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Showing posts from March 17, 2018

India Says ‘Prerogative’ of Iran to Invite China, Pakistan for Chabahar Development

https://www.tasnimnews.com/en/news/2018/03/17/1683335/india-says-prerogative-of-iran-to-invite-china-pakistan-for-chabahar-development


TEHRAN (Tasnim) – Days after Iran invited China and Pakistan to participate in the development of its strategic Chabahar port, India said it was the prerogative of the Iranian government to choose its partners for the project.March, 17, 2018 - 18:09 Economy Comments "It is the prerogative of the government of the Islamic Republic of Iran to choose its partners for the development of infrastructure facilities there," Indian External Affairs Ministry Spokesperson Raveesh Kumar said during a media briefing, The Times of India reported.During a three-day visit to Islamabad, Iran's Foreign Minister Mohammad Javad Zarif invited Pakistan and China to participate in the strategic Chabahar Port project, saying it is not aimed at "strangulating" or "encircling" anybody.The first phase of the Chabahar port on the Gulf of Oman was …

Iranian forces fire mortar shells into Panjgur

https://www.dawn.com/news/1395960

The Newspaper's CorrespondentUpdated March 18, 2018
GWADAR: Iranian forces fired about half a dozen mortar shells into Pakistani territory near the Panjgur border in Balochistan on Saturday, according to official sources.The shells were fired by Iranian border guards without provocation. The shells landed and exploded in an open space in the Parako area, a small village in Panjgur district.Security officials said that mortar shells were fired in the early hours of the day, adding that no casualty was reported.However, panic gripped the people of the area when they woke up to loud explosions.ARTICLE CONTINUES AFTER ADLevies and Frontier Corps personnel rushed to the site where the shells had landed to collect evidence. The Panjgur deputy commissioner informed the officials concerned in Quetta about the incident.Iranian forces have violated Pakistani territory with frequency in recent months and Islamabad has repeatedly lodged protests with Tehran ove…

Reading The Tea Leaves on China’s Constitutional Amendments

http://bruegel.org/2018/03/reading-the-tea-leaves-on-chinas-constitutional-amendments/


The recent amendments of the Chinese Constitution have stimulated much attention, focusing on the power consolidation of President Xi. Though the four key amendments do not mention direct economic reforms, indirect impact should be considered even if clear-cut conclusions are difficult to draw.BY: ALICIA GARCÍA-HERRERODATE: MARCH 12, 2018TOPIC: GLOBAL ECONOMICS & GOVERNANCE   This opinion piece has been published in:China’s structural issues, led by aging and the sharp reduction of the return on investment, have made economic reform more urgent than ever. Aware of this, only a few months ago, at Davos, China’s new economic mastermind, Liu He, offered a very rosy picture of the extent of economic reform we should be expecting from China in 2018. On that positive tone, China watchers were looking for signals of economic reform at the recent Central Committee meeting. The meeting could not have been…

China, Europe natural partners in Belt, Road Initiative: ambassador

http://www.xinhuanet.com/english/2018-03/17/c_137046324.htm


Source: Xinhua 2018-03-17 22:49:29Photo taken on Nov. 10, 2017 shows the cargo train during a launching ceremony of the railway route in Kouvola, Finland. With more than 40 containers on it, the cargo train bound for Chinese inland city of Xi'an departed Kouvola, southeastern Finland, on Friday. It will take 17 days to run 9,000 km to cross the Eurasia continent, passing through countries including Russia and Kazakhstan, before reaching its final destination of the northwest China's Xi'an, one of the oldest cities in China. (Xinhua/Li Jizhi)BRUSSELS, March 16 (Xinhua) -- China and Europe, each located at one end of the Silk Road, are natural partners in the Belt and Road Initiative, according to Zhang Ming, head of Mission of the People's Republic of China to the European Union.With joint efforts, the initiative and Europe's development strategies are creating synergy, he added.CHINESE-EU SYNERGYIn an artic…

Balochistan lawmakers urge increase in provincial constituencies

https://www.pakistantoday.com.pk/2018/03/17/balochistan-lawmakers-urge-increase-in-provincial-constituencies/
National8 HOURS AGO BY NEWS DESKBalochistan Assembly Saturday called for a review of the recent delimitations carried out by the federal government across the province and asked to increase the number of provincial assembly seats based on the evident increase in population.In a resolution adopted by the assembly, the concerns of political parties regarding the reduced number of provincial assembly seats allocated to the province were highlighted.Balochistan Minister for Information Mir Asim Kurd Gailo said that despite the increase in Balochistan’s population reflected in the 2017 census, provincial seats have not been increased.  Gailo tabled the resolution, which was unanimously adopted by the treasury and opposition benches.The house requested the federal government to add 20 provincial assembly seats in view of growing population in the province.According to the 1998 census…

