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Showing posts from April 12, 2018

Balochistan’s water

Balochistan’s waterWajid Ali | Azizullah KakarApril 13, 2018

BALOCHISTAN’S water challenge continues to grow. The province has four agro-climatic zones: the coast, desert, plains and upland. The uplands are further divided into three regions based on altitude, where climatic conditions, water availability and cropping systems differ. Rainfall in the province increases with altitude, allowing upland farmers to grow high-value crops.As per provincial irrigation department data from 2016, upland Balochistan (ie, Pishin, Loralai, Killa Abdullah, Killa Saifullah and Ziarat) has 114 dams with a total storage capacity of 30,372 acre feet. Studies have found a correlation between this and a high groundwater table in the area, as the dams regenerate groundwater levels in the form of kareze and wells. But the rapid rise in population growth in the province has also led to an increase in the demand for water. A plethora of literature confirms that the water table is a significant component of eli…

Brahumdagh Bugti: Dozens of BRP and BRSO members resigned

Dozens of BRP and BRSO members from UK, Canada, Germany, Gulf, Karachi and Makuran resigned from their party and organisation over the controversial statement of BRP head.


Press release (Quetta) After BRP’s president Nawab Brahamdagh Bugti’s controversial statement regarding the 27th march, keeping the dead lock and no response to the draft sent by the Republican committee. Dozens of Baloch Republican Party and Baloch Republican Students Organisation members resigned from their party and organisation. Today, all members sent their resignations to the zonal presidents and central leadership of the party.In a statement, the Republican Committee, which was created after BRP’s president’s controversial statement on 27th, March 2018, said that “Today we all jointly resigned from Baloch republican Party (BRP) and Baloch Republican Students Organisation (BRSO) and disaffiliate us from the party. Members who resigned from the party are from UK, Canada, Germany, Gulf and Makuran chapters of th…

Chinese firm to invest $800 million on Sri Lanka Port City underground road

https://www.reuters.com/article/us-sri-lanka-china-portcity/chinese-firm-to-invest-800-million-on-sri-lanka-port-city-underground-road-idUSKBN1HJ170
Chinese firm to invest $800 million on Sri Lanka Port City underground roadReuters StaffCOLOMBO (Reuters) - China Communication Construction Company (CCCC) will invest $800 million to build an underground road network to Sri Lanka’s Port City, a $1.4 billion project built on reclaimed land, a government minister said.The plan, for which an agreement has already been signed, is expected to reduce traffic congestion on the existing route once the Port City - part of Beijing’s ambitious plan to create a modern-day “Silk Road” across Asia - starts operating.“Once legal procedure on the new reclaimed land is done, the construction will start,” Sri Lanka’s Minister of Megapolis and Western Development Champika Ranawaka told a Foreign Correspondents’ Association forum late on Wednesday.SPONSOREDMore than 60 percent of the Port City’s area has bee…

Santander taps into China’s Road and Belt for trade finance

https://www.verdict.co.uk/leasing-life/news/contract-news/santander-trade-finance-china-belt-road/

Santander taps into China’s Road and Belt for trade financeBy Lorenzo Migliorato  April 12, 2018Santander will provide trade finance to enterprises involved in China’s “Road and Belt” cross-country infrastructure initiative.The Spanish banking group has signed a memorandum of understanding with Bank of Shanghai to jointly financials services to Chinese companies involved in Road and Belt projects overseas, with a focus on Europe and Latin America.Services will include trade finance, settlement and corporate and investment banking.Antony Hung, regional head for Asia Pacific, Santander Group, said: “I firmly believe that Santander, through its close cooperation with Bank of Shanghai, will make the most of the regional complementarity of both institutions and become a firm practitioner of the Belt and Road initiative”.Belt and Road, also known as the “New Silk Road”, is a Chinese government-…

Belt and Road Initiative: Strategies to Deliver in the Next Phase

http://www.imf.org/en/News/Articles/2018/04/11/sp041218-belt-and-road-initiative-strategies-to-deliver-in-the-next-phase

