Jinshan Chemical Technology (Pvt) Limited Cordially invites Pakistan Coating Show


Jinshan Chemical Technology (Pvt) Limited Cordially invites Pakistan Coating Show

* INVITATION *
We Jinshan Chemical Technology (Pvt) Limited ( CPECB  Founder Member)  Cordially invites you to visit our Booth( 41-46) Hall # 2 at Pakistan Coating Show Date: 19-21 May 2022 at Expo Center Lahore. Also visit our Booth ( 9M2) at Middle East Coating Show, Date: 14-16 June 2022 at Dubai World Trade Center. 

Belt and Road initiative is moving strongly

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CPECB B2b networking event that sets a Trend

Leading players of business industry establish collaborations at CPECB event

Several important collaborations and business deals were established at an event organised by China-Pakistan Economic Corridor Businessman Bridge (CPECB) at Karachi gymkhana on 28th July, 2018.

 

Prominent personalities like Dostain khan Jamaluddin Chairman Gwadar Port Authority , Ahmed Iqbal Baloch President of GBDA (Gwadar Builder and Developer Association)  Member of CPNE (Council of Pakistan Newspaper Editors) Member of PB (Pakistan Broadcasters Association) Vice President of CPEC Media Forum Member of Gwadar Chamber of Commerce, Zahid Umer Chairman Pakistan China Business council , Mr. Imran Ghani Director Dollar Industries Mr. Shazad officials of China overseas port holding company , Tariq Gul from Pak Afghan Cargo, Aslam Pardesi from Pardesi group of companies , Maqsood Zulfiqar from Rastgar, Mariam Chaudhary from Mass Human Resource, Lt. Col Maqbool Afridi  from Gwadar Business Association (PVT) Ltd, Asad Fecto from Fecto Cement , Muhammad Shareef Baloch from Baloch Estate , Commander Adil Rashid , Muhammad Ali Zia from Alizai Studio, Obaidullah Shareef from the Recruiters, Mr Vaqar from Chase International, Mr Qazi from Voice of Gwadar , Amir Nadeem from Insync Business Solutions, Muhammad Siddiq VP standard Charter Bank, Miss Erum, Abdul Ghaffar from Fenchem Biotek (Pvt) Limited, Muhammad Jahangir from Durrani Associates, Muhammad Adeel from ITS Industries (pvt) Ltd ,Abdul Basit from Hafiz construction company,  and others were present on the occasion.

It was the first networking event regarding CPEC where a number of business opportunities were explored by leading players of the industry.

Through CPECB events, its members have been able to interact with each other to explore avenues of profit. CPECB businessman family is increasing rapidly and contributing extensively to development of CPEC. It is the only platform which connects all businessman and trade bodies under one roof.

Today if you like to connect with CPECB and CPEC project and specially want to interact with other businessman to enhance your business no matter you are local or looking to invest in Pakistan, CPECB is the main source to connect. CPECB offer businessman across the globe an easy way to connect entire officials through online portal and with their own app messenger which offer multiple language translation. Not only this, but CPECB organises time to time events to enable personal interaction which you will not find anywhere else.

Businessman can apply for CPECB membership through their online portal https://www.cpecb.com and verified their profile ones .

We are thankful to CPECB which is working hard to play its part in building strong economy under Pak China friendship and one belt one road. It is a $ trillion project initiated by China.

Pak-China friendship Zindabad

Photo credit: Muhammad Ali Zia ( Ali Zia Studio )

CPEC Culture Exchange Iftaar!

 

Mass HRS & CPECB arranged Iftar Dinner in Honor of Zubair Tufail past President of FPCCI @ Marriot Hotel MNA’s High officials & Business Leaders attended this Iftar Dinner , Where culture is exchange with our Chinese friends from China Linyi Trade City  to show the value of our islamic culture and value of Ramadan and iftari .Discuss Dr Fouzia Hameed MNA and Tony chairman Linyi city CPEC Gwadar . Other dignities including Shakeel Dhingra , Naheed Masood , Noor Afshan , Changgaz khan , Brig Abuzar , Hasssn BAKSHI , Asadullah Shah, Riaz Mehar ,Obaidullah Sharif, Muhammad Imran, Muhammad Farooq, Shakeel Anjum, Hasan Khan, Ismail Pardesi, Kamran Alam, Shazad Ganatra, Abdul Hanan,Khalid Perwaiz, Eum, Farhan Babar, Amir Nadeem, Faisal Malik, Muhammad Ali Zia,Zeeshan Zubair, Ramsha Jahangir,Sitwat Afzal,Jamal Haider  attended the function .Tony presence made it good

