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Showing posts from July 11, 2019

The Problem With China's Investments -- From Malaysia To Sri Lanka, Pakistan, And Uganda

Panos MourdoukoutasContributorMarketsPhotographer: Atul Loke/Bloomberg © 2018 BLOOMBERG FINANCE LPChina has been on an investment spree in recent years, at home and abroad. At home, investment has been one of the engines that, together with exports, have fueled its robust growth. Abroad, investments have served China’s ambitions to control the South China Sea and secure a waterway all the way to the Middle East oil and Africa’s riches.The trouble is that many of these projects aren’t economically viable; they are built at inflated costs; and leave the host countries heavily indebted to Beijing.They aren’t economically viable because they serve the needs of Beijing’s central planners rather than the needs of the local markets.Teradata BRANDVOICESentient Marketing: The Future of Customer Engagement “Chinese President Xi aims to realize the ‘great rejuvenation of the Chinese nation’ by projecting power overseas through the “Belt and Road” initiative, which covers both Southeast Asia and …

NAB begins probe into power plants set up under CPEC

MUSHTAQ GHUMMAN JUL 11TH, 2019ISLAMABADNational Accountability Bureau (NAB) has reportedly started investigation into power plants set up under the China Pakistan Economic Corridor (CPEC), well-informed sources told Business Recorder.Chinese companies have established or are in the process of establishing power plants worth $ 35 billion due to which load shedding has been done away with across the country except those areas where losses are higher than 10 per cent.The departments/organisations which are being investigated are Power Division, Private Power & Infrastructure Board (PPIB), National Electric Power Regulatory Authority (Nepra), Government of Punjab and sponsors of power plants' established under CPEC.According to official documents, PPIB which is dealing with coal and RLNG -based power plants has written letters to different concerned departments to appoint focal persons to deal with NAB. The government intends to privatize RLN- projects."PPIB understands that …

Parliamentary Committee on China-Pakistan Economic Corridor

Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) has recommended that problems faced by agriculture sector should be resolved on the latest scientific basis by using modern technology. The Parliamentary Committee on CPEC met with Sher Ali Arbab in the chair at National Agriculture Research Council (NARC) Islamabad on Wednesday. The committee visited various parts of the institution.During the visit, the officials of NARC informed the committee members in detail about future strategy of implementation to improve the agriculture sector.The committee was briefed in its meeting about various development projects between Pakistan and China under the CPEC.Federal Minister for National Food Security and Research Sahibzada Muhammad Mehboob Sultan and MNAs Noor Alam Khan, Raza Rabbani Khar, Zahid Akram Durrani, Menhnaz Akbar Aziz and others participated in the meeting.https://fp.brecorder.com/2019/07/20190711496274/

Pakistan invites Commonwealth countries to invest in SEZs under CPEC

July 11, 2019Foreign Minister Shah Mahood Qureshi has said he has invited Commonwealth countries to invest in Special Economic Zones to be established under China Pakistan Economic Corridor project.Addressing a news conference in London today, he said the CPEC is a mega connectivity project which will ensure sustainable economic growth.The Foreign Minister said Pakistan is encouraging investment environment in the country.He said the european countries should open legal pathways for import of skilled and semi skilled workforce from countries such as Pakistan.Talking to key investors Foreign Minister said Pakistan offers best investment opportunities in various sectors, including agriculture, industry, renewable energy, technology, and infrastructure development.He said we are inviting British as well as international investors and business companies, through economic diplomacy, to come to Pakistan and take benefit of government's positive policies.British investors welcomed the fo…