Development in the wake of CPEC to be unprecedented in Pakistans history: Prime Minister

News Image

MG News | May 16, 2017 at 10:32 AM GMT+05:00

0:00

Prime Minster, Nawaz Sharif, while returning from Beijing after attending the Belt and Road Forum said that Chinese investments will help Pakistan to increase their economic stability and activity. The Chinese investment can set a very strong foundation for Pakistan to strengthen her economy and compete on a regional level. He also said that development in a country can only occur if peace is achieved, and various steps have been taken to root out the state enemy elements.

He said the Chinese investment of $56 billion was helping the nation to build new motorways connecting all the federal units from west to east and north to south. He reiterated that a master plan of developing the railway system is also under operation to recover the long lost railway network. He said numerous power projects have reached near completion which would soon be operational and help Pakistan with the power crisis.

He also invited the nations which were reluctant to join the OBOR belt citing the lucrative nature of project. Those who will not join today will lag behind in the future, as project was solely aimed to strengthen regional ties, increase development and decrease poverty from the member nations. He said that projects were of utmost impost importance as the real beneficiaries of this project would only be the common people.

Related News

Name Price/Vol %Chg/NChg
KSE100 152,907.97
313.13M
-3.41%
-5405.48
ALLSHR 91,785.84
517.51M
-3.04%
-2879.94
KSE30 46,304.86
108.36M
-3.69%
-1774.69
KMI30 222,014.44
106.73M
-3.34%
-7665.42
KMIALLSHR 59,976.79
312.82M
-2.94%
-1816.68
BKTi 41,546.33
34.74M
-3.94%
-1704.98
OGTi 31,998.89
11.08M
-3.07%
-1014.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 69,140.00 69,200.00
68,920.00
650.00
0.95%
BRENT CRUDE 105.95 109.05
102.75
3.73
3.65%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-9.15
-8.43%
ROTTERDAM COAL MONTHLY 120.10 120.10
120.10
1.55
1.31%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 93.37 93.74
93.02
-1.11
-1.17%
SUGAR #11 WORLD 15.85 15.97
15.53
0.30
1.93%

Chart of the Day


Latest News
March 26, 2026 at 09:12 PM GMT+05:00

SBP reserves rise $22m to $16.4bn


March 26, 2026 at 07:20 PM GMT+05:00

SBP rejects all bids in PIB floating rate buyback auction


March 26, 2026 at 06:54 PM GMT+05:00

SBP raises Rs466bn in fixed-rate PIB auction



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg