
Pak envoy to China visits Khorgos Free Trade Zone, Cooperation Centre
He also met with the local leadership and discussed how this dry port had developed into sixth generation crossing point for people and goods. Both sides also discussed ways to carry out exchanges and collaboration to draw upon the good practices of Khorgos dry port for its potential application in the Khunjerab dry port between Pakistan and China. The Ambassador is currently in Xinjiang, China for an official visit.
During his visit to the dry port, Ambassador Hashmi was briefed on how technology-driven operations of the customs and immigration authorities at Khorgos had led to efficient, uninterrupted movement of people and goods.
Among other things, it was informed that cargo trucks could be customs cleared in 25-30 minutes due to integration of technology and the two way volume of trade had increased 46 % in 2025 year-on-year basis.
The Ambassador was also briefed on the successful operation of the duty free border market spread over an area of 5.8 square kilometres where citizens of China and Kazakhstan as well as third countries could enter and shop duty free.
The Ambassador and local authorities decided to maintain contact to promote exchanges and study visits to explore the possibility of replicating this successful model for Pakistan's border markets with its friendly neighbors.
Ambassador's visit comes in the wake of several measures taken in recent years by both Pakistan and China to upgrade the land border infrastructure between the two countries. In December 2024, the two sides have launched the year round operation of Khunjerab pass.
Copyright Business Recorder, 2025

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
16 hours ago
- Business Recorder
Marka-e-Haq 14th August Youm-e-Azaadi: Message from Admiral Naveed Ashraf Nishan-e-Imtiaz (Military) Tamgha-e-Basalat Chief of the Naval Staff
On the auspicious occasion of Pakistan's 78th Independence Day, we stand united and grateful on being blessed with an independent and rejuvenated homeland. This day is not merely a remembrance of the past but a powerful reaffirmation of our collective resolve to build a country that stands as beacon of peace, prosperity and justice for its citizens, embodying the profound vision of our founding fathers. Let us recall the untiring struggle, indomitable courage and countless lives dedicated to securing a separate homeland where our dreams and aspirations could be realized. It is this foundational spirit that continues to inspire us to strive for social equity, economic growth and shared prosperity, ensuring that every individual finds dignity and opportunity within our borders. The Independence Day is significant as the entire nation gelled together and remained steadfast in preserving our freedom against the nefarious designs of our perennial enemy. Today's celebrations remind us that freedom is preserved through sacrifices, unity and resilience. During Marka e Haq, Allah SWT bestowed us with a precious victory owing to the grit and fortitude of our valiant Armed Forces against a Machiavellian adversary. This remarkable success stands as a powerful testament to the unwavering resolve, resilience and enduring spirit of the entire Pakistani nation. By the grace of Allah SWT, during these testing times, Pakistan Navy vigilantly guarded our maritime frontiers and remained alert and poised to respond to any misadventure at sea. Our perpetual readiness and unshakeable resolve kept the enemy at bay and ensured protection of our vital maritime interests and unhindered flow of trade. May Allah SWT keep us in His protection and grant us the strength to ensure impregnable defence of our country and enrich the glorious legacy of our predecessors in protecting our motherland with dignity, honour and pride. May the green flag embedded with white crescent and star always fly high with our borders secured, seas guarded and air defended from enemy's malice and rancor. Amen. Copyright Business Recorder, 2025


Business Recorder
16 hours ago
- Business Recorder
Remote areas of Punjab: CM directs installation of water filtration plants
LAHORE: Chief Minister Punjab Maryam Nawaz Sharif presided over a special meeting in which progress being made on clean water, water filtration plant and other development projects were reviewed. The Chief Minister was given a detailed briefing about the Model Village project. The meeting also reviewed progress being made on Lahore Development project and Punjab Development project. On this occasion, the proposal to install water filtration plants in the remote areas was also reviewed. The Chief Minister Maryam Nawaz Sharif has assigned a deadline of 30th June, 2026 regarding the installation of water filtration plants. She emphasized on the early completion of the construction and repair of streets in the Lahore Development Project. Expressing her indignation over delay in the completion of some projects, the CM also reviewed 122 beautification projects in every city of Punjab. 51 beautification projects will be completed in Lahore division, 64 in Rawalpindi, 37 in Faisalabad, 75 in Multan. 45 in Sargodha, 64 in Gujranwala, 51 in DG Khan, 61 in Bahawalpur, 53 in Gujrat and 49 in Sahiwal. The Chief Minister directed to ensure timely completion of all beautification projects. She underscored those public complaints regarding non-availability of drinking water will be redressed on a priority basis. She directed to formulate a regular system for the construction, repair and maintenance of water filtration plants. She affirmed the importance of keeping the timeline along with construction and quality of development projects before launching them. Copyright Business Recorder, 2025


Business Recorder
19 hours ago
- Business Recorder
Hydrocarbon production output in FY25 hits 20-year low
KARACHI: Pakistan's hydrocarbon production plunged to its lowest level in over two decades in FY25, with oil and gas output down sharply as surplus imported LNG in the system forced curtailment of domestic supply. Industry data shows oil production dropped 12 percent year-on-year to an average of 62,400 barrels per day, while gas volumes fell 8 percent to 2,886 million cubic feet per day. The downturn was even steeper in the April–June quarter, when oil output declined 15 percent and gas 10 percent compared to the same period last year. The slump has been attributed to increased RLNG availability—bolstered by the diversion of captive industrial users from gas to the national grid—and government measures that made gas-fired captive generation costlier than grid electricity. The off-grid levy of Rs791 per mmbtu pushed total gas tariffs for captive use to Rs4,291 per mmbtu. Several key fields recorded double-digit production declines. The Tal Block, accounting for nearly 17 percent of Pakistan's oil output, saw volumes tumble 22 percent year-on-year in the fourth quarter. Within the block, Maramzai and Mardankhel fields posted declines of 54 percent and 52 percent, respectively. On the gas side, Qadirpur and Nashpa fields registered 36 percent and 34 percent annual declines in the same period, largely due to curtailments by Sui gas companies. Topline Research estimates the loss of local production added more than $1.2 billion to Pakistan's foreign exchange outflows in FY25, as greater reliance on imported fuels became necessary. Looking ahead, the brokerage warns production could slip further in FY26, with current flows hovering near 58,000–60,000 barrels of oil per day and 2,750–2,850 mmcfd of gas. However, it sees a potential upside if the government renegotiates its RLNG supply deal with Qatar in March 2026, which could pave the way for a recovery in domestic exploration and production volumes. Copyright Business Recorder, 2025