China is offering 20,000 scholarships to Pakistani students for opting to study in Chinese universities each year over the next three years. It is a healthy sign as it will encourage the inter-study environment.
China-Pakistan Economic Corridor (CPEC) has become a gateway to progress, development, and prosperity in Pakistan.
Earlier Project Director of the Investment Committee of the Prime Minister’s Office of Pakistan Abdul Sami said, “The Pakistani government is committed to making every effort to make it a true trade and economic corridor, ensuring market access, industrial transformation, socio-economic development, poverty alleviation and agricultural modernization, and developing Gwadar Port into an oil city and transshipment center.”
Pakistan has also decided to make a fresh request to China of over $8.5 billion for the development of railways Mainline (ML-1) from Peshawar to Karachi.
In the upcoming Joint Coordination Committee (JCC) that is scheduled to be held on Nov 6th, 2019, Pakistan will ask China to provide financing phase-wise for the ML-1 for a period of 10 to 15 years.
Pakistan and China will sign an agreement to promote cooperation in different areas including agriculture research. Also, the groundbreaking of Special Economic Zone at Rashakai will be held in November.
Secretary Ministry of Planning Zafar Hasan said, “We have proposed incentive package for the SEZs and proposed draft shared with the Board of Investment after conducting a comparative analysis of comparable economies in a bid to provide best of the best package for SEZs for potential investors.”