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Showing posts from August 5, 2019

Sibi: Levies personnel were attacked by unknown armed men.

Aug 04,2019Current BalochistanUnknown armed men attacked the levies persinnel when they were on a duty. The attackers escaped successfully.According to the levies officials, the incident took palce at Tali where they ambushed a car of the levies forces.Levies officials briefed that after  retaliation,  attackers escaped to the nearest mountains and the forces  were spared in this attack. No casualties were reported. Leavies and FC personnel later cordoned the area and searched for the attackers.http://cubalochistan.home.blog/2019/08/04/sibi-levies-personnel-were-attacked-by-unknown-armed-men/

Korean coMPANIEs keen to invest in CPEC projects: Razak

RECORDER REPORT AUG 5TH, 2019ISLAMABADRazak Dawood, Adviser to PM on Commerce & Textile, Industries & Production and Investment concluded visit to South Korea. The Adviser was heading a delegation of textile top players. The delegation had very engaging dialogue with the Korean investors and importers. During the visit Adviser to PM met his Korean counterpart and deliberated upon various issues and opportunities in order to enhance bilateral cooperation in areas of trade and investment. During meetings, he underlined that there was enormous potential in bilateral trade and investment between both the countries which needs to be exploited in times to come.During the visit Pak-Korea CEO forum was held in Seoul in which top Korean companies were represented. While addressing the forum Adviser urged the Korean companies to invest in Pakistan owing to its improved global ranking in Ease of Doing Business Index by 11 points in 2019. Moreover, Pakistan has launched a programme titled…

CPEC framework: joint cotton research lab to be set up in Multan

RECORDER REPORT AUG 5TH, 2019ISLAMABADThe Punjab government has proposed numerous new agriculture sector development projects to be included in the China Pakistan Economic Corridor (CPEC) Socio Economic Development Framework. Under the framework, a joint cotton research laboratory would be established in Multan at a cost of Rs 186 million to help improving the productivity of the agriculture sector by increasing cotton cultivation area and production.It will also help in development of climate resilient cotton varieties that will ensure reliability and productivity. The project will help farmers by lowering the need to invest in insecticides and pesticides and will help alleviate poverty in rural Punjab, sources in Punjab planning department said.Under the Socio-Economic Development Framework, China had agreed to provide Pakistan a grant of $1 billion for initiating various projects across the country especially in under developed areas.Similarly, the government will have also an oil …

CPEC framework: joint cotton research lab to be set up in Multan

RECORDER REPORT AUG 5TH, 2019ISLAMABADThe Punjab government has proposed numerous new agriculture sector development projects to be included in the China Pakistan Economic Corridor (CPEC) Socio Economic Development Framework. Under the framework, a joint cotton research laboratory would be established in Multan at a cost of Rs 186 million to help improving the productivity of the agriculture sector by increasing cotton cultivation area and production.It will also help in development of climate resilient cotton varieties that will ensure reliability and productivity. The project will help farmers by lowering the need to invest in insecticides and pesticides and will help alleviate poverty in rural Punjab, sources in Punjab planning department said.Under the Socio-Economic Development Framework, China had agreed to provide Pakistan a grant of $1 billion for initiating various projects across the country especially in under developed areas.Similarly, the government will have also an oil …

Three CPEC projects ready for opening

MUHAMMAD ASAD CHAUDHRYAugust 05, 2019
ISLAMABAD - A total of three motorway projects, being executed as part of China Pakistan Economic Corridor (CPEC), are almost ready for their opening but the National Highway Authority has yet to decide about their final dates of inauguration.READ MORE: Grand march to be staged in lahore to express solidarity with Kashmiris todayThese projects include 392km long Multan-Sukhar Motorway (M-5), 54km long package-I and 14km long package 2-D of Hakla-D.I Khan Motorway and a 40km long section of Thakot-Havelian expressway.These CPEC projects in addition to several others were started by the previous government of Pakistan Muslim League-Nawaz out of which the aforementioned projects are almost ready and now the NHA will take the final decision about their opening.However, sources informed that the NHA management is uncertain about the level of inauguration ceremonies for these important projects.When contacted, Member Engineering Coordination Arbab Ali Da…

PEC structured as a resource extraction exercise: Expert

China Pakistan Economic Corridor. Photograph:( Zee News Network )FOLLOW USANI Washington DC, US Aug 04, 2019, 11.56 AM (IST)China Pakistan Economic Corridor (CPEC) is not an investment into Pakistan but is structured as a resource extraction exercise, a US based frontier, and emerging market analyst has said.In an article published by Medium.com, Farooq Tirmizi wrote that the majority of Chinese investment in Pakistan is self-proclaimed and is not benefitting the local economy."China announces that it has invested in a project in Pakistan worth, let's say US $1 billion. That US $1 billion, however, is required to mostly be spent on Chinese equipment, and labor, a significant portion of which is to be imported from China as well, with very little by way of supplies coming from the local economy," Tirmizi said.That said amount, therefore, never hits Pakistan's economy as an investment, and goes from the Chinese government or state-owned company to a state-owned company…