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Search resuls for: "Pakistan Economic"


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Pakistani Prime Minister Shehbaz Sharif offered condolences for the death of the Chinese nationals during a visit Tuesday to the Chinese Embassy in Islamabad, where he met with Beijing’s ambassador. The blast Tuesday follows two militant attacks in recent days in southwest Pakistan, where China is investing billions in infrastructure projects. Half a year later, a separatist group attacked a luxury hotel in Gwadar, often used by Chinese nationals working at the port. In August last year, BLA militants opened fire on a Pakistani military convoy in Gwadar as it was escorting a delegation of Chinese nationals to a construction project. Two militants were killed and no harm was caused to any military personnel or civilians, according to the Pakistani military.
Persons: Muhammad Ali Gandapur, Xi, Tuesday’s, Shehbaz Sharif, Ishaq Dar, , Organizations: Islamabad CNN —, Beijing . Senior, Taliban, Foreign Ministry, Embassy, Beijing’s, Baloch Liberation, Pakistan Economic, Pakistan Stock Exchange Locations: Islamabad, Pakistan, Khyber Pakhtunkhwa, China, Afghanistan, restive, Balochistan, Gwadar, Beijing, Xinjiang, Karachi
Here are some facts on the group Pakistan targeted and the restive province at the heart of the tension. WHICH GROUP DID PAKISTAN TARGET IN IRAN? The Baloch Liberation Front (BLF), which an intelligence official called the target of Pakistan's strikes in Iran, seeks independence for Pakistan's western province of Balochistan. They also attack Chinese projects, and occasionally kill Chinese workers despite Pakistan's assurances that it is doing all it can to protect the Chinese projects. It borders Iran's Sistan-Baluchestan province where Pakistan carried out its strikes.
Persons: Xi, Charlotte Greenfield, Clarence Fernandez Organizations: Ethnic Baloch, China Pakistan Economic, Barrick Gold, Barrick Locations: ISLAMABAD, Pakistan, Iran, Balochistan, restive, PAKISTAN, IRAN, Baloch, Balochistan province, Afghanistan, Iran's Sistan, Baluchestan, Islamabad, China Pakistan, China, Gwadar, province's, Chagai
BEIJING (Reuters) - China is willing to strengthen co-operation and promote solidarity with Pakistan but has urged it to guarantee the safety of Chinese organisations and personnel working there, China's foreign ministry said, quoting President Xi Jinping. China is a major ally and investor in Pakistan but both separatist and Islamist militants have attacked Chinese projects over recent years, killing Chinese personnel. "We hope the Pakistani side will guarantee the safety of Chinese institutions and personnel in Pakistan," the ministry cited Xi as telling Kakar. Separatist insurgents in Pakistan's resource-rich Balochistan province say China has ignored warnings not to enter deals with the Pakistani government. China has also warned of the danger or Islamist militants in Pakistan.
Persons: Xi Jinping, Xi, Anwar ul Haq Kakar, Kakar, countries.China, Liz Lee, Robert Birsel Organizations: Initiative, Wednesday Pakistan, Shanghai Cooperation Organisation, Separatist Locations: BEIJING, China, Pakistan, Beijing, Pakistani, Balochistan
"We requested China to allow us to be a part of the China-Pakistan Economic Corridor and Belt and Road Initiative... (and) are discussing technical issues today," acting Commerce Minister Haji Nooruddin Azizi told Reuters in an interview a day after the Belt and Road Forum ended in Beijing. The Pakistan "economic corridor" refers to the huge flagship section of the Belt and Road Initiative (BRI) in Afghanistan's neighbour. Asked about the MCC talks, Azizi said discussions had been delayed because the mine was near a historical site, but they were still ongoing. Afghanistan and 34 other countries agreed to work together on the digital economy and green development on the sidelines of the Belt and Road Forum on Wednesday. Additional reporting by Ahmad Masih Noori and Charlotte Greenfield in Kabul; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Haji Nooruddin Azizi, Tingshu Wang, Xi Jinping's, Azizi, Ahmad Masih Noori, Charlotte, Miral Organizations: Reuters, Embassy, REUTERS, Metallurgical Corp, Pakistan Economic, Initiative, China Ltd, MCC, Islamic State, Taliban, Thomson Locations: Afghanistan, Beijing, China, Taliban, BEIJING, Kabul, Pakistan, Afghanistan's, Charlotte Greenfield
REUTERS/Ali Khara/File Photo Acquire Licensing RightsKABUL, Oct 14 (Reuters) - The Taliban will attend China's Belt and Road Forum next week, a spokesman said on Saturday, underscoring Beijing's growing official ties with the administration, despite its lack of formal recognition by any government. Taliban officials and ministers have at times travelled to regional meetings, mostly those focussed on Afghanistan, but the Belt and Road Forum is among the highest-profile multilateral summits it has been invited to attend. China has been in talks with the Taliban over plans, begun under the previous foreign-backed government, over a possible huge copper mine in eastern Afghanistan. Officials from China, the Taliban and neighbouring Pakistan said in May they would like Belt and Road to include Afghanistan and for the flagship China Pakistan Economic Corridor to be extended across the border to Afghanistan. China has boosted engagement with the Taliban, becoming the first country to appoint an ambassador to Kabul since the Taliban took power, and invested in mining projects.