Zubair Tufail Attend iftari of CPECB
Zubair Tufail
Mariam Chaudhry
Mariam Chaudhry
Sami Vohra
Sami Vohra

 

 

 

 

 

 

 

Honourable Zubair Tufail chairman of Tufail group of companies  share his concern about Pakistan industry and talk about growth of Pakistan business and share valuable culture of Pakistan with our Chinese friends for stronger ties and exchange of culture between two countries nation .

Mariam Chaudary who is known to be one lady who make the entire nation proud by her effort and work for the betterment of country . As she is also active member of CPECB and great participant for the businessman bridge of CPEC.

Mr Sami Vohra playing fruitful role in connecting businessman through his portal (CPECB) in Pakistan and Chinese businessman to enhance their networking directly and valuable . Mr Vohra share his valuable knowledge among the member of respectable guest  and introduce CPECB private messenger app which will bring the business community more closer under one roof .

 

 

Road Map of Technology and E-commerce in Pakistan Conference

Mass Human Resource Services

Road Map of Technology and E-commerce in Pakistan Conference

October 21, 2017 , Marriott Karachi

About Event

Mass HRS is Recruitment and IT consultancy firm since 2008 . Founder of Organization has vast experience of Technology in the development in Pakistan. The Event “Road Map of Technology and E-commerce in Pakistan” will be organized on October 21, 2017 at 3 PM to 7 PM at Marriott Karachi ,  to reshape and Innovation in technology and thought infrastructure Industry . Following areas would be catered and discussed.

 

Event Objective

Summit will be objected to create awareness among Business community with the importance of Technology . Many business could be started in core areas with minimum budgets . Our goal is to offer affordable training that provides the Business community and  industry the tools to work in a safer, more efficient manner. Road Map of Technology and E-commerce in Pakistan Conference features cutting-edge topics for its panel discussions. The leadership of the telecom, broadcast & IT industries will converge at the Event to discuss the key issues and trends that will impact this critical sector of the economy.

Schedule & Topics

 

Road Map of Technology and E-commerce in Pakistan Schedule (Tentative)
S#TimeDescription
12:30Registration and Start
22:45Welcome address
33:00Business Marketing through Internet and website
43:15Data Centers and Data Management , Trends in Data Visualization
54:15Benefits of ERP /CRM Technology
64:30Pakistan an Outsourcing Destination
74:45Innovation in Large Enterprise businesses
85:00Open Source Accounting software and Technologies
95:15What we look in Outsourcing Partner
105:30Vision of Startups and Entrepreneurship among Technology hunters
115:45Mobile commerce and Business Community Trust
126:00Guest of Honour’s speech
136:15Chief Guest’s  Speech
146:30Votes of Thanks and Group photo section
Hi Tea

 

Information For Registration  

 

Please register your self

https://www.cpecb.com/events/road-map-of-technology-for-pakistan/

Details

Ms. Sajida Siraj

Corporate Communication  & Event Coordinator

Mass Human Resource Services

 

Voice:              021-34331056, 0301-2641007

Office:                         204,2nd floor, Jason Trade Center (Lal Kothi),

Sharah-e-Faisal, Karachi.

Web:               http://masshrs.com

 

CPECB has become medium to connect Chinese Businessman

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China Pakistan Economic Corridor Businessman network has earned the title of honored and respected businessman network which has become a major medium to connect Chinese businessman with Pakistani businessman and all other belt and road member countries businessman directly.CPECB is maintaining its policy and services very strictly which allow the only businessman to become a member and building strong networking with other members in a note of business deals.

CPECB has offered multiple privacy to its members to ensure only active businessman who is importer, exporter, industrialist or services provider can interact with the clean and respected network to establish serious business relations.

