Tag Archives: CPEC

The government has approved an additional Rs45 billion budget for the armed forces to enhance their capacity, particularly to secure Chinese interests and manage border fencing. This decision was made during the Economic Coordination Committee (ECC) meeting chaired by Finance Minister Muhammad Aurangzeb. Strengthening Defence and Border Management Out of the Rs45 billion budget, Rs35.4 billion will be allocated to …

Pakistan has relaxed its bidding rules to directly award a $2 billion contract to China for constructing a critical section of the Karakoram Highway, enhancing its strategic road connectivity with China. At the same time, the government approved a Rs78 billion incentive package for banks and exchange companies to boost foreign remittances. Direct Award of Road Contract to China The …