Persons: Mullah Abdul Ghani Baradar, Wang Yu, Ali Khara, Xi, Haji Nooruddin Azizi, Akhundzada Abdul Salam Jawad, Azizi, Akhundzada, Mohammad Yunus Yawar, Charlotte, Joe Cash, William Mallard Organizations: Afghan, REUTERS, Rights, China Pakistan Economic, Taliban, Thomson Locations: China, Islamic Emirate, Afghanistan, Kabul, Rights KABUL, Beijing, Pakistan, China Pakistan, Charlotte Greenfield, Islamabad
CNN —The Taliban has welcomed Zhao Sheng as China’s new ambassador to Afghanistan during a lavish ceremony held at the presidential palace in Kabul on Wednesday. China is among a handful of countries, including Pakistan, Iran and Russia that have maintained a diplomatic presence in Afghanistan since the Taliban retook control of the country in 2021. In the palace ceremony, Taliban Prime Minister Mohammad Hasan Akhund shook hands with Zhao and “accepted the credentials of the new Chinese Ambassador,” the prime minister’s office said on X, formerly known as Twitter. China’s Ministry of Foreign Affairs said in a statement the appointment was the “normal rotation of China’s ambassador to Afghanistan” and was “intended to continue advancing dialogue and cooperation” between the two countries, according to Reuters. The ministry said, “China’s policy toward Afghanistan is clear and consistent.”CNN has reached out to China’s Ministry of Foreign Affairs.
Persons: Zhao Sheng, Mohammad Hasan Akhund, Zhao, , Mr Zhao Sheng, Zabiullah Mujahid, , Mujahid, Afghanistan ”, Qin Gang Organizations: CNN, Taliban, Honorable, China’s Ministry of Foreign Affairs, Reuters, Pakistan Economic Locations: Afghanistan, Kabul, Wednesday, China, Pakistan, Iran, Russia, China’s, Islamabad, Xinjiang
CNN —An attack on Chinese engineers in Pakistan’s southwestern province of Balochistan was thwarted by Pakistan’s military, leaving two militants dead and the Chinese workers unharmed, police say. In a statement to CNN, the Baloch Liberation Army, a militant separatist group, claimed responsibility for the attack. The Chinese Embassy in Pakistan said it strongly condemned the attack and urged the Pakistani authorities to punish the perpetrators and do all it could to prevent further attacks. But in recent years terrorist attacks targeting Chinese nationals and their interests in Pakistan have alarmed Beijing. More than a dozen people were killed after a bus carrying Chinese engineers fell into a ditch following a “fiery explosion,” according to local police.
Persons: Chakar Baloch Organizations: CNN, Baloch Liberation Army, Embassy, Pakistan Economic, University of Karachi’s Confucius Institute, Confucius Locations: Balochistan, Chakar, Gwadar, Pakistan, China, Afghanistan, Iran, Beijing
UNITED NATIONS, May 1 (Reuters) - A U.N. Security Council committee on Monday agreed to allow the Taliban administration's foreign minister Amir Khan Muttaqi to travel to Pakistan from Afghanistan next week to meet with the foreign ministers of Pakistan and China, diplomats said. Muttaqi has long been subjected to a travel ban, asset freeze and arms embargo under Security Council sanctions. According to a letter to the 15-member Security Council Taliban sanctions committee, Pakistan's U.N. mission requested an exemption for Muttaqi was to travel between May 6-9 "for a meeting with the foreign ministers of Pakistan and China." The Taliban seized power in August 2021 as U.S.-led forces withdrew after 20 years of war. The Security Council committee allowed Muttaqi to travel to Uzbekistan last month for a meeting of the foreign ministers of neighboring countries of Afghanistan to discuss urgent peace, security, and stability matters.
