You'll find many things denied below, but not the China-Pakistan rail link.

Ministry of Railways denies plans for international lines
10 April 2006
Xinhua News Agency

BEIJING, April 10 (Xinhua) -- China's Ministry of Railways on Monday denied reports of plans for four international lines, including an extension of the Qinghai-Tibet track into India.

Ministry spokesman Wang Yongping told Xinhua that the proposals reported in some media were not listed in China's medium and long-term railway outline.

Some media, quoting an official with the Leading Group under the State Council for Development of the Western Regions, reported the proposed routes would get underway during the 11th Five-Year Program period (2006-2010) or even further ahead.

The reports stated the plans were: * an extension of the Qinghai-Tibet railway to India; * a route linking southwest China's Yunnan Province with southeast and southern Asia; * a track from northeast China to Russia; * and a line from Xinjiang into Russia.

Wang said the ministry has confirmed with the office of the Leading Group under the State Council for Development of the Western Regions that it had not released the story, but that a reporter had quoted a paper written by an official working in the office.

Wang acknowledged that the medium and long-term outline sets specific targets for railway construction by the year 2020.

i want the complete details for the railways pathway from Xian city{Shanxi province}To Pakistan.Answer me as soon as you get my message.Thanks.Bye bye.

This is my dream to see both bother like friends have all communicatin links including pipe lines,railways,internation standered highways,and use of himaliyan region mountain to under chinese territory to make dames for storage of huge amount of water for pakistan infact the gonna flow down to south anyway,and boders should be so soft that no one need a passsport.

this is indeed a tremendous idea of rail-link between pakistan and china. it would have a long term trade impect to enhance local businesses amongst the people of northern part of pakistan in particular and rest of the adjouning areas in general. i hope the the dream would become true as earlier as both the governments of pakistan and china boost the turbo efforts up.

PR signs deal with foreign firm for pre-feasibility study of Pakistan-China rail link
Written by pub
Monday, 19 February 2007
ISLAMABAD, Feb 19 (APP): Pakistan Railways on Monday signed a pre-feasibility study project for new rail link from Havelian to Khunjrab with a German and Austrian firm (ILF Consulting Engineers).

M/s ILF Consulting Engineers quoted the lowest rates of Rs 72.50 million for the project in the tender, which was participated by three other firms. This project would be jointly carried out by Chinese firm M/s Dongfang, which was the second lowest in the bid.

Pakistan Railways had asked the firm to bring lower their offer, matching with the lowest, so that the project could be jointly awarded.

The firm, accordingly reduced their bid and an agreement to this effect was already signed in Lahore between Pakistan Railways and the firm.

The agreement with the ILF Consulting Engineers was signed by General Manager Operations Assad Saeed.

Minister for Railways, Sheikh Rashid Ahmed was also there to witness the signing of the agreement.

The pre-feasibility study of the route is stretch over a length of 750km.

The project would be completed within nine months.

Minister for Railways speaking on the occasion said, Pakistan Railways is making all out efforts to make the country a regional transit hub and integrate it into the regional rail network up to the neighbouring countries.

Since the railways link with India and Iran already exists, while feasibility study for rail link from Chaman to Kandhar (Afghanistan) has already been completed.

plz send me the adress of that company whose got the contract of KKH desgin in pakistan
thak u

Dry Port Sost Hunza is the main body to manage the operational activites of trade between Pakistan and China which is in these days at six's and seven's. Governement tried to resolve the issue of Dry Port through people of Hunza and people of adjoining areas of north but they are not in a position to settle down this vital issue. it seems that there is a tag of war between different ethenical groups existing in this beautiful part of land. it is required to have interfarence from the central governement to address as it is not a property of any political leader or a group of people rather a bridging sourse between pakistan and china.

World's second largest bank is seeking opportunities for operation in pakistan would be indeed a tremedous initiative. plz see the details below;

QUETTA, Pakistan - The Industrial and Commercial Bank of China (ICBC), the world's second-largest bank, is looking to start operations in Pakistan.

It is exploring the possibility of establishing its presence in Pakistan to provide financial support to Chinese companies investing in the South Asian country and other development partners engaged in infrastructure development and financial

business.

The National Bank of Pakistan (NBP) and the ICBC have agreed to cooperate in the banking and financial sectors in both countries. A declaration calling for exploring the possibilities for mutual cooperation between the two entities was signed last Friday by the chairman of the ICBC board, Jiang Jianqing, who led a seven-member ICBC delegation.

The ICBC intends to explore the possibility of establishing its branches and acquiring Pakistani banks to provide financial services.

