VisionHawk
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Chinese funding for development projects in Pakistan reaches $2 billion: Officials 
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BEIJING, Dec. 30 (APP): Chinese funding or financial commitments for the ongoing public sector development projects in Pakistan have reached over dollar 2 billion. China has been a source of developing basic infrastructure in the country, like Gwadar seaport, Chashma nuclear power plant, Railways' up-gradation, and mineral projects. These are in addition to a large number of other joint ventures, undertaken in the private sector. There are some projects in the process of negotiation, including Thar Coal, Karakarum Highway, Jinnah Hydro Power project and oil and gas exploration.
The Chinese companies have also shown interest in the privatization of Pakistan Steel, Jamshoro Thermal Power plant as well as in the privatization of PTCL. Official sources while giving a review of Sino-Pak cooperation in the year 2005 said it reflected the two countries' resolve to put greater emphasis on their economic cooperation. " We received the Chinese assistance along with the transfer of technology, which helps the country to achieve self-reliance in various sectors", said Pakistan's Ambassador Salman Bashir while talking to APP. China's role in mineral sector has also been highly remarkable in the outgoing year. The export of copper was amounted to US $68 million during January to October 2005, according to the Chinese Customs Authorities.
Development of Gwadar seaport, scheduled to be functional in 2006 will serve as another milestone in the realm of bilateral cooperation. In order to face the quota restriction problem, some Chinese companies have shown willingness to set up their manufacturing units in Pakistan, especially of value-added textile products to further develop their exports, the ambassador added. They are also attracted by a favourable economic environment in the country. The year 2005 witnessed a qualitative up-gradation of their bilateral relations in various sectors including the defense production.
The bilateral ties had received greater impetus, with a signing of joint declaration in December, 2003 by the Chinese President Hu Jintao and President Pervez Musharraf that set a direction to reinforce their strategic partnership, bringing it to a new height in the 21st century. Later in April, 2005, Premier Wen Jiabao and Prime Minister Shaukat Aziz signed a friendship treaty and some other agreements, including the "Early Harvest Programme" to push forward their all-round partnership. At the diplomatic front, the two countries maintained close cooperation in the multilateral fora.
They supported each other internationally in pursuit of the common objectives of peace and development at regional level. They took a unanimous position on important issues, like war against terrorism, UN's reforms as well as peace efforts in Iraq, Afghanistan and Middle East. Similarly, China consistently supported Pakistan's initiatives to peacefully resolve its disputes with India.
g BEIJING, Dec. 30 (APP): Chinese funding or financial commitments for the ongoing public sector development projects in Pakistan have reached over dollar 2 billion. China has been a source of developing basic infrastructure in the country, like Gwadar seaport, Chashma nuclear power plant, Railways' up-gradation, and mineral projects. These are in addition to a large number of other joint ventures, undertaken in the private sector. There are some projects in the process of negotiation, including Thar Coal, Karakarum Highway, Jinnah Hydro Power project and oil and gas exploration.
The Chinese companies have also shown interest in the privatization of Pakistan Steel, Jamshoro Thermal Power plant as well as in the privatization of PTCL. Official sources while giving a review of Sino-Pak cooperation in the year 2005 said it reflected the two countries' resolve to put greater emphasis on their economic cooperation. " We received the Chinese assistance along with the transfer of technology, which helps the country to achieve self-reliance in various sectors", said Pakistan's Ambassador Salman Bashir while talking to APP. China's role in mineral sector has also been highly remarkable in the outgoing year. The export of copper was amounted to US $68 million during January to October 2005, according to the Chinese Customs Authorities.
Development of Gwadar seaport, scheduled to be functional in 2006 will serve as another milestone in the realm of bilateral cooperation. In order to face the quota restriction problem, some Chinese companies have shown willingness to set up their manufacturing units in Pakistan, especially of value-added textile products to further develop their exports, the ambassador added. They are also attracted by a favourable economic environment in the country. The year 2005 witnessed a qualitative up-gradation of their bilateral relations in various sectors including the defense production.
The bilateral ties had received greater impetus, with a signing of joint declaration in December, 2003 by the Chinese President Hu Jintao and President Pervez Musharraf that set a direction to reinforce their strategic partnership, bringing it to a new height in the 21st century. Later in April, 2005, Premier Wen Jiabao and Prime Minister Shaukat Aziz signed a friendship treaty and some other agreements, including the "Early Harvest Programme" to push forward their all-round partnership. At the diplomatic front, the two countries maintained close cooperation in the multilateral fora.
They supported each other internationally in pursuit of the common objectives of peace and development at regional level. They took a unanimous position on important issues, like war against terrorism, UN's reforms as well as peace efforts in Iraq, Afghanistan and Middle East. Similarly, China consistently supported Pakistan's initiatives to peacefully resolve its disputes with India.