KARACHI, Pakistan, March 7 (Reuters) - Trukkr, a fintech platform for Pakistan’s trucking industry, said on Tuesday it had raised $6.4 million in a funding round and also received a non-banking financial company (NBFC) licence. Trukkr offers Pakistan’s small- and medium-sized trucking companies a transport management system and supply chain solutions, and is unique in providing fintech to digitise the largely unbanked and undocumented industry. The seed funding round was led by U.S. based Accion Venture Lab and London based Sturgeon Capital. Haitou Global, Al Zayani Venture Capital and investor Peter Findley also participated in the round, Trukkr said in a statement. Adamjee told Reuters that Pakistan's $35 billion a year trucking industry is growing at 10% annually despite limited rail and water freight infrastructure.
ISLAMABAD, Feb 16 (Reuters) - The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt with an economic crisis. Pakistan, historically a close ally of Washington, has become increasingly close to China, which has provided billions in loans and is Islamabad's largest single creditor. Pakistan faces a crippling economic crisis, with decades-high inflation and critically low foreign exchange reserves depleted by continued debt repayment obligations. Cholett said Washington was talking to Islamabad about the "perils" of a closer relationship with Beijing, but would not ask Pakistan to choose between the United States and China. Officials from China and the United States will be part of a multi-country meeting of a new sovereign debt roundtable on Friday.
"LNG is no longer part of the long-term plan," Pakistan Energy Minister Khurram Dastgir Khan told Reuters, adding that the country plans to increase domestic coal-fired power capacity to 10 gigawatts (GW) in the medium-term, from 2.31 GW currently. "We have some of the world's most efficient regasified LNG-based power plants. The Shanghai Electric (601727.SS) Thar plant, a 1.32 GW capacity plant that runs on domestic coal and is funded under the China-Pakistan Economic Corridor (CPEC), started producing power last week. In addition to the coal-fired plants, Pakistan also plans to boost its solar, hydro and nuclear power fleet, Dastgir said, without elaborating. The maximum power demand met by Pakistan during the year ended June 2022 was 28.25 GW, more than 35% lower than power generation capacity of 43.77 GW.
BEIJING, Nov 2 (Reuters) - China will continue to support Pakistan as it tries to stabilise its financial situation, state media quoted President Xi Jinping as saying on Wednesday, during a visit by Pakistan's prime minister to Beijing. Pakistan was expected to seek debt relief from China, particularly the rolling over of bilateral debt of around $23 billion. China has been involved in major mining and infrastructure projects in Pakistan, including the deep-water Gwadar port, all part of the $65 billion China-Pakistan Economic Corridor (CPEC). China will also export technology for a 160 km/h high-speed railway train to Pakistan, state broadcaster CCTV said on Wednesday. China welcomes Pakistan to expand high-quality agricultural exports to the country, and is willing to deepen cooperation in areas including the digital economy, e-commerce, photovoltaic and other new energy sources, Xi said.
Islamabad and Beijing are considered longtime close allies, and Sharif is also expected to discuss security issues while on his visit. On his two-day maiden visit to Beijing since taking office in April, Sharif will also seek some debt relief from China, in particular the rolling over of bilateral debt, an aide travelling with the prime minister told Reuters. Chinese loans - around $23 billion - make up the largest chunk of Pakistan's $27 billion of bilateral debt. Sharif will be one of the first leaders to meet President Xi since he secured a third term in power. Pakistan has indicated previously that it will seek bilateral debt relief to lessen its balance of payment problems, but it hasn't made any official announcement on whether it will formally ask Beijing for such help.
[1/5] A police officer stands guard near a passenger van, cordoned after a blast at the entrance of the Confucius Institute University of Karachi, Pakistan, April 26, 2022. Even though months have passed since the attack, Pakistani authorities remain deeply worried. Shortly afterwards, schoolteacher Shari Hayat Baloch, 30, is filmed walking in a park with her young son and daughter and later addressing the camera in combat fatigues. The Chinese officials supported Pakistan's counter-terrorism forces in areas such as CCTV footage enhancement and data retrieval from cell phones, the ministry said. On the day of the Karachi attack, Habitan, a dentist, tweeted that he was "beaming with pride" at what his wife had done.
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