Nawaz to visit China on July 4

[Edevelop]

ISLAMABAD, June 26: On his first overseas visit since assuming office, Prime Minister Nawaz Sharif would travel to China on July 4, a foreign ministry official said.

Mr Sharif was invited by Chinese Prime Minister Li Keqiang when he visited Islamabad last month.

During his stay in Beijing Mr Sharif will discuss with the Chinese leadership plans for reinforcing bilateral strategic partnership, enhancing economic cooperation and development of Pakistan-China trade and economic corridor. He is also likely to seek Chinese assistance in overcoming the energy crisis in Pakistan.

Premier Keqiang had during his visit also identified energy as a priority area for cooperation.

An advance team led by Minister for Planning and Development Ahsan Iqbal visited Beijing to discuss details of the prime minister’s upcoming visit. Prime Minister’s Adviser on Foreign Affairs and National Security Sartaj Aziz will not be accompanying Mr Sharif on his first overseas trip.

Nawaz to visit China on July 4 - DAWN.COM

 

[Leader]

hope he brings some solutions

 

[OrionHunter]

During his stay in Beijing Mr Sharif will discuss with the Chinese leadership plans for reinforcing bilateral strategic partnership, enhancing economic cooperation and development of Pakistan-China trade and economic corridor. He is also likely to seek Chinese assistance in overcoming the energy crisis in Pakistan.

Haven't we heard all this before? How many times are these same issues going to be discussed? Like it is going to be the umpteenth time that Pakistan will discuss 'economic cooperation'. But unfortunately, China hasn't given a dime to Pakistan as yet for tiding over its economic crises, making it run every time to the World Bank and IMF instead.

China will however do what's in its interest only. China's control of Gwadar is the latest move towards its ambitious plan to safeguard its Persian Gulf route, through which over 60 per cent of its oil supplies flow. China also gets a potential naval base in the Arabian Sea, linked by road to its eastern Xinjiang province by the rapid expansion of the energy corridor along the Karakoram highway, which links Gwadar to Kashgar in China.

China always gets the cake while Pakistan is left holding the spoon!

 

[InvisbleSoldier]

ISLAMABAD, June 26: On his first overseas visit since assuming office, Prime Minister Nawaz Sharif would travel to China on July 4, a foreign ministry official said.

Mr Sharif was invited by Chinese Prime Minister Li Keqiang when he visited Islamabad last month.

During his stay in Beijing Mr Sharif will discuss with the Chinese leadership plans for reinforcing bilateral strategic partnership, enhancing economic cooperation and development of Pakistan-China trade and economic corridor. He is also likely to seek Chinese assistance in overcoming the energy crisis in Pakistan.

Premier Keqiang had during his visit also identified energy as a priority area for cooperation.

An advance team led by Minister for Planning and Development Ahsan Iqbal visited Beijing to discuss details of the prime minister’s upcoming visit. Prime Minister’s Adviser on Foreign Affairs and National Security Sartaj Aziz will not be accompanying Mr Sharif on his first overseas trip.

Nawaz to visit China on July 4 - DAWN.COM

Hope that he brings some more UPS, generators and solar system contracts for his factories and for Nation.

 

[naumananjum]

I think that main concern will be more NPPs in pakistan

 

[SBD-3]

PTV News line's analysis
News Line on Ptv News - 29th June 2013

 

[Cyberian]

Haven't we heard all this before? How many times are these same issues going to be discussed? Like it is going to be the umpteenth time that Pakistan will discuss 'economic cooperation'. But unfortunately, China hasn't given a dime to Pakistan as yet for tiding over its economic crises, making it run every time to the World Bank and IMF instead.

China will however do what's in its interest only. China's control of Gwadar is the latest move towards its ambitious plan to safeguard its Persian Gulf route, through which over 60 per cent of its oil supplies flow. China also gets a potential naval base in the Arabian Sea, linked by road to its eastern Xinjiang province by the rapid expansion of the energy corridor along the Karakoram highway, which links Gwadar to Kashgar in China.

China always gets the cake while Pakistan is left holding the spoon!

Nonsense, China is the single biggest trade partner of Pakistan and it is also the biggest lender to Pakistan (after the international banks).

