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Showing posts from April 25, 2019

Address by Prime Minister Imran Khan at opening ceremony of Second Belt and Road Forum

Source:CE.cn | 2019-04-26 13:15

BEIJING, April 26 (China Economic Net) -- Pakistani Prime Minister Imran Khan delivered an address at the opening ceremony of the Second Belt and Road Forum in Beijing on Friday.Belt and Road Cooperation: Shaping a Brighter FutureAddress by Prime Minister Imran KhanAt Opening Ceremony of the Second Belt and Road ForumBeijing, 26 April 2019Excellency President Xi Jinping,Esteemed World Leaders,Distinguished Participants,Ladies and Gentlemen,It is my privilege to speak at the Second Belt and Road Forum for International Cooperation.I congratulate President Xi Jinping and the Government of People’s Republic of China for organizing this important event.As the Belt and Road transforms from vision into reality, this gathering of partners and friends affords a useful platform for taking stock and setting the agenda.In a world of geopolitical uncertainty, of rising inequality and barriers to trade, the BRI offers a model of collaboration, partnership, connectivi…

Saudi Arabia expressed keen interest in Gwadar investment

26 April, 2019Saudi Arabia has expressed its keen interest in exploring more avenues for investment in Gwadar, as there is a huge potential for trade and economic activities.This was deliberated during a meeting of the Saudi Shura Council Chairman Dr Abdullah Bin Muhammad Bin Ibrahim Al-Shaikh with Senate Chairman Muhammad Sadiq Sanjrani at a reception hosted in honour of the Saudi Shura Council.The Senate chairman observed that mutual trust and confidence had been witnessed in the decades-long friendship between the two sides. Referring to the investment opportunities in Pakistan, he observed that an environment conducive to multi-sector investment existed in Pakistan, and Saudi investors would benefit from the investment opportunities.Sanjrani said he considered the visit of Saudi Crown Prince Mohammad bin Salman as highly important, as it would help in laying the foundation for a new era of cooperation. He said that Saudi investment had helped in rejuvenating the confidence of inte…

GPA chairman outlines ambitious plans for Gwadar

By app  Apr.26,2019Says port will play major role in regional tradeBEIJING: Gwadar Port Authority (GPA) Chairman Naseer Khan Kashani said on Wednesday that the Gwadar Smart Port City Master Plan would transform the port city into a hub for industrialization, commercial activity and international marine trade.In an interview with the Global Times, he said he believed that the gains would trickle down to the grassroots level, uplifting the lives of common people, equipping them with market oriented skills, unleashing job opportunities, increasing educational and healthcare facilities and making them available to all households.He termed Gwadar port an integral part of the ChinaPakistan Economic Corridor (CPEC) and the Belt and Road Initiative (BRI), adding that, being located close to the international oil trade and sea shipping lanes at the mouth of the Persian Gulf, just outside of the Strait of Hormuz, it enjoyed unique geostrategic and geoeconomic importance for all BRI countries.Co…

Why the U.S. Shouldn’t Sit Out the Belt and Road Initiative

Banners are displayed along a street ahead of the Belt and Road Forum in Beijing on Apr. 22, 2019. The Chinese Ambassador to the United States makes his case for China's global infrastructure push—and urges the U.S. to join.Wang Zhao—AFP via Getty ImagesBy CUI TIANKAIApril 23, 2019Imagine the potential of China and the United States, the world’s two largest, most vibrant economies collaborating on the most ambitious development project in history. The scenario is no fantasy: China’s Belt and Road Initiative (BRI), which kicked off almost six years ago, will eventually connect a vast swath of the world, creating huge yields in economic activity, and wiring the world together as never before. However, the United States remains on the sidelines, and this has implications not only in terms of missed opportunities for growth in the U.S., but for the cause of global development which needs the ingenuity and the industry of the U.S.The BRI, which echoes the geographic footprint and spiri…

Belt and Road initiative: Two Key Channels to Achieving Financial Connectivity

Opening Remarks
By Christine Lagarde, IMF Managing Director 
Belt and Road Forum Session on Financial ConnectivityApril 24, 2019As prepared for deliveryGovernor Yi, Minister Liu, Distinguished Guests, Ladies and Gentlemen — good morning! Zao Shang Hao!I would like to thank the People’s Bank of China and the Chinese Ministry of Finance for organizing this important event.As we meet during this beautiful springtime weather it brings to mind the words of the Chinese proverb, “ The whole year must be planned for in the spring.”Over the next three days we will consider the ways the Belt and Road Initiative — the BRI—can help better connect the world physically and financially for years to come. It is fitting that we begin these conversations with financial connectivity. Why? Because history teaches us that physical and financial connectivity go hand-in-hand.Think of the original Silk Road. The desire for trade drove merchants to travel thousands of kilometers. Over time, infrastructure in …

Russia Supports the Chinese Belt and Road Initiative

25.04.2019Xing GuangchengWang Xuemei© ReutersThe Chinese Belt and Road initiative attracts different countries from all over the world, achieving interconnected relationships and simplifying the trade and investment process, repairing cracks in economic globalisation and forging regional economic cooperation, and putting the international economic order on the right, rational path, Xing Guangcheng and Wang Xuemei write.In recent years, the process of globalisation has come under threat and we see a tendency towards the fragmentation of the modern international economic system. The Chinese Belt and Road initiative (BRI), which is grounded in the principles of joint consultation, joint construction and joint use, attracts different countries from all over the world, achieving interconnected relationships and simplifying the trade and investment process, repairing cracks in economic globalisation and forging regional economic cooperation, and putting the international economic order on…

Fear and Loathing in Balochistan 

A Pakistani Shiite Muslim woman protests with others to condemn the recent killings of Shiites from Hazara community, in Lahore, Pakistan, April 19, 2019.Image Credit: AP Photo/K.M. Chaudary

Terror attacks and violence continues to plague the province – and the Hazaras bear the brunt of the danger.By Muhammad Akbar NotezaiApril 25, 2019In Balochistan, bad news always keeps coming, despite the government’s near daily assurances about restoring peace in the province. Now, once again, Balochistan’s situation is going from bad to worse. There have been sporadic assaults on the security forces in Balochistan’s northern belt, the areas dominated by Pashtuns. There are reports of banned religious outfits regrouping and gaining momentum, too.But the worst news that always comes out of the province is that of the Hazaras. Once again, they have been targeted in a suicide attack, this time at Quetta city’s vegetable market, in Hazarganji. Reportedly 20 people were killed in the April 12 attack, i…

Affectees of Mirani dam: Balochistan government grilled for not paying compensation even after 15 years

MUSHTAQ GHUMMAN APR 25TH, 2019ISLAMABADSenate Standing Committee on Water Resources on Wednesday grilled Balochistan government for not paying compensation to the affectees of Mirani dam even after 15 years. Headed by Senator Shammim Afridi, the committee was discussing a point of public importance raised by Senator Mir Kabeer Ahmed Muhammad Shahi regarding "compensation to the affectees of Mirani dam". Senator Mir Kabeer argued that the survey of the affectees was conducted in 2004 but compensation will be given in 2019, which is unfair. He contended that the condition of the dam affectees is like those of beggars.The officials of provincial government informed the committee that the amount of compensation for each affectee could not be finalised in 2014 due to which the earmarked amount lapsed and no amount was earmarked for the next fiscal year.Senator Qurat-ul-Ain Marri said that the amount is with the provincial government for the last four years but it is not releasing…