CPEC to approve $27 billion for 22 mega projects

The writer is a former caretaker finance minister and served as vice-president at the World Bank

"CPEC is also helping to promote knowledge based economy in Pakistan, which is the need of new age in the world", the minister said while addressing the 7th meeting of Joint Coordination Committee (JCC) of CPEC held in Islamabad to review and approve various development projects in the mega development project.

"We have noted the relevant reports", Kang responded, adding that CPEC was a new type of cooperation framework between China and Pakistan for across-the-board cooperation, in particular the long-term development of economic and trade cooperation between the two countries in a broad sense.

"China wants Pakistan to accept its currency demand and make it part of the final draft of the Long-Term Plan (2014-2030)", said the officials, adding, "Pakistan has conveyed its opposition to the demand a few months ago but the Chinese side pressed it again".

The Dawn reported quoting a senior government official that Pakistan was not ready to allow the Chinese yuan (renminbi) for free use in Gwadar or its treatment on a par with the USA dollar in the country and this was disappointing for the visiting Chinese officials.

Moreover, the private sector was allowed to participate in the meeting for the first time.

Buy or Sell? What Analysts Recommends: Huntsman Corporation (HUN), Graphic Packaging Holding Company (GPK)
Eagle Boston Investment Management Inc. raised its position in Graphic Packaging Holding by 1.5% during the second quarter. Hoplite Capital Management L.P. holds 4% of its portfolio in Graphic Packaging Holding Company for 5.00 million shares.

He said soon Pakistan and China would start exchange of delegations of businessmen and traders. Along with infrastructure development and upgradation, education and health sectors would also be targeted for their improvement and upgradation under CPEC.

The agenda of the meeting is to deliberate on various projects being carried out under CPEC. He underlined the need for expansion in the administrative structure and scope of cooperation in CPEC.

Speaking to reporters during a regular press briefing on Monday, he said the multi-billion dollar project was not only of important significance to China-Pakistan common development, but also conducive to regional connectivity and common prosperity. He said that CPEC's energy projects were fast heading towards their completion.

The minister termed the 7th JCC meeting a hallmark of the project and said that special economic zones will be established afterwards.

Related:

  • Taxing grad students means fewer of them

    Taxing grad students means fewer of them

    Chris Rupert, a graduate student in biology, is drafting a resolution to present at the December 6 GSA Senate meeting. He said UB believes taxing tuition scholarships would discourage graduate students from attending graduate school.
    Priyanka Chopra flaunts new hairdo in this 'Fraterday' selfie

    Priyanka Chopra flaunts new hairdo in this 'Fraterday' selfie

    Sporting shoulder-grazing haircut with structured curls, she is now shooting for season 3 of the American thriller series in NY . She took to Instagram to share a collage of her new look from the sets of the show.
    Pradyuman murder case: Accused Gurugram school bus conductor Ashok Kumar granted bail

    Pradyuman murder case: Accused Gurugram school bus conductor Ashok Kumar granted bail

    Chopra was summoned after the agency obtained audio clips in which he is heard saying: "We will put it on the school authorities. Kumar was arrested hours after the September 8 murder of the 7-year-old from Ryan International School in Gurugram , Haryana.
  • Is Stock's Performance Impressive? NVIDIA Corporation (NVDA)

    Nvidia Corporation focuses on personal computer graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The highest price NVDA stock touched in the last 12 month was $218.67 and the lowest price it hit in the same period was $84.77.
    Hells Angels FBI raid leads to racketeering indictments leads to racketeering indictments

    Hells Angels FBI raid leads to racketeering indictments leads to racketeering indictments

    Eleven people with ties to the Hells Angels motorcycle club, have been indicted by a federal grand jury. The indictment also says Wendt possessed multiple firearms, ammunition and knives.

    Intuit (INTU) Beats Earnings Expectations, Q1 Revenues Jump 14%

    The short-interest ratio decreased to 2.0 and the short interest percentage is 0.01% as of October 13. Cwm Llc increased Pimco Etf Tr (MINT) stake by 182,064 shares to 182,129 valued at $18.53M in 2017Q2.
  • SC  lacks lethal injection drugs needed to execute death row inmate

    SC lacks lethal injection drugs needed to execute death row inmate

    Twenty-three people have been executed in the United States this year, according to the Death Penalty Information Center. Stone has been on South Carolina's death row for 20 years, convicted of murder death of Sumter County sheriff's Sgt.
    Kerala HC permits actor Dileep to travel to Dubai

    Kerala HC permits actor Dileep to travel to Dubai

    Dileep said that the restaurant was meant to have been inaugurated at the time of his arrest, but had been postponed till now. He is one of the partners of the restaurant "De Puttu" which has outlets at Ernakulam and Kozhikode.