As CPEC is getting in action where lots of businessmen looking for medium to connect with Chinese, Pakistani and another belt and road member countries like

BRUNEI , CAMBODIA ,INDONESIA .LAOS ,MALAYSIA ,MYANMAR ,PHILIPPINES ,SINGAPORE ,THAILAND ,TIMOR-LESTE,,VIETNAM,BANGLADESH,BHUTAN,MALDIVES,NEPAL,SRIANKA,,AFGHANISTAN,ARMENIA,AZERBAIJAN,GEORGIA,KAZAKHSTAN ,KYRGYZSTAN ,TAJIKISTAN ,TURKMENISTAN ,UZBEKISTAN, MONGOLIA REPUBLIC,OFKOREA,ALBANIA,BELARUS,BOSNIA,ANDHERZEGOVINA,BOSNIA,AND,HERZEGOVINA ,BULGARIA ,CROATIA ,CZECH ,ESTONIA ,HUNGARY ,LATVIA ,LITHUANIA ,MACEDONIA ,MOLDOVA ,MONTENEGRO ,POLAND ,ROMANIA ,RUSSIA ,SERBIA ,SLOVAKIA,,SLOVENIA,TURKEY,UKRAINEAFRICA,AUSTRALASIA,ETHIOPIA ,BAHRAIN ,EGYPT ,IRAN ,IRAQ ,ISRAEL ,JORDAN ,KUWAIT ,LEBANON,OMAN ,PALESTINE ,QATAR ,SAUDI ARABIA ,SYRIA UNITED ARAB EMIRATE UNITED ARAB EMIRATE AND YEMEN etc.

CPECB.COM is active and in action which will enhance Pakistan export, trade, service, construction, agriculture, automobile, Technology, human resources and all the industry which are active in Pakistan or planning for new incorporation through CPECB.COM because non Pakistani who are interested can reach all sector companies owners in one place and get facilitate to establish business by developing relations and that what CPECB.com is offering.

If you are also looking to interact with above region members then you can apply for cpecb.com membership. For reference, you can visit https://www.cpecb.com

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The China-Pakistan Economic Corridor (CPEC) has resonated at the World Trade Organization (WTO) in Geneva.

A roundtable focusing on the “One belt One Road” (OBOR) initiative of China was jointly organized by the International Centre for Trade and Sustainable Development (ICTSD) and Chinese Centre for International Economic Exchange (CCIEE) for ambassadors, delegates and trade experts at WTO. It is considered a part of Chinese global economic diplomacy, a message received by The News from Geneva said.

“The CPEC epitomizes South-South trade and investment at its best. It is providing stimulus to a deep regional economic integration and creating a trading block of three billion people – nearly half of the planet, which include half of world’s extreme poor. The deepening of economic integration will lower trade costs, essential for ending poverty” Pakistan’s Ambassador to WTO Dr Tauqir Shah said while speaking at a Belt and Road Initiative (BRI).

CCIEE Chief Economist Ms Wenling Chen, who was keynote speaker, showcased the CPEC as key example of what BRI stood for and frequently referred to the game-changer while explaining BRI to participants of the roundtable. She cited CPEC as an excellent example of intergovernmental coordination.

She highlighted the role of OBOR in global economic integration, explained the driving forces and objectives of BRI, underlined the interaction and mutual support between BRI and other components of global trade governance and how BRI can strengthen and guard multilateral trading system.

Ms Wenling Chen said BRI is for cooperation, peace, and mutual benefit of all the 60 plus countries involved in this initiative. She said OBOR is about connectivity, quality intra-governmental coordination, infrastructure development, trade, investment, global supply chains, financial integration and ultimately for elimination of poverty and development of whole region and 2 world at large.

While commenting on BRI, Dr Tauqir Shah gave Pakistan’s perspective on the CPEC as an early harvest component of BRI. He said OBOR is immensely important for the Global economy and critically significant for Pakistan.

“The CPEC, a US $54 billion initiative, has all the vital elements of economic development like – transport, highways, railways, ports, urban metro, industrial parks, information technology, last but not the least energy – considerable part of this is renewable energy.”

The ambassador said the CPEC is proving to be a game-changer for Pakistan and the region, and will be a bridge between three engines of growth, – China, South Asia and Central Asia.

While highlighting economic significance of CPEC for Pakistan, he said the country had a four to five thousand MW energy deficit in 2013, which is 25% of its total generation capacity; and it was costing us 2% of GDP growth. “This development deficit needed an initiative of “Big Bang Scale”, like – CPEC. It is a set of 55 projects – 75% of funding is for providing 17000 MW of energy, over next ten years. This includes solar, hydro and Wind energy projects, many of these being foreign direct investment of Chinese private sector.”

