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Showing posts from May 19, 2020

Circular debt over thirteen years led to Rs4,802bn in losses: report

Business Web Desk April 18, 2020 Nine member committee headed former SECP chief submits report to premier ShareNext Story >>> Photo: File ISLAMABAD: The menace of circular debt has already led the country to a total loss of Rs4,802 billion during the last 13 years because of the power sector’s inefficiencies, which also caused an annual loss of Rs370 billion, The Newsreported on Saturday.The figures were revealed in a report of a nine-member committee designated to the power sector audit, circular debt and recommending ways forward. The committee was headed by ex-chairman SECP and the report was submitted to the prime minister.The report was based on five main sections, including i) review of private power producers (IIPs); ii) circular debt distribution inefficiencies, iii) future roadmap towards a competitive market structure; iv) implementation plan, and v) IPP wise reports.Also read:Finance ministry releases Rs53 billion to ease off circular debtTransmission, distribution losse…

Unidentified gundown a levies perosnnel in Panjgur.

Current Balochistan

Date: 19 May 2020Author: Admin0 Unknown armed shot and killed a levies personnel in Washbod area of Balochistan’s district Panjgur during evening on Tuesday.According to a senoir police official, he confirmed the incident and said, it was occurred in Washbod outskirts of the Panjgur town, where unknown armed men riding a motorcycle, shot and killed a man identified as Jahanzaib S/o Abdul Salam, and managed to escape the site.As per sources, he had been working in Balochistan Levies force, a paramilitary force operatives in Balochistan.Soon after receiving information about the Levies and rescuers rushed the site and shifted the body in to nearly hospital.The local administration lodged the case and started further investigation, while police said cause of the incident yet to be ascertained yet, however, sources relayed and said it was a target killing incident

CHINA: Countdown to the Two Sessions

TRIVIUM CHINA
Happy Two Sessions week, everybody!

ICYMI: China’s long-delayed government meetings will begin when the political advisory body (CPPCC) kicks off its annual plenary session on Thursday, followed by the national legislature (NPC) on Friday.

The big reveal: Premier Li Keqiang will deliver the Government Work Report on Friday morning – it will lay out key government targets and policy priorities for the rest of the year.

What we’ll be watching for:GDP growth targetWill the government set a flexible target, or perhaps even a two-year average target for 2020-2021?The size and shape of stimulusFiscal deficit target – will policymakers breach the long-held redline of 3% of GDP?Local government bond quota – could it be raised to RMB 4 trillion from the current RMB 2.5 trillion?Monetary measures – will policymakers signal a significant increase in credit growth going forward?Consumer vouchers – will the central government give policy guidance to this program that has largely been imp…

CHINA: Western regions get development boost

TRIVIUM CHINA
On Sunday, the CCP Central Committee and the State Council released a document to guide the development of China’s western regions for the next 15 years.

Some context: The emphasis on western regional development first started in 2000 under then-Premier Zhu Rongji and Vice Premier Wen Jiabao. The designation encompasses Inner Mongolia, Shaanxi, Ningxia, Gansu, Xinjiang, Qinghai, Tibet, Chongqing, Sichuan, Guizhou, Yunnan, and Guangxi.

By 2035, the western regions need to be basically on par with China’s prosperous east in terms of:Socialist modernizationBasic public servicesInfrastructure developmentLiving standardsPart of the solution is to leverage foreign investment,by:Facilitating land use for foreign-invested projectsOpening up the agricultural industry to foreign investmentEnsuring equal market access for foreign investorsExpanding the encouraged industry list for foreign investmentConcrete support measures are already happening.On April 23, a preferential tax policy …

China’s capture of Pakistan’s media sector and the complicity of the establishment

By Siegfried O. Wolf. 19 May, 2020ISSN NUMBER: 2406-5617
 DOWNLOAD PDF Siegfried O. Wolf

Dr. Siegfried O. Wolf, Director of Research at SADF (Coordinator: Democracy Research Programme); he was educated at the Institute of Political Science (IPW) and South Asia Institute (SAI), both Heidelberg University. Additionally he is member (affiliated researcher) of the SAI as well as a former research fellow at IPW and Centre de Sciences Humaines (New Delhi, India).
https://www.sadf.eu/comment-186-chinas-capture-of-pakistans-media-sector-and-the-complicity-of-the-establishment/
Pakistan’s media sector faces multiple threats from numerous actors – from the military and intelligence agencies, higher judiciary, religious fanatics and militants, as well as from the government. However, it is important to stress that the freedom of press and the quality of journalistic practice are not only challenged by domestic but also by foreign sources, foremost China. Currently, the interaction between Islamabad an…

The Emergence of a Sino-Russian Economic Partnership in the Arctic?

The Emergence of a Sino-Russian Economic Partnership in the Arctic?May 19, 2020By  Press meeting with Vladimir Putin and Xi Jinping following Sino-Russia talks in Moscow, June 2019. Photo: President of RussiaChina’s Arctic engagement has increased considerably during the past decade, which has not only offered plentiful economic opportunities but also created new risks and concerns among the eight Arctic states, non-state actors, and peoples. To increase understanding of dimensions of Beijing’s Arctic activities, The Arctic Institute’s new China series probes into China’s evolving Arctic interests, policies, and strategies, and analyses their ramifications for the region (and beyond).Intro: China and its Arctic TrajectoriesThe tortuous path of China’s win-win strategy in GreenlandDefining the Chinese Threat in the ArcticReducing China’s Black Carbon Emissions: An Arctic DimensionIdentity and Relationship-Building in China’s Arctic DiplomacyA Framework for Si…

Sieren's China: New Silk Road hangs in the balance

14.05.2020 The coronavirus pandemic has meant delays and higher costs for the Belt and Road Initiative, but has also presented new possibilities. Beijing needs to find a balance between stability and expansion, says Frank Sieren.https://www.google.com/amp/s/amp.dw.com/en/sierens-china-new-silk-road-hangs-in-the-balance/a-53431109
The coronavirus pandemic has slammed the brakes on China's Belt and Road Initiative (BRI). Otherwise known as "The New Silk Road," the project was presented by Chinese President Xi Jinping in 2013. It is a global infrastructure network of roads, railways, air and seaports designed to connect business between Asia, Europe and Africa.Yet, the coronavirus crisis has not only significantly slowed Western economies, now building sites along the BRI are at a standstill, too. Materials cannot be delivered due to disruptions in supply chains, and thousands of Chinese workers are unable to travel to and from countries where projects are currently underway.…

Poor Countries Borrowed Billions from China. They Can’t Pay It Back.

Nations want Beijing to forgive or renegotiate loans as their economies suffer. Doing so would be costly. Saying no could hurt China’s global image.Image The changing skyline of Colombo, Sri Lanka, in 2018. Hungry for money to stir growth, Sri Lanka has borrowed heavily from China in recent years.Credit...Adam Dean for The New York Tims By Maria Abi-Habib and Keith Bradsher May 18, 2020 https://www.nytimes.com/2020/05/18/business/china-loans-coronavirus-belt-road.html
As the coronavirus spread around the globe, Pakistan’s foreign minister called his counterpart in Beijing last month with an urgent request: The country’s economy was nose-diving, and the government needed to restructure billions of dollars of Chinese loans.Similar requests have come flooding in to Beijing from Kyrgyzstan, Sri Lanka and a number of African nations, asking to restructure, delay repayments or forgive tens of billions of dollars of loans coming due this year.With each request, China’s drive to become the develop…