According to Jiang, Pakistan's sustained economic growth of 7% has prompted the ICBC to establish an economic link by opening branches in the country. He said that if Pakistan maintains its economic growth momentum, it will become an economic powerhouse in the region, attracting substantial foreign investment. He said he appreciated the reforms introduced by the Pakistani government and held separate meetings with the presidents of NBP and Habib Bank Ltd (HBL) and discussed ways to expand cooperation.

The financial sector has significantly contributed to the overall growth of the Pakistani economy and led to the country's improved international credit rating. The recent successful launching of Pakistan's sovereign bond is seen as a manifestation of investors' confidence in Pakistan's policies. NBP, HBL, Muslim Commercial Bank and Allied Bank of Pakistan have shown high growth in recent years. It is expected that consumer lending will continue to gather momentum as more banks focus their energies on gaining a share of the market, which is largely unpenetrated.

With 311.8 billion yuan (US$41 billion) in assets, the ICBC is the second-largest bank in the world and growing at 30% per annum. It specializes in infrastructure finance, corporate banking, personal banking, cash management, asset management, Internet banking and international banking. It is also a leader in financial services and product innovation based on advanced information technology, corporate governance and risk management.

It has a large network of 18,000 branches in China and around the world. It is a leading financial player in China with a large customer base and multi-dimensional business structure. In October 2005, the ICBC was officially transformed from a state-owned commercial bank into a shareholding company and renamed as the Industrial and Commercial Bank of China Ltd. The new entity has a registered capital of 248 billion yuan and 248 billion shares.

Pakistan and China already enjoy strong economic and trade relations under their free-trade agreement. Pakistan, under an institutionalized arrangement of the Pakistan-China Joint Economic Forum, is in the process of identifying infrastructure projects, including the development of hydropower and large dams. Similarly, Pakistan has established a joint investment company with China Development Bank to support Chinese firms that are establishing joint ventures with Pakistani companies and the large number of infrastructure projects in the country.

The ICBC can explore the possibility of investing in the Pakistan-China Special Economic Zone, where most Chinese companies would set up their businesses for contract manufacturing to market their products in West Asia. The ICBC's operations in Pakistan will act as a bridge between the two countries as the two countries strive to benefit from the expertise of Chinese and Pakistani banks.

Pakistan is tipped by foreign investment bankers as a potential hotbed of equity issuance activity because of its high economic growth and the government's aggressive privatization policy. The $129 billion Pakistan economy is expected to expand 8% annually over the next five years. Foreign portfolio investment in the local bourses has also shown an upward trend, signifying an increasing foreign interest in the country's capital markets. Foreign portfolio investment, as represented by the Special Convertible Rupee Account, showed a net inflow of $104 million in January alone; an inflow of $23 million was recorded on just one day - January 31. Interest exhibited by foreign companies in buying stakes in Pakistani companies has also been well received by the market through the country's privatization program.

China's banking sector is moving toward diversification. The sector has introduced various service delivery models, and a range of product and service offerings are available for retail and corporate customers. For the past five years, economic growth in Asian markets has been driven by strong consumer demographics, political and market reforms and economies of scale in production. The Asian markets are likely to provide the greatest opportunities for global financial-services companies looking for future growth. This trend is likely to continue in the Chinese market after the opening of its banking sector in accordance with World Trade Organization requirements. It presents both domestic and financial institutions with challenges and opportunities.

As in other Asian markets, financial globalization in Pakistan has led to increased liquidity and lowered the cost of capital, thus leading to better allocation of financial resources and more productive investments. It has also spurred competition and led to a new age of financial-sector development by improving screening of credit risks, monitoring of borrower activities, diversification of financial portfolios and substantially increasing the outreach to customers. Foreign financial institutions have also brought about improvements in the system by bringing in highly diversified financial tools and best practices from more developed economies. Pakistan's banking-sector boom has attracted considerable interest at foreign banks.

The share of foreign banks has reached 11.4% of total banking-sector assets in Pakistan. Foreign banks' share in profitability is about 11% of total banking-sector profits. According to Jeroen Drost, chief executive officer of ABN Amro Asia, Pakistan is a key growth market for his firm.

Pakistan has assured that it will provide all possible support and facilities to Chinese banks in the country. Prime Minister Shaukat Aziz on Friday told the ICBC that a big menu of financial services is available in Pakistan.

He said the government believes in providing a level playing field for all entrants to the market to promote healthy competition and provide consumers with the best and most affordable services.

