to Afghanistan

People of Balochistan are rising up in protests across Pakistan province, threatening stumbling country, challenging politicised army and upsetting Chinese dreams of a transnational corridor project