Dr Tauqir Shah said the CPEC has created opportunities for everyone. The solar and wind energy projects have wind turbines and other components from Europe. “Our solar projects have consultants for quality assurance from Germany. During 2016, exports from Europe to Pakistan increased by more than 20%, from US $4.2 billion to $5.2 billion, primarily due to increased economic activity resulting from infrastructure development through CPEC.”

Citing another example to show the impact of CPEC on economy, he said that spurred by the CPEC infrastructure projects, Pakistan’s cement industry is expected to increase its capacity by 56 % to 70 million tons in next five years; Pakistan’s cement sector profitability grew 17pc in the last one year on account of higher domestic demand – credit to the construction sector as of Dec 2016, increased by 26pc.

The ambassador said the speedy implementation of the CPEC and the economic stimulus brought about by it has led to increase in demand of cement across Pakistan. Majority of existing cement plants in Pakistan are expanding, and licenses to set up 10 new plants has been given to foreign investors—mostly foreign direct investment.

He said that the hallmark of the CPEC is the north south highway and rail link, designed to link Arabian Gulf coast of Pakistan at Gwadar in south, to north western Chinese region of Xinjiang and Kasghar, thus reducing the distance of China’s northwest from Arabian Gulf from 14000 kilometers to 2500 kilometers, transforming the trade cost for whole region. “We firmly believe the CPEC will result in increase in trade, investment and financial flows, bringing peace and prosperity to the region and even beyond.”

Real estate sector development in Gwadar

Historically, a small fishing village, Gwadar has gone a major transformation and now sits at the heart of Balochistan. The multi-billion dollar One Belt, One Road initiative by China has caused the rapid development of Gwadar which stands at the mouth of a deep sea port. The pace of CPEC development is the fastest in Gwadar owing to the geo-strategic importance the place holds.

Out of the initial $46 billion funded by the Chinese government, only $7 billion is being invested in about multiple different projects around Balochistan. These include:

  • The establishment of New Gwadar International Airport and CPEC Support Unit for projects and activities in Gwadar Port.
  • Construction of rail link from Gwadar to Karachi.
  • Construction of Gwadar-Turbat-Hoshab section of Gwadar-Rathodero Road (892 km) and enhancing the capacity of N-85 Hoshab-Nag-Basima, Surab Road (459 km).
  • Infrastructure development for Export Processing Zones Authority and Gwadar Industrial Estate Development Authority.
  • Water treatment, supply and distribution and a feasibility study for construction of breakwaters that would act against floods.
  • Construction of 300MW coal-fired power plant.
  • Pak-China Technical and Vocational Institute at Gwadar.
  • Up-gradation of existing 50-bed hospital to 300 beds in Gwadar.

On 19 January, 2015 Prime Minister Nawaz Sharif said, “Development of Balochistan is close to my heart,” and has thus set the tone for the overall development of the province. From the above list it can be seen that the various development projects under CPEC are more concentrated in Gwadar. Even though it may seem that there isn’t much being done in keeping up with the PM’s statement, there seems to elaborate plans for the whole of Balochistan by the government.

Balochistan is the largest province of Pakistan with the lowest population; it is home to only 5% of the entire country’s population. This scant population is scattered in far flung areas, that aren’t easily accessible. Therefore, the government has decided to first create Gwadar as the central hub for all economic growth and then to spread this all throughout Balochistan. The government believes that the establishment of Gwadar will set in ripple effects that would then eventually spread all towards Balochistan. Hence, the government is concerned with first creating urban centers from which then ripple effects will set in towards the other less developed regions of Pakistan.

Gwadar Professional at Ministry of Planning, Development and Reform, Mr. Arif Nazeer said, “Gwadar is the main economic hub for CPEC, therefore, all socio-economic development for Balochistan is concentrated in this region. All the development that’s taking place in Gwadar is inclusive of the development in Balochistan, as Gwadar is a part of the province.” He outlined various projects that are in the feasibility stage of being implemented under Social and Economic Welfare such as the establishment of Health units and Educational institute, railway lines, international airport, steel mill etc. These projects, he added, depend upon the projects under CPEC as these would ensure transportation of raw materials and labor etc. He added, “Previously it used to take an entire day to travel by road from Quetta to Gwadar, now with the completion of Quetta Mass Transit Road it takes barely 6-7 hours.  Such projects are providing us with linkages that were previously unavailable to us and so we need to focus on these first, to be able to maneuver the situation in the entire Balochistan.”

