Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

China asks Pakistan to convene 10th JCC meeting under CPEC ahead of schedule

byCT Report
24/01/2020
in Breaking News, Business, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The Chinese government on Thursday asked Pakistan to convene the 10th Joint Cooperation Committee (JCC) meeting under the China-Pakistan Economic Corridor framework ahead of schedule in order to finalise different mega projects.

According to media, the meeting of the joint committee will discuss the railways Mainline (ML-1) project of $9.2 billion, as well as other CPEC-related initiatives, before the expected arrival of Chinese President Xi Jinping to Islamabad in May or early June 2020.

You might also like

PM clears NBP’s long-awaited Rs35 per share dividend

24/04/2026

SBP eases import financing rules for oil & LNG amid geopolitical crisis

24/04/2026

The official communication from Beijing in this regard, asking Islamabad to convene the 10th meeting of the JCC in April 2020, instead of the scheduled time that had been set for June or July 2020, was sent out by the National Development Reform Commission of China.

The Pakistan Tehreek-e-Insaf led government has already notified the ministerial committee under chairmanship of Minister for Planning, Development and Special Initiatives Asad Umar to make arrangements for the upcoming visit of the Chinese President to Pakistan.

The previous meeting of the joint committee was held in Islamabad in June 2019, and it was expected that the next meeting would be held in the summer of 2020, according to The News. The government, the publication claimed, had been caught off-guard by the Chinese request.

If the 10th meeting of the JCC is to be held ahead of schedule, the government will have to kick-start preparation for finalising the feasibility and other reports of different projects for inclusion in second phase of the economic corridor, The News claimed.

“The next JCC will be held in April 2020 so that both sides can finalise second phase projects of CPEC ahead of scheduled visit of Chinese president,” Minister for Planning Asad Umar told The News when asked about the Chinese request and the Pakistani response to the matter.

“The modernisation of rail line from Peshawar to Karachi with approximate cost of $9.2 billion will be among other projects that will be executed under the second phase of CPEC. The government will convene a meeting next week to firm up list of projects,” he added.

Pakistan and China so far executed $29 billion under CPEC for energy and infrastructure projects, and most of these projects are either completed or nearing completion, according to the report.

 

Related Stories

PM clears NBP’s long-awaited Rs35 per share dividend

byCT Report
24/04/2026

ISLAMABADI: National Bank of Pakistan has received approval for its long-delayed dividend payout after Prime Minister Shehbaz Sharif cleared the...

SBP eases import financing rules for oil & LNG amid geopolitical crisis

byCT Report
24/04/2026

KARACHI: The State Bank of Pakistan (SBP) has revised key foreign exchange instructions to facilitate the import of crude oil,...

Weekly inflation eases slightly, annual rate rises to 13.98pc

byCT Report
24/04/2026

ISLAMABAD: The Pakistan Bureau of Statistics has released its weekly inflation report, showing a 0.33 percent decrease in inflation on...

Pakistan completes $3.45bn deposit repayment to UAE

byCT Report
24/04/2026

KARACHI: The State Bank of Pakistan (SBP) repaid another $1 billion to Abu Dhabi Fund for Development (ADFD) UAE, completing...

Next Post

FBR sales tax refunds up 165pc after launch of FASTER

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.