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Showing posts from March 12, 2017

Blast partially damages bridge in Gwadar By  APP Published: March 12, 2017 ISLAMABAD :  A bomb explosion took place under a bridge on the main Sur Bandar road in Gwadar Sunday morning, according to police officials. The police were reportedly informed about the presence of a bomb under the bridge. However, it exploded before the bomb disposal squad’s arrival at the scene, a private news channel claimed. While there was no loss of life reported, the bridge was partially damaged in the incident. The officials said it was a remote-controlled bomb weighing around 5 to 7 kilogrammes. Gwadar will change face of Balochistan: PM Close ad X Since the China-Pakistan Economic Corridor (CPEC) was announced in 2014, the security status in Balochistan has improved, with the government setting up a new army division to ensure protection, while hundreds of rebels surrendered arms. Real estate firms dismiss fears the “Gwadar bubble” might still burst, point

Pakistan will be paying China $90b against CPEC-related projects By  Salman Siddiqui Published: March 12, 2017 KARACHI :  Pakistan will end up paying $90 billion to China over a span of 30 years against the loan and investment portfolio worth $50 billion under the China-Pakistan Economic Corridor (CPEC), report of a brokerage house estimated. The estimated return –  sum of principal and interest on foreign currency debt and repayment of profits/dividend on equity investment – shows 40% return on investment. The amount increased to $54 billion after the inclusion of more projects in CPEC such as investments in Pakistan Railways and financing of the Karachi Circular Railways project. The volume of return would increase accordingly. Infrastructure and power projects – part of the CPEC portfolio and divided across time in terms of priority – are expected to be completed by fiscal year 2030. Pak-China partnership:Dasu power project to create 8,000 jobs for lo