Furthermore, he said the twelve projects under CPEC (about seven of which are funded by Chinese grants) are being carried out in collaboration with the Balochistan government. Furthermore, the different projects under consideration at the provincial government all depend heavily on these eleven projects that are being funded by the Chinese investors. Therefore, the government has decided that it is economically viable to focus on Gwadar first and then from here find inroads to the entire province.

Presently, local and foreign investors are showing tremendous interest in the realty sector of Gwadar. People from all over Pakistan are investing in Gwadar’s real estate; buying commercial and residential plots. This is primarily because of the high level security that is being ensured by both Pakistani military and Chinese security personnel.

Data at Zameen.com has shown that projects like Canadian City Gwadar, S & S Gwadar and Burj Al Gwadar are drawing huge crowds of investors. This heightened activity has attracted away investors from Karachi, Lahore and Islamabad. Zameen.com CEO Zeeshan Ali Khan said, “We have seen spikes of 235.7% for plots, 291.42% for commercial property in the last year.”

Realtor Waqas Naseer of Universal Property Network (UPN) thinks that the future of Gwadar is bright. “In Gwadar, there is an active involvement by both Pakistani and Chinese government. Government is developing co-operative societies like New Town, Jinnah Avenue etc along with different investors. The success of Gwadar is because of the extensive security measures taken by Pakistan Army,” he said.

When questioned about the overall development of Balochistan he said, “It will take Gwadar a minimum of 4-5 years to be up and running and only after this will investors move to other areas of Balochistan. Gwadar will be at the heart of CPEC and all development in Balochistan will stem out from here. Presently, all activity is concentrated in Gwadar as it is no longer the Gwadar of 1988 when news regarding it first started to surface. In no time it will surpass Dubai with its pace of development.”

Real estate sector development in Gwadar is the most profound under CPEC and the rapid pace of development will further strengthen the entire province’s development in the near future.  It is, of immense importance that the government keeps up with its plans in Gwadar as this is the only road to the overall development of Balochistan

FBR to play crucial role in CPEC by setting up business friendly system

Minister for Planning, Development and Reform, Ahsan Iqbal has asked Federal Board of Revenue (FBR) to finalize a detailed plan to ensure its crucial role in China Pakistan Economic Corridor (CPEC) by setting up business friendly and state of the art documentation system, monitoring and implementation as well as evaluation and assessment mechanism.

He issued these instructions while addressing a Business and Research Seminar on China Pakistan Economic Corridor organized by Directorate of Training and Research (Customs), FBR here on Friday.

Secretary Planning, Development & Reform, Shoaib Ahmad Siddiqui was also present on the occasion while Project Director CPEC, Hassan Daud Butt the briefed the participants regarding CPEC projects.

Minister noted that Customs has to play a crucial role in CPEC to facilitate effective channels for engaging Pakistan in global supply chain and assist in developing Pakistan’s market oriented economy and industries.

He said that Pakistan needs to synergize with fast industrialization process and innovations in technologies to ensure rapid growth and inclusive development in the country.

CPEC has provided an opportunity to promote new markets and connectivity across the entire region and there is need for further cooperation, Minister remarked while highlighting impact of CPEC on Pakistan and the region.

Minister said that historically all countries progressed by virtue of partnerships. Japan and South Korea had developed due to USA and India progressed due to alliance first with USSR and now USA. Days of non-alignment are over, he added.

Ahsan Iqbal said that Pakistan was lucky to have a time tested relationship with China. Our Vision 2025 and China’s Annual Plan complement each other Minister remarked, saying that CPEC has transformed this bilateral relation from strategic into economic nature. Minister said that currently, CPEC is fastest developing corridor in entire Belt and Road Initiative and a number of its early harvest projects are attaining completion.
Pakistan has completed Sahiwal Coal Fired critical technology plant in record time, setting a precedent that together, Pakistan and China can do wonders, Ahsan Iqbal added.
Today is the age of discovery, innovation and speed wherein old concepts as well as paradigms have become redundant, minister noted, saying In past, big used to eat small but now, fast eats slow.Every nation state has to adapt to new ways and technology.

