Tag: China Pakistan Economic Corridor

  • China wants to help Pakistan in green revolution

    China wants to help Pakistan in green revolution

    BEIJING: China has shown willingness to share its experience to bring green revolution in Pakistan.

    Pakistan is suffering from challenges of climate change, pandemic, and population growth. Smarter agriculture is the way forward for many countries including China.

    “The integration of information technology and agriculture will bring about the third green revolution: agricultural digital revolution,” said Zhao Chunjiang from China’s National Engineering Research Center for Information Technology in Agriculture.

    “By 2025, China’s digital agro economy will exceed a $100 billion”.

    In the past, farmers laboured for hours in the fields. But now farm work can be done with internet systems, said a staff member of the exhibitor, Ningxia Green Pioneer (Lvxianfeng) Agricultural Mechanical Services Company, which has transformed local farming model with drones, precision hole-sowing machine, driverless harvesters and plant protecting devices, remote surveillance equipment, etc. supported by the Internet of Things, cloud technology, big data, etc.

    “Spraying at a speed of 4.5 meters a second, each drone can complete what was used to be done by 25-30 workers per day, saving 80 per cent water, 30 per cent cost of plant protection, and 20 per cent-25 per cent pesticides,” company staff introduced to China Economic Net (CEN). “They can be used in rice, wheat, and maize. Take rice as an example, about $60 can be saved for each hectare.”

    To better take the advantage of the efficient digital equipment that excels on vast stretches of land, the company takes a step further to push forward scale operation by bring the scattered lands together through land trusteeship, transfer, and shareholding.

    A remote monitoring command service center has been set up for visible, standard, and digital farming. Soil, seedlings, pests, diseases, and disasters are monitored, early warnings are sent in case of abnormalities, and automatic solutions can be identified. From sowing, cultivating, to harvesting, the crops grow under close and accurate supervision.

    “Under this whole-process land trusteeship, $230 can be saved per hectare”, revealed the company staff.

    “Not all farmers trust in this new model at the beginning, but after getting to know and see what it can achieve, they started to acknowledge its benefits.”

    If there is a chance, we are willing to join the Special Economic Zones (SEZs) under CPEC, company staff said.

  • China hails Pakistan for BRI initiative, exploring Silk Road

    China hails Pakistan for BRI initiative, exploring Silk Road

    BEIJING: Pakistan and other countries have cooperated in the initiative of Belt and Road Initiative (BRI) besides exploring the Digital Silk Road, which reaped fruitful benefits.

    Li Yikai, Deputy Director of Centre for International Economic and Technological Cooperation had a 2021 Online Silk Road Conference at Yinchuan, the northwest city of China.

    The Deputy Director said, “From 2019 to 2020, there are notable achievements in digital development in BRI countries. For example, the Beidou Navigation Satellite System (BDS) was deployed in Pakistan’s airports, providing accurate timing services for the operations.”

    Pakistan and China have cooperated for the satellite navigation system across a major area between both of the countries.

    Pakistan has signed a contract with China’s Wuhan Landing Medical High-tech Co., Ltd. To introduce their artificial intelligence (AI) for screening cervical cancer in Pakistan.

     In the 18 years of experience in the IT sector of Ericsson (China), Shoukat told CEN, “From 2019 to 2020, there are notable achievements in digital development in BRI countries. For example, the Beidou Navigation Satellite System (BDS) was deployed in Pakistan’s airports, providing accurate timing services for the operations.”

    He further said, “Pakistan has a lot of potential in the IT sector. When Pakistani IT talents have the opportunity to venture abroad and work in countries like China, they will definitely bring very good results.”

  • China desires to invest more for Pakistan’s economic growth

    China desires to invest more for Pakistan’s economic growth

    ISLAMABAD: Ambassador of the People’s Republic of China Nong Rong has expressed the desire of the present Chinese Government to invest more in all sectors to lift the economic standing of Pakistan.

    The Chinese envoy said this at a meeting with Finance Minister Shaukat Tarin on Monday.

