Explanation

The State Bank of Pakistan has released a Rs. 100 coin to celebrate 10 years of the CPEC project.

The commemorative coin will be available starting August 11, 2023.

Explanation

Joint Coordination Committee (JCC) of the China-Pakistan Economic Corridor (CPEC) 2024

Edition: 13th

Date: 24 May, 2024

Note: The last (12th JCC) meeting had taken place in Beijing in July 2023.

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Explanation

The China-Pakistan Economic Corridor (CPEC) is a series of energy and infrastructure

projects, some of which connect China’s Xinjiang to Gwadar.

Initiated in mid-2013 and formally launched in April 2015.

CPEC is generally described as a $46 billion package of Chinese aid.

Explanation

Both sides reviewed the continued implementation of CPEC and its expansion to jointly agreed on priority areas.

It is notable that in 2018, Pakistan invited Saudi Arabia to be the third ‘strategic’ partner in the CPEC.

Now, this time, both China and Pakistan are seeking the direct involvement of a third country in this mega project.

Explanation

·         As of January 2019, the list totals 790 projects

·         OBOR stands for One Belt One Road

 OBOR was Initially announced in the year 2013

·         What Is One Belt One Road (OBOR)?

·         OBOR, the brainchild of Chinese President Xi Jinping, is an ambitious economic development and commercial project spread across the continents of Asia, Africa, and Europe.

·         Dubbed the “Project of the Century” by the Chinese authorities, OBOR spans about 78 countries  

       SH1-8-2023

S

Explanation

CPEC was formally launched on 20 Arpil 2015 with the value of $46 billion.

China-Pakistan Economic Corridor is a framework of regional connectivity.

China Pakistan Economic Corridor is journey towards economic rationalization in the globalized world.

ND23-6-2023

Explanation

·         As of January 2019, the list totals 790 projects

·         OBOR stand for One Belt One Road

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·         What Is One Belt One Road (OBOR)?

·         OBOR, the brainchild of Chinese President Xi Jinping, is an ambitious economic development and commercial project spread across the continents of Asia, Africa, and Europe.

·         Dubbed as the “Project of the Century” by the Chinese authorities, OBOR spans about 78 countries.

Explanation

A three-day business conference on China Pakistan Economic Corridor (CPEC) Central Asia organised by the Rawalpindi Chamber of Commerce and Industry (RCCI) will be held in Gwadar from Nov 16 to 18, 2020 ; the conference has been organized to deliberate investment opportunities and trade ties with Central Asian countries.

Explanation

A three-day business conference on China Pakistan Economic Corridor (CPEC) Central Asia organised by Rawalpindi Chamber of Commerce and Industry (RCCI) will be held in Gwadar from Nov 16 to 18, 2020 ; the conference has been organized to deliberate investment opportunities and trade ties with Central Asian countries.

Explanation

The derelict port of Gwadar, located on the Arabian Sea at the mouth of the Strait of Hormuz, emerged as CPEC’s jewel.