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Showing posts from April 23, 2019

China economic corridor is debt reliever for Pakistan

Shared energy: this wind-power generation project established by Chinese companies in Karachi, Pakistan, is among 21 energy collaboration agreements between China and Pakistan CREDIT: XINHUAYasir Masood23 APRIL 2019 • 4:00PMDetractors have labelled it a ‘debt trap’ but in reality a $5.9bn loan payable over a long period of time is of little consequence to the Pakistani economyThe China-Pakistan Economic Corridor (CPEC), as part of the Belt and Road Initiative, has been making remarkable progress, yet some countries and observers are trying to belittle its enormous potential benefits by labelling it a “debt trap”.Since the CPEC is entering its next phase of development, those opposed to it are trying to impede its progress using a two-pronged strategy: deceiving the public by misquoting the CPEC’s financial figures and achievements in the media; and raising the spectre of past militancy in Pakistan to mislead investors into believing the country is still a volatile investment destinati…

Kabul links trilateral transit trade to Wagah border opening

Khaleeq KianiUpdated April 24, 2019

Because of the Afghan insistence on seamless access to India through the Pak-India border, the World Bank had been explained the reservations expressed by the Planning Commission and Pakistan’s intentions not to go ahead with the project for financing agreement in the near future. ─ DawnNewsTV/FileISLAMABAD: Amid Kabul’s demand for allowing its trucks to pass through the Wagah-Attari border as a pre-condition to an ambitious Pakistan-Afghanistan-Tajikistan Trade and Transit Agreement (PATTTA), Islamabad has dropped a World Bank-funded project of about $500 million for development of the Khyber Pass Economic Corridor (KPEC).A senior government official told Dawn that the World Bank had facilitated a meeting of the finance ministers of Pakistan, Afghanistan and Tajikistan on the sidelines of recent spring meetings of the World Bank and the International Monetary Fund in Washington to push for earliest finalisation of the transit agreement.The meeting w…

This is not funny anymore': PM Imran's statement in Iran comes under intense opposition attack

Dawn.com | Amir WasimUpdated April 23, 2019

PPP lawmaker Hina Rabbani Khar addresses the National Assembly on Tuesday. — DawnNewsTVPrime Minister Imran Khan's public acknowledgement in Tehran that terrorists had in the past misused Pakistani territory to undertake attacks against Iran came under a blistering attack by the opposition in the National Assembly on Tuesday.Human Rights Minister Dr Shireen Mazari defended the prime minister, saying his statement was being quoted out of context.In an unprecedented, albeit bold move, Imran, while speaking at a joint press conference with Iranian President Hassan Rouhani after a round of talks on Monday, had said: “I know Iran has suffered from terrorism [perpetrated] by groups operating from Pakistan. …we [need to] have trust in each other that both countries will not allow any terrorist activity from their soil. We hope this will build confidence between us.”The rumpus started when PML-N MNA Khurram Dastagir Khan drew the attention of the…