Razak Dawood terms industrial cooperation agreement a breakthrough for CPEC Phase II

MG News | February 09, 2022 at 02:32 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 9, 2022 (MLN): Adviser to PM of Pakistan for Commerce and Investment Abdul Razak Dawood on Tuesday said that signing of the Framework Agreement on Industrial Cooperation between Pakistan and China is a breakthrough for CPEC Phase II.

In his tweet, he said that it is a significant outcome of the PM’s visit to China as the agreement will augment the process of B2B collaboration and matchmaking and pave the way for industrial relocation from China and export-led growth with numerous direct/indirect benefits to the economy.

To recall, Pakistan and China on Friday inked the framework agreement on industrial cooperation under the CPEC.

The industrial cooperation agreement is a key part of what is being called “phase two” of CPEC. The first phase mainly involved Chinese investments in energy projects as well as road infrastructure.

The framework will promote industrialization and development of economic zones, and initiate, plan, execute, and monitor public and private sector projects.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,328.82 259.37M	0.23% 399.13
ALLSHR	106,442.83 871.95M	0.22% 236.26
KSE30	52,294.83 70.59M	0.21% 109.76
KMI30	250,239.14 117.86M	0.27% 676.97
KMIALLSHR	68,844.23 590.83M	0.27% 185.40
BKTi	49,072.93 17.11M	0.20% 97.65
OGTi	35,769.80 17.60M	0.71% 253.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,225.00	80,365.00 79,700.00	170.00 0.21%
BRENT CRUDE	95.85	96.57 93.15	0.33 0.35%
RICHARDS BAY COAL MONTHLY	126.75	0.00 0.00	1.10 0.88%
ROTTERDAM COAL MONTHLY	138.45	138.45 136.80	2.75 2.03%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	91.22	92.17 88.72	-0.08 -0.09%
SUGAR #11 WORLD	18.02	18.48 17.92	-0.05 -0.28%