November 19, 2021
1 min read

CPEC projects hit snag in Pakistan

The joint chamber has established an online platform to provide assistance in solving the problems and issues of Chinese companies pertaining to domestic policies and regulations….reports Asian Lite News

The increasing number of joint ventures between Islamabad and Beijing under the multi-billion dollar China-Pakistan Economic Corridor (CPEC) are confronted with some practical difficulties, The Express Tribune quoted an official as saying

In an online address to the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) executive committee on Thursday, its President Wang Zihai called for the swift resolution of issues and removal of impediments.

“The government of Pakistan is fully cognisant of the issues and this has led to the creation of alternative dispute resolution courts in the country,” The Express Tribune report quoted Wang as saying.

The joint chamber has established an online platform to provide assistance in solving the problems and issues of Chinese companies pertaining to domestic policies and regulations.

He hailed the initiative of the chamber to facilitate foreign investors who entered into business partnerships with Pakistani entrepreneurs.

Speaking on the occasion, PCJCCI Senior Vice President Ehsan Chaudhry assured the participants that the interest of investors engaged in joint ventures under CPEC would be protected.

“Along with the online platform, the PCJCCI will keep on playing a proactive role in overcoming the difficulties faced in the implementation of joint ventures being established in collaboration with foreign firms.”

ALSO READ: China building border villages in Bhutan

Previous Story

Prakash Padukone to receive BWF award

Next Story

Life of drama, colour and emotion

Latest from -Top News

New Zealand PM Due in India

During his visit, Luxon will hold talks with Prime Minister Narendra Modi on March 17, covering various aspects of India-New Zealand relations…reports Asian Lite News New Zealand Prime Minister Christopher Luxon will

India Reaffirms Support for Mauritius on Chagos

Foreign Secretary Vikram Misri said there is already a lot that India has accomplished with Mauritius in terms of contributing to its maritime safety and security-related issues…reports Asian Lite News India has

Indian Diaspora Awaits Modi in Mauritius

In the village of La Laura-Malenga in Moka District, residents are preparing special celebrations for the Prime Minister’s visit, which coincides with Holi…reports Asian Lite News Indian diaspora members in Mauritius are

South Africa to host Zelenskyy in April

South Africa has adopted a neutral position in the war and has attempted to act as a mediator between the sides, although with limited success Ukrainian President Volodymyr Zelenskyy will visit South
Go toTop

Don't Miss

IMF remains stubborn on Pakistan

IMF does not seem to be ready to show any

Gen Bajwa asks military to step up vigil on borders

Last month, the Pakistan Army had expressed concern about the