Pakistan, China sign 20 MoUs worth $2 billion

By APP
Published: August 13, 2015
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PHOTO: ZAFAR ASLAM/EXPRESS

PHOTO: ZAFAR ASLAM/EXPRESS

KARAMAY: Pakistan and China on Wednesday signed 20 memoranda of understanding (MoU) worth $2 billion as the two-day historic moot of the China Pakistan Economic Corridor (CPEC) Karamay-Xinjiang Forum concluded.        

The MoUs were signed in sectors of energy, communication, social services, agriculture, health, education and infrastructure at the Karamay Government Municipal Auditorium.

A consortium of 35 Chinese companies was also formed that will invest in Pakistan pushing forward the CPEC.

Read: MoU to promote Pak-China trade

The participants laid great emphasis on sustainability and decided to make the forum an annual feature. The next meeting of the forum would be held in October this year in Beijing.

In his brief address, Federal Minister for Planning, Development and Reforms Ahsan Iqbal proposed cooperation in space technology between Pakistan and China as part of the historic declaration, saying it will take the Pak-China relations to new heights.

Iqbal lauded the organisers of the Pak-China forum for holding such an event.

“I assure you on behalf of Prime Minister Muhammad Nawaz Sharif and government of Pakistan that we are committed in implementation of the CPEC in letter and spirit.

I give an open invitation to Chinese firms to contact us directly in case of any problem they face in Pakistan; we will eliminate all obstacles in the way of CPEC.

Read: Agreements signed between Pakistan and China

“Sun is rising from the east and the history will not forget what accomplished today from the two days moot of this historic forum. This is sure to bring everlasting prosperity to the region.” 

Published in The Express Tribune, August 13th,  2015.

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Reader Comments (11)

  • Naveed
    Aug 13, 2015 - 11:16AM

    How many more MoU’s you will sign? We need proper ground work to solve our problems….. what happened to previous MoU’s which were signed? All money will go to corrupt Noora leagues bank account, so keep signing MoU’s ,,,nothing will come out on groundRecommend

  • Sodomite
    Aug 13, 2015 - 11:27AM

    Thank God that India is short sighted in its relations with China that has benefited Pakistan. India should have settled its territory issue with China long ago and settled into excellent relations with the Chinese and the West. That would have sent Pakistan adrift in the deep blue sea. Recommend

  • RobinHood
    Aug 13, 2015 - 1:41PM

    How we usually politicians make money…
    Will build and construct infrastructure with the tax money of middle working class… will take a big sum in their personal bank accounts abroad and will waive any transit route fee for ever….
    What we are earning in Afghan transit route… Nothing but smuggled goods, increase in import bill by more consumption of carriage fuel, and infrastructure maintenance cost…with air pollution and traffic load adverse impact.

    If same has to happen in Gawadar… Then very better to never have it.. Because to build port like hong kong we need another 15000 megawatts electricity and will cost 80 Billion dollars… Which will add nothing to poor person but will make politicians more rich, if they are bent as usual..
    So atleast 10% transit route fee should be on both pak-afghan and pak-china trade route…Recommend

  • Gildedturd
    Aug 13, 2015 - 2:07PM

    So that is 46+2=48b now – Wow, just 2 more to go for the nice round figure of 50.Recommend

  • OBSERVER
    Aug 13, 2015 - 2:47PM

    From where Chinese will give money,there economy going down,recently stock market in China crashed.. Recommend

  • Pakistan
    Aug 13, 2015 - 2:52PM

    Who is keeping the count of MOUs signed so far by Nawaz Sharif and co. I have lost count. Any body please? The MOU portfolio is also with PM.Recommend

  • Lakhkar Khan
    Aug 13, 2015 - 7:37PM

    Great news. However, Mr. Iqbal, Punjab is not Pakistan. Punjab is a part of Pakistan. Recommend

  • K B Kale
    Aug 13, 2015 - 8:52PM

    It is time Baluchistan gets independence this year like Bangladesh did in 1971 so that all talks of PCEC are laid to rest!Recommend

  • Haider
    Aug 13, 2015 - 10:37PM

    @OBSERVER
    Looks like you are an Indian Troll…Do you know GDP of China is around 9.5 trillion USD and They have foriegn reserves of 3 Trillion USD..much much much more than India has…You think they dont have money to pay 46bn USD from which there exports become more and more cheaper…Get a life manRecommend

  • hamza khan
    Aug 13, 2015 - 11:17PM

    @K B Kale:

    please be our guest. we’ll be sure to get independence for kashmir, khalistan, assam, and the entire red corridor if you think you can do so. but of course, you’re a nation of cowards so you can troll a website but cant actually do anything. pakistan will rise and become a much bigger headache for you. Recommend

  • Ridwan
    Aug 14, 2015 - 10:47AM

    @OBSERVER:

    China has incredibly huge exchange reserves. $50billion is nothing to them. Recommend

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