Pakistan invites Saudi Arabia to be third partner in Chinese Economic Corridor

Agencies
September 21, 2018

Islamabad, Sept 21: Saudi Arabia will be the third "strategic partner" of the $50 billion China-Pakistan Economic Corridor (CPEC), a senior Pakistani minister announced on Thursday, soon after Prime Minister Imran Khan returned from his first foreign trip to the cash-rich kingdom.

The China-Pakistan Economic Corridor (CPEC) is the flagship project of the multi-billion dollar Belt and Road Initiative (BRI), a pet project of Chinese President Xi Jinping aimed at enhancing Beijing's influence around the world through China-funded infrastructure projects.

Addressing a press conference here on Khan's two-day visit to Saudi Arabia and United Arab Emirates (UAE), Minister of Information Fawad Chaudhry said that Pakistan's main interest lies in cooperation with Saudi Arabia on matters of trade and security.

Pakistan has invited Riyadh to join the CPEC as the third "strategic partner", The News quoted him as saying.

Saudi Finance and Energy Ministers will visit Pakistan in the first week of October, Chaudhry said.

He said the projects that Saudi Arabia would be investing in the CPEC will be smoothed out during the Saudi delegation's visit.

China has rejected accusations that its financial backing for the CPEC was a "debt trap" that could compromise cash-strapped Pakistan's sovereignty.

The CPEC is the fastest-moving and flagship part of President Xi's global Belt and Road Initiative (BRI).

The CPEC aims to construct and upgrade the transportation network, energy projects, a deep-water port at Gwadar and special economic zones to eventually support Pakistan's industrial development as a manufacturing hub by 2030.

Chaudhry said Prime Minister Khan has assured Riyadh that Pakistan will stand with Saudi Arabia.

"We have also assured the Saudi leadership that we will continue to provide security to their country and provide strategic support wherever needed," he said on the close defence partnership between the close allies.

He also said that a high-level coordination committee has has been constituted [to look into matters of trade and commerce] and it has the complete backing of Saudi King Salman bin Abdul Aziz Al-Saud and Prime Minister Khan.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 8,2020

Dubai, Jan 8: Iranian state television said on Wednesday that at least 80 "American terrorists" were killed in attacks involving 15 missiles Tehran launched on US targets in Iraq, adding that none of the missiles were intercepted.

State TV, citing a senior Revolutionary Guards source, also said Iran had 100 other targets in the region in its sights if Washington took any retaliatory measures. It also said US helicopters and military equipment were "severely damaged".

Iran launched missile attacks on US-led forces in Iraq in the early hours of Wednesday in retaliation for the US drone strike on an Iranian commander whose killing has raised fears of a wider war in the Middle East.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
June 25,2020

Islamabad, Jun 25: The coronavirus cases in Pakistan crossed the 192,000-mark after 4,044 new Covid-19 infections were detected in the last 24 hours, the health ministry said on Thursday.

According to the Ministry of National Health Services, 148 more people died due to the deadly virus in the country, taking the death toll to 3,903.

With the detection of 4,044 new cases in the last 24 hours, the coronavirus tally in the country now stands at 192,970, it said.

Sindh reported a maximum number of 74,070 infections, followed by 71,191 in Punjab, 23,887 in Khyber-Pakhtunkhwa, 11,710 in Islamabad, 9,817 in Balochistan, 1,365 in Gilgit-Baltistan and 930 in Pakistan-occupied Kashmir.

A total of 81,307 patients have recovered so far from the disease.

Health authorities have so far conducted 1,171,976 coronavirus tests, including 21,835 in the last 24 hours.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 23,2020

Panaji, Feb 23: A MiG-29K aircraft crashed off Goa during a routine training sortie on Sunday morning, the Indian Navy said in a statement.

"The pilot ejected safely and has been recovered. An enquiry into the incident has been ordered," the statement said.

On November 16, a MiG-29K trainer flight had crashed after a bird hit, soon after it took off the Dabolim International airport, which functions out of the Indian Navy base INS Hansa.

Both pilots had managed to safely eject themselves to safety after both the engines of their jet failed.

According to data tabled in the recent budget session of the Goa Assembly, every ten days, at least one aircraft landing or taking off at Goa's Dabolim international airport faces dangers involving birds or stray dogs near the runway.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.