CPEC has brought a paradigm shift in Sino-Pak bilateral relations from geo-strategic to geo-economics: Ahsan Iqbal
Pakistan-Iran Chamber of Commerce was inaugurated in Quetta today.
Addressing a seminar in connection with 65 years of Pak-China diplomatic relations in Islamabad, the Minister said Asia has emerged as the center of economics in world and China has changed the scenario through its development in software knowledge.
Says the Corridor is not only a bilateral project between Pakistan and China but it will also establish regional connectivity which will integrate three engines of growth South Asia, China and Central Asia.
Says the true nature of friendship was demonstrated when China took the decision to invest forty-six billion dollars in Pakistan under CPEC on the basis of confidence it had on the people of Pakistan.
Topic: Pakistan-Iran Chamber of Commerce was inaugurated in Quetta today.
Minister for Commerce Khurram Dastgir Khan says government is striving to promote regional trade as per the vision of Prime Minister.
Addressing the inaugural ceremony of Pak-Iran joint Chamber of Commerce and Industry in Quetta, he said that establishment of the chamber would further enhance trade relations between two countries.
The Minister said that good relations between Pak-Iran should be transformed into economic partnership.
He said that the joint chamber would generate new employment opportunities.
He said government always envisioned progressive and developed Balochistan and CPEC will benefit the province substantially.
Topic: Pakistan and Ukraine could easily boost their existing trade volume to new heights by exploring non-traditional avenues.
Ukrainian Ambassador to Pakistan, Volodymyr Lakomov said that the current trade volume between the two countries is $500 million and steps are in hand to enhance the same.
Says Ukraine is in the process of signing about a dozen agreements with Pakistan, providing a level playing field to the investors from both the sides, besides enhancing science and technologies, education, cultural and trade relations.
Pakistani businessmen could explore Ukrainian market for their products like textile, handicraft and leather goods, surgical instruments, sport goods and fruits, especially mango, kinno and dates.
Similarly, Ukraine could export metallurgy items, wheat, cargo and aviation and aerospace technologies besides military hardware.
Karachi Stock Exchange (KSE) 100 index closed higher today having 36721.25 points with a positive change of 27.75 and volume of 168,732,320 shares.
High and Low were 36752.62 and 36433.48 respectively.
Total volume traded in the market was 265,548,070 shares with 349 total traded companies out of which 180 were up 150 were down and 19 were unchanged.
The three top traded companies were K-Electric Ltd. with a volume of 49,927,500 and price per share of 8.13 (0.43), Sui North Gas with a volume 19,674,500 of price per share of 37.79 (1.48), Pak Int.Bulk with a volume 14,251,500 of price per share of 33.40 (0.37).
The top three advancers were Rafhan Maize with price per share 8886.15 (423.15), Nestle Pak XD with price per share of 7100.00 (100.00) and Island Textile share of 882.00 (42.00).
The top three decliners were Pak Tobacco with price per share of 1110.00 (-37.15), Bhanero Tex. with price per share of 700.11 (-24.89) and Sunrays Textile share of 342.90 (-18.05)
Dr. Saboor Ghayur (Economist)
CPEC has a great importance for not only Pakistan but also for Central and South Asia as well. This project will open new vistas of economic progress. Road and transport projects are source of economic activities. Pakistan is on the road of progress due to prudent economic policies of the government which should be continued consistently.