No new Chinese money, yet Pakistan’s Shehbaz Sharif pushes ahead with CPEC phase 2

BEIJING (TIP)- Pakistan Prime Minister Shehbaz Sharif failed to secure funding and investments for the China-Pakistan Economic Corridor Phase-2 during his recent visit to Beijing, and he had to return to Islamabad with no new investments or mega projects and only with MoUs. A high-powered delegation led by Sharif to China did not secure any new Chinese investments as Beijing told them to seek new investments through the Business-to-Business Investment Conference, a top diplomatic source told CNN-News18.
Sharif was on a six-day visit to China to attend the Shanghai Cooperation Organisation Summit in Tianjin. He also attended the WWII Victory Day parade in Beijing.
The top source said that during the B2B Investment Conference, the Chinese investors raised security concerns with the Pakistani Prime Minister, to which Sharif admitted to the security risks in Pakistan and attempted to assure safety for Chinese investors in his country.
He also went on to announce the formal launch of CPEC 2.0 unilaterally without Chinese officials. China has not issued any statement in this regard yet.
During Sharif’s visit to China with top cabinet members, the Chinese and Pakistani companies signed $7 billion Memoranda of Understanding (MoUs) and $1.54 billion joint ventures (totaling $8.5 billion) in sectors including agriculture, electric vehicles, solar energy, health, chemical and petrochemicals, irons and steel besides others, at the Second Pakistan-China Business-to-Business B2B Investment Conference.
According to the source, Chinese investors informed Sharif about Pakistani bureaucratic hiccups and delays in the smoother operations of the investments in the country.
Addressing the security concerns of Chinese nationals in Pakistan, Sharif said that the safety of Chinese citizens is paramount for Pakistan.
Addressing concerns about Pakistan’s bureaucratic delays, the Pakistani PM assured the Chinese investors that his administration will remove all red tape hiccups in investments, the source said.

26 Comments

  1. Hey! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be fantastic if you could point me in the direction of a good platform.

  2. Just want to say your article is as astounding. The clearness to your publish is just great and that i can suppose you are a professional on this subject. Well along with your permission let me to snatch your feed to keep updated with imminent post. Thank you one million and please carry on the gratifying work.

  3. Thanks for sharing excellent informations. Your site is so cool. I am impressed by the details that you’ve on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found just the information I already searched everywhere and simply couldn’t come across. What a perfect site.

  4. The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.

  5. Aw, this was a very nice post. In thought I wish to put in writing like this additionally – taking time and precise effort to make an excellent article… but what can I say… I procrastinate alot and not at all appear to get something done.

  6. I have to get across my passion for your kindness for those individuals that require assistance with your idea. Your special dedication to passing the message around ended up being exceptionally informative and have usually encouraged workers like me to get to their objectives. Your invaluable report entails a lot to me and a whole lot more to my mates. Thanks a ton; from all of us.

  7. Greetings from Carolina! I’m bored to tears at work so I decided to browse your site on my iphone during lunch break. I love the knowledge you present here and can’t wait to take a look when I get home. I’m surprised at how fast your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyhow, awesome blog!

  8. I was just seeking this info for a while. After 6 hours of continuous Googleing, at last I got it in your website. I wonder what is the lack of Google strategy that do not rank this type of informative web sites in top of the list. Generally the top sites are full of garbage.

  9. I have been surfing online more than three hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. Personally, if all website owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.

  10. Just want to say your article is as astonishing. The clarity on your put up is simply excellent and that i could suppose you are a professional in this subject. Well together with your permission let me to grasp your feed to keep up to date with drawing close post. Thank you 1,000,000 and please carry on the rewarding work.

Leave a Reply

Your email address will not be published.