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Showing posts from January 25, 2020

After Seven Years in Development, Gwadar Handles First Afghan Cargo

BY THE MARITIME EXECUTIVE 01-23-2020 07:36:00 The shipment of goods from the recently-built port of Gwadar, Pakistan to customers in Afghanistan has begun, according to Pakistani media. The boxship Diyala has offloaded two containers of fertilizer for Afghan customers at Gwadar, and the cargo will be trucked overland to the border town of Chaman, Kandahar.The transformation of the port of Gwadar began in 2013 and has proceeded gradually over the intervening years. It is the linchpin in the China-Pakistan Economic Corridor (CPEC), a $60 billion collection of infrastructure projects intended to connect Pakistan's seaboard with inland markets.The port is substantially Chinese-built and Chinese-operated. In 2017, Pakistan’s government gave state-owned China Overseas Port Holding Company a forty-year lease for its operation. Under the terms of its long-term contract, the firm retains over 90 percent of revenue from Gwadar’s marine operations, plus 85 percent of the revenue from the mana…

Balochistan courts disposed of 60,145 cases in 2019SAMAA | Muhammad Atif Ali -

Posted: Jan 25, 2020 | Last Updated: 10 hours ago

Photo: SAMAA Digital The courts in Balochistan, including lower courts and the high court, disposed of a total of 60,145 cases in 2019.The Balochistan High Court is currently hearing 4,884 cases, while lower courts have to give judgement in 13,776 cases, reveal the documents released by the registrar of the high court.In 2019, at least 5,384 cases were filed in the high court. By December 31, 2019 the court had given verdicts in 6,401 cases.The documents have revealed that lower courts were hearing 13,967 cases at the start of 2019, while a total of 53,553 cases were registered in that year. The courts announced verdicts in 53,744 cases. They are currently hearing 13, 776 cases.

Defending CPEC

Tribune.com.pk

By editorial 
 Jan.25,2020 FO spokesperson claims that CPEC has enhanced regional connectivity Pakistan and China have rejected American claims that the China-Pakistan Economic Corridor (CPEC) is only being financed through loans and other non-concessional financing. Various ministries have been on a defensive charge to counter claims made by US diplomat Alice Wells a few days back. The Foreign Office spokesperson claimed that CPEC debt only amounts to “$4.9 billion, which is not even 10 per cent of the country’s total debt”. The spokesperson said CPEC has helped Pakistan address development gaps in various areas and gave the specific example of power plants with a total capacity of 7,000 MW. She also claimed that CPEC has enhanced regional connectivity and prosperity by providing enormous economic benefits for the people of Pakistan, along with socioeconomic development. The Planning Ministry separately claimed that the projects completed so far “have already brought relie…

ACCA team in Davos to attract business leaders’ interest in CPEC

The NewsLahore Our Correspondent January 25, 2020 LAHORE:Senior representatives from the Association of Chartered Certified Accountants are in Davos for promoting investment opportunities in Pakistan in emerging sectors such as shared services and...
LAHORE:Senior representatives from the Association of Chartered Certified Accountants (ACCA) are in Davos for promoting investment opportunities in Pakistan in emerging sectors such as shared services and outsourcing, pushing for sustainable business practices and focusing on the value of the accountancy profession in Pakistan and beyond at the World Economic Forum’s annual meeting on January 21-24 in Switzerland.According to a press release issued here on Thursday, the ACCA’s head of Pakistan, Sajjeed Aslam, Global head of public affairs, Anthony Walters, Council Member Ayla Majid FCCA, senior ACCA member Kabeer Naqvi FCCA, and the CEO of its Approved Learning Partner, TMUC, Chaudhry Faisal Mushtaq are among the key profiles representing ACC…