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

UN Watchdog Raps China on Tibet Abuses

Raising concerns about the human rights violations in China, Turk highlighted the lack of progress on much-needed legal reform to ensure compliance with international human rights law….reports Asian Lite News United Nations

At G7, Modi Calls Out Terror Backers

Emphasising the security challenges, PM Modi called upon countries to strengthen the global fight against terrorism…reports Asian Lite News While participating in the G7 Outreach Session in Kananaskis, Canada, Prime Minister Narendra

Blast Derails Jaffar Express in Balochistan

According to police officials, the blast created a crater approximately three feet wide and deep, damaging nearly six feet of railway track….reports Asian Lite News At least six coaches of Pakistan’s Jaffar

India Presses SCO to Name Pahalgam Terror Act

India has urged that the official outcome statement of the upcoming SCO summit should include a condemnation of the Pahalgam terror attack…reports Asian Lite News India has urged that the recent terror

Carney Welcomes Modi to Canada

Prime Minister Narendra Modi arrived in Calgary on Monday morning to attend the G7 Summit at Kananaskis, his first visit to Canada in a decade. Prime Minister Narendra Modi was on Tuesday
Go toTop

Don't Miss

IMF team to visit Pakistan next month

The announcement was made at a press briefing here on

Pakistan slips further in Press Freedom Index

According to the RSF report, Pakistan has fallen by 12