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Showing posts from November 4, 2020

China Belt and Road Initiative spending hit by pandemic

COVID-19 is causing slowdown in BRI investments, postponements in timelines and in some cases cancellations Dominic Ellis Nov 4 5 min read The Chinese economy may appear to be rebounding - reportedly growing 4.9 percent between July and September - but its Belt and Road Initiative (BRI) projects have been adversely affected by the worldwide disruption, according to a GlobalData report.  The pandemic is causing a slowdown in BRI investments, postponements in project timelines, and in some cases, suspension or even cancellation of projects in Africa and Asia due to local government spending curbs. The Chinese government has also been curtailing investments in BRI projects owing to domestic financial constraints amidst growing debt problems. “Despite much progress being made under the BRI investment since 2013, there has been criticism and push back against these projects in several countries following changes of governments or due to public outcry,” Dhananjay Sharma, construction analyst

PIA plans international, domestic flights for Gwadar

National Our Correspondent   November 05, 2020 LAHORE: The Pakistan International Airlines has planned to operate international flights and more domestic flights to/from Gwadar on the completion of New Gwadar Airport, PIA CEO Air Marshal Arshad... Share Next Story >>> LAHORE: The Pakistan International Airlines (PIA) has planned to operate international flights and more domestic flights to/from Gwadar on the completion of New Gwadar Airport, PIA CEO Air Marshal Arshad Malik said. This was stated by the PIA CEO during a visit to Rawalpindi Chamber of Commerce and Industry (RCCI) on Wednesday. During a meeting, the RCCI members requested the CEO for direct flights from Islamabad to Gwadar, USA and Europe and also more lights to Afghanistan. He assured the business community that he would look into the matter and operate flights keeping in view demands and commercial viability of flights. Air Marshal Arshad Malik said flights to Gwadar were being operated via Karachi at present d

Why is the female literacy rate in Balochistan the lowest in the world?

    Nizam Hassan 2 mins ago Educated women demonstrate a significant role in the development and progress nation. Today, nations who have paid tremendous services to women education and empowerment are at the pinnacle of success. But unfortunately, Balochistan, the richest province of Pakistan paints a bleak picture. Although male literacy rate is not satisfactory either but, female education is at its  lowest  in the province. Female literacy rate in Balochistan According to Sanaullah Baloch, a member of Balochistan assembly, “Female literacy rate in Balochistan is lowest in the world”. This is shocking. Despite being owners of unbounded natural resources, the daughters of Balochistan are deprived of even the basic constitutional right to education. It generates few questions as to why Balochistan is lagging substantially behind concerning women education? Is male dominated nature of Baloch society impedes women education, or is it sheer incompetence of the government to provide acces

CPEC has attracted $25 billion investments in Pakistan

Chinese spokesperson says major progress achieved through the flagship project APP  |  November 04, 2020     PHOTO: REUTERS/FILE BEIJING: The China-Pakistan Economic Corridor (CPEC) has achieved major progress since its launch seven years ago, bringing a total of $25 billion of direct investments to the country, the Chinese Foreign Ministry said on Wednesday. During his regular briefing in Beijing, Foreign Ministry Spokesperson Wang Wenbin noted that many projects has been started or completed under CPEC, a dynamic project of the Belt and Road Initiative (BRI) launched by President Xi Jinping. He particularly mentioned the completion of Orange Line Metro Line (OLMT) in Lahore, Pakistan’s first electric-powered public transport project. “Last month as an early harvest project, the Orange Line, was made operational, marking the beginning of the subway era for Pakistan,” he said. Wang said that projects completed under CPEC, had enhanced infrastructure and power supply in Pakistan and cre

China acknowledges major progress achieved through CPEC projects

*https://nation.com.pk/. 15 hours ago APP       Chinese Foreign Ministry spokesperson Wang Wenbin said on Wednesday that seven years after the launch of China Pakistan Economic Corridor (CPEC), major progress had been achieved with many projects started or completed bringing more than US$25 billion of direct investments to Pakistan. During his regular briefing held here, the FM spokesperson particularly mentioned the completion and inauguration of Orange Line Metro Line (OLMT) in Lahore, Pakistan which was first electricity-run public transport project. Last month as an early harvest project, the Orange Line was made operational marking the beginning of the subway era for Pakistan, he said. The spokesperson said that the projects completed under the CPEC, a pilot project of the Belt and Road Initiative (BRI) launched by China under the dynamic leadership of President Xi Jinping, had enhanced infrastructure and power supply in Pakistan and created employment opportunities for the locals

Projects for third phase under CPEC discussed

THE NEWSPAPER'S REPORTER ISLAMABAD: The second meeting of Joint Work­ing Group on socio-economic development under China-Pakistan Economic Corridor framework on Wednesday decided to prepare projects for the third phase, and the Chinese government was asked to send experts for the implementation of priority projects. The meeting via video link discussed and reviewed the projects under $1 billion Chinese grant, and expres­sed satisfaction over the pace of progress of projects under the joint working group in key areas of agriculture, education, health, poverty and vocational training. The joint working group decided to prepare documents for signing as deliverables of the forthcoming 10th Joint Cooperation Committee (JCC) meeting which will discuss implementation of the second phase of CPEC. The pandemic situation had delayed the holding of JCC meeting. The fast-track and priority projects specifically reviewed by the working group were agriculture tech­­nology laboratories, provisio