    Nong Rong informed about the progress of Chinese investments in China Pakistan Economic Corridor (CPEC) related projects.

    He expressed the desire of the present Chinese Government to invest more in all sectors to lift the economic standing of Pakistan.

    He re-affirmed the commitment of Chinese Government to overcome any obstacle in deepening the bilateral ties between the two countries.

    Federal Minister for Finance & Revenue while extending a warm welcome to H.E. Mr. Nong Rong stated that Pakistan and China enjoy long-term, broad based and multi-dimensional relationship.

    Federal Minister for Finance & Revenue expressed the commitment of the present government to further strengthen economic relations with China.

    He briefed the Chinese Ambassador about the measures introduced in the recent budget for ensuring inclusive and sustained economic growth in the country.

    Federal Minister for Finance & Revenue expressed hope that not only Chinese government but the Chinese entrepreneurs would also like to enhance their investment in the field of finance, industry and agriculture development of Pakistan.

    Finance Minister and Chinese Ambassador both agreed to take the bilateral relations of both countries to next level in order to ensure sustained economic growth. Federal Minister for Finance briefed the Chines Ambassador that increase in exports was the top most priority of the Government.

    He particularly referred to the budget proposals which would specifically promote exports in the long run and usher in growth in the economy.

    Federal Minister for Finance & Revenue conveyed full assurance on behalf of the Government of Pakistan to extend complete support in enhancing the level of economic cooperation between the two brotherly countries.

    He stated that Government of Pakistan would provide full facilitation to the Chinese companies in Pakistan to ensure long term and sustainable foreign investment in the country, which would lead to economic growth, peace and prosperity for Pakistan.

    Minister for Finance & Revenue stressed upon the need for economic uplift of the entire region and emphasized that Pakistan is willing to play its role in this endeavor.

    Both sides agreed to hold regular review meetings to ensure fast track implementation of ongoing projects.

  • Pakistan, China sign four CPEC agreements to boost bilateral cooperation

    Pakistan, China sign four CPEC agreements to boost bilateral cooperation

    ISLAMABAD: Pakistan and China on Sunday signed four agreements under China Pakistan Economic Corridor (CPEC) in order to further enhance bilateral cooperation.

    The signing ceremony was held here during the three-day visit of Chinese Vice President Wang Qishan, who arrived earlier in the day along with a high level delegation.

    Prime Minister Imran Khan and the Chinese Vice President witnessed the signing ceremony, which also attended by Minister for Foreign Affairs Shah Mahmood Qureshi, Planning Minister Khusro Bakhtiar, Finance Advisor Abdul Hafeez Sheikh and members of the Chinese delegation.

    A Framework Agreement on Agricultural Cooperation was signed by Chinese Vice Minister Zhang Taolin and Secretary Ministry of National Food Security Dr Muhammad Hashim Popalzai.

    A memorandum was signed on the “Requirements of FMD free zone where vaccination is practiced between General Administration of the Customs of China and Animal Quarantine Department of the Ministry of National Food Security and Research of Pakistan.”

    Chinese Ambassador in Pakistan Yao Jing and Dr Hashim Popalzai signed the document.

    The two countries also signed China Pakistan Economic Cooperation Agreement signed by Chinese Vice Minister Deng Boqing and Secretary Economic Affairs Division Noor Ahmed.

    Chinese Vice Minister Deng Boqing and Secretary EAD also signed a Letter of Exchange for Disaster Relief Goods between the two countries.

    The two friendly countries also inked agreement between CMEC and Government of Balochistan and Lasbela University in Modern Agriculture Comprehensive Development in Lasbela.

    The document was signed by Vice President of CMEC from China and Vice Chancellor Lasbela University Professor Dr Dost Muhammad Baloch and PS to Governor Balochsitan.

  • Prime Minister reviews progress on CPEC

    Prime Minister reviews progress on CPEC

    Prime Minister Imran Khan convened a crucial meeting on Friday to assess the advancements in the China-Pakistan Economic Corridor (CPEC), a transformative economic initiative that has the potential to reshape the economic landscape of the region.

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