China agrees to finance further deepening of Gwadar seaport
JAKARTA, April 22 (APP): Chinese President Hu Jin Tao Friday conveyed Beijing's agreement to President Pervez Musharraf on financing further deepening of Gwadar seaport in Pakistan's southern province of Balochistan.
China will finance the project from the remaining preferential buyers' credit of US dollars 500 million extended to Pakistan.
Meeting on the sidelines of the Asian-African Summit, the two leaders expressed satisfaction with the state of bilateral ties including the outcome of Premier Wen Jiabao's recent visit to Pakistan.
Hu Jin Tao said the Treaty of Friendship concluded during the Chinese Premier's visit, is the first of its kind Beijing has with any South Asian country.
This will further develop relations of 'strategic cooperative partnership' between the two long-standing allies, he said.
President Musharraf said Pakistan looks forward to having greater access for its products to China's expanding market. This, he said, would help augment trade and also address imbalance in bilateral trade.
The two leaders also exchanged views on regional and international issues of common interest including the UN reforms.
President Musharraf briefed the Chinese leader about his just-concluded visit to New Delhi, during which he had substantive talks with the Indian leadership for resolution of outstanding issues including lingering Jammu and Kashmir dispute.
http://www.app.com.pk/n27.htm
China assures help Pakistan connecting Gwadar through rail link
BEIJING, April 22 (APP): China is willing to help Pakistan connecting Gwadar seaport with the rest of the country through rail link.
This was stated by Chinese Railways Minister Liu Zhijun during his meeting held in Beijing Friday with his Pakistani counterpart Mian Shamim Haider.
The two sides reviewed their on-going cooperation in the Railways sector and agreed to take further steps facilitating each other in socio-economic development.
Haider who is on a weeklong visit to China thanked the Chinese side for its support in moderation of Pakistan Railways.
Official sources told APP the Chinese Minister reassured his country's financial and technical help for replacing the existing outdated railway tracks and signaling system. China's support based on transfer of technology, enabling Pakistan to meet all its railway’s requirements indigenously.
According to the sources, the Chinese companies- Dongfang Electric Corporation and China National Machinery Import and Export Corporation will continue help Pakistan Railways improve its train service by replenishing its aging rolling stock in a five-year phased programme.
The Chinese companies have already signed agreements with the Pakistani side for supply of locomotives, passenger coaches and freight wagons to improve speed and other facilities for railway customers.
http://www.app.com.pk/n09.htm