Cooperation among Business Schools across the Belt and Road: A CPEC Perspective

Abstract

This chapter discusses the important collaborative role that business schools in China and Pakistan may play to support the China Pakistan Economic Corridor (CPEC), a flagship component of the Belt and Road Initiative. Given the vast scale of investment and infrastructure development related to this initiative, it is important to pay attention to the enormous need for technically and cross-culturally competent managers and business leaders to support this initiative. The chapter offers a brief overview of CPEC, highlights the human resource needs in its wake and outlines various fields within which business schools in both countries could support each other as well as the public and private sectors in the successful design and execution of CPEC projects. The chapter also offers some examples of cooperation already taking place among universities and business schools in China and Pakistan in support of CPEC. It also suggests some activities and deliverables of the proposed cooperation among business schools along the Belt and Road.

Appendix: List of Agreements Signed Between Pakistan and China in April 2015

• 1. Economic and technical cooperation agreement between China and Pakistan.

• 2. Exchange of notes of feasibility study of the Demonstration Project of the Digital Terrestrial Multimedia Broadcast (DTMB).

• 3. Exchange of notes on provision of anti-narcotics equipment.

• 4. Exchange of notes on provision of law enforcement equipment.

• 5. Exchange of notes on feasibility study of Gwadar Hospital.

• 6. MoU on provision of Chinese governmental concessional loan for second phase upgrading of Karakorum Highway (Havelian to Thakot) between Ministry of Commerce of China and Ministry of Finance and Economic Affairs of Pakistan.

• 7. MoU on provision of Chinese governmental concessional loan for Karachi–Lahore Motorway (Multan to Sukkur) between Ministry of Commerce of China and Ministry of Finance and Economic Affairs of Pakistan.

• 8. MoU on provision of Chinese governmental concessional loan for Gwadar port East Bay Expressway Project between Ministry of Commerce of China and Ministry of Finance and Economic Affairs of Pakistan.

• 9. MoU on provision of Chinese governmental concessional loan for Gwadar International Airport between Ministry of Commerce of China and Ministry of Finance and Economic Affairs of Pakistan.

• 10. Protocol on banking services to agreement on trade in services.

• 11. MoU on provision of material for tackling climate change between National Development and Reform Commission of China and Ministry of Finance of Pakistan.

• 12. Framework agreement on Cooperation on Major Communications Infrastructure Project.

• 13. MoU on cooperation between National Development and Reform Commission (NDRC) of China and Ministry of Planning Development and Reform of Pakistan.

• 14. MoU on pro-bono projects in the Port of Gwadar region between Ministry for Planning, Development and Reform of Pakistan and the International Department of the Central Committee of the Communist Party of China.

• 15. MoU on establishment of China-Pakistan Joint Cotton Bio-Tech Laboratory between the Ministry of Science and Technology of China and the Ministry of Science and Technology of Pakistan.

• 16. Framework agreement between the National Railway Administration, China and the Ministry of Railways, Pakistan on joint feasibility study for upgrading of ML1 and establishment of Havelian dry port of Pakistan Railways.

• 17. Protocol on the establishment of China-Pakistan Joint Marine Research Center between State Oceanic Administration of China and the Ministry of Science and Technology of Pakistan.

• 18. MoU on cooperation between the State Administration of Press, Publication, Radio, Films and Television of China and Ministry of Information, Broadcasting and National Heritage of Pakistan.

• 19. Triple party agreement between China Central Television and Pakistan Television (PTV) and Pakistan Television Foundation on the re-broadcasting of CCTV-NEWS/CCTV-9 documentary in Pakistan.

• 20. Protocol on establishment of sister cities relationship between Chengdu City, Sichuan province of People’s Republic of China and Lahore City.

• 21. Protocol on establishment of sister cities relationship between Zhuhai City, Guangdong province of People’s Republic of China and Gwadar City, Balochistan of Pakistan.

• 22. Protocol on establishment of sister cities relationship between Karamay City, Xianjian Uyghur autonomous region of China and Gwadar city, Balochistan of Pakistan.

• 23. Framework agreement between National Energy Administration (NEA) and MoPNRon Gwadar-Nawabshah liquefied natural gas terminal and pipeline project.

