China Watch

China Watch [December 31 – January 6] Rashakai SEZ will generate 50,000 direct jobs – KP CM

The Chief Minister of KPK, Mahmood Khan, talked about the importance of the Rashakai Economic Zone scheduled under CPEC, and said that the SEZ will generate 50,000 direct jobs and 100,000 indirect jobs for the locals. Warrior VI, a Pakistan and China joint military exercise, culminated in Kharian which was part of the joint effort of Pakistan and China to expand the bilateral cooperation in military between the two countries. While addressing a seminar on Afghan peace process, Former Foreign Secretary Salman Bashir said that by making Afghanistan a partner in CPEC, there will be significant growth in the socioeconomic uplift of the otherwise troubled country. The KSE-100 index got a kick start in 2019, gaining 380 points, amidst reports of a $2 billion Chinese package for Pakistan. Prime Minister Imran Khan while addressing a business forum in Turkey, talked about taking the trade ties between Pakistan and Turkey to a higher level, and invited members of the Turkish business community to invest and participate in the opportunities arising from CPEC and BRI. The NHA is set to start work on the Hakla-DI Khan section of the CPEC Western Route, which is expected to be completed by the end of 2019. CPHGC has synchronized its Unit 1 of the coal fired power project with the national grid ahead of schedule and will provide electricity to four million households and play an important role in meeting Pakistan’s energy requirements.

Please read below for additional details in this edition of China Watch [December 31 – January 6] by CRSS.

Rashakai SEZ will generate 50,000 direct jobs: KP CM
The Chief Minister of Khyber Pakhtunkhwa, Mahmood Khan, talked about the importance of the Rashakai Economic Zone scheduled under the China-Pakistan Economic Corridor (CPEC), and said that the SEZ will generate 50,000 direct jobs and 100,000 indirect jobs for the locals, contributing towards Prime Minister Imran Khan’s 5 million jobs initiative. While presiding a meeting, the CM said that work on CPEC will also be accelerated in the province, with no compromise on quality of the projects.[i]

Pakistan-China joint military exercise ends:
Warrior VI, a Pakistan and China joint military exercise, culminated in Kharian according to the Inter Services Public Relations (ISPR). The exercise was part of the joint effort of Pakistan and China to expand the bilateral cooperation in military between the two countries, and growing the defence relations of the iron brothers. Cooperation between Pakistan and China has been expanding in various fields, since the launch of CPEC.[ii] 

Ex-foreign secretary Bashir advocates ‘CPEC Plus’ to economically strengthen Afghanistan:
While addressing a seminar on Afghan peace process, Former Foreign Secretary Salman Bashir said that it was imperative to include Afghanistan in CPEC, which not only improve Afghanistan’s economy but would also bring the much needed peace and stability in the region. He said that by making Afghanistan a partner in CPEC, there will be significant growth in the socioeconomic uplift of the otherwise troubled country.[iii]

China package lifts sentiments on stock market:
The KSE-100 index got a kick start in 2019, gaining 380 points, amidst reports of a $2 billion Chinese package for Pakistan. China has been helping Pakistan out in the past as well, and plans to invest this fund in the socioeconomic sector of Pakistan under CPEC. Market participation was up by 7 pc, while traded value also went up by 14 pc. The investment climate in Pakistan has been constantly improving, since the launch of CPEC in 2013.[iv]

Prime Minister Imran Khan invites Turkish investors to join CPEC:
Prime Minister Imran Khan while addressing a business forum in Turkey, talked about taking the trade ties between Pakistan and Turkey to a higher level, and invited members of the Turkish business community to invest and participate in the opportunities arising from CPEC, and the Belt and Road Initiative (BRI). He said that through BRI, connectivity will be enhanced, which will open up areas which have been deserted in the past.[v]

NHA plans construction of sections of CPEC Western Route, project to complete by end of 2019:
The National Highway Authority (NHA), the main implementing agency from Pakistan of the CPEC Western Route, is set to start work on the Hakla-DI Khan section of the CPEC Western Route, which is expected to be completed by the end of 2019. Speaking to the Associated Press of Pakistan (APP), an official of NHA said that project financing was under discussion with both the Public Sector Development Programme (PSDP) and Chinese financing. He also said that projects like this will facilitate the socio-economic uplift of the region, and will play a vital role in eradicating poverty.[vi]

CPHGC’s Unit 1 supplies 660MW to grid on trial basis:
China Power Hub Generation Company (CPHGC) has synchronized its Unit 1 of the coal fired power project with the national grid ahead of schedule. The $2 billion project is the first overseas thermal project under the BRI and employs latest technology to reduce carbon emissions. The project will provide electricity to four million households and play an important role in meeting Pakistan’s energy requirements. The project is a joint venture between China Power Investment Corporation (CPIH) and The Hub Power Company Limited (HUBCO).[vii]

This report is compiled and written by Syeda Uruba Nisar, Social Media Associate at the Centre for Research and Security Studies (CRSS), Islamabad.

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