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Showing posts from March 11, 2020

China's Belt and Road initiative affected by coronavirus

Alaraby.co.uk

An official of Pakistan-based Chinese company holds a thermo gun to check drivers [Getty]Date of publication: 11 March, 2020 The outbreak of coronavirus has affected a number of projects under China's BRI in a number of host countries, including Pakistan, Tajikistan and Bangladesh. The deadly coronavirus has infected thousands of people in and outside of China, but it has now also hit the country's mega trade and infrastructure development plan. 
The epidemic has sparked fears among states that come within the sphere or around the trade routes of China's trillion-dollar Belt and Road initiative (BRI) in South and Central Asia. The outbreak has affected a host of projects under BRI in a number of countries. In some countries, these projects have come to a complete halt.

Chinese engineers and workers, who had gone home for the Lunar New Year holiday, have not been allowed to re-enter the host countries where they were working on several infrastructure projects relate…

Oracle Power : Support for Development of Thar Block VI

11/2020 | 08:36 am
Oracle Power Plc / EPIC: ORCP / Market: AIM / Sector: Mining11 March 2020Oracle Power PLC('Oracle', the 'Company' or the 'Group')Oracle Notes Further Strong Support for Development of Thar Block VIOracle Power PLC (AIM: ORCP) is pleased to note that a letter, dated 9 March 2020, from the Minister of Energy for the Government of Sindh (Mr. Imtiaz Ahmed Shaikh) to the Chairman of the China Pakistan Economic Corridor ('CPEC') Authority (Lieutenant General (Retd) Asim Saleem Bajwa) and copied to, inter alia, the Chinese Ambassador to Pakistan and Oracle's CEO, Naheed Memon, (the 'Letter'). The Company understands that the Letter reflects further the recent discussions of an official meeting in Karachi on 21 February 2020.Overview· Letter from Ministry of Energy for the Government of Sindh to Chairman of the CPEC Authority confirms continued and strong support for the development of Thar Block VI, in which Oracle Power holds a 1…

Gilgit-Baltistan want to join India

BY KHABARHUB MARCH 10, 2020 BALISTAN: Senge H Sering, a political activist from Gilgit-Baltistan has asked India to regain control of the Gilgit-Baltistan region. Sering has also urged New Delhi to save the region’s residents from the ‘brutal colonial reign’ of Pakistan-China’s ambitious $60 billion China-Pakistan Economic Corridor (CPEC) infrastructure program. The CPEC has been a vital component of the Belt and Road Initiative (BRI) passes through the region. Sering added that through the economic corridor project, Pakistan has become China’s gateway to the energy market of the world. Speaking at the 43rd session of the United Nations Human Rights Council (UNHRC), Sering, also the Director of the Institute of Gilgit-Baltistan Studies, emphasized that the residents of Gilgit-Baltistan province, who continue to Indian citizens, are under persecution by the Pakistan military. Sering also recalled the time and situation when the United Nations Security Council (UNSC) had asked Indian troops to…

CPEC industrial cooperation divorced from original CPEC, RBI’

NationalOur CorrespondentMarch 12, 2020 ISLAMABAD: Special Secretary Cabinet Dr Safdar Sohail on Wednesday explained his position on “stunting for Pakistan” and stated CPEC industrial cooperation was divorced from the original...
Share Next Story >>> ISLAMABAD: Special Secretary Cabinet Dr Safdar Sohail on Wednesday explained his position on “stunting for Pakistan” and stated CPEC industrial cooperation was divorced from the original CPEC and Road & Belt Initiative (RBI).
In a statement issued here on Wednesday, Dr Safdar Sohail who has been Pakistan's Lead Negotiator for the CPEC Long Term Plan and the first Convener of the CPEC Joint Working Group on Industrial Cooperation, had yesterday urged the Board of Investment (BOI) to re-situate the future developments in the context of bilateral industrial cooperation in the originally agreed upon Vision of industrial development in the Outline MoU on the CPEC LTP signed in November 2014 and reflected in the CPEC LTP approved by…