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Showing posts from August 21, 2017

NZ ‘shouldn’t miss Belt and Road bandwagon’

https://www.newsroom.co.nz/2017/08/21/43889/nz-shouldnt-miss-belt-and-road-bandwagon

Bill English and Li Keqiang signed a Belt and Road cooperation agreement earlier this year - but one Chinese bank says we are running the risk of missing the bandwagon. Photo: Supplied.22 AUG 2017Sam Sachdeva

Concerns about Chinese investment in New Zealand are never far from the surface, but one Chinese bank operating here says we have much to gain - and could even benefit from stepping up our ties to a major Chinese initiative. Sam Sachdeva reports.With trade between China and New Zealand tripling since the two countries signed a free trade agreement in 2008, it’s no surprise that Chinese banks have seen merit in setting up shop here.The China Construction Bank, Bank of China, and Industrial and Commercial Bank of China have all been operating here for some time - but what are they bringing to the table?Wee Li Cheong, the deputy director of Bank of China New Zealand, says the strong relationship betwe…

NZ ‘shouldn’t miss Belt and Road bandwagon’

https://www.newsroom.co.nz/2017/08/21/43889/nz-shouldnt-miss-belt-and-road-bandwagon

Bill English and Li Keqiang signed a Belt and Road cooperation agreement earlier this year - but one Chinese bank says we are running the risk of missing the bandwagon. Photo: Supplied.22 AUG 2017Sam Sachdeva

Concerns about Chinese investment in New Zealand are never far from the surface, but one Chinese bank operating here says we have much to gain - and could even benefit from stepping up our ties to a major Chinese initiative. Sam Sachdeva reports.With trade between China and New Zealand tripling since the two countries signed a free trade agreement in 2008, it’s no surprise that Chinese banks have seen merit in setting up shop here.The China Construction Bank, Bank of China, and Industrial and Commercial Bank of China have all been operating here for some time - but what are they bringing to the table?Wee Li Cheong, the deputy director of Bank of China New Zealand, says the strong relationship betwe…

European attitude on BRI turning more positive

http://www.globaltimes.cn/content/1062423.shtml





Source:Global Times Published: 2017/8/21 20:18:392Illustration: Liu Rui/GT

Editor's Note:The University of Oxford will hold its First Belt Road Initiative Summit on September 13-14. What's the reason for such a summit? How do Europeans view the China-proposed Belt and Road initiative (BRI)? How should Chinese enterprises seize opportunities and tackle challenges that the BRI brings in countries along the route? Global Times (GT)London correspondent Sun Wei interviewed Yu Ying (Yu), one of the founders of the One Belt One Road Program in Oxford, about these issues. Yu is a research fellow in Law Justice and Society at Wolfson College, University of Oxford.

GT: What drove the Faculty of Law to launch the Belt Road Initiative Summit?Yu: The purpose of the annual Belt Road Initiative Summit is to provide a forum where leading international scholars, practitioners, industry professionals, and policymakers can come together to present and…

Depletion in Fishery Stock and Its Consequences in Balochistan

http://thebalochistanpoint.com/depletion-in-fishery-stock-and-its-consequences-in-balochistan/

By: QaziNisar AhmedFishing is the main and major source of income and livelihood of the people of Coastal area of Balochistan since the inception of human population, centuries ago. Around 55000-60,000 people are engaged in fishing and 60% of them are on regular basis. Balochistan is bestowed with a large share of 760 km coastline alongwith 8 main and 30 smaller fish landing sites with annual potential fish catch of 300,000 tonnes. However, from the last three decades while combating the immense pressure of exports of sea food and sea food products the fish catching has been increased from Balochistan, It reached the high mark of 147,000 tonnes in 2012, which in turn increased the trend of overfishing and destructive fishing methods in the sea of Balochistan.According to estimates more than 300 trawlers, 48 sail boats, 1698 Gill netters and 4690 Mech Sail boats are fishing day and night catch…

