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Showing posts from April 19, 2020

Is Italy’s Economic Crisis an Opportunity for China? As Italy reels, Chinese companies might sense an opportunity to buy up more Italian brands on the cheap. By  Valbona Zeneli and Michele Capriati April 18, 2020 Chinese President Xi Jinping attends with Italian Premier Giuseppe Conte the signing ceremony of a memorandum of understanding at Rome’s Villa Madama, March 23, 2019. Credit: AP Photo/Andrew Medichini ADVERTISEMENT Italy represents one of the most important countries for China’s geoeconomic interests in Europe. It is a source of strategic assets both in advanced and traditional industries and internationally recognized brands and technology as well as occupying a crucial geographic position in the framework of China’s 21st century Maritime Silk Road, an integral part of Belt and Road Initiative. Getting access to Italy’s port infrastructure is a priority for China as it seeks to expand its trading routes from the Mediterranean to northern Europe. In March 2019,  Italy became an official member of the Belt and Roa

Use of face masks declared mandatory in Balochistan

by  RECORDER REPORT  on  April 19, 2020 The Balochistan government declared on Saturday that wearing a mask mandatory for the citizens in a move to control over the spread of coronavirus. According to the Balochistan government spokesperson, Liaquat Shahwani, the citizens have been urged to wear mask or to cover their faces with any cloth in the wake of COVID-19 outbreak. "This will help the government in controlling over the pandemic", Shahwani said and added that strict action would be taken, if any citizen was found violating the government orders. Yesterday, the spokesperson of the Balochistan government had confirmed that the number of coronavirus cases reached 335 in the province after two more tested positive. Liaquat Shahwani, in his Twitter message, had confirmed that the latest tally of coronavirus cases of the province up to 335. He said that two persons have been detected with COVID-19 infection

Govt allows import of wheat, sugar, fertiliser at Gwadar Port

By   Shahzad Paracha  - April 19, 2020 ISLAMABAD:  The federal government has allowed the import of wheat, sugar and fertilisers at the Gwadar Port and onward transit to Afghanistan through bonded carriers- insured and sealable trucks having a tracking device. The Ministry of Commerce (MoC), on the request of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI), the Gwadar International Terminals Limited and other stakeholders, has issued an Office Memorandum (MO) titled ‘Implementation of the import and export policy orders through shipping procedure and instructions for operationalisation of the Gwadar Port’. The ministry has been approached with the request to allow import of Afghan bulk cargo at the Gwadar Port and onward transit to Afghanistan through sealable trucks. The petitions of all stakeholders have been examined in the light of the Afghanistan-Pakistan Transit Trade Agreement (APTTA),

Gilgit-Baltistan: Where Pakistan, China, Iran meet

Senge Hasnan Sering Source: Sunday Guardian Live, India   April 18, 2020,   China treats the disputed Gilgit-Baltistan as Pakistan’s internal matter. China’s growing appetite for energy from the Gulf is opening doors for it to assume a larger strategic and military role in the Middle East. Countries like Iran and Pakistan, which are gifted with valuable geographical locations, thrive better in a bipolar world, and the rise of China is a promising indication in this The situation is invariably making the United States work harder to maintain its alliances. The ambition to find itself a legitimate place in the Indian Ocean is requiring China to establish permanent military bases on the Pakistani coastline. These bases will be linked to China’s western province of Xinjiang through a web of rail and road networks which are being built through the disputed territory of Gilgit-Baltistan (G-B). China has christened this framework of regional connectivity as China-Pakistan-Economic-

Mechanisms established for timely completion of CPEC projects: Ambassador Hashmi

April 19, 2020 BEIJING, April 19 (APP):Pakistan Ambassador to China, Naghmana Hashmi has said that a number of mechanisms had been established to complete all projects under China-Pakistan Economic Corridor (CPEC) within the prescribed time frame in order to achieve the desired goals. “This is a transformative project that, through a radical overhaul of Pakistan’s energy and infrastructure, has laid a solid foundation for our future socio-economic development and has produced tangible results on the ground,” she said in an interview. Ambassador Hashmi remarked that the CPEC was the flagship project of the Belt and Road Initiative put forward by General Secretary Xi Jinping and had played an important role in the development agenda of the present government in Pakistan. During the high-level exchanges between the leaders of Pakistan and China, the two sides agreed that the focus of the second phase of the CPEC was to complete all projects under construction in a timely manner and contin