How Should the US Engage China in Space?

https://thediplomat.com/2018/03/how-should-the-us-engage-china-in-space/
How Should the US Engage China in Space?Examining the maritime domain for lessons on a strategic way forward for U.S.-China cooperation.By Adam YangMarch 17, 2018
China is striving to become a space powerthat rivals or surpasses the United States, Russia, and Europe. In September 2006, China tested lasers against U.S. imagery satellites in a manner that could potentially blind or damage them in future conflict. For U.S. officials, this event and China’s subsequent destruction of its own weather satellite in 2007 signaled that space was a “contested domain.” Subsequently, in 2011, U.S. lawmakers passed legislation that banned cooperation between the National Aeronautical Space Administration (NASA) and the China National Space Administration – largely in response to China’s history of espionage against U.S. technical industries.The 2018 U.S. National Defense Strategy categorized China as a revisionist power, and thr…

Chinese expert delegation visits mineral side of Balochistan’s Muslim Bagh

https://www.brecorder.com/2018/03/17/405537/chinese-expert-delegation-visits-mineral-side-of-balochistans-muslim-bagh/


 PARVEZ JABRI MAR 17TH, 20180 VIEWS: 32QUETTA: Secretary Industrial Balochistan Ahmed said that Chinese experts would train youth of province in technical and industrial sectors in order to get opportunities of mega project China-Pak Economic Corridor (CPEC) in the country.He said this while briefing six member of Chinese delegation when they visited the Muslim Bagh’s mineral area and Special Economic Zone in Bostan in connection with investment opportunities in Balochistan.The Chinese delegation visited mineral and chromites side area of Muslim Bagh where they were also briefed about recovered chromites.“Chinese and Balochistan experts jointly will play their role in development and prosperity of the people of Pakistan and province”, he said in briefing.He said Balochistan is rich in mineral resources where foreign investors could take benefits in these fields.Secreta…

Stability in Pakistan integral to China’s development: Ambassador

https://nation.com.pk/17-Mar-2018/stability-in-pakistan-integral-to-china-s-development-ambassador

3:21 PM | March 17, 2018
Ambassador of People’s Republic of China to Pakistan, Yao Jing, has said that China cannot afford to lose Pakistan because stability in its neighbourhood is integral to China’s development.He made these remarks while speaking at an interactive policy dialogue organized by Lahore Centre for Peace Research (LCPR) on the topic “Pakistan-China Relations in the 21st century” which was arranged in his honour, said in a press release issued here Saturday.In his keynote speech, the Ambassador of China emphasized that Pakistan matters to China’s vision of development and growth as enshrined in last year’s 19th China’s Communist Party Convention.He said that Pakistan’s importance to China would continueto increase because of the all-weather Pak-China relations and centrality of the China Pakistan Economic Corridor (CPEC) route in the Belt and Road Initiative(BRI).Yao said th…

FDI jumps 15.6 percent on massive Chinese inflows

https://www.thenews.com.pk/print/293339-fdi-jumps-15-6-percent-on-massive-chinese-inflows



ListenKARACHI: Pakistan’s foreign direct investment (FDI) surged 15.6 percent in the eight months of current fiscal year largely drawing strength from massive Chinese inflows under China-Pakistan Economic Corridor projects, data released by State Bank of Pakistan showed on Friday.The FDI in the July-February period of FY18 increased to $1.941 billion from $1.678 billion a year earlier. In February alone, the FDI inflows were recorded at $340.8 million, compared to $146.7 million in the corresponding month of last fiscal year.During period under review, the FDI inflows from China reached $1.281 billion, an increase of 139 percent over the same period of the last fiscal. On the other hand, investments from the United Kingdom rose to $205.5 million against $139.9 million last year, whereas inflows from Malaysian firms increased to $121.3 million from $16.7 million year ago. Most of the investment wen…

Net FDI records 84pc growth in July-Feb

https://pakobserver.net/net-fdi-records-84pc-growth-in-july-feb/

Masroor Afzal PashaKarachiThe net Foreign Direct Investment (FDI) witnessed a substantial growth of 84.5 percent during the period of July to February of the financial year 2017-18 compared with the corresponding period of last financial year, according to the State Bank of Pakistan (SBP).Overall, the country received a net FDI of $4.297 billion in July to February as compared with $2.33 billion net FDI reported in the same period of last financial year.The growth in net FDI was witnessed due to significant inflows in FPI which surged to $2.45 billion after the floating of foreign bonds in the international market. On the other hand, FDI of the real sector recorded a growth of 16.5 percent to stand at $1.94 billion during the period under review.Foreign Portfolio Investment (FPI) is made in equity and debt securities and is the major component of net Foreign Direct Investment. On the other hand, the FDI is carried out in …