Give me the figures if you can refute me.

 

[Edevelop]

Nawaz Sharif Interaction With Chinese Media

 

[Fracker]

I think main agenda should be, connecting Gawadar with China... This will help Pakistan alot to develop, in infrastructure, more business, more royalty.

Manufacturing /Technology should come to Pakistan..

 

[iPhone]

Haven't we heard all this before? How many times are these same issues going to be discussed? Like it is going to be the umpteenth time that Pakistan will discuss 'economic cooperation'. But unfortunately, China hasn't given a dime to Pakistan as yet for tiding over its economic crises, making it run every time to the World Bank and IMF instead.

China will however do what's in its interest only. China's control of Gwadar is the latest move towards its ambitious plan to safeguard its Persian Gulf route, through which over 60 per cent of its oil supplies flow. China also gets a potential naval base in the Arabian Sea, linked by road to its eastern Xinjiang province by the rapid expansion of the energy corridor along the Karakoram highway, which links Gwadar to Kashgar in China.

China always gets the cake while Pakistan is left holding the spoon!

Man, shut the fucck up! No one asked for an Indian's opinion.

 

[Edevelop]

PM Nawaz Sharif heads to China, eyes big investment

ISLAMABAD: Prime Minister Nawaz Sharif heads to China this week on his first foreign tour, eyeing high-impact Chinese infrastructure projects as an answer to economic malaise and an energy crisis.


Weak growth, inflation, dwindling foreign exchange reserves and power cuts of up to 20 hours a day ruining industry are some of the biggest problems that the prime minister faces as head of government.


He made fixing Pakistan's woeful economy and energy crisis the mantra of his election campaign and since winning a comfortable majority in May, has sought to strengthen economic ties with Beijing, arguably Islamabad's closest ally.


During his July 4-8 visit, Nawaz Sharif is due to meet Chinese President Xi Jinping, Premier Li Keqiang, financial and corporate leaders, and visit major industrial centres and special economic zones.


Before even being sworn into office, Nawaz hosted Li as the first foreign head of government to visit since his election victory.


In June, PM Nawaz asked state-owned China North Industries Corporation (NORINCO) to install solar power plants, look into mining and explore iron ore, and he discussed the building of underground train networks in Pakistan's largest cities.


The PM said Saturday that plans to build a trade corridor from the Chinese border to the Arabian Sea would be a "game changer" that would bring development and prosperity to three billion people.


"Pakistan has to come out of its difficulties and we want to cooperate with each other on... infrastructure and in the field of energy," he added.


Chinese investment is popular in Pakistan where the PM won plaudits for pulling off high-impact infrastructure projects such as a high-speed motorway during his two previous tenures in office.


"A trade corridor really could be transformative in parts of our ailing economy and it is here that the technocrats and business acumen of the new government are going to be shaping future foreign policy for Pakistan," wrote The News on Monday.


China-Pakistan trade last year reached $12 billion and is targeted to rise to $15 billion in the next two to three years.


During his visit to Islamabad, Li said Beijing was ready to speed up work to upgrade the Karakoram Highway, a vital link to any future economic corridor into Pakistan from the Chinese border.


PM Nawaz Sharif heads to China, eyes big investment - thenews.com.pk

 

[M.harris]

 

[Zarvan]

PM Nawaz Sharif heads to China, eyes big investment

ISLAMABAD: Prime Minister Nawaz Sharif heads to China this week on his first foreign tour, eyeing high-impact Chinese infrastructure projects as an answer to economic malaise and an energy crisis.


Weak growth, inflation, dwindling foreign exchange reserves and power cuts of up to 20 hours a day ruining industry are some of the biggest problems that the prime minister faces as head of government.


He made fixing Pakistan's woeful economy and energy crisis the mantra of his election campaign and since winning a comfortable majority in May, has sought to strengthen economic ties with Beijing, arguably Islamabad's closest ally.


During his July 4-8 visit, Nawaz Sharif is due to meet Chinese President Xi Jinping, Premier Li Keqiang, financial and corporate leaders, and visit major industrial centres and special economic zones.


Before even being sworn into office, Nawaz hosted Li as the first foreign head of government to visit since his election victory.