Balochistan: The biggest hindrance to China's CPEC ambitions

http://wap.business-standard.com/article/international/balochistan-the-biggest-hindrance-to-china-s-cpec-ambitions-117082100302_1.html

ANI | Brussels [Belgium] Aug 21, 2017 01:42 PM ISTPhoto: Shutterstock
Recent kidnappings, drive-by shootings and bomb attacks in Balochistan and in other parts of Pakistan have led a concerned China into believing that it might have to pay a high price for prioritizing the development of the Gwadar deep-sea port, located 300 miles west of Karachi, as part of its ambitious desire to gain commercial and naval influence further west.An editorial published in the web site www.politico.eu, while acknowledging China's strategic ambition to extend its maritime power across the Indian Ocean through its so-called string of pearls", a ring of ports around the Indian Ocean, including in Sri Lanka, Djibouti, the Seychelles and Pakistan, has cautioned Beijing about the challenges it faces in pursuing its commercial objectives in Balochistan such as terrorism…

PAF holds symposium on CPEC

https://www.pakistantoday.com.pk/2017/08/21/paf-holds-symposium-on-cpec/

National10 HOURS AGO BY STAFF REPORTShare this on WhatsAppISLAMABAD: A one-day Symposium on CPEC with a theme “CPEC vis-à-vis Opportunities for Aviation Industry and Way Forward” was held under the auspices of Pakistan Air Force (PAF) and Royal Aeronautical Society, Islamabad Branch at Nur Khan Auditorium Air Headquarters, Islamabad.Air Chief Marshal Sohail Aman, the chief of the Air Staff was the chief guest at the symposium. Senators, serving and retired bureaucrats, members of chambers of commerce and select academia notables from various institutions also attended the symposium.CPEC Parliamentary Committee Chairman Senator Mushahid Hussain Syed and Interior Minister Ahsan Iqbal were the keynote speakers at the event.While delivering the closing address, the air chief said, “the CPEC is a project of great magnitude which will play a pivotal role in transforming the economic landscape of Pakistan, as indeed the …

CPEC projects: Major chunk of machinery being imported from China

http://nation.com.pk/business/22-Aug-2017/cpec-projects-major-chunk-of-machinery-being-imported-from-china

ISLAMABAD - For CPEC projects, Chinese companies are procuring major part of machinery, equipment and material, which is being imported from China at concessional rates.According to the Ministry of Planning, Development and Reform data, material for civil work - sand, cement, steel - and consumable items like diesel, paints, major chunk of chemicals, gas required for power plants are procured locally. The major part of material, equipment and machinery is being imported. The reason for procuring the materials and machinery through import is due to non-availability of required items locally on such a large scale.Mechanical, electrical equipment, cranes hydraulic turbines, boilers, generators, governors system, main transformers and GIS system are not available locally in large quantity so these all items are being imported from China. Under the CPEC, jobs have been offered to Pakis…

Pakistan is not doomed after all

http://dailytimes.com.pk/opinion/22-Aug-17/pakistan-is-not-doomed-after-all

Change is wafting all around, engulfing us slowly but surely22-Aug-17by Hasnain Iqbal
Countries age no different from wine as years add both maturity and taste. 100 years old is better than 70 years old for sure for the discerning. Time has its own way and pace of dealing with the young. That said, growing up is inevitable. Let’s be a little more patient, give our nascent country time and try to distance ourselves from the turbulence on ground for a dispassionate view of the landscape. Pakistan is yet again caught in a maelstrom of political instability triggered by the Supreme Court verdict. Many view Pakistan teetering on the edge of the precipice for the umpteenth time. I see it all as creative chaos that will eventually blossom into order. A lot is going Pakistan’s way as the optimist in me refuses to pander to cynicism and Kafkaesque impulses. I let go of all the opportunities to settle abroad. Pakistan is …

CPEC a game changer for economic development: Shehbaz Sharif

https://www.pakistantoday.com.pk/2017/08/21/cpec-a-game-changer-for-economic-development-shehbaz-sharif/