Belt and Road Initiative: Strategies to Deliver in the Next PhaseBy Christine Lagarde, IMF Managing Director 
IMF-PBC Conference — BeijingApril 12, 20181. IntroductionGovernor Yi, Excellencies, distinguished guests, ladies and gentlemen — good morning! Zao Shang Hao!Thank you for the kind introduction.One year ago, here in Beijing, I spoke about the promise of the Belt and RoadInitiative.It is quite appropriate that we are gathered again at the beginning of the spring season, just when flowers start to bloom, to see how the Belt and Road Initiative (BRI) is developing.This is what I would like to discuss with you today: first, the early indications of progress under the Belt and Road Initiative — the blossoms — and then, equally important, how to make sure this endeavor can fully deliver in bearing fruit.2. Belt and Road PotentialIn 2013, when President Xi announced …

IMF's Lagarde warns of debt risks in China’s Belt and Road initiative

https://gbtimes.com/imf-chief-warns-of-challenges-facing-chinas-belt-and-road-initiative
IMF's Lagarde warns of debt risks in China’s Belt and Road initiativeby Janne Suokas Apr 11, 2018 23:52 TRADEINVESTMENTXI JINPINGIMF Managing Director Christine Lagarde and Chinese President Xi Jinping meeting at the Boao Forum for Asia 2018 in Hainan, China. IMFFlickrCC BY-NC-ND 2.0China’s Belt and Road initiative should fill true infrastructure gaps and avoid financing deals that may lead to debt problems in partner countries, International Monetary Fund Managing Director Christine Lagarde said on Thursday.Lagarde was speaking at a conference in Beijing organised by the IMF and the People’s Bank of China to discuss the macroeconomic and financial frameworks needed for the implementation of the Belt and Road initiative.The initiative was proposed by Chinese President Xi Jinping in 2013 to boost trade among more than 65 countries from Asia to Europe and Africa through massive investments in rai…

Belt and Road--An Initiative for Win-win Cooperation

http://www.fmprc.gov.cn/mfa_eng/wjb_663304/zwjg_665342/zwbd_665378/t1549461.shtml
Belt and Road--An Initiative for Win-win Cooperation--by H.E. Jiang Jiang, Chinese Ambassador to Malta(From Chinese Embassy in Malta)2018/04/10The Silk Road has an ancient history and a promising future. Since President Xi Jinping put forward the Belt and Road Initiative (BRI) in late 2013, it has become a reality and is yielding fruitful results. To date, China has signed Belt and Road cooperation agreements with 80 countries and organizations, conducted industrial capacity cooperation with over 30 countries, and built 75 overseas economic cooperation zones in 24 countries. Chinese businesses have invested over US$60 billion in Belt and Road partner countries and created nearly 200,000 jobs in them.To facilitate the initiative, China has launched the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund. By the end of 2017, the AIIB had approved more than 20 investment projects totaling over…

Balochistan being neglected in CPEC, says Bizenjo

https://www.dawn.com/news/1401117Balochistan being neglected in CPEC, says BizenjoThe Newspaper's Staff ReporterUpdated April 12, 2018
ISLAMABAD: Balochistan Chief Minister Mir Abdul Quddus Bizenjo speaking at the press conference on Wednesday.—PPIISLAMABAD: Balochis­tan Chief Minister Mir Abdul Quddus Bizenjo said on Wednesday that his province was being neglected by the federal government in the China-Pakistan Econo­mic Corridor (CPEC) project.“More than Rs5,000 billion is being spent on the CPEC, but Balochistan is not receiving even one per cent of it,” he said while speaking at the Meet the Press programme at the National Press Club.He said a major portion of the CPEC fell in Balochistan, but the people of the province were ignored in development activities being made under the project. “We have to see what benefit the people of Balochistan will get from the CPEC,” he added.“I am collecting the record of the CPEC to ascertain what benefit will be given to our people in the gra…

