China sent another team of doctors and medical aid to Pakistan that reached the Islamabad International Airport on Saturday. According to the ISPR, the team has an expertise in dealing with patients affected by the novel coroanavirus. The doctors will stay in the country for the next two months. They will also analyse Pakistan’s medical services and will advise doctors and paramedic staff working on the front line.
A Chinese mobile manufacturing company in partnership with a Pakistani manufacturer plans to produce 49% of mobile phone parts in Pakistan in the next three years. It was announced by the Federal Economic Affairs Minister Hammad Azhar on Wednesday after meeting Transsion Tecno CEO Aamir Allawala on Wednesday. Transsion Tecno is a joint partnership between Transsion Holdings China and Tecno Pack Pakistan.
In a bid to boost local infrastructure, the Punjab government has decided to initiate the “Five Sister Cities” project with China. The Local Development Department, in collaboration with Punjab Authorities, has prepared a letter of intent which proposes the creation of five sister cities under the Year of Friendship Sister Cities 2019 to promote friendly relations between the two countries.
Ministry of Commerce has announced that the tariff concessions under Phase-II of the CPFTA will be implemented between the governments of Pakistan and China from 1st January 2020. As per the agreement, the CPFTA-II will immediately eliminate the tariff on 313 tariff lines of Pakistan’s export interest covering $8.7 billion worth of Pakistan’s global export and $64 billion of Chinese global imports.
The report highlights that the China-Pakistan Free Trade Agreement (FTA) has played a key role in shrinking India’s export of cotton yarn by 38.8%. The free trade agreement (FTA) was signed in April this year. Under which, Pakistani goods worth $64 billion got duty free access to the Chinese market, large part of these goods belonged to the textile sector.