Lahore12 HOURS AGO BY STAFF REPORT

LAHORE: Punjab Chief Minister Shehbaz Sharif has said that the multifaceted China Pakistan Economic Corridor (CPEC) is a game changer for the economic development of the country, as China has made investments to the tune of billions of dollars in energy and other development projects in Pakistan under the CPEC. Timely completion of development schemes, as well as savings in predetermined expenditures, is a wonderful achievement of Pakistan Muslim League-Nawaz’s (PML-N) government. He expressed these views while talking to a delegation of MNAs and MPAs belonging to different districts of the province, on Monday.The chief minister said that many of the CPEC related initiatives have been completed with total transparency, speed and quality, while many others are nearing completion. The historic projects under the CPEC are symbols of Pak-China friendshi…

CPEC: 19 PROJECTS WORTH OVER $18B UNDER CONSTRUCTION

http://www.radio.gov.pk/21-Aug-2017/cpec-19-projects-worth-over-18b-under-construction

The realization of China Pakistan Economic Corridor is now bringing about win-win results.07:20 AM, 21 Aug, 20170Under China-Pakistan Economic Corridor project, nineteen projects worth over eighteen billion dollars are under construction out of which eleven are related to the energy sector in Pakistan. According to an analysis published in a Chinese news website, (China.org.cn), the realization of China Pakistan Economic Corridor is now bringing about win-win results.It is said China is also offering jobs to Pakistani citizens and 60,000 local people are being employed under CPEC

Pakistan firmly supports China

https://news.webindia123.com/news/Articles/Asia/20170821/3172735.html
Beijing | Monday, 2017 9:15:05 PM IST Pakistan said on Monday that it firmly supports China on issues concerning its core interests.Pakistani Foreign Secretary Tehmina Janjua made the comment after meeting Chinese State Councillor Yang Jiechi here.At their meeting, Yang said it was especially important for China and Pakistan to enhance strategic communication in the present "global and regional circumstances", a Pakistan Foreign Office statement said.He called on both sides to maintain close high-level contacts, promote the construction of the China-Pakistan Economic Corridor (CPEC), forge cooperation in different areas and intensify coordination in multilateral bodies such as the UN and Shanghai Cooperation Organisation.Janjua said Pakistan was committed to building the CPEC and would like to maintain close communication with China on major international and regional issues.Janjua was appointed Pakistan…

Govt mulls short-term steps to fund record C/A deficit

https://www.thenews.com.pk/print/225020-Govt-mulls-short-term-steps-to-fund-record-CA-deficit


ISLAMABAD: The government on Monday mulled measures to drum up finances to fund a record high current account deficit, exhibiting over-reliance on China-Pakistan Economic Corridor (CPEC) related inflows and virtually dried-up direct foreign investment to fill the gap in the near term.Finance Minister Ishaq Dar at a meeting to review the external account position also mulled tapping capital markets to check the current account deficit that swelled more than twofold year-on-year to $2.053 billion in the first month of the fiscal 2017/18.The meeting also discussed dismal numbers of trade and remittances.  “The meeting was also briefed on various financing measures to finance the current account deficit in the short term. It was explained that increased inflows of foreign direct investment and other investments under the CPEC would largely fill this gap,” said a statement.  "Other options suc…

University of London cancels Musharraf’s event over protest fears

https://www.geo.tv/latest/154666-soas-cancels-musharrafs-event-over-protest-fears

ByMurtaza Ali ShahMonday Aug 21, 2017   LONDON: The University of London has said it will not allow All Pakistan Muslim League (APML) President Pervez Musharraf to use its venue to take part in a question and answer recording session for a private Pakistani television.A private television channel had announced that General (retd) Pervez Musharraf will “answer your questions on a range of world issues, from '99 takeover to the War on Terror and Nawaz Sharif’s disqualification” at the School of Oriental and African Studies (SOAS), Khalili Theatre on 24th of August.The SOAS came under intense pressure after the event with the former military dictator was announced. The university was told by at least three groups that it will protest during the event and activists will disrupt the event. Pakistan Solidarity Campaign, a group of Pakistani activists from various progressive groups, wrote to the SOAS …