ISLAMABAD/BEIJING: Pakistan and China embarked on their ambitious and effective project to link China's southwestern province Yunnan with Pakistan's largest port in Karachi, on Wednesday.
According to details, the first cargo train from Kunming, capital of Yunnan province, left with over 500 tonnes of commodities for Port Qasim in Karachi on Wednesday. This marked the opening of the new route between both the countries, who are ambitiously seeking trade partnerships with each other which could benefit them immensely. These goods are then transported to all parts of the world from the Karachi port.
According to Chinese experts, the new route will prove cost-effective in the sense that it would reduce transportation costs by as much as fifty-percent compared with past services. Experts also stated that it would be beneficial for the local firms and traders, who could not expand more and cater to the demands of international clients. They further stated that goods could now reach clients efficiently and more effectively as well as bring prominence to Yunnan.
— China Xinhua News (@XHNews) December 1, 2016
Maryam terms Punjab a "land of opportunity" for Chinese companies
Premier stresses need to prioritise low-cost power projects run on local resources
Bench mark index soars to intraday high of 115,172.44, rising 991.94 points, or 0.87%
Five IPPs received capacity payments of over 50% of dues in FY23, 12 in FY24, state documents
Pakistan committed to facilitating and supporting Chinese investors in every possible way, says President Zardari
Benchmark index closes at 114,180.5 points, rising by 3,370.29 points, or 3.04%