Text Bulletin 1200 hrs
Prime Minister says economic development through mutual cooperation can pave the way for peace and security in the region.
Chinese President has said that Belt and Road Initiative envisions inclusive and sustainable growth for common prosperity.
Feasibility of Karachi Circular Railway project has been completed and work would be started on it later this year.
In Nepal, polling is underway in local bodies' elections being held for the first time in two decades.
Prime Minister Muhammad Nawaz Sharif says China-Pakistan Economic Corridor is a core project of One Belt One Road that aims to connect East and West Asia.
Addressing the plenary session of the One Belt One Road Forum in Beijing on Sunday, he said the CPEC makes Pakistan both a conduit and destination for cross-regional investment and trade.
The Prime Minister made it clear that CPEC is an economic undertaking open to all countries in the region and it does not have any geographical boundaries.
He said it is time we resolve conflicts through dialogue and diplomacy, and leave a legacy of peace for future generations.
Nawaz Sharif said Chinese initiative of One Belt One Road would take humankind to a higher level of prosperity, peace and stability through connectivity and close contact.
The Prime Minister said peace and development go hand in hand, and nothing can pave the path for peace and security more than economic development achieved through regional collaboration.
He said the initiative signifies that geo-economics must take precedence over geo-politics, and that the centre of gravity should shift from conflict to cooperation.
The Prime Minister said Pakistan sees One Belt One Road as a powerful tool for overcoming terrorism and extremism.
The Prime Minister informed the audience that Pakistan's infrastructure, energy and industrial projects are moving just as envisaged and many will be completed by or even before their timelines.
He said unprecedented economic, social and cultural benefits will accrue from the CPEC, not just for the people of Pakistan, but also for people of the entire region.
The Prime Minister said CPEC is producing new entrepreneurs, creating new jobs and businesses, and attracting international investment.
Nawaz Sharif said CPEC is also fully compatible with our own Vision 2025, which invests our resources in multiple corridors of regional cooperation, including energy, industry, trade and transportation.
Referring to improved state of Pakistan's economy, the Prime Minister said macroeconomic indicators are stable, growth rate is rising; and the Pakistan Stock Exchange has become one of the five best performing stock exchanges in the world.
The Prime Minister said Pakistan is now an emerging economy, with even greater capacity to absorb new investments and equities.
The prime minister emphasized that OBOR negates the logic of polarization and rejects the encirclement of any country.
Earlier, addressing the inaugural session of the forum Chinese President Xi Jinping said the Belt and Road Initiative is a project of the century that will benefit people across the world.
The Chinese President said the project envisions inclusive and sustainable growth and takes into account development needs of different countries and regions for common prosperity.
He said China will launch Belt and Road cooperation initiative on trade connectivity together with some sixty countries and international organizations.
Xin Jinping said the Initiative focuses not only on the Asian, European and African countries, but is also open to all other nations.
Russian President Vladimir Putin, Turkish President Recep Tayyip Erdogan and UN Secretary General António Guterres also addressed the opening session of the forum and extended their full support to the Chinese Belt and Road initiative for the common benefit of world nations.
Twenty-nine foreign heads of state and government are participating in the forum.
Sindh Chief Minister Syed Murad Ali Shah says groundbreaking of Karachi Circular Railway project would be performed by the end of this year.
In an interview with APP in Beijing on Sunday, he said feasibility of the Karachi Circular Railway was completed in just three months and submitted to the federal government for approval in March.
Responding to a question about the meetings of the Prime Minister with Chinese leadership, he said by attending the Belt and Road Forum together, the four chief ministers gave a positive signal to the Chinese leadership that the entire nation was united on close friendly and economic relations between Pakistan and with China.
Terming the CPEC an important flagship programme under One Belt One Road Initiative, he said, provincial government is committed towards this project beneficial for both Pakistan and China.
He expressed the confidence that the CPEC would prove fruitful and beneficial for the entire country.
Sindh Environmental Protection Agency will establish offices in each district of the province to protect the environment.
SEPA sources informed our Karachi correspondent that provincial government has approved the construction of offices in twenty nine districts of the province in two phases.
An amount of 217 million rupees has been earmarked for the construction of offices in ten districts in first phase.
The federal government has completed a number of developmental projects in Bajaur Agency at a cost of three hundred forty-four million rupees.
Official sources told our Peshawar representative that the projects include provision of missing facilities in schools, clean drinking water, and repair and maintenance of roads.
Two FC personnel were injured in an improvised explosive device attack on their convoy in Marwar, a suburban area of Quetta city on Sunday.
Nine Labourers who were killed in Gwadar attack on Saturday were laid to rest at Siddiq Lakho Village in Naushero Feroze on Sunday.
The dead bodies of the deceased were brought by C-130 airplane on Saturday night.
In Nepal, polling is underway in the first phase of local bodies' elections to elect representatives for various municipal and village councils first time in two decades.
According to reports, 4.9 million voters are eligible to cast their votes. Over 50,000 candidates are vying for 13,556 positions.
The second phase of local polls in remaining part of the country will be held after a month.