cpecnews news صفحۂ اول

China’s economy is back on a positive track, set to accelerate CPEC and FTA-II

  • April 25, 2020
China’s economy is back on a positive track, set to accelerate CPEC and FTA-II
Image caption China’s economy is back on a positive track, set to accelerate CPEC and FTA-II

ISLAMABAD: Prime Minister’s adviser on commerce and industries, Abdul Razak Dawood has said China has entered into an economic recovery phase after successfully overcoming Covid-19 outbreak at home.

“The Chinese economy is recovering after coronavirus shock and the stabilisation of its economy will also benefit Pakistan in a big way in the China-Pakistan Economic Corridor (CPEC) and other business sectors, he said while talking to a local TV channel on Thursday night.

“The (tariff reduction arrangements of the) second phase of Pakistan’s Free Trade Agreement with China is operational since Jan 1, and we are hopeful that the moment the Chinese economy is back on its original trajectory, our exports to China will also increase,” the advisor added.

Speaking about the impact of the novel coronavirus on the Pakistani economy, Dawood said that the virus has adversely affected the economy as a 70 per cent decline in the country’s exports has been witnessed in April as compared to last year, and the country is feared to lose an estimated 3 to 4 billion US dollars due to the decline in exports.

“There is no doubt that the Pakistani economy is in a critical condition, but there is still a hope as in the past few days we have started receiving some export orders, and we are hopeful that the orders will gradually increase and the economy will get a significant support from this sector.”


CPEC is set to boost Pakistan-China industrial cooperation: Ambassador Yao Jing
Chairman BoI pledges support to SEZ investors
CPEC is a transformational project, contributing to the socio-economic development of Pakistan: MOFA
State-Owned Enterprises (SOEs) in Xinjiang donates anti epidemic material to Pakistan
Chinese military medical team visits NCOC, shares expertise to tackle COVID-19
Thar-block II is making progress under CPEC; workers enjoy good health and spirit
Xi Jinping replies to letter from Pakistani students studying in Beijing
Pakistani students are overwhelmed to receive President Xi reply to their letter
Chinese media house set to host a webinar highlighting joint efforts on locust control in Pakistan
China sends more medical supplies to Pakistan via two special flights from Shanghai and Chengdu
China’s Hubei province sends medical experts and supplies to Pakistan
China-Pakistan discuss an action plan to expedite ML-1 railway project under CPEC
China sends more medical supplies to Pakistan to fight COVID-19
Environment-friendly infrastructure development under BRI is vital to the post COVID world order: Adil Najam
CPEC enjoys priority, pivotal for socio-economic development of Pakistan: Gen (retd) Asim Saleem Bajwa
Lahore Orange Line Metro Train project enters final phase
Chinese Consulate in Karachi donates medical supplies and relief assistance to combat the COVID-19
China-Pakistan to deepen Military Cooperation amid COVID-19
CPEC is a savior of Pakistan’s economy amid the pandemic outbreak
No case of Coronavirus is reported at CPEC site
CPEC western route is set to complete next year
Suki Kinari Hydropower Project under CPEC is making progress despite COVID-19
China continues to provide medical assistance and relief packages to help Pakistan fight COVID-19
69% of work on Islamabad-DI Khan Motorway under CPEC is complete
China ensures steadfast support to Pakistan to achieve sustainable development goals
Port Qasim Coal-fired power plant continues safe power generation amid the outbreak of COVID-19
Pakistan is committed to take CPEC to new heights
China sends a batch of locust control material to Pakistan
Punjab police prioritize the security of Chinese experts
A leading Chinese company to set up an industrial unit of agriculture manufactures in Pakistan