• 24. Commercial contract on Lahore Orange Line metro train project.

• 25. Agreement on financing for Lahore Orange Line metro train project.

• 26. MoU on financing for Karakoram Highway (KKH) upgrading Phase 2 (Havelian to Takot), KLM, Gwadar East Bay Expressway, Gwadar international airport projects.

• 27. Financing agreement relating to 870 MW Hydro-Electric Suki Kinari hydropower project between EXIM Bank of China, Industrial and Commercial Bank of China and SK Hydro.

• 28. Financing cooperation agreement between EXIM Bank of China and Port Qasim Electric Power Company on Port Qasim 2 × 660 MW coal-fired power plants.

• 29. Framework facility agreement for 720 MW Karot hydropower project between China Development Bank Corporation, EXIM Bank of China and Karot Power Company.

• 30. Term sheet of the facility for Zonergy 9 × 100 MW solar project in Punjab between China Development Bank Corporation, EXIM Bank of China and Zonergy Company.

• 31. Drawdown agreement on Jhimpir windpower project between UEP Wind Power as Borrower and China Development Bank Corporation as lender.

• 32. Terms and conditions in favour of Sindh Engro Coal Mining Company for Thar Block II 3.8 Mt/a mining project, Sindh province, Pakistan, arranged by China Development Bank Corporation.

• 33. Terms and conditions in favour of Engro Powergen Thar, Sindh province, Pakistan, for Thar Block II 2 × 330 MW coal-fired power project arranged by China Development Bank Corporation.

• 34. Framework agreement of financing cooperation in implementing the China Pakistan Economic Corridor between China Development Corporation and Habib Bank Limited (HBL).

• 35. MoU with respect to cooperation between Water and Power Development Authority (WAPDA) and Three Gorges Corporation (CTG).

• 36. MoU among Private Power and Infrastructure Board (PPIB), CTG, and Silk Road Fund on development of private hydropower projects.

• 37. Facility operating agreement for Dawood windpower project between Industrial and Commercial Bank of China (ICBC) and PCC of China and Hydrochina Dawood Power (PVT) Limited (HDPPL).

• 38. Framework agreement for promoting Chinese investments and industrial park developments in Pakistan between ICBC and HBL on financial services corporation.

• 39. Financing term sheet agreement for Thar Block-I between ICBC and Sino Sindh Resources Pvt Ltd (SSRL).

• 40. Energy strategic cooperation framework agreement between Punjab province of Pakistan and China Huaneng Group.

• 41. Framework agreement on China Pakistan Economic Corridor energy project cooperation between Ministry of Water & Power and China Export & Credit Insurance Corporation (Sinosure).

• 42. Cooperation agreement between Sino-Sindh Resources and Shanghai Electric Group for Thar Coalfield Block-I coal power integrated project in Pakistan.

• 43. Cooperation agreement for Matiyari–Lahore and Matyari (Port Qasim)–Faisalabad transmission and transformation project between National Transmission Distribution Company and National Grid of China.

• 44. IA on Port Qasim coal-fired power plant between Power China and Government of Pakistan (GoP).

• 45. Facility agreement for Sahiwal coal-fired power plant project between Industrial and Commercial Bank of China, Huaneng Shandong Electricity and Shandong Ruyi Group.

• 46. Cooperation agreement on Hubco coal-fired power plant.

• 47. Facilitation agreement on Salt Range coal-fired power project between China Machinery Engineering Corporation (CMEC) and Punjab Government.

Source: The Express Tribune2015; Haider 2015, based on press release by Pakistan’s Press Information Department

Note: CMEC, China Machinery Engineering Corporation; CTG, Three Gorges Corporation; DTMB, Digital Terrestrial Multimedia Broadcast; GoP, Government of Pakistan; HBL, Habib Bank Limited; HDPPL, Hydrochina Dawood Power (PVT) Limited; ICBC, Industrial and Commercial Bank of China; KKH, Karakoram Highway; NDRC, National Development and Reform Commission; NEA, National Energy Administration; PPIB, Private Power and Infrastructure Board; PTV, Pakistan Television; SSRL, Sino Sindh Resources Pvt Ltd; WAPDA, Water and Power Development Authority