ANL 16.20 Decreased By ▼ -0.18 (-1.1%)
ASC 14.63 Increased By ▲ 0.95 (6.94%)
ASL 20.04 Decreased By ▼ -0.41 (-2%)
BOP 8.55 Decreased By ▼ -0.05 (-0.58%)
BYCO 7.53 Increased By ▲ 0.24 (3.29%)
FCCL 17.50 Increased By ▲ 0.11 (0.63%)
FFBL 23.15 Increased By ▲ 1.68 (7.82%)
FFL 15.25 Increased By ▲ 0.35 (2.35%)
FNEL 7.35 Increased By ▲ 0.05 (0.68%)
GGGL 17.15 Increased By ▲ 0.74 (4.51%)
GGL 29.95 Increased By ▲ 0.10 (0.34%)
HUMNL 5.96 Increased By ▲ 0.17 (2.94%)
JSCL 20.68 Increased By ▲ 0.28 (1.37%)
KAPCO 28.99 Increased By ▲ 0.31 (1.08%)
KEL 3.48 Increased By ▲ 0.03 (0.87%)
MDTL 2.11 Decreased By ▼ -0.09 (-4.09%)
MLCF 33.60 Increased By ▲ 0.18 (0.54%)
NETSOL 106.00 Decreased By ▼ -1.55 (-1.44%)
PACE 4.33 Decreased By ▼ -0.17 (-3.78%)
PAEL 27.95 Increased By ▲ 0.75 (2.76%)
PIBTL 8.70 Increased By ▲ 0.10 (1.16%)
POWER 6.90 Decreased By ▼ -0.03 (-0.43%)
PRL 17.18 Increased By ▲ 0.87 (5.33%)
PTC 9.30 Increased By ▲ 0.12 (1.31%)
SILK 1.44 No Change ▼ 0.00 (0%)
SNGP 42.33 Increased By ▲ 0.27 (0.64%)
TELE 16.45 Decreased By ▼ -0.09 (-0.54%)
TRG 135.78 Decreased By ▼ -2.22 (-1.61%)
UNITY 29.90 Increased By ▲ 1.40 (4.91%)
WTL 2.40 Decreased By ▼ -0.05 (-2.04%)
BR100 4,668 Increased By ▲ 50.21 (1.09%)
BR30 20,892 Increased By ▲ 107.28 (0.52%)
KSE100 44,822 Increased By ▲ 487.85 (1.1%)
KSE30 17,521 Increased By ▲ 178.45 (1.03%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,252
2424hr
Pakistan Cases
1,263,664
89324hr
1.7% positivity
Sindh
465,175
Punjab
437,572
Balochistan
33,114
Islamabad
106,402
KPK
176,650

Islamabad: China expressed serious concerns over security matters in the 10th Joint Cooperation Committee (JCC) meeting on the China-Pakistan Economic Corridor (CPEC), while both sides signed a memorandum of understanding (MoU) for establishment of a new Joint Working Group (JWG) on information technology industry.

Addressing a news conference after the JCC meeting held on Thursday through a video conference, Minister for Planning, Development and Special Initiatives Asad Umar said, while replying to a question from journalists that China expressed concern over the security arrangements for Chinese working on the CPEC projects.

Khalid Mansoor, Special Assistant to the Prime Minister on CPEC Affairs, was also present at the press conference.

The minister said that China emphasised boosting security arrangements with the enhancement in the scope of CPEC in the second phase.

Despite challenges, CPEC projects meeting deadlines: Asad Umar

He said that as the CPEC is expanding, and investments are expanding beyond industrial estates, simultaneously raising the need for security.

"This is especially important keeping in mind the recent Dasu incident", he said.

The minister said that a specific cell has been made in the Ministry of Foreign Affairs to ensure the protection of foreigners working in the country, and a very thorough framework has been created to ensure the security of foreigners in Pakistan.

“Our neighboring country is not only attacking us physically but it is also attacking us through use of social media. But leadership of both China and Pakistan and the people will fight against it,” he said.

The minister said that the MOU for establishment of a Joint Working Group (JWG) on Information Technology Industry was signed by both sides.

Umar reminded that Pakistan’s IT exports grew 47.4pc year-on-year, crossing $2 billion, thus, it is another booming industry in Pakistan.

Govt says CPEC facing no slowdown

He said that it is worth mentioning that the IT exports reached $2.12bn in 2020-21 as against $1.44bn in the preceding year, according to the data released by Commerce Ministry in July 2021.

The second MoU was between China’s Ningbo Port and Pakistan’s Gwadar Port for the CPEC, the minister said.

Another MoU has been signed for Karachi Coastal Development Plan under the Maritime Ministry along with a Chinese company named, CRPC for the development of the Karachi Port facility, he said.

The minister said that eight different agreements were signed for the agriculture sector.

Umar added that the CPEC holds high importance in Chinese President Xi Jinping’s vision, thus, today both sides, China, and Pakistan have reiterated their commitment to the corridor.

Copyright Business Recorder, 2021

Comments

Comments are closed.