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 Business

CPEC essence of bilateral ties between China and Pakistan: Envoy Yu Jing

byCT Report
05/10/2019
in Business, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: Chinese Ambassador to Pakistan Yu Jing said that only the China Pakistan Economic Corridor (CPEC) agreement was not going to guarantee the development of the whole economy of Pakistan, but was a small part of it.

“China is doing huge investments in Pakistan on a partnership basis. We are helping in various sectors, including education, technical education, agriculture, social development, technology transfer etc,” he said.

You might also like

Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port

25/07/2026

Pakistan-Libya trade has potential to exceed $1bn, claims LCCI President Saigol

25/07/2026

Yu Jing was speaking at a dialogue on CPEC hosted by the Karachi Council on Foreign Relations. KCFR Chairman Ikram Sehgal and Secretary General Commodore (r) Sadeed A Malik also spoke on the occasion.

Ying stated that CPEC was the essence of bilateral long-term relations between the two countries, which would help Pakistan develop critical infrastructure and was not a means “to colonise the country.”

Strongly rejecting propaganda, the ambassador said that China had no military or strategic designs in Pakistan viz-a-viz CPEC, as propagated by the western media. Yu Jing said the western media always painted a negative narrative against China that was baseless and wrong.

“CPEC will not only connect China with Gwadar, but it will also lead to Kandahar, Afghanistan, Central Asia and Russia as well. Gwadar is an emerging port of Pakistan, which is a long awaited dream of Pakistanis and their government,” he noted.

“We are waiting for the Free Zone policy of Pakistan government, after which we will launch 19 projects in Gwadar alone. China is spending $40 million annually to keep Gwadar port functional, as it is now started commercial operations as well,” Ying informed the audience.

“We send a commercial vessel every week to Gwadar port. In next phase of second Free Trade Agreement, we will establish manufacturing units of agriculture, seafood and other industries, which will also provide huge employment to people,” the ambassador stressed.

Yu Jing noted that the biggest issues of Gwadar were electricity and fresh water. “China will install a power plant of 300 megawatt, while we will also install a desalination plant with capacity of 5000 tons,” he said.

Related Stories

Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port

byCT Report
25/07/2026

GWADAR: Iran has closed and reopened the Strait of Hormuz several times since the US-Iran war began in February. When...

Pakistan-Libya trade has potential to exceed $1bn, claims LCCI President Saigol

byCT Report
25/07/2026

LAHORE: Lahore Chamber of Commerce and Industry hosted a seminar titled “Enhancing Pakistan-Libya Trade and Economic Cooperation”, attended by Major...

SBP foreign exchange reserves increase by $33m

byCT Report
25/07/2026

KARACHI: Pakistan’s foreign exchange reserves recorded a modest increase during the week ended July 17, 2026, according to the latest...

New Finance Act rule forces businesses to get FBR-verified invoice numbers

byCT Report
25/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) will require taxpayers to issue a verifiable and unique invoice number for every...

Next Post
A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

Weekly review: KSE-100 index gained 962 points

  • 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.