BAFL 46.54 Decreased By ▼ -0.21 (-0.45%)
BIPL 21.35 Increased By ▲ 0.20 (0.95%)
BOP 5.63 Increased By ▲ 0.10 (1.81%)
CNERGY 5.07 Increased By ▲ 0.17 (3.47%)
DFML 19.50 Increased By ▲ 0.68 (3.61%)
DGKC 81.74 Increased By ▲ 1.74 (2.18%)
FABL 31.25 Increased By ▲ 0.40 (1.3%)
FCCL 20.44 Increased By ▲ 0.05 (0.25%)
FFL 9.65 Increased By ▲ 0.09 (0.94%)
GGL 14.14 Increased By ▲ 0.17 (1.22%)
HBL 119.50 Increased By ▲ 1.55 (1.31%)
HUBC 124.00 Increased By ▲ 0.20 (0.16%)
HUMNL 8.08 Increased By ▲ 0.13 (1.64%)
KEL 3.56 Increased By ▲ 0.05 (1.42%)
LOTCHEM 28.71 Increased By ▲ 0.16 (0.56%)
MLCF 42.50 Increased By ▲ 0.40 (0.95%)
OGDC 121.50 Increased By ▲ 0.49 (0.4%)
PAEL 19.45 Increased By ▲ 0.61 (3.24%)
PIBTL 5.87 Increased By ▲ 0.17 (2.98%)
PIOC 115.11 Increased By ▲ 1.40 (1.23%)
PPL 109.20 Increased By ▲ 0.85 (0.78%)
PRL 29.58 Increased By ▲ 1.76 (6.33%)
SILK 1.08 Increased By ▲ 0.01 (0.93%)
SNGP 70.60 Increased By ▲ 1.20 (1.73%)
SSGC 13.96 Increased By ▲ 0.71 (5.36%)
TELE 8.85 Increased By ▲ 0.06 (0.68%)
TPLP 13.76 Increased By ▲ 0.11 (0.81%)
TRG 95.40 Increased By ▲ 3.46 (3.76%)
UNITY 27.31 Increased By ▲ 0.65 (2.44%)
WTL 1.60 Increased By ▲ 0.03 (1.91%)
BR100 6,624 Increased By 80.6 (1.23%)
BR30 23,553 Increased By 342.8 (1.48%)
KSE100 64,376 Increased By 458.3 (0.72%)
KSE30 21,525 Increased By 172.8 (0.81%)
Print Print 2023-10-04

3rd Belt and Road Forum: Over 2 dozen pacts likely to be signed

  • National Development and Reform Commission of China has proposed to sign MoUs during caretaker PM's visit to Beijing
Published October 4, 2023

ISLAMABAD: Pakistan and China are likely to sign over two dozen pacts at the third Belt and Road Forum (BRF) on October 17-18, 2023 in Beijing, to be attended by the caretaker Prime Minister, Anwaar-ul-Haq Kakar, well informed sources in Ministry of Planning, Development and Special Initiatives told Business Recorder.

According to Chinese embassy, National Development and Reform Commission of China (NDRC) has proposed to sign MoUs with relevant authorities in Pakistan during caretaker Prime Minister Anwaar-ul-Haq Kakar’s visit to China to attend the forum covering eight areas: Urban Sustainable Development, major Issues of the Belt and Road Cooperation Mineral Development and Industrial Cooperation, Research of the Routes for Industrial Cooperation, Expert Exchange Mechanism, Expert Communication Mechanism on Gwadar port Development, Green and Low-carbon Development, and Digital Economy Cooperation.

Meanwhile, Pakistan’s Mission in Beijing has shared a list of 19 MoUs which are expected to be signed/ announced during the visit of caretaker Prime Minister.

Third-party participation in CPEC: Accord likely at third Belt and Road Forum

Sharing details on Main Railway Line-1 of Ministry of Railways, the sources said, Pakistan has revised the scope of the project and its associated financial study has not been finalised by the Pakistan side. Addendum to the Framework Agreement ML-1 project firming up design and scope can be signed at the 3rd BRF.

On Karachi Circular Railway (KCR), a project of Economic Affairs Division, the sources said, revised feasibility study on KCR has been shared with the Chinese side. Pakistani side is keen on signing the Framework Agreement at the 3rd BRF.

Talking about realignment of KKH (Thakot-Raikot), a project of Ministry of Communication, the sources said that the project has remained under discussion at JWG-TI. Construction of dams alongside KKH has submerged portion of the KKH. The situation necessitates an announcement of this project at the 3rd BRF.

Ministry of Communications has shared MoUs with the Ministry of Transport of China on the feasibility study of D I Khan- Zhob Road Project, and feasibility study of Mirpur-Muzaffarabad-Mansehra road, the feasibility study of Babusar tunnel and feasibility study of Karachi-Hyderabad Motorway (M-9.

These projects were discussed at the 10th JWG-TI on September 26, 2023. Pakistan is keen on signing the MoU at the 3rd BRF.

MoU on Advanced Metering Infrastructure (AMI) - Power Division: It has been approved by the Cabinet and shared with National Energy Administration of China. Pakistan is keen on signing the MoU at the 3rd BRF.

Power Division is also interested in signing the MoU on identification of potential sites for pump-storage hydropower project.

China has shared draft MoU on development of renewable energy projects in Pakistan on September 26, 2023. Pakistan is reviewing the proposal.

1320-MW Thar Block-1(Shanghai) - Power Division: There is announcement of financial closure from financial institutions. All formalities from the Pakistani side have already been completed. Response from the Chinese side is awaited. Pakistan side is keen on announcing the project at the 3rd BRF.

On 300-MW coal project Gwadar, the source said, there is announcement of financial closure from financial institutions. All formalities from the Pakistan side have already been completed. Both sides made substantive progress.

Copyright Business Recorder, 2023


Comments are closed.

Tulukan Mairandi Oct 04, 2023 07:22am
Lot of papers signed. Nothing will be executed
thumb_up Recommended (0)
Arif Oct 04, 2023 02:30pm
Another Trip for Caretaker PM . He seems to spend more time abroad , hahahahaha … we should get a caretaker for the Caretaker PM .
thumb_up Recommended (0)
Fazeel Siddiqui (Overseas Pakistani) Oct 04, 2023 03:31pm
Like USA now China also loves to get contracts signed with dictators or Chairtakers of Pakistan. Main reason is to hide a lot of corruption and non-accountability of sacred cows. When something goes wrong which is obvious to happen then a civilian govt is always there to be blamed for failures & damages. In any result the looser is blindfold military loving public.
thumb_up Recommended (0)
DBX Oct 04, 2023 05:40pm
When will such pacts yield dividends for ordinary Pakistanis not for generals and politicians?
thumb_up Recommended (0)
TidBit Oct 04, 2023 06:46pm
@DBX, Only when IK comes to power
thumb_up Recommended (0)

3rd Belt and Road Forum: Over 2 dozen pacts likely to be signed

Three projects: ADB approves $659m in financing

New FAB ED: govt initiates appointment process

FWBL sell-off: Minister briefed about status of accounts

Digitising budget process: Shamshad chairs IMF mission meeting

‘Illegal’ LCs, forex market speculation: MoF set to share list of banks with SIFC today

Loss-making Discos: FD opposes PD’s proposal

Power sector: Nepra backs transition from Libor to ‘SOFR’

‘Delayed’ CASA-1000 project: World Bank reluctant to arrange funds

CPEC 10th anniversary: there exists strong commitment to accelerate pace of ongoing projects

Customs values of various goods changed