In June, PM Nawaz asked state-owned China North Industries Corporation (NORINCO) to install solar power plants, look into mining and explore iron ore, and he discussed the building of underground train networks in Pakistan's largest cities.


The PM said Saturday that plans to build a trade corridor from the Chinese border to the Arabian Sea would be a "game changer" that would bring development and prosperity to three billion people.


"Pakistan has to come out of its difficulties and we want to cooperate with each other on... infrastructure and in the field of energy," he added.


Chinese investment is popular in Pakistan where the PM won plaudits for pulling off high-impact infrastructure projects such as a high-speed motorway during his two previous tenures in office.


"A trade corridor really could be transformative in parts of our ailing economy and it is here that the technocrats and business acumen of the new government are going to be shaping future foreign policy for Pakistan," wrote The News on Monday.


China-Pakistan trade last year reached $12 billion and is targeted to rise to $15 billion in the next two to three years.


During his visit to Islamabad, Li said Beijing was ready to speed up work to upgrade the Karakoram Highway, a vital link to any future economic corridor into Pakistan from the Chinese border.


PM Nawaz Sharif heads to China, eyes big investment - thenews.com.pk

Is any defense deal expected to be signed in this visit ?

 

[Developereo]

China will however do what's in its interest only.

All relationships are based on self-interest.

Your post overlooks the fact that Chinese interests and Pakistani interests coincide on a number of issues.

Anyways, interesting choice of a travel date, July 4th.

 

[Edevelop]

Power crisis: PM to carry wish list of projects to Beijing

ISLAMABAD: Looking eastward for a solution to the country’s crippling energy woes, Prime Minister Nawaz Sharif is expected to request China’s help for a number of projects when he meets his counterpart Li Keqiang in Beijing on July 4.

Some of the items on the premier’s request list include a 1,100MW nuclear power plant, release of a $448 million loan for the 969MW Neelum-Jhelum hydropower project and setting up of an oil refinery at Gwadar port.

Sources reveal that Pakistan Atomic Energy Commission (PAEC) will build the $9.5 billion power plant – which will be called Karachi Coastal Power.

The government has already allocated Rs10 billion in the current financial year for the plant. In addition, the government is expected to seek another Rs65 billion in additional foreign lending meant to provide the required financial impetus to the project.

China has three state-owned corporations that can own and operate nuclear power plants including China National Nuclear Corporation (CNNC), China Guangdong Nuclear Power Holding Company (CGNPC) and China Power Investment Corporation (CPIC).

CGNPC currently operates four nuclear power plants of 3,758MW in China and is also associated with 16 other under-construction projects having capacity of 25,000MW.

Pakistan is now seeking to expand its nuclear power generation under the new Energy Security Action Plan. The plan envisions that by 2030, the share of nuclear power in electricity production will be increased by installing 8,800MW nuclear power plants by 2030.

At present, Pakistan has two nuclear power plants of 320MW power generation capacity each at Chashma, built with Chinese assistance.

Neelum-Jhelum hydropower project

During the previous government, China had withheld a $440-million-loan committed for Neelum-Jhelum hydropower project after the Supreme Court had cancelled the Islamabad Safe City Project contract awarded to a Chinese company. “However, now the Chinese government has cleared the loan and Pakistan has signed a loan agreement with the Exim Bank of China amounting to $448 million,” an official close to the development said.

The source revealed that Prime Minister Nawaz Sharif would ask his Chinese counterpart to expedite release of $448 million loan for timely completion of the project.

The project cost has already jumped up by 225 per cent to Rs274.8 billion.

Neelum-Jhelum is a strategic hydropower project, initiated by the government to secure water rights over the Neelum River, where India is also constructing the Kishanganga Dam.

Gwadar Refinery

The government will also look to revive the defunct Coastal Oil Refinery Project at Gwadar, which had been shelved by China in 2009-10 after operations of Gwadar port were awarded to Singapore Port Authority (SPA). A global recession added fuel-to-fire by providing another reason to shelve the project.

The proposed Coastal Oil Refinery was part of China’s plan to invest $12 billion in multiple projects in Pakistan. The refinery was designed to reach a daily output of 60,000 barrels crude oil.

Power crisis: PM to carry wish list of projects to Beijing – The Express Tribune