November 19, 2021
1 min read

CPEC projects hit snag in Pakistan

The joint chamber has established an online platform to provide assistance in solving the problems and issues of Chinese companies pertaining to domestic policies and regulations….reports Asian Lite News

The increasing number of joint ventures between Islamabad and Beijing under the multi-billion dollar China-Pakistan Economic Corridor (CPEC) are confronted with some practical difficulties, The Express Tribune quoted an official as saying

In an online address to the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) executive committee on Thursday, its President Wang Zihai called for the swift resolution of issues and removal of impediments.

“The government of Pakistan is fully cognisant of the issues and this has led to the creation of alternative dispute resolution courts in the country,” The Express Tribune report quoted Wang as saying.

The joint chamber has established an online platform to provide assistance in solving the problems and issues of Chinese companies pertaining to domestic policies and regulations.

He hailed the initiative of the chamber to facilitate foreign investors who entered into business partnerships with Pakistani entrepreneurs.

Speaking on the occasion, PCJCCI Senior Vice President Ehsan Chaudhry assured the participants that the interest of investors engaged in joint ventures under CPEC would be protected.

“Along with the online platform, the PCJCCI will keep on playing a proactive role in overcoming the difficulties faced in the implementation of joint ventures being established in collaboration with foreign firms.”

ALSO READ: China building border villages in Bhutan

Previous Story

Prakash Padukone to receive BWF award

Next Story

Gantz’s housekeeper accused of Iran-related espionage attempt

Latest from -Top News

Red tape axed for rocket races

Trump’s new executive order directs the Department of Transportation and the Federal Aviation Administration (FAA) to expedite or, where possible, eliminate certain environmental reviews for launch licenses. U.S. President Donald Trump has

MBZ, MBS discuss regional issues

The two leaders discussed strengthening their nations’ long-standing brotherly relations and advancing joint initiatives to serve shared strategic interests…reports Asian Lite News President His Highness Sheikh Mohamed bin Zayed Al Nahyan and

UAE brokers Russia-Ukraine prisoner swap

The UAE Ministry of Foreign Affairs (MoFA) expressed its gratitude to both Moscow and Kyiv for their cooperation…reports Asian Lite News The United Arab Emirates (UAE) has successfully mediated another exchange of

UAE boosts Africa water investment drive

The UAE reaffirmed its dedication to Africa’s water security at the Africa Water Investment Summit, advancing climate-resilient projects and preparations for the 2026 UN Water Conference….reports Asian Lite News The United Arab

Arab world slams ‘Greater Israel’ claim

The Arab League has called the remarks a direct assault on the sovereignty of Arab states and a grave threat to security and stability across the Middle East….reports Asian Lite News The
Go toTop

Don't Miss

Xi’s mentality pushing world towards Cold War redux

China’s violation of the sovereign airspace of the USA and

Braverman’s remark on Pakistani men draws flak

The British minister has been accused of “peddling extremist far-right