Pakistan's financial sector is attracting heavy foreign investment and is among the top three sectors with respect to foreign inflows. They are: telecommunications, $1.2 billion; financial business, $572.8 million; and oil and gas exploration, $352.7 million during July-February in fiscal year 2007. The government intends to play the role of regulator and facilitator in the financial sector, sustaining the momentum of reforms so far achieved through the maintenance of a growth-enabling environment.

The existing foreign banks have by and large enhanced their presence and stake along with new foreign banks that have entered the Pakistani market for the first time. For example, Standard Chartered Bank has acquired Union Bank, ABN Amro has acquired Prime Bank, and Temasek of Singapore has established NIB Bank. ABN Amro's acquisition of Prime Bank made it the second-largest foreign bank in Pakistan.

There are other transactions in the pipeline and they reflect the robustness and profitability of Pakistan's banking sector. The government is planning to sell its 45% stake, worth up to $300 million, in United Bank Ltd (UBL) through a global share sale, and it has invited six investment banks to pitch for the deal. Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan and Merrill Lynch are all bidding for the $200 million to $300 million global depository receipt sale. The deal is expected to be completed by the end of this month.

Foreign banks are rapidly expanding their networks in Pakistan by opening new branches and acquiring small and medium-sized banks, especially ones that are financially weak.

Syed Fazl-e-Haider, sfazlehaider05@yahoo.com, is a Quetta-based development analyst. He is the author of six books, including The Economic Development of Balochistan, published in May 2004.

KKH expansion to contribute significantly for promotion of trade with China

BEIJING, July 12 (APP): China’s Xinjiang Autonomous region economic activities are growing steadily with its bordering states and Kashghar, as a hub of economic trade contributing significantly. Pakistan is the third largest trading partner of Xinjiang and both the sides see that on completion of Karakoram Highway (KKH) expansion project the volume of trade through land route would increase many fold.

“The location of Kashghar is just like a bridge, as it connect Pakistan with western regions of China, Central Asian Republics to West Asia, South Asia and Middle East, while Xinjiang lies at the heart of the Silk Road”, said a senior official of Pakistan Mission here who addressed the “China-Pakistan Land Route Trade Convenience Development Forum” at the just concluded Third Kashghar Central and South Asian Commodity Fair.

Although, Pakistan is the third largest bilateral trade partner of Xinjiang, after Kazakhstan and Kyrgystan our contribution is just 4.2 per cent of their total bilateral trade, he said in an interview with the APP.

There are many complementarities between Xinjinag and Pakistan we have around US$ 450 million trade but the prospects to enhance its volume are very bright.

“If sustained efforts were made, there is lot of potential to tap this important regional market by introducing our products in large scale,” he noted.

To further enhance the trade, he said that it has also been decided during a meeting with the Secretary of CPC and Commissioner Kashghar to hold exhibitions in each other countries and also traders belonging to Pakistan and China exchange maximum visits.

In this connection, he said that China would hold an exhibition of its commodities in Lahore in the second half of current year and Pakistan would reciprocate by holding an exhibition of its products in Kashghar.

He pointed out that to enhance trade through land with China, a project to Expand Karakoram Highway is underway and would be completed by 2010 and said that both sides are desirous to utilise this land route to the maximum.

He said that Pakistan has also proposed lying of railway line between Xinjiang and Pakistan and Chinese also supported the idea and were of the view to work on this project as well.

Pakistan, he said has already taken initiatives in this regard as it is working on a pre-feasibility study for lying track so that in future the railway link is also available between Pakistan and China running along KKH.Pakistan, he said is in the process of developing a North South Strategic Economic Corridor, which can be extended from Kashghar to Uremqi for goods transport operation.

He said that there is a desire from both sides for opening of goods transportation from Kashghar to Pakistani ports at Karachi and Gwadar and a decision in this regard would benefit both the Chinese Businessmen/Transport Operators and their Pakistani counterparts for exporting their goods to each other’s markets through this route.

Pakistan, also proposed setting up Joint Freight Forwarders Council to promote and encourage trade among members states through effective utilisation of KKH.

He pointed out that keeping our trade statistics with China from Xinjiang in perspective, it is important that we pay maximum focus and take advantage of the land route trade.

In this connection, he pointed out that Pakistan has constructed dry-port facilities at Sust, while China provides similar facilitation at Tashkurgan.

He also stressed the need for improving banking and transport facilities on both sides and utilising the existing port facilities in a more efficient manner.

Regarding introduction of Kashghar-Islamabad route, he said there is a need for commencing transport operation as soon as possible remaining within the Bilateral Agreement.

The proposed ,gas pineline, rail track and fibre optics would really be helpful in boosting the trade between Pakistan and China.It would also help China to easily access the new world markets like Africa nad themilldeeast.

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