    Uber signs deal with Volvo in bid to build autonomous taxi fleet

    The carmaker, owned by China's Geely Holding since 2010, didn't disclose the agreement's value or the precise number of vehicles. Uber has no intention to manufacture its own cars for its future driverless taxis. "It's also a big commercial deal".
  • Border Patrol agents in Texas had traumatic head injuries

    Border Patrol agents in Texas had traumatic head injuries

    Harper told the San Antonio Express-News on Sunday that Martinez and his partner were 'not fired upon, ' but she didn't elaborate. President Donald Trump said the injured agent had been "brutally beaten" as he called for the wall between USA and Mexico.
    Snoop Dogg 'F**k Trump' I'm With LaVar and Marshawn!

    Snoop Dogg 'F**k Trump' I'm With LaVar and Marshawn!

    I don't even tweet", Ball told CNN. "It wasn't a big deal because being raised in South Central LA, I've seen harsher things". It was an impulse thing, a bad decision at a bad time. "I should have left them in jail", the president tweeted.
    Deepika Padukone withdraws from Global Entrepreneurship Summit amid 'Padmavati' row

    Deepika Padukone withdraws from Global Entrepreneurship Summit amid 'Padmavati' row

    The Telangana government will also announce the launch of Rs 100 crore "T-Fund" for start-ups at the summit, Ranjan said. A senior official of the Telangana government said on Monday that Deepika has declined to attend the event.

Comments

Latest news

Bill Clinton wound of sexual abuse of four girls
According to reports, they're asking for money to keep quiet and if the legal negotiations fail, they'll go public. His wife Hillary Clinton stood by him throughout that sex scandal. "He was acquitted by the Senate".

Descartan ruidos del "ARA San Juan" y búsqueda sigue
Durante el fin de semana se detectaron siete intentos de llamada que este lunes se confirmó que no pertenecen al ARA San Juan . El " ARA San Juan " se reportó perdido el jueves cuando regresaba desde Ushuaia hacia su apostadero en Mar del Plata.

CBEC chief asks FMCG companies to revise MRP post GST rate cut
He advised companies to "transparently" advertise in newspapers by how much their prices had come down. All these changes are effective from the midnight of November 14, 2017.

Kevin Hart and Eniko Parrish Welcome Baby
Bring on the blue! 38 year old Kevin Darnell Hart is super excited as this is his first child with his wife Eniko Parrish . After a long 40 weeks, Kevin and Eniko Hart have finally welcomed their first child together.

Wyatt makes history as England salvages Women's Ashes draw
They were going to need a good start but they got the polar opposite, Beaumont caught at mid-off in the first over. The highest successful chase in women's T20Is, achieved on Tuesday as England levelled the Women's Ashes series.

Judge in California blocks Trump's order on sanctuary cities
Santa Clara County could have lost $1.7 billion in federal funding, while San Francisco had $2 billion at stake. The Justice Department is concerned about localities' compliance with U.S.

UP Chief Minister Yogi Adityanath slammed Bhansali for Hurting Public Sentiments
A BJP leader had announced a reward of Rs 10 crore for anyone who beheads Bhansali and Padukone. The movie was to be released on December 1 but the makers had postponed the release.

Louis Police Department receives grant to hire additional full-time officers
Its recently adopted $314.8 million operating budget for 2018 includes $750,000 for a full local match to the grant funding. In September, the Justice Department announced additional priority consideration criteria for FY2017 COPS Office grants.

Real Madrid not giving up on De Gea
Spain global De Gea was on the verge of joining La Liga giants Real in the summer of 2015 but paperwork issues scuppered the move. The 27-year-old has been in excellent form for United this season having kept eight clean sheets in 12 Premier League games.

Crossmark Global Holdings Inc. Invests $964000 in NXP Semiconductors NV (NASDAQ:NXPI)
Picton Mahoney Asset Management acquired a new stake in shares of NXP Semiconductors N.V.in the second quarter valued at $165,000. Iberia Capital Partners initiated the shares of XEC in report on Thursday, September 17 with "Outperform" rating.

Three dead after medical helicopter crash
The helicopter was flying from Pine Bluff to Helena-West Helena when it crashed about 12 miles west of DeWitt at about 8 p.m. With thousands of birds in the area, the sheriff says a bird strike could be a part of the FAA and NTSB investigation.

Journalist shot dead in Tripura
A Special Investigation Team (SIT) has been formed by the Government of Tripura to investigate the murder. Bhaumiuk was a crime reporter with Syandan Patrika , a Bengali newspaper of Agartala.

Neverwinter Nights: Enhanced Edition For The PC Announced
It will be $US20 ($27) when it's out.sometime in the future (though some preorder customers will be given access to a beta). You'll be able to pre-order the game pretty soon if you wish to do so, but a release date hasn't been announced yet.

Dimitrov beats Goffin to win ATP Finals champion
Dimitrov is only the second ATP Finals debutant to win the title since John McEnroe defeated Arthur Ashe in 1978. However the Belgian's resistance came to an end as he netted a backhand volley, leaving Dimitrov in tears.

Seth Meyers in Talks to Host 2018 Golden Globes
Variety adds that Ellen DeGeneres and Tiffany Haddish were in consideration to host the Golden Globes before Meyers signed on. The Late Night star follows in the footsteps of fellow NBC late-night host Jimmy Fallon, who emceed the 2017 event.

Other news