Ahan Iqbal said that 4 ‘I’; investment, industries, information and individuals are crucial for development of any country, now beyond control of nation states.

Every country has to attract global investment and make country attractive investment destination. Security, stability of policies and sustainable growth paves way for ensuring an attractive investment destination Minister added.

Minister said that engaging country in global supply chain is crucial for industrial development. Today, manufacturing has taken shape of global supply chain as industries are going global. Toyota Japanese automobile industries are producing more vehicles in USA than Japan he added.
Information can’t be confined to geography due to age of internet while individuals have to go with tide of time and make valuable contributions by spotting opportunities and hitting at right spots without waiting for any help, Minister added.

Ahsan Iqbal said that we are at the tip of 4th Industrial revolution; an age of big datacloud computingand robotics where basic economics have to redefine their ways. We might be victims if we don’t embrace change he remarked, adding that there can be three responses to such changes; either embrace change proactively by developing our capacity and becoming competitive, wake up when the change happens and make compromise with the change or Ignore the Change and get wiped off the scene forever.

He said that in 2013, Pakistan was facing 18 to 20 hours of power outages and the country had a serious threat of civil war, whereas, industries were packing up and multi nationals were leaving Pakistan. 9% of GDP used to go for servicing deficit and stock market had crashed. We were at brink of default in 2014, Ahsan Iqbal noted.

He said that the present government had developed Vision 2025 to build a long term development planwhich has put Pakistan back to center stage of economic growth. We aim to enlist Pakistan in top 25 economies of the world. Minister said that today, deficit is down to 5% of overall GDP and foreign reserves have risen to 22 billion US Dollar while Pakistan stock exchange index has gone to 50000 points until recent political instability and negativity that has done huge harm to our development progress.

We need to ensure stability, social solidarity, internal harmony, reforms, improve and align ourselves with international happening. Otherwise our ship will sink, Ahsan Iqbal observed.

Ahsan Iqbal further told that we have seized the moment where 85 million labour intensive jobs in China are to be relocated. Otherwise the opportunities will go to Laos, Cambodia and other parts of world he said, adding that our industrialization should be robust and competitive in order to completely capitalize on this geo economic mega regional initiative.

Minister informed that 4 auto mobile companies have expressed interest in investment in Pakistan, while there will be more interest in investment from around the world provided that we develop internal harmony and ensure political stability.

Private sector urged to play role to multiply CPEC gains

ISLAMABAD/RAWALPINDI –  Private sector has immense potential to supplement the China Pakistan Economic Corridor (CPEC) projects and stimulate industrialization in the country, said Board of Investment (BoI) Secretary Azher Ali Choudhary on Thursday.

While addressing a session of “All Pakistan Chambers Committee on CPEC” organised by Rawalpindi chamber of commerce and Industry (RCCI), he said, “Private sector’s role will accelerate development to generate employment, scale up practical solutions especially for non-infrastructural development along the CPEC such as healthcare, water and food supplies, education, and housing, and to plug gaps in developmental and financial challenges.”

He further said that Pakistan and China are tied up in strong brotherly relations since the establishment of their diplomatic relations more than half a century ago. The mutual understanding and goodwill has certainly enabled substantial enhancement of bilateral co-operation in all sectors. “Our ultimate objective is achieving socioeconomic stability through sound development policies,” he added.

For Pakistan, the development in trade and industry is the main gain from CPEC as a driving force for economic growth and taking the fruits of CPEC to the lesser developed regions of Pakistan. Industrial cooperation is that component of CPEC, on which the sustainability of whole CPEC project is dependent. The role of private sector is more crucial and important in this phase of CPEC, he added.

Meanwhile, Rawalpindi Chamber of Commerce and Industry (RCCI) President Raja Amer Iqbal has said the business community recognises CPEC as a game changer and urges the government to focus on the 4th part of CPEC plan, which is industrial zones development.

“The government of Pakistan should negotiate with the Chinese government to evolve a policy to have joint ventures between Pakistan and China for long lasting win-win cooperation. The joint ventures between Chinese and Pakistani companies will increase the ownership of the key stakeholders.