The dynamics of Balochistan

https://dailytimes.com.pk/226763/the-dynamics-of-balochistan/

The dynamics of BalochistanThe significance of Balochistan has increased manifold with the initiation of CPEC
Masud Ahmad KhanAPRIL 12, 2018The location of Balochistan is strategically important because of its proximity to the Strait of Hormuz. It has a coastline of 470 miles along the Arabian Sea. It borders with KP, FATA and Punjab in north and northeast, Sindh to the south-east, the Arabian Sea in the south, Iran in west and Afghanistan to the north and north-west. The population of province according to the 2017 Census is 12.344 million.The main ethnic groups are Baloch, Pakhtun, Barahvi and Hazaras. The dynamics of Balochistan are different and challenging as compared to other provinces. Firstly, the so-called Durand Line is the internationally recognised border between Pakistan and Afghanistan. But successive Afghan governments have refused to accept the Durand Line as a legitimate international border.Secondly, the Sar…

Game changer: 'Tharparkar's development answer to criticism of CPEC'

https://tribune.com.pk/story/1683342/1-game-changer-tharparkars-development-answer-criticism-cpec/Game changer: 'Tharparkar's development answer to criticism of CPEC'By Our CorrespondentPublished: April 11, 201Bilawal inaugurates desert region's first airport named Mai Bakhtawar. PHOTO: INPHYDERABAD: Defending the China Pakistan Economic Corridor (CPEC), Pakistan Peoples Party Chairman Bilawal Bhutto -Zardari has said Tharparkar’s development is the real answer to the criticism of the project.“I want to carry this model [of Tharparkar’s development] to Balochistan where many CPEC projects are in progress. It will make sure that the local population is benefited like the population in Tharparkar,” he said on Wednesday in Tharparkar where he inaugurated the desert region’s first airport, named after a pre-partition peasant leader Mai Bakhtawar.The Sindh government financed construction of the Rs2.2 billion facility with an objective to facilitate travel of the local and …

Completion of CPEC to further boost Pakistan, Iran cooperation

https://www.brecorder.com/2018/04/12/411210/completion-of-cpec-to-further-boost-pakistan-iran-cooperation/

Completion of CPEC to further boost Pakistan, Iran cooperation PARVEZ JABRI APR 12TH, 20180 VIEWS: 73ISLAMABAD: The Ambassador of Pakistan to Iran Asif Durrani said that the successful completion of China-Pakistan Economic Corridor (CPEC) would further boost Pakistan- Iran cooperation as transit hub for the region.He said this during a reception to commemorate the 78th Pakistan’s National Day in Tehran, said a message received here on Wednesday.Interior Minister of Iran Abdolreza Rahmani Fazli was the chief guest on the occasion while a large number of guests from all walks of life including Alaeddin Borojardi, Chairman National Security and Foreign Policy Commission of the Iranian Majlis, members of the Iranian Parliament, Deputy Ministers of Defense, Interior and Trade, high ranking civil and military officials, diplomats, scholars, media persons and prominent citizens of both c…

The Belt and Road Initiative: How European Businesses can Benefit

https://frontera.net/news/the-belt-and-road-initiative-how-european-businesses-can-benefit/
The Belt and Road Initiative: How European Businesses can BenefitByDezan Shira Associates -11 Apr 2018French President Emmanuel Macron and UK Prime Minister Theresa May both made trips to China in early 2018. During their visits, they expressed interest in the opportunities presented by China’s Belt and Road Initiative (BRI), but also reluctance over the policy’s aims and whether European countries could really benefit from it. Macron, for instance, said that the New Silk Road cannot be “one-way”.Given the importance that the Chinese government has ascribed to the BRI – and the vast sums committed to it – European businesses are exploring if and how they can participate. However, many European businesses are unsure of what the BRI looks like in practice, and whether the opportunities it presents can only be enjoyed Chinese companies.While the exact nature of foreign involvement in the BRI remain…