Malaysia to cancel $20 billion China-backed rail project: minister

Mohamed Azmin Ali said at a media event that the project’s cost was too great, while also giving an assurance that Malaysia would welcome investment from China on a case by case basis

CPEC-funded Multan-Sukkur Motorway to be operational by August

Sukkur-Multan motorway has a design speed of 120km per hour, and it is a two-way six-lane road with a contractual value of $2.889bnISLAMABAD: The...

Chinese debt burden: Facts and Fiction

According to the breakdown of Chinese investments in Pakistan, 22 early harvest projects under CPEC have been completed or are under construction, with a total investment of $18.9 billion.

Govt to take $490m loan from ADB for Karachi BRT project

ISLAMABAD: The government has decided to take a loan of $490 million from the Asian Development Bank (ADB) in order to fund the Karachi Bus...

Minister calls for devising a robust strategy for infrastructural development

ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has emphasised the need for devising a holistic strategy to develop the country’s infrastructure and fill...

JWG stresses timely completion of Gwadar projects

ISLAMABAD: The meetings of the Joint Working Group (JWG) on Gwadar and Industrial Cooperation were held via video-conference on Thursday.The meetings were co-chaired by Planning...

AIIB keen to invest $1bn in Pakistan

'Bank plans to finance $100m on Karachi Bus Rapid Transit Project, $400m on Rawalpindi Ring Road'BEIJING: The Asian Infrastructure Investment Bank (AIIB) has expressed...

Chinese enterprises undertake over 3,000 BR projects in regional countries

As of the end of 2017, China’s central SOEs had 10,791 overseas entities spread over 185 countries and regions, with total overseas assets exceeding 7 trillion yuan

CPIC Global signs deal for two mega residential, commercial projects in Gwadar

'The dream of a Gwadar becoming a key economic hub of Asia is not far away now'ISLAMABAD: CPIC Global on Wednesday signed a construction...

Total PARCO, NH&MP join hands to ensure road safety

SHEIKHUPURA: Reinforcing a shared commitment to enhancing road safety on national highways and motorways, Total PARCO Pakistan Limited (Total PARCO) and the National Highways &...

Govt urged to list Diamer-Bhasha dam in domestic, int’l stock markets

MULTAN: The business community of southern Punjab has proposed the government to list the Diamer-Bhasha dam in domestic and international stock markets to generate funds,...

Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan

At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.

China says Russian involvement pivotal in Belt and Road Initiative

BEIJING: Russia is China’s major partner in the implementation of the Chinese government’s development strategy Belt and Road Initiative, Yu Jun, adviser at the Chinese...

Pakistan and China agree on upgrading ML-1 railway track

BEIJING: The Ministry of Railways and the National Railway Administration of China (NRAC) have undertaken initial work on Pakistan Railways’ Mainline 1 (ML-1), an...

Has CPEC hit a major roadblock?

China’s infrastructure building spree across the nation seems to have been halted due to Pakistan’s inability to pay its loans

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Amazon does not have a Pakistan presence. These Pakistani entrepreneurs are...

The global e-commerce giant has ignored Pakistan, but many enterprising individuals and companies have found ways to use the platform to their advantage by getting around the legal hurdles

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