“The labour-intensive industry from CPEC shall be relocated to Pakistan to boost the local employment”. Rawalpindi Chamber of Commerce and Industries (RCCI) President Raja Amer Iqbal said while addressing a press conference.

The RCCI president said that the CPEC is the flagship project of multi-billion dollars One belt one road (OBOR) initiative and the success of this key mega project will bring the economic revolution in the country and the region. However, CPEC must not fall to smuggling as we observed in Afghan Transit Trade route. We demand a strong security system to monitor exchange of goods via CPEC route, he added. “We want CPEC smuggling free corridor”, said RCCI President. He demanded that 85 per cent local labour must be used in the CPEC projects. The more we have local ownership in the projects the more it will be successful, he added.

China Calls Pakistan’s CPEC Fastest and Most Effective of BRI Projects

China says its large economic collaboration program with Pakistan has entered “the stage of early harvest”, making it the “fastest and most effective” among all projects in Beijing’s Belt and Road Initiative, or BRI.

President Xi Jinping launched the China-Pakistan Economic Corridor, or CPEC, two years ago, during his landmark visit to Islamabad. Cooperation has since cemented decades-old relations between the traditionally close allies.

China is investing about $60 billion on a network of roads, railways, fiber optic cables, energy pipelines, industrial clusters and special economic zones in Pakistan.

The corridor will link China’s western region of Xinjiang to the Pakistani port of Gwadar on the Arabian Sea, giving the Chinese region the shortest trade route to international markets.

China’s acting ambassador to Islamabad, Lijian Zhao, says that 19 CPEC projects worth about $19 billion are either completed or in progress.

“CPEC, as a pilot and major project of BRI, is now the fastest and most effective project among all the projects under the BRI,” he told a seminar in Islamabad.

He described the cooperation as an “unprecedented undertaking” in the history of China-Pakistan relations.

Economic cooperation connected to CPEC has employed thousands of Pakistanis and officials anticipate tens of thousands more will be hired in the next few years.

Gwadar is in Pakistan’s Baluchistan province, where deadly attacks on CPEC workers have taken place in recent months.

Some critics in Pakistan have raised concerns about the viability of CPEC, while others have questioned its implications for the country. But officials dismiss the skepticism as unfounded.

“Despite (the fact) there is this criticism and noises here and there, after this four years of hard work and joint efforts of both countries, the CPEC has not been affected by those noises. I can report to you that CPEC is going on very well on the ground,” said the Chinese envoy. He did not elaborate further.

Most of the CPEC projects are in Baluchistan. Pakistani officials allege rival India’s intelligence agency is behind the militant attacks in the province in an attempt to sabotage the Chinese investment.

New Delhi denies the charge, but officials there have voiced concerns over the corridor because it passes through the Pakistan-controlled portion of Kashmir, which is divided between India and Pakistan and both claim the Himalayan region in its entirety.

Pakistan’s foreign secretary, Tehmina Janjua, while addressing the conference, explained security challenges facing her country’s project with China.

“May I point out, unfortunately, our eastern neighbor (India) has publicly announced its opposition to CPEC. The grounds they give for their opposition are baseless,” Janjua noted.

She went on to denounce India’s opposition as “appalling” for a project that she said would bring development and prosperity to the people of Kashmir.

“China and Pakistan stand shoulder to shoulder in developing CPEC on the agreed time lines. We will continue to march ahead with complete determination, ignoring the negative voices and forcefully responding to any threat to CPEC,” said Janjua.

The Pakistani military has deployed thousands of security personnel to guard the projects and protect Chinese experts and workers.

China has also rejected reported U.S. concerns China plans to turn Gwadar into a Chinese naval base.

Major infrastructure projects being established in the Chinese-funded port of Gwadar include a Free Zone and a new international airport that will be operational by next year, officials say.

While new highways are being built and existing roads upgraded to link areas under CPEC, a coal fired power plant in the central city of Sahiwal has recently been completed, adding 1,320-megawatts of electricity to Pakistan’s national grid.

A second 1,320-megawatt coal fired power plant in the southern port city of Karachi is expected to be inaugurated by November at an estimated cast of about $2 billion.

China is also focusing on upgrading Pakistan’s railways, increasing average speeds to about 180 kilometers an hour from the current average of 80 kilometers an hour